Corporate Clients - Foreign Exchange Brokers

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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.

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COMPANYEST

EST

When company was established

CREDIT RATING

CREDIT RATING

Company credit rating

SPREAD EXPLAINED

SPREAD EXPLAINED

The spread is what forex brokers use to make money on every forex trade placed through their network

SPOT

SPOT

An agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date

FORWARD

FORWARD

To exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date

OPTIONS

OPTIONS

The right to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date

HEDGING

HEDGING

Currency hedging mitigates the risk of loss through currency movements using a specific investment structure

CCY

CCY

Currencies available

BANKS

BANKS

Which banks used for trust accounts

TRANSFER METHODS

TRANSFER METHODS

Types of transfer available

MORE INFO

World First Corporate Services
World

2005
ASIC - AFS 302061
3A1 D&B Rating0.1% - 0.7%Yes

Spot Transactions

A spot transaction is the exchange of one currency for another at a specified rate for settlement in two working days. There are no associated costs with spot transactions. If you transfer funds via CHAPS you may be charged a fee, this depends on your agreement with your bank.

Yes

Forwards

World First will make a payment to your requested bank account on the agreed forward date, as long as World First has received your funds. You can fix a forward exchange rate for any period from 3 days up to 1 year in advance. A deposit of between 3% - 10% of the amount of the deal is required for a forward contract. This must be received within 3 days of the forward contract being agreed. In order to guarantee delivery of funds on the settlement date, it is recommended that you settle the outstanding balance on the contract 2 working days before the contract is due to settle. This type of contract is ideal if you want to fix a rate now, but will not be making immediate payment. e.g. fixing a pound sterling to euro exchange rate today for transfer on a future date.
Flexible Forward Contract
Also known as a "time option", this type of contract is similar to a forward contract but allows you to make and receive the pre-agreed payments early if required. This type of contract is ideal if you know you need to purchase a foreign currency, wish to fix the exchange rate now but are not sure of the exact settlement date.

Yes

Options

A vanilla option provides the right but not the obligation to buy a currency on a pre-determined forward date at a guaranteed worst case rate. It also allows you to benefit from any favourable exchange rate move for 100% of the amount (in return for an upfront premium).

Yes

Hedging Services

World First Markets Ltd offers a range of hedging strategies (currency options) to enable you to manage exchange rate fluctuations. These strategies are tailored to fit your exposure, currency forecast and risk level. They usually enable you to protect yourself from adverse rate movements but benefit from favourable exchange rate moves.
The three most widely used strategies are:
A vanilla option provides the right but not the obligation to buy a currency on a pre-determined forward date at a guaranteed worst case rate. It also allows you to benefit from any favourable exchange rate move for 100% of the amount (in return for an upfront premium).
Participating forward: this provides a guaranteed worst case rate for the full transaction amount, like a forward contract. However it also provides the ability to ‘participate’ for 50% of the amount in any favourable exchange rate move.
Risk reversal: this provides the ability to fix a worst case rate for a currency purchase, like a forward contract. However you can benefit 100% in any favourable move up to a pre-determined best case exchange rate. There is a reduced premium for this option.

52

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.

Banking

Banking Facilities

GBP accounts with: Barclays, HSBC, Citi and RBS
EUR accounts with:
Barclays Spain / France / London
Citi London
Bank of Ireland London / Belfast

Australia bank to foreign bank or vice versaWorld First Corporate Services
Whatever your foreign exchange needs, World First is the UK's leading foreign exchange broker, offering private individuals & companies the ability to achieve significantly better currency exchange rates with exceptional service levels. With headquarters in London and offices in Australia, Hong Kong, Singapore and The USA. World First was the first foreign exchange broker FSA authorised to offer 'currency options' (hedging strategies). World First promise the best exchange rates, and an exceptional service that is fast, easy and secure. They can offer rates that are better than the banks because they take a smaller margin. World First is a large, safe organisation that offer the highest level of personal service. 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. Spread margin .75% maximum from the interbank spot rate.
2. Potentially when compared to transferring via a traditional bank, we can save clients up to 3% of the transaction amount. That is $3,000, per $100,000 transferred.
3. Our online application process is simple and painless.
4. We do not charge any transaction fees.
5. We keep clients well informed of the progress of their transaction at all times.
6. Clients can leave orders with us to target a specific exchange rate. Unlike a bank, we will watch orders of very small amounts.
7. We are proudly Australasian based and independently owned and operated. We are specialists in the antipodean currencies.
8. Our weekly FX commentary is written in plain and easy to understand language. It gives a broad market overview and covers 13 different currency pairs that are of interest to our clients. We encourage clients to offer it to anyone with an overall interest in the financial markets. You do not have to be a client to enjoy this great commentary.
9. We are able to offer you in depth market knowledge. Our dealers have over 200 years experience between them, and facilitate over 140 billion USD worth of foreign exchange per annum.
10. We offer a more intimate service than many provides. We are not a global behemoth, or a bank in sheep’s clothing that does not appreciate your business. Our aim is to make clients feel comfortable when making transactions by clear and transparent pricing, great market information and the easy going nature of our dealers. Our ever growing list of testimonials, speak for themselves. Keep it local.


