Private Clients - Foreign Exchange Brokers

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Please see a comparison of some of the top Canadian Currency Exchange brokerage firms below. These foreign exchange firms are experts in the field of foreign currency and can offer excellent exchange rates and a professional service. The rates currency exchange brokers offer are far superior to those offered at regular banks and financial institutions. This is due to their high volume of international currency trade and low overheads. In addition, foreign exchange brokers provide a specialist service in dealing with foreign currency while most banks offer a wider range of products and services. Whatever your currency exchange needs you will be able to find a service that is tailor made to suit you.

Foreign exchange brokers may handle large quantities of global currency on a daily scale but they offer the same level of speed and excellence to all of their customers – whether private or corporate. Setting up an account is free of charge but make sure you intend to make larger transfers as smaller amounts of money usually incur a fee. Your personal foreign exchange trader will be on hand via the phone or email and will quote the latest foreign exchange rate. The exchange rates will change daily so keep checking them to help you get the most for your money.

Use the chart below to help you find a variety of different exchange brokers. You can compare important factors of different foreign exchange services, including whether any fees apply, what is the latest currency exchange rate offered, transfer speed and whether there are any requirements. A foreign exchange broker service can offer you the best possible exchange rates, far better than if you were to go to your bank. You will notice that the foreign exchange rates are updated on a daily basis so keep your eye on those. Most foreign currency brokers offer hedging services to help you manage your exposure to the fluctuation of exchange rates. This will help protect your money.

The foreign exchange firms listed below are best used for large international currency transfers of around $3,000 and above. Most foreign exchange brokers will be able to carry out the transfer without any additional fees or commission. For smaller transfers they may charge a flat fee (usually around $10). You might want to consider using a Money Transfer Services for smaller transfers (see the Money Transfer area).

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COMPANYEST

EST

When company was established

SPREAD

SPREAD

The spread is the amount of pips between the bidding price and the asking price

FEES

FEES

Foreign exchange broker fee

TRANSFER METHODS

TRANSFER METHODS

Types of transfer available

MIN

MIN

Minimum transfer

CCY

CCY

Currency

TRUST ACCOUNTS

TRUST ACCOUNTS

A secure account in which a bank holds funds for money transfer

MORE INFO

Currencies Direct
Currencies Direct

1996
FINTRAC M08690900
0.2-1% based on volume$0 above $5,000UK Bank to Foreign Bank or vice versa$1,00038

Currencies

1. United Arab Emirates, Dirhams AED AED
2. Australia, Dollars AUD AUD
3. Bulgarian Lev BGL BGL
4. Canada, Dollars CAD CAD
5. Switzerland, Francs CHF CHF
6. Czech Republic, Koruny CZK CZK
7. Denmark, Kroner DKK DKK
8. Euro Member Countries, Euro EUR EUR
9. United Kingdom, Pounds GBP GBP
10. Hong Kong, Dollars HKD HKD
11. Hungary, Forint HUF HUF
12. Indonesian rupiah IDR IDR
13. Israel, New Shekels ILS ILS
14. India, Rupees INR INR
15. Japan, Yen JPY JPY
16. Kuwaiti dinar KWD KWD
17. Morocco, Dirhams MAD MAD 
18. Mauritius, Rupees MUR MUR
19. Norway, Krone NOK NOK
20. New Zealand, Dollars NZD NZD
21. Oman, Rials OMR OMR
22. Pakistan, Rupees PLZ PLZ
23. Qatar, Rials QAR QAR
24. Romanian lei RON RON
25. Saudi Arabia, Riyals SAR SAR
26. Sweden, Kronor SEK SEK
27. Singapore, Dollars SGD SGD
28. Slovakia, Koruny SKK SKK
29. Thailand, Baht THB THB
30. Tunisia, Dinars TND TND
31. United States of America, Dollars USD USD
32. South Africa, Rand ZAR ZAR

HSBC Trust AccountsCurrencies Direct
Currencies Direct is one of Europe's largest foreign exchange specialists. When you make private international payments you can benefit from their expertise in seeking the best possible rate, whether you are sending or receiving foreign currency. Currencies Direct help to protect you from exchange rate fluctuations and save you time and money on international payments. Whether you need to make a one-off payment immediately or require regular transfers to a bank abroad, they have the service available to meet your needs. DETAIL INFORMATION >>Services

