The recent decision by the Central Bank of Brazil (BC) to raise the foreign exchange operation limit for non-bank institutions to US$ 500,000 opens new opportunities for Freex, a foreign exchange broker that received its operating license from the BC in May 2024. Based in São Paulo (SP) and led by Tiago Ramos (CEO), Freex aims to capitalize on this regulatory movement to accelerate its expansion and offer agile and transparent foreign exchange solutions to its clients.
Freex is controlled by BSP Holding and the North American entrepreneur Johnathan Palmer, with Westbull Financial LLC as the main investor. Since the approval of the Central Bank, Freex has been dedicated to consolidating its operations and implementing a robust infrastructure to meet the demands of the foreign exchange market.
“We are deeply committed to ensuring that from the very beginning of our activities we can offer professional FX solutions that reflect our values of transparency, agility and freedom to our partners and clients,” said Tiago Ramos, CEO of Freex.
Freex is developing advanced technological projects to customize customer service, including the integration of artificial intelligence (AI) and strengthening cybersecurity. Furthermore, the brokerage has already outlined an ambitious international growth plan, aiming to establish currency exchange offices in Miami, Dubai, Singapore, and China by the end of 2025.
To differentiate itself in the market, Freex is forming strategic partnerships with financial institutions to offer foreign currency checking accounts (CCME) and facilitate transactions. The company has already begun collaborations for travel exchange and quick remittances, as well as negotiations with banks to offer CCME, aiming to expand its range of services and provide a complete and efficient experience for its clients.