Disadvantages

Disadvantages

1. We will need to undertake an 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 us, although the saving you will receive from using us will more than negate this.

Financial Advisory

Financial Advisory

World First Advisory Services will make sure your foreign exchange providers are giving you the right information, charging you a fair and competitive price and enabling you to get the most out of your foreign exchange requirements. Most importantly, our experts are totally independent from any dealing desk. Their sole purpose is to give you clear and transparent information that benefits you.
World First’s Advisory Services have put together a variety of options to suit your needs. These can delivered as standalone services or grouped as a package.
Price Check – ensure the rates you are receiving for your spot, forward and options contracts are competitive and fair. This service costs £250-£500 per month.
Economic Advice – concise interpretation of the constant stream of market information and data tailored to suit your currency needs. This service costs £250-£500 per month.
Hedging Advice – unbiased, independent advice on hedging contracts taking into account factors such as your risk appetite, suitability for purpose and fit with your strategy. We will also check the level of profit made inside each deal is competitive. This service costs £500-£750 per month.
Advisory Services gives you access to one of the most experienced currency options teams in the UK. The two key features of our service are:
1. Open pricing policy – you pay for what you need
2. No minimum sign-up period


Online Trading

Online Trading

World First’s online platform Xchange allows you to manage all your foreign exchange transactions and payments. This platform makes it fast, easy and secure to manage your currency exchange requirements.
Xchange offers you the ability to:
1. View live rates.
2. Make payments to almost any country globally.
3. Access your balance instantly.
4. Track payments online.
5. Access our economic research.
There are no hidden charges. You can log in from anywhere, anytime and your beneficiary details are stored making it easy for you to take control of your dealings.


Speculative Trading

Speculative Trading

Yes - Please ask for details on application

Currencies Direct Corporate Services
Currencies

1996
ASIC - AFS 246838
D&B Level 1 rating0.1%-1%Yes

Spot Transactions

Yes

Yes

Forwards

Forward contracts are utilised by both private and corporate clients to effectively budget for their international payments. A forward contract enables the client to buy currency now at an agreed rate that can be drawn down at any point within the following 24 months. This is a perfect way for an overseas property buyer or private/corporate client who has a series of payments to make to budget for their purchase. The advantages it offers are well illustrated by looking at what has happened to the GBP:EURO rates over the past 6 months.

NoNo32

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

Banking

Banking Facilities

HSBC, Barclays, La Caixa

New Zealand Bank to Foreign Bank or vice versaCurrencies Direct Corporate Services
Currencies Direct was the original pioneer of the non-bank foreign exchange market and is now firmly established as one of the UK's leading foreign exchange providers. With over 80,000 registered corporate clients we are trusted to send $bn's overseas each year. Core to our business is the ability to offer private and corporate client's exceptional foreign currency rates. Always read the terms and conditions carefully before you apply. 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 0.1%-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. Dedicated dealer for your account allowing you to have one point of contact when managing your payment process
5. Up to date coverage with daily market commentary and market watch facility
6. Limit orders and stop loss orders to take advantage of currency movements
7. We can reduce your currency risk by offering forward contracts to help set the rate for your future transaction
8. All client funds are secure as they are held in segregated client accounts by our banking partners HSBC and Barclays
9. Fast, secure, 24/7 online system iPayFX
10. Currencies Direct is a UK registered Ltd company (Reg No.: 3041197) and operates under the regulation of HM Customs & Excise, adhering to their Anti-Money Laundering Regulations (MLR No.: 12132225)


