Corporate Clients - Foreign Exchange Brokers
As a business you are likely to require overseas payments and transfers at various times. These may be necessary for payment of overseas staff, goods and services, import/export or even for foreign exchange dealing. Listed in the chart below are different foreign exchange brokers. No matter what the size of your company Foreign Exchange Brokers can add value to your business by providing unbeatable exchange rates, and full assistance to ensure that you and your business get the best from the deal. 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 lower overheads.
By using an expert brokerage to deal with your international payments and deals, you can manage your risk exposure to currency fluctuations much more efficiently. It is no secret that the currency market is notoriously volatile, meaning that effective management of risk is essential, especially where corporate funds are concerned. Foreign Exchange brokers offer a variety of currency options, services and products that can protect your business against currency fluctuations. A popular way to protect your business is to hedge your risk and there are different hedging strategies that you might want to consider. You should take the time to find the service that can work best for you and your business.
The firms listed below can offer a separate corporate and private client service, meaning you receive tailored account management that is headed by a highly trained broker, dedicated to your business' needs. Foreign exchange brokers will discuss your business's requirements as soon as you open your corporate account, and will tailor the service to your company's size and capabilities. They will also be able to offer support and advise whenever you need. It is important that you take the time to research and compare the market which you can do so in the table below. Most exchange brokers will be happy to discuss your corporate needs for free without you having to open an account which can be very useful.
Please be aware that the services listed below are best used for larger international transfers and payments (around $3,000 and above). This is because many foreign exchange brokerages can only provide a free service if the transfer amount is higher than a certain amount. If your transfer amount is smaller, you may be charged a flat fee (usually around $10). If you need to send a smaller amount overseas, you should look into using a Money Transfer service for a cheaper alternative. Check out our Money Transfer section for more information.
Compare Corporate Foreign Exchange
If your business wants to send or receive money why not utilise the expertise of a Foreign Exchange Broker who specialises in working with corporate clients.
What is a Foreign Exchange Broker?
Matter what the size of your business of where you want to send money a foreign exchange broker can maximise the value of your company’s overseas money transfer. A foreign exchange broker will take the time to understand your currency exchange requirements. You will be assigned a personal and dedicated currency dealer with your account who you can contact whenever you need.
Add value to your business
If you handle high volumes of deals or payments, a currency exchange broker can save you time and money and fully automate the process. There are many brokers that offer many products to every size of business. From simple spot transactions to sophisticated hedging options, they can help.
Foreign Exchange brokers are experienced dealers who will find the best ways to cover your risk and keep more of your money for you. With a business currency services you can make foreign exchange as simple, secure and low cost as possible for your company.
Get protection against market fluctuations
Foreign Exchange brokers understand that just a small movement in exchange rates can have massive repercussions for your company. If you are involved in any kind of import or export, the constant fluctuations in exchange rates can make a massive different to your bottom line. In extreme circumstances, they could even threaten the survival of your business.
However, by using some of the currency options that brokers offer, your money is protected if the exchange rate moves against you. Furthermore, a currency option allows you to benefit should the rates move in your favour so you are not just protecting your funds but you could also stand to gain from a better exchange rates. of the best ways to ensure you are protected from volatility in the currency markets is to hedge your risk and there are a variety of hedging options available to you.
Finding the right service for you
When deciding on a foreign exchange service make sure you check for any additional or hidden fees. Although many foreign exchange services are free in some cases you may be charged if the amount you wish to transfer is under a certain level.
A great way to find the best service for you is compare them against each other. Use the table above to find a great deal.
What is the cost when using corporate foreign exchange services?
There are minimal fees associated with using a corporate foreign exchange service. Provided that the transfer amount is over a certain level, there will be no transfer fees. Each broker has their own transfer fees level so you should ensure you know what this level is before you sign up. Typically, the transfer amount will be over the amount of $5000.
21 October 2013
Which Way To Pay
For the transfer abroad of large sums TorFx Foreign Exchange brokers will offer a much better exchange rate than you will get at any bank
07 September 2012 17:00
Which Way to Pay
If you are looking to transfer money internationally between accounts a money transfer is the best way of doing this and is also a reliable, convenient and secure method.
30 May 2012 16:00
Many people in New Zealand would go to their banks first when looking into currency exchange but you are unlikely to get the most for your money.
16 March 2012 06:00am
People all over New Zealand are realising the benefits of using online money transfer services to send money instantly because you can be offered some of the best exchange rates available.
02 September 2011
Which Way to Pay
Many people are cottoning on to benefits of using online money transfer services to send money instantly whilst achieving the best exchange rates available. If you’re working abroad or needing to send money to loved ones in foreign countries, money transfer services facilitate fast and effective cash transfer at competitive rates so you are never left high and dry!