Services

1. Regular Payments.
2. Forward Contacts.
3. Spot Contracts.
4. Stop Loss Orders.
5. Limit Orders.


Advantages

Advantages

1. Free to open an account which can be ready to trade within hours
2. Guarantee the rate you receive is within 0.2%-1% of the live interbank spot rate.
3. Can generate a cost saving of between 0.5% to 4% when compared to a high street bank.
4. Currencies Direct charges no commission and no transaction costs
5. All client funds are secure as they are held in segregated client accounts by banking partner HSBC


Disadvantages

Disadvantages

1. You will undergo an ID check as part of the account opening process which for non-UK residents will require additional identification documents to be submitted.

International Foreign Exchange
International Foreign Exchange

2005
FCA 504007
0.1-0.9% based on volume$0 above $1,000UK bank to foreign bank or vice versa$1,00050

Currencies

1. Bahrain BHD Dinars.
2. Botswana BWP Pulas.
3. Bulgaria BGN Leva.
4. Croatia HRK Kuna.
5. Czech Republic CZK Koruny.
6. Ecuador USD US Dollar.
7. Egypt EGP Pound.
8. Estonia EEK Krooni.
9. Euro EUR.
10. Fiji FJD Dollars.
11. Ghana GHS Cedi.
12. Hong Kong HKD Hong Kong Dollar.
13. Hungary HUF Forints.
14. India INR Rupee.
15. Israel ILS New Shekels.
16. Jordan JOD Dinars.
17. Kazakhstan KZT Tenge.
18. Kenya KES Shilling.
19. Kuwait KWD Dinars.
20. Latvia LVL Lati.
21. Lesotho LSL Maloti.
22. Lithuania LTL Litai.
23. Madagascar MGA Ariary.
24. Malawi MWK Kwacha.
25. Mexico MXN Pesos.
26. Morocco MAD Dirhams.
27. Nigeria NGN Nairas.
28. Oman OMR Rials.
29. Pakistan PKR Rupee.
30. Philippines PHP Peso.
31. Poland PLN Zloty.
32. Qatar QAR Rials.
33. Romania RON New Lei.
34. Russia RUB Rubles.
35. Saudi Arabia SAR Riyals.
36. Serbia RSD Dinars.
37. Singapore SGD Dollars.
38. Slovakia SKK Koruny.
39. South Africa ZAR Rand.
40. Sri Lanka LKR Rupee.
41. Switzerland CHF Swiss Franc.
42. Tanzania TZS Shilling.
43. Thailand THB Baht.
44. Tunisia TND Dinars.
45. Turkey TRY New Lira.
46. UAE AED Dirhams.
47. USD USD Dollars.
48. Uganda UGX New Shilling.
49. Zambia ZMK Kwacha.
50. Zimbabwe ZWD Zimbabwe Dollars.

BARCLAYS Trust AccountsInternational Foreign Exchange
International Foreign Exchange (IFX) is a leading FSA regulated currency exchange specialist providing expert and highly cost-effective foreign exchange and money transfer services, helping its clients reduce the risk from currency fluctuations. IFX can help minimise the risk associated with foreign exchange transactions, provide peace of mind and save you money. All IFX private clients are assigned a dedicated account manager who will take the time to fully understand your requirements and concerns. DETAIL INFORMATION >>Services

Services

1. Regular Payments.
2. Forward Contract.
3. Spot Contracts.
4. Limit Orders.
5. Stop Loss.


Advantages

Advantages

1. Your own dedicated consultant
2. Provide the strategies that will give you the most appropriate solution for your needs, with the least cost, stress and inconvenience.
3. Access to wholesale exchange rates not offered by your regular bank
4. No additional fees
5. Fixed margin between 0.1%-0.9% depending on size of transaction.
6. Prepaid currency card available to all IFX customers.
7. Free registration with no obligation to trade.
8. Able to offer no receiving bank charges
9. All client funds are held in a segregated account with our banking partner Barclays.
10. Daily market reports available on request.