Disadvantages

Disadvantages

1. Do not accept cash
2. Do not sell options
3. Do not accept cheques

Financial Advisory

Financial Advisory

N/A


Online Trading

Online Trading

N/A


Speculative Trading

Speculative Trading

N/A

AFEX Corporate Services
AFEX

1979
ASIC 305246, ABN 85119392586
N/A0.1%-0.7%Yes

Spot Transactions

Yes 10% deposit required

Yes

Forwards

Yes

Yes

Options

Options will be launched in Australia in Q1 2012

No81

Currencies

1. AED
2. ARS
3. AUD
4. BDT
5. BGN
6. BHD
7. BOB
8. BRL
9. BWP
10. CAD
11. CHF
12. CLP
13. CNY
14. COP
15. CRC
16. CZK
17. DJF
18. DKK
19. DOP
20. DZD
21. EEK
22. EGP
23. ETB
24. EUR
25. FJD
26. GBP
27. NOK
28. GHS
29. GNF
30. GTQ
31. HKD
32. HRK
33. HTG
34. HUF
35. IDR
36. ILS
37. INR
38. JOD
39. JPY
40. KES
41. KRW
42. KWD
43. LKR
44. LTL
45. LVL
46. MAD
47. MGA
48. MUR
49. MWK
50. MXN
51. MYR
52. MZN
53. NGN
54. NOK
55. OMR
56. PEN
57. PGK
58. PHP
59. PKR
60. PLN
61. PYG
62. QAR
63. RON
64. RUB
65. SAR
66. SEK
67. SGD
68. SKK
69. THB
70. TND
71. TRY
72. TWD
73. TZS
74. UAH
75. UGX
76. USD
78. XOF
79. XPF
80. ZAR
81. ZMK

Banking

Banking Facilities

We have various banking relationships across the globe, some spanning 30 years – all of our currency accounts are held in the local countries to assist with speed of transaction and transparency.

WIRE, BPAY, Direct Debit, ChequeAFEX Corporate Services
AFEX offers a comprehensive range of international payment and foreign exchange services, including foreign currency drafts, wire transfers, risk management tools and designated corporate account managers. AFEX can handle every aspect of a client’s foreign payment needs, from risk consultation to to transaction execution. If you have any questions or queries complete the enquiry form and a foreign exchange broker will contact you to explain. DETAIL INFORMATION >>Services

Services

1. Spot Transactions
2. Forward Contracts
3. Speculative Trading


Advantages

Advantages

1. Online spot and forward transactions
2. Multiple levels of security
3. Payment confirmations sent to beneficiary
4. Multi-user options with separate approval levels
5. Daily market updates
6. Access to detailed transaction history
7. Competitive Exchange Rates & low transfer fees!
8. Dedicated RG146 Accredited Foreign Exchange Specialist!
9. Rapid delivery of funds with NO INTERMEDIARY FEES!
10. 24 hour trading & cash management/ treasury facilities


Disadvantages

Disadvantages

1. Certified ID required for Private Clients
2. Minimum of 10k AUD on Exotic currencies
3. No Direct Debit Facility in NZ

Financial Advisory

Financial Advisory

Only in the UK which is AFEX Markets


Online Trading

Online Trading

N/A


Speculative Trading

Speculative Trading

Yes

Sable FX Corporate Services
Sable

1994
ASIC - 335126
89/1000.2 – 1% based on volumeYes

Spot Transactions

There are no fees for transacting with Sable FX; all standard transfers are free (however there is a “speed” service option, charged at extra cost). Sable FX generates revenue through the spread on exchange rates; which will always beat the banks and competitors. Additionally, Sable FX will attempt to absorb all the bank costs which a currency exchange and international remittance may pick up along the way. This makes the process simpler, cheaper and cleaner for the client.

Yes

Forwards

This works on the same principle as spot deals, the only difference is that Sable FX will lock in a rate for a future date of delivery. To make cash flow easier for the client, Sable FX will be happy to lock in a rate on a deposit (generally 10% or more), which frees the clients cash up until the date of delivery. A margin call may be forthcoming in instances of severe negative rate movements.

NoNo22

Currencies

1. GBP
2. USD
3. EUR
4. NZD
5. AUD
6. ZAR
7. AED
8. CAD
9. CHF
10. CNH
11. CZK
12. GHS
13. HKD
14. INR
15. JPY
16. KES
17. PLN
18. SEK
19. SGD
20. XAF
21. XO
22. ZMK
and more upon request/demand.

