RedFX

RedFX is a currency and payments intermediary that provides foreign-exchange execution, multicurrency accounts, business cash-flow strategy, payroll and bulk payment solutions, and private foreign exchange services. It works alongside FCA-regulated partners and aggregates offerings from payments providers, banks, fintechs, and insurers rather than operating its own balance sheet. Clients include businesses with cross-border import-export and e-commerce operations as well as private individuals seeking better exchange rates.

The firm's website states it works alongside FCA-regulated partners but does not explicitly claim FCA authorization for RedFX itself. Its services are delivered through relationships with regulated payments providers, FX brokers, banks, and fintech service providers. An allocator conducting due diligence should request the specific regulatory permissions and partnership agreements before onboarding.

RedFX acts as an intermediary, negotiating rates with FX brokers and payments providers and passing those rates to clients under a 'bank-beating' proposition. It does not publish a spread schedule or commission structure, and pricing appears bespoke per client. The firm emphasizes rate negotiation, forward locking for margin protection, and multi-currency receiving-and-paying accounts as core execution tools.

There is no evidence that RedFX manages discretionary pools of capital, pooled funds, or separate accounts. Its disclosed activities — currency execution, payment facilitation, multicurrency accounts, and expense-reporting cards — are transaction-services in nature, not discretionary asset management. The firm does not publish an AUM figure.

Kevin Tullett is the founder and appears to be the sole named decision-maker. His background includes an MSc in Finance from Bayes Business School, and institutional roles at Deutsche Bank, Commerzbank, and BGC Partners. No additional portfolio managers, analysts, or trading committee members are disclosed publicly.