Disadvantages

Disadvantages

1. Longer registration process to non UK residents.

Moneycorp
Moneycorp

1979
FCA 308919
0.25% - 1% based on volume$0 above $5,000International Transfers$5,00076

Currencies

1. Australia AUD Australian Dollar
2. Bahamas BSD Bahamas Dollar
3. Bahrain BHD Bahrain Dinar
4. Barbados BBD Barbados Dollar
5. Belize BZD Belize Dollar
6. Bermuda BMD Bermudian Dollar
7. Botswana BWP Botswana Pula
8. Brazil BRL Brazilian Real
9. Brunei BND Brunei Dollar
10. Canada CAD Canadian Dollar
11. Cayman Islands KYD Cayman Dollar
12. Croatia HRk Croatian Kuna
13. Cyprus CYP Cyprus Pounds
14. Czech Republic CZK Czech Republic Koruna
15. Denmark DKK Danish Kroner
16. East Caribbean XCD East Caribbean Dollar
17. Estonia EEK Estonia Kroon
18. Eurozone Countries EUR Euro
19. Fiji FJD Fiji Dollar
20. Guyana GYD Guyana Dollar
21. Hone Kong HKD Hong Kong Dollar
22. Hungary HUF Hungarian Forint
23. Iceland ISK Icelandic Krona
24. Israel ILS Israeli Shekel
25. Jamaica JMD Jamaican Dollar
26. Japan JPY Japanese Yen
27. Jordan JOD Jordanian Dinar
28. Kenya KES Kenyan Shilling
29. Kuwaiti KWD Kuwaiti Dinar
30. Latvia LVL Latvian Lats
31. Lithuania LTL Lithuanian Litas
32. Maltese MTL Maltese Lira
33. Mauritius MUR Mauritius Rupee
34. Mexico MXN Mexican Peso
35. Morocco MAD Moroccan Dirham
36. Namibia NAD Namibia Dollar
37. Netherlands ANG Nethln Antil Guilders
38. New Zealand NZD New Zealand Dollar
39. Norway NNOK Norwegian Kroner
40. Oman OMR Omani Rial
41. Peru PEN Peruvian Nuevo Sol
42. Poland PLN Polish Zloty
43. Qatar QAR Qatar Riyal
44. Romania RON Romanian Lei
45. Saudi Arabia SAR Saudi Arabian Riyal
46. Singapore SGD Singapore Dollar
47. Slovakia SKK Slovakia Koruna
48. South Africa ZAR South African Rand
49. Sweden SEK Swedish Krona
50. Switzerland CHF Swiss Franc
51. Thailand THB Thai Baht
52. Trinidad TTD Trinidad & Tobago Dollar
53. Tunisia TND Tunisian Dinar
54. Turkey TRY Turkish Lira
55. United Arab Emirates AED UAE Dirham
56. United States USD Us Dollar
57. Uruguay UYP Uruguay Peso Currencies Moneycorp Only Sell
58. Algeria DZD Algerian Dinar
59. Egypt EGP Egyptian Pound
60. Ghana GHC Ghana Cedi
61. India INR Indian Rupee
62. Indonesia IDR Indonesian Rupiah
63. Kazakhstan KZT Kazakhstan Tenge
64. Malawi MWK Malawi Kwacha
65. Mazau PatacaMOP Macau Pataca
66. Nepalese NPR Nepalese Rupee
67. Nigeria NGN Nigerian Naira
68. Papua New Guinea PGK Papua New Guinea Kinar
69. Parkistan PKR Pakistani Rupee
70. Philippine Peso PHP Philippine Peso
71. Russia RUB Russian Ruble
72. Seychelles SCR Seychelles Rupee
73. Sri Lanka LKR Sri Lankan Rupee
74. Tanzania TZS Tanzanian Shilling
75. Uganda UGX Ugandan Shilling
76. Zambia ZMK Zambian Kwacha

HSBC Trust AccountsMoneycorp
Moneycorp is a foreign exchange and international payments specialist offering a quick, secure and cost-effective service. If you need to send money as a one-off payment for any reason – such as buying a property abroad– Moneycorp can help. They will monitor the currency markets on your behalf – achieving the best possible rates of foreign exchange, no matter how complex your requirements. Moneycorp offer better rates of exchange than a bank typically up to 3-4% and they offer free information and guidance on the markets. DETAIL INFORMATION >>Services

Services

1. Regular Payments.
2. Forward Contacts.
3. Spot Contracts.
4. Stop Loss Orders.
5. Limit Orders.
6. Hedging strategies.
7. Currency Options.