Banking

Banking Facilities

HSBC bank (UK, AUS, NZ, PL, US).
Standard bank, Investec, Sasfin (South Africa)

Bank to BankSable FX Corporate Services
Sable FX offers a bespoke foreign exchange and remittance service for both personal and corporate clients. Transfers are available worldwide, free of charge and at whole sale exchange rates. Fully compliant and regulated, Sable FX is renowned for beating the banks and saving their clients’ money. If you have any questions or queries complete the enquiry form and a foreign exchange broker will contact you to explain the transfer process. DETAIL INFORMATION >>Services

Services

1. Spot transactions
2. Forward transactions


Advantages

Advantages

1. Great exchange rates
2. No transfer Fees
3. No hidden costs
4. Registration is free with no obligation to trade
5. Personal service with dedicated dealers
6. Free text and email notifications on all transfers
7. Secure online system, accessible 24 hours a day
8. Australian Financial Services Licence (AFSL) issued by ASIC to deal in foreign exchange


Disadvantages

Disadvantages

1. No credit card payments

Financial Advisory

Financial Advisory

No - brokerage only


Online Trading

Online Trading

N/A


Speculative Trading

Speculative Trading

No – Currencies for delivery only

Moneycorp Corporate Service
Moneycorp

1979
ASIC - AFS 302061
AA0.1-0.7%Yes

Spot Transactions

A spot contract is an agreement to buy or sell currency for immediate delivery (up to five days ahead). If your business needs to make a payment straight away and wants the most competitive exchange rates available, this type of contract should be suitable.

Yes

Forwards

A forward contract allows you to lock into an exchange rate for delivery up to two years in the future. Forward contracts are ideal for companies concerned that future rate fluctuations may erode profits, or those that wish to fix a favourable rate for future currency payments.

Yes

Options

A foreign exchange option provides the right – but not the obligation – to enter into a foreign exchange contract at a known exchange rate on a known future date. In many ways, an option is like an insurance policy*, where you pay a premium to protect against a ‘worst case’ rate (the strike rate of the option) – but there is still the potential to benefit if market rates move in your favour. Options provide a guaranteed future rate of exchange. Unlike a forward contract however, your business is not obliged to deal at that rate. If the market rate is in your favour when an option matures, you can let it lapse and choose to deal in the ‘spot market’ at the more favourable rate.
Options could be suitable if you:
Need to protect yourself from adverse currency movements;
Are not in a position to place the deposit required for a forward contract; or
Want to fix a known ‘worst case rate’ with the opportunity to book a spot contract, if the market moves in your favour.
Why buy options from Moneycorp?
Options are one of the many types of contract we offer to help our clients manage their
foreign exchange exposure. Options are a type of derivative and before you can deal in them, we will make an assessment as to whether they are appropriate given your circumstances. Whilst most banks will only provide these products to larger companies, Moneycorp offers options – at competitive prices – to a variety of clients, including private individuals and SMEs.
For over 30 years, Moneycorp has been delivering innovative, industry-leading financial solutions. As the marketplace becomes increasingly sophisticated, we continue to focus on developing long-term relationships with our clients and on employing the right expertise to meet and exceed their expectations.
* Foreign exchange options are not pure protection insurance policies or general insurance policies as defined by the Financial Services Authority.
This financial promotion is issued by TTT Moneycorp Limited (Moneycorp). Foreign exchange options can carry a high level of risk to your capital and are not suitable for everyone. You should seek independent advice if necessary. TTT Moneycorp Limited is authorised and regulated by the Financial Services Authority for the conduct of designated investment business and for the provision of payment services. TTT Moneycorp Limited is a company registered in England under registration number 738837. Its registered office address is 2 Sloane Street, London, SW1X 9LA.

Yes

Hedging Services

Moneycorp can offer Hedging Service via its product range of Currency Options, Forwards, Spot Tansactions and Advisory Services.

76

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

Banking

Banking Facilities

WESTPAC, HSBC, Barclays, RBS

International TransfersMoneycorp Corporate Service
Moneycorp has been providing a wide range of foreign exchange services for over 30 years. They will monitor the currency markets on your behalf – achieving the best possible rates of exchange, no matter how complex your requirements. They will provide you with bespoke services designed to match your industry specific needs. If you have any queries just fill out the form and a foreign exchange broker will get back to you. 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.
