Halo Financial is in administration — move your transfers
Halo Financial Limited entered special administration on 29 May 2026. If you have money still held with Halo, the special administrators at Begbies Traynor are handling its return. For your ongoing and future international transfers, Cambridge Currencies is a UK specialist broker working through FCA-authorised payment partners — every trade handled by phone by a dedicated specialist.
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What to do next
Your currency broker has gone into administration — what now?
When a currency broker or payment firm enters administration, there are two separate questions: what happens to money you already hold there, and how you handle transfers you still need to make. They have different answers, and it helps to deal with them in order.
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Register with the special administrators
For Halo Financial, that’s Begbies Traynor. Registering puts your position on record so any safeguarded funds can be returned to you where possible. Contact halo@btguk.com or the administrators’ creditors page.
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Cover any time-sensitive transfers
If you have a property completion, payroll run, or supplier payment due, don’t leave it exposed while the administration plays out. Line up a regulated alternative so upcoming payments aren’t delayed.
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Check how a new provider is regulated
Confirm who is FCA-authorised on the payment side, and how the firm safeguards client money. Safeguarding is not the same as FSCS protection — a point worth understanding clearly before you move.
“If you’re a Halo client, register with the administrators first so your position is on record — then deal with your future transfers as a separate step. There’s rarely a need to rush the second decision, and getting the order right keeps things calm.”
— Anthony Bull, CEO, Cambridge CurrenciesMoving your transfers to Cambridge Currencies
Cambridge Currencies handles international transfers in 50+ currencies to 190+ countries, through FCA-authorised payment partners Currencycloud (FRN 900199) and ScioPay (FRN 927951). Every trade is handled over the phone by a dedicated specialist.
Request a quote
A live, no-obligation rate. No account needed just to get a quote.
Register securely
Compliance checks carried out by our FCA-authorised partners.
Lock your rate
Spot trade or forward contract, by phone with your dealer.
Funds delivered
Sent via our FCA-authorised partners — usually same or next business day on major pairs.
Choosing a broker
What to look for in a replacement currency broker
In our experience supporting clients who move between providers, the priorities are continuity of contact and clarity on how funds are handled. When comparing brokers, check that any firm can clearly demonstrate the following:
- Works with FCA-authorised payment partners, and is transparent about who regulates the payment side.
- Explains its safeguarding honestly — including that safeguarding is not the same as FSCS protection.
- Gives you a named specialist by phone, not just an app or call centre.
- Is clear on pricing — the exchange rate margin and any fees stated up front.
- Offers forward contracts if you have future-dated payments and want to fix a rate in advance.
For larger sums, our large transfer service and business foreign exchange support cover property completions, supplier runs, and one-off high-value payments.
Specialist broker vs high-street bank
Many clients leaving a broker consider just using their bank. UK banks typically apply margins of around 2–4% above the mid-market rate, with per-transfer fees of roughly £10–£40. A specialist broker usually works to tighter margins. Always compare a live quote before you commit — savings vary by currency pair, amount, and timing.
Bank margin and fee figures reflect commonly observed industry ranges; exact pricing varies. See the FCA’s Consumer Duty review of international payment pricing transparency.
For reference
About the Halo Financial administration
Halo Financial Limited had provided currency exchange and international payment services since 2004, authorised by the FCA under the Payment Services Regulations 2017. Halo remains FCA-authorised during the administration.
Halo agreed a voluntary undertaking with the FCA, restricting it from providing payment services, onboarding customers, accepting further funds, or opening new FX positions.
The High Court placed Halo into special administration. Louise Longley and Bai Cham of BTG Begbies Traynor were appointed joint special administrators.
The administrators are reconciling customer funds and aim to return safeguarded money where possible.
Full details are on the FCA’s official notice and the administrators’ webpage.
Speak to a specialist about moving your transfers
Affected by the Halo Financial administration with transfers still to make? A Cambridge Currencies specialist can talk you through your options, with no obligation. Every transfer is completed by phone with a dedicated specialist.
Call us directly: +44 (0)1223 608232
For money held with Halo Financial, contact the administrators at halo@btguk.com — Cambridge Currencies cannot access Halo funds. · FCA-authorised payment partners: Currencycloud FRN 900199, ScioPay FRN 927951 · Funds safeguarded (not FSCS).
Halo Financial — frequently asked questions
The Halo Financial administration and moving your international transfers.
What has happened to Halo Financial?
Halo Financial Limited entered special administration on 29 May 2026. Louise Longley and Bai Cham of BTG Begbies Traynor were appointed joint special administrators. The firm remains FCA-authorised during the process, and the administrators are returning customer funds where possible. See the FCA’s notice.
How do I get my money back from Halo Financial?
Contact the joint special administrators at Begbies Traynor at halo@btguk.com or via the creditors page. Cambridge Currencies is not connected to Halo and cannot access or return Halo funds.
Is Halo Financial covered by the FSCS?
No. The FSCS does not cover payment services, so money held with payment firms such as Halo is not FSCS protected. Payment firms instead follow safeguarding rules, which require customer money to be held separately so it can be identified and returned by administrators where possible.
Can Cambridge Currencies recover my Halo Financial funds?
No. Cambridge Currencies has no connection to Halo Financial. Only the special administrators can deal with funds held by Halo. We can help with your future and ongoing transfers, but not with recovering money held by another firm.
Can I move my international transfers to Cambridge Currencies?
Yes. Cambridge Currencies handles transfers in 50+ currencies to 190+ countries, through FCA-authorised payment partners Currencycloud (FRN 900199) and ScioPay (FRN 927951). Request a quote with no obligation, then register before placing a trade. Every transfer is completed by phone with a dedicated specialist.
How is Cambridge Currencies regulated?
Cambridge Currencies works exclusively with FCA-authorised payment partners — Currencycloud (FRN 900199) and ScioPay (FRN 927951). Client funds are safeguarded under UK rules. Safeguarding is not the same as FSCS protection. More on how we protect your money.
How quickly can I set up to transfer?
You can get a quote immediately without registering. Registration with FCA-compliant identity checks is required before you place a trade. Once set up, major pairs such as GBP/EUR and GBP/USD typically settle the same or next business day.