Advantages

Advantages

1. The best exchange rate available, saving you money.
2. They can fix an exchange rate that will be valid up to two years
3. Extended trading hours: 7:30am to 10:30pm Monday to Friday and 10:00am to 4:00pm on Saturdays.
4. No commission charges or receiving bank fees to pay
5.  A member of SWIFT (Society for World-wide Interbank Financial Telecommunications), the global platform for instant wiring of domestic and international money transfers. This provides you with increased speed and efficiency as well as more control over your transfers. 6. There is no cost and no obligation in opening a Trading Facility.
7. They can tailor their services to meet any foreign exchange requirement.


Disadvantages

Disadvantages

1. Minimum volume is $5000 on one off transfers.

TorFX
TorFX

2004
FCA 517320
0% Max$0TT / CHAPS / BACS$40068

Currencies

1.UAE AED Arab Emirate Dirham
2.Australia AUD Australian Dollar
3.Canada CAD Canadian Dollar
4.Switzerland CHF Swiss Franc
5.Czech Republic CZK Czech Koruna
6.Denmark DKK Danish Krone
7.Egypt EGP Egyptian Pound
8.Europe EUR Euro
9.UK GBP Sterling
10.Hong Kong HKD Hong Kong Dollar
11.Hungary HUF Hungarian Forint
12.Israel ILS Israeli Shekel
13.India INR Indian Rupee
14.Japan JPY Japanese Yen
15.Morocco MAD Moroccan Dirham
16.Norway NOK Norwegian Krone
17.New Zealand NZD New Zealand Dollar
18.Poland PLN Polish Zloty
19.Saudi Arabia SAR Saudi Arabian Riyal
20.Sweden SEK Swedish Krone
21.Singapore SGD Singapore Dollar
22.Thailand THB Thailand Baht
23.Turkey TRY New Turkish Lira
24.USA USD US Dollar
25.South Africa ZAR South African Rand
26.Netherlands ANG Antilles Guilder
27.Barbados BBD Barbados Dollar
28.Bahrain BHD Bahrain Dinar
29.Bahamas BSD Bahamas Dollar
30.Botswana Botswana Pula
31.Belize BZD Belize Dollar
32.Dominican Republic DOP Dominican Rep Peso
33.Estonia EEK Estonia Krone
34.Fiji FJD Fiji Dollar
35.Ghana GHC Ghana Cedi
36.Croatia HRK Croatian Kuna
37.Indonesia IDR Indonesia Rupiah
38.Iceland ISK Icelandic Krona
39.Jamaica JMD Jamaican Dollar
40.Jordan JOD Jordanian Dinar
41.Kenya KES Kenyan Shilling
42.South Korea KRW South Korean Won
43.Kuwait KWD Kuwait Dinar
44.Cayman islands KYD Cayman Island Dollar
45.Sri Lanka LKR Sri Lankan Rupee
46.Lesotho LSL Lesotho Loti
47.Lithuania LTL Lithuanian Litas
48.Latvia LVL Latvian Lev
49.Mauritius MUR Mauritius Rupee
50.Malawi MWK Malawi Kwacha
51.Mexico MXN Mexican New Peso
52.Malaysia MYR Malaysia Ringgit
53.Oman OMR Omani Rial
54.Phillipines PHP Phillipine Peso
55.Quatar QAR Qatar Rial
56.Russia RUB Russian Ruble
57.Romania RON Roomanian Lei
58.Slovakia SKK Slovak Crown
59.Swaziland SZL Swaziland Lilangeni
60.Tunisia TND Tunisian Dinar
61.Trinidad TTD Trinidad & Tobago Dollar
62.Tanzania TZS Tanzanian Shilling
63.Taiwan TWD Taiwan Dollar
64.Uganda UGX Uganda Shilling
65.Vanuaro VUV Vanuatu Vatu
66.East Carribean XCD East Caribbean Dollar
67.Zambia ZMK Zambian Kwacha
68.Zimbabwe ZWD Zimbabwe Dollar

