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Corpay Cross Border Review
Corpay Cross Border is the corporate FX and payments arm of Corpay Inc. It grew from the 2021 merger of Cambridge Global Payments and AFEX.
Min Deposit
N/A
Spreads From
Not published
Max Leverage
Not applicable
Platforms
N/A
Pros
- Built on Cambridge Global Payments and AFEX, firms with decades of history
- Regulated in the UK, Ireland, and the US across several entities
- Backed by Corpay, a large, publicly listed payments company
- Offers forward contracts so companies can lock in exchange rates ahead
Cons
- Built for companies, not individual retail forex or CFD traders
- No public minimum deposit, spread, or leverage figures are listed
- Parent Corpay lost an FTC case over hidden fees on its fuel cards
- Operates under several trading names, which can confuse new clients
Corpay Cross Border formed in 2021 when the American payments company Corpay merged two currency firms it had bought, Cambridge Global Payments, started in Canada in 1992, and AFEX, started in the United States in 1979. Both had decades of history in corporate foreign exchange before joining the same brand.
The unit helps companies pay suppliers abroad, collect foreign currency, and hedge currency risk with forward contracts. It works with businesses and institutions, not individual retail traders, so there is no public minimum deposit or spread to quote.
Its UK entity, Cambridge Mercantile Risk Management (UK) Ltd, is FCA authorised under reference 596682. Irish entities are authorised by the Central Bank of Ireland, and the US entity is a FinCEN registered money services business. Parent company Corpay separately lost an FTC case over hidden fees on its fuel card business, a reminder to read fee disclosures closely.
Max Leverage
Not applicable
Spreads From
Not published
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
