The Isle of Man's foreign exchange specialists

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Businesses could be losing thousands of pounds per year when transacting foreign exchange with their suppliers.

We fix that.

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Each time your business transacts in foreign currency, a third party nibbles away at your bottom line.

Andy was using his FX provider to pay his suppliers, not realising there may be a more cost effective solution.

What sets MFX apart?

It may not seem like much but over a year, EACH TRANSACTION LOSS can add up to thousands of pounds.

Mark knows that our partnership and purchasing power with moneycorp will ensure he consistently receives competitive rates.

moneycorp ©

MFX changes all of that, you can make potential savings on every transaction.

Jennifer calculated that she saved over £15,000 per year. Contact MFX.

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Sally entered into a forward exchange contract* to convert her GBP to Euro. This helped eliminate exchange rate risk and provided piece of mind that the contracted price would hold.

*Forward Contracts may or may not require a deposit dependent upon your facility agreement.

About Forward Contracts

Free set-up, quick & easy application, and no account fees
It's backed up by local people who you can meet, call or email.
May Hooper

Managing Director

May has over 33 years in the offshore finance industry. Prior to joining MFX she worked predominately in the banking industry within various treasury and foreign exchanges positions at Anglo Irish Bank, Royal Bank of Scotland International and Lloyds Bank International. May brings a wealth of foreign exchange and relationship management knowledge to the team.

Douglas Grant


Douglas has over 30 years’ experience in finance. Prior to joining Manx Financial Group PLC in 2014, he was Finance Director of various Isle of Man private sector companies and has extensive capital markets experience. His participation adds a wealth of experience and governance to MFX Limited, aligning the company with the policies and standards maintained by the group.

David Shimmin

Business Development Manager

David joined MFX Limited in July 2018 as our Business Development Manager. His 13 years of offshore banking experience with Lloyds Bank International has given him a keen understanding of the FX industry which he applies to his role looking after a varied portfolio of prospects. His role is to help prospects understand the range of benefits that MFX solutions can offer.

John Garland

Business Development Manager

John has over 20 years’ experience in financial and professional services. During that time he held senior positions with both HSBC and Coutts & Co. In 2010, John set up his own consultancy business and held Board positions of two pension companies. John joined the team as Business Development Manager in 2021 and his knowledge of the local fiduciary industry will compliment and strengthen the team.

Niall Carey

Business Development Manager

Niall has over 20 years offshore banking experience in Jersey and the Isle of Man with AIB Bank and Bank of Ireland. More recently, he has run commercial teams working closely with the finance and e-gaming sectors. As a Senior Relationship Director, he specialises in providing cash management, payment and foreign exchange solutions to corporate and private clients.

Julie Moy

Onboarding Officer

Julie joined MFX in August 2022 as our Onboarding Officer. She has over 20 years’ experience in client services, within the local finance sector, having previously worked for Nationwide International Limited, Royal Bank of Scotland International and Bank of Ireland. Her role ensures that the onboarding process operates efficiently, and all ongoing relationships are managed accordingly.

Read our client's stories