BARCLAYS Trust AccountsTorFX
TorFX provides individuals and companies with money saving currency exchange services. They offer competitive exchange rates for international money transfers and an unrivalled personal service to anyone with a currency exchange requirement. Whether you are buying or selling an overseas property, emigrating, repatriating, making/receiving a payment or are involved in any other kind of financial exchange, TorFX can save you money. Whatever the size of your transaction, they will help you get the best possible exchange rate. DETAIL INFORMATION >>Services

Services

Same Day Spot Contracts, Forwards, Stop/Limit Orders
Key Facts

1. In 2007 TorFX transacted over $500 million in foreign exchange.
2. Hundreds of UK companies use TorFX for currency transactions and advice.
3. Member of the Association of International Property Professionals.
4. Regulated by HM Revenue & Customs.
5. Segregated client accounts held with Barclays Bank Plc.


Advantages

Advantages

1. Save Money - Many individuals and businesses still use their bank for foreign exchange transactions, resulting in poor exchange rates, a lack of personal service, and a "one size fits all" approach. Due to our established relationships in the "inter-bank" foreign exchange market, TorFX is able to offer wholesale rates of exchange on transactions over £5,000. The average saving made by our clients on a transaction of £100,000, is 1.9%, or £1,900.
2. Avoid Exchange Rate Fluctuations - Because exchange rates change by the second it would be almost impossible to forecast exactly what the rate would be when your transaction is processed. You may have negotiated the best price for your purchase, but it could easily be offset by a slight change in the exchange rate. TorFX can fix the exchange rate for you for up to two years which will protect you from future rate movements, helping you stick to your budget!
3. Market Expertise - Senior dealing staff are drawn from financial market and banking backgrounds, bringing extensive knowledge of the foreign exchange markets. With MSTA qualified currency analysts on hand to discuss your transaction, and keep you informed, you can be sure that you will receive the information you need in a professional and timely manner.
4. Excellent Services - In addition to providing you with a preferential exchange rate, TorFX also offer a variety of dealing mechanisms to help you optimize your transaction. Forward contracts, limit orders and stop orders are excellent ways of ensuring that you get the most currency for your money. Our free market analysis could also give you the edge you need to secure a better rate.
5. Security of Funds - TorFX is regulated by HM Revenue&Customs (no: 12191606), and is a member of the UK Money Transmitters Association. All client funds are held in client segregated accounts with our banking partner, Barclays Bank PLC.
6. Personal Service - Each client is allocated their own personal account manager who will guide them through every stage of their foreign currency transaction. Our friendly dealers will keep you informed as often as you wish, by email or telephone, and will do everything possible to help you get the most from your transaction. We pride ourselves on going the extra mile, because unlike the "one size fits all" approach of the high street banks, we believe that our customers deserve a high level of service when making large currency transfers.
7. No Commission
8. Fast International Transfers - TorFX will send your currency to its destination free of charge, by TT/CHAPS. We can pay your solicitor, vendor, notary or supplier direct, saving you time and money. Our same day international payments are fast, reliable and free*. We can also provide you with an internationally recognised payment confirmation as soon as your currency has been sent.
9. Free Account Opening Facilities - Opening an account is free of charge, there is no obligation to trade, and you will not be charged any administration charges for maintaining your account.
10. No Obligation Quotations - You can get instant dealing quotes from your account manager by telephone or email. The bank will often refuse to give a live quote, or will not inform you of your exchange rate until later. Even worse, they may offer you the "tourist" rate of exchange, whereas on a large transaction, you should be offered a far better quote. TorFX provide live, transparent quotes based on the amount of currency you are sending, so you truly know where you stand, and can budget accordingly.


