Magna Financial

Money & Insurance
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642 reviews
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Customer Reviews about

Magna Financial

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Consumer

1.00/5.00

"AVOID AT ALL COSTS.."

My Mother used them to buy a house in Spain. I was harassed weekly by Osman to transfer with them and then when I asked for a better rate he tried to baffle me with currency speak!! We were told by Osman it would cost around £800..well it cost them nearly £3000!!!! Went to the FCA but as they used old currency it couldn’t be proven!!!! Will NEVER recommend them!!!!!

24/01/2025

michaela Bennett

1.00/5.00

"Had to get refund from FCA"

We used Magna Financial for a currency exchange in Sept 2023 to Jan 2024.
We were hugely ripped off £5210. Told lie after lie, no explanations, no proof where these misding funds went.
After a long struggle involving The Financial Conduct Authority (FCA) we finally got the money refunded after a year. Extremely stressful time. While holding our funds O Hanif told us when challenged " I will let bank keep your money". Absolutely awful company avoid avoid avoid.

22/01/2025

Ian Short

5.00/5.00

"A great big thank you to Saeed and the…"

A great big thank you to Saeed and the team at Magna Financial. We have just sold our apartment on Lanzarote and Saeed was brilliant with his advice and guidance when leading us through the tricky business of money exchange. His professional yet friendly approach was much appreciated and we would strongly recommend Saeed and the team if you are thinking of engaging with them. Many thanks Ian + Sue Short

20/01/2025

steven smith

5.00/5.00

"Great company "

It’s a strange feeling transferring your life savings to a company you’ve never dealt with before and someone you’ve never met. However, magna financial came with great recommendations from our Spanish mortgage broker. They offered great rates and personal service. I am pleased to report that they delivered excellently on both counts. Their response rate to calls emails & WhatsApp was exemplary and the ease of using their system was remarkable. I’ve have had lots of problems with banks in the past but Magna cut all that out completely. I would happily recommend this company to anyone and will definitely be using them again in the future. Thanks to Osman & the team.

20/01/2025

Michelle

5.00/5.00

"Efficient and fast service"

Efficient and fast service. This was the first time I have needed to exchange foreign currency and transfer Euros to a solicitor in Spain. The process was explained to me clearly and the deadline was met.

14/01/2025

Debbie

5.00/5.00

"We have used Magna Financial quite a…"

We have used Magna Financial quite a few times and found their service brilliant, quick, reliable and the staff have been more than helpful ( thanks Magna )
Would recommend Magna any time.

12/12/2024

Russell James

5.00/5.00

"Really great advice and competitive…"

Really great advice and competitive rates. It can be a bit daunting transferring such large sums of money, but Magna Financial were very supportive and professional. Would highly recommend them.

09/12/2024

Haroon Raja

5.00/5.00

"Saeed has been of a great help from the…"

Saeed has been of a great help from the beginning to the end of the whole process. Very professional, proactive and certainly delivered what has been discussed, His overall market knowledge is extensive and will give you the advise one is looking for international transactions. Thanks Saeed

06/12/2024

Justin

5.00/5.00

"Excellent service, friendly and professional "

Although Magna Financial had come recommended via a known source, I still did my background checks on them as they would be handling a large amount of my money for a property purchase abroad, and they checked out excellently in all areas.
Saeed Abbasssi was friendly, professional and extremely helpful right from the word go.
He called back exactly when he said he would, kept me informed on what the market was doing, but most importantly for me, understood my concerns about transferring large sums of money across to a third party, and gave excellent communication throughout the whole process.
That and the fact that his rate was more competitive than the other financial organisations I was dealing with meant I saved money with Magna Financial as well.
All in all I would highly recommend Saeed and Magna Financial, and indeed I have already done so to my friends who will be needing foreign exchange in the future.
Great service. Thank you.

02/12/2024

bob Darkins

5.00/5.00

"If like me you get anxious when…"

If like me you get anxious when exchanging Sterling into Euro's to an account overseas. Magna will put your mind at ease. The staff are friendly, knowledgeable and very polite, more importantly explain every aspect of the transaction to you. My calls were answered immediately by a human being not a robotic voice, and if they have to call you back they do. I was very impressed.
I would use them again and sincerely recommend them to

28/11/2024
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