Disadvantages

Disadvantages

1. Amounts under $5000 will incur a transfer fee.
2. Longer account set up process if not residing in the UK.

VFX Financial PLC
VFX Financial PLC

2001
FCA 185223
0.1-1% based on currency, volatility and size$0 above $2,500Bank Account to Bank Account$2,50034

Currencies

1.Europe Eur Euro 
2.UK GBP British Pound
3.USA USD United States Dollar
4.South Africa ZAR South African Rand
5.UAE AED UAE Dirham
6.Australia AUD Australian Dollar 
7.Bahrain BHD Bahrain Dollar 
8.Bulgaria BGN Bulgarian Lev 
9.Canada CAD Canadian Dollar 
10.Switzerland CHF Swiss Franc 
12.Czech Republic CZK Czech Koruna
13.Denmark DKK Danish Kroner
14.Hong Kong HKD Hong Kong Dollar
15.Hungary HUF Hungarian Forint
16.Israel ILS Israeli Shekel
17.India INR Indian Rupee
18.Iceland ISK Icelandic Krona
19.Japan JPY Japanese Yen
20.Morocco MAD Moroccan Dirham 
21.Norway NOK Norwegian Kroner
22.New Zealand NZD New Zealand Dollar
23.Oman OMR Omani Rial
24.Poland PLN Polish Zloty
25.Sweden SEK Swedish Krona
26.Singapore SGD Singapore Dollar
27.Thailand THB Thai Baht
28.Turkey TRY Turkish Lira
29.Malta MTL Maltese Lira
30.Slovenia SIT Slovenian Tolar
31.Estonia EEK Estonian Kroon
32.Mexico MXN Mexican Peso
33.Mauritius MUR Mauritian Rupee
34.Tunisia TAD Tunisian Dinar
35.Quatar QAR Quatar Riyal

RBS Trust AccountsVFX Financial PLC
VFX is a leading money transfer and foreign exchange broker, helping their clients transfer their foreign exchange efficiently and safely. Whether a business managing its exposure, an individual buying a home overseas, families emigrating to a new country or simply wanting to transfer your money abroad VFX can help you. VFX will provide you with a level of services that is both personal and transparent throughout, while supporting you with the best technology, competitive exchange rates and peace of mind that your money is safe. DETAIL INFORMATION >>Services

Services

1. Regular Payments.
2. Forward Contacts.
3. Spot Contracts.
4. Stop Loss Orders.
5. Limit Orders.


Advantages

Advantages

1. Open an account online free of charge with no obligation to trade
2. Free transfers and no commission charges
3. Purchase and make transfers online
4. Transfer confirmations emailed directly to you
5. Highly competitive exchange rates
6. Regulated by the Financial Services Authority (FSA).


Disadvantages

Disadvantages

1. £2,500 minimum trade

World First
World First

2005
FCA 502759
0.1% - 0.7% from interbank variable on volume$0 above $5,000Australia bank to foreign bank or vice versa$25052

Currencies

AED, AUD, BBD, BGN, BHD, BWP, CAD, CHF, CNH, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HRK, HUF, ILS, INR, ISK, JMD, JOD, JPY, KES, KWD, LKR, LTL, MAD, MUR, MXN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, TZS, USD XCD, ZAR.

CITI Trust AccountsWorld First
World First is the award-winning currency exchange company that makes transferring money overseas faster, cheaper and easier. They offer excellent exchange rates, great customer service and are FCA regulated. They won the 2015 Sunday Times HSBC International Track 200, 2014 European Business Award for Customer Focus and the 2013 Customer Experience Award (Financial Services – Banking and Investment). World First takes the safety and security of your money very seriously. They're FCA authorised and keep all client funds segregated from business funds in line with the regulations. They're totally transparent at every step of the way. DETAIL INFORMATION >>Services

Services

1. Regular Payments.
2. Forward Contacts.
3. Spot Contracts.
4. Stop Loss Orders.
5. Limit Orders.
6. Hedging strategies.
7. Currency Options.
 
Orders Available Stop Loss Order: A stop loss order is a means of limiting your risk from adverse exchange rates. A currency level is set. If that currency level is reached, the trade is automatically executed in the market. The currency level used for a stop loss order is always worse than the current market price. This is a way to protect yourself from adverse changes in exchange rates without needing to constantly monitor the rate.
 
Take Profit Order: Like a stop loss order, a take profit order first involves setting a currency level. Once that currency level is reached, the trade is executed in the market. The currency level used for a take profit order is always better than the current market price. This is a way to capitalise on improvements in exchange rates without needing to constantly monitor the rate.
 
OCO - "One Cancels Other": A combination of a 'Stop Loss' order and a 'Take Profit' order. When one of these two orders is executed, the other order is automatically cancelled. Order: You can leave an "order" with us to transact on your behalf if a particular exchange rate is reached.
 
GTC - Good Till Cancelled: A GTC foreign exchange order will be left in the market until executed or cancelled by you.


Advantages

Advantages

1.Margin 0.25%-1.5% from spot rate guaranteed dependant on size and frequency
2. Compared with banks, their rates can usually save you between 0.5% and 3% of the amount transacted.
3. We keep you in touch with the status of your transfer and notify you at every stage of the process.
4. We can offer you forward contracts and other hedging options to protect you from currency movements and to fix the exchange rate for a transaction up to 3 years in the future.
5. Minimum one-off transfer £250 or sterling equivalent..
6. Minimum regular transfer £250.
7. No commission and no transfer fees for amounts over £250 or sterling equivalent.


Disadvantages

Disadvantages

1. ID / company check as part of the account opening process for both private and corporate clients respectively.
2. Your bank may charge you to transfer your funds to them.

If you wish to speak to someone: Contact Us

Compare Foreign Exchange Brokers To Transfer Money Abroad

The Cheapest Way To Send Money Abroad With An International Money Transfer!

What is a Private Foreign Exchange Broker?

If you are looking to transfer money abroad then it is worth speaking to a foreign exchange specialist. You will be able to get access to the best exchange rates possible. A foreign exchange specialist can provide you with a foreign exchange broker who can help you make both one off payments immediately or regular payments at different times. A foreign exchange specialist will have a good knowledge of the foreign exchange market and will be able to explain the international money transfer process to you in great detail. They can also offer support and advice when you need.

What are the advantages of foreign exchange brokers when transferring money abroad?

With a foreign exchange broker you will be offered a personalised service which will ensure that every part of your international money transfer is thoroughly explained to you and the best will be done to suit your foreign exchange needs. Whether you want to send money to Europe or you want to transfer money to the US a foreign exchange broker is likely to be your best option. You may want to make a one off payment to an individual or company overseas or you may want to make regular mortgage payments. Whatever your money transfer needs a foreign exchange specialist will be able to help you with an international money transfer and provide a professional and personalised service designed to suit your specific currency exchange needs.

Single or Multiple International Money Transfer Opportunities

An individual payment is known as a spot transaction and for transfers of over $5000 there is usually no fee. A foreign exchange dealer will speak to you personally and once you agree a rate which will be fixed the international money transfer can be processed. The foreign exchange specialist will then ensure that your transfer is paid to the beneficiary. If you want to send money overseas on a regular basis you can set up a regular payment plan so that everything will be arranged time a payment is made so that you don’t even have to think about it.

Forward contracts for your money transfer needs

Forward contracts can also be extremely helpful if you are making a large value purchase in another currency you want to know exactly what that transaction is going to cost you. A forward contract allows you to fix a rate today for a payment you are going to make in the future. It is a great tool when you are making payments on expensive goods over a period of time. A forward contract can offer you valuable certainty in an ever changing market. It is really important that you take the time to compare different foreign exchange brokers.

Comparing foreign exchange brokers?

Thousands of Canadians have the need to send and receive money from all over the world on a regular basis. There are a variety of ways to do this with a vast choice of providers to choose from. When researching which provider is right for you remember to check the terms and conditions, fees and charges and any restrictions before you commit to a particular provider.

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Getting the best foreign exchange rates is vital when sending money to an overseas bank account – which is why it is important to know where to get them from! Many people automatically go downtown to their regular bank, but this is by no means the most cost-effective way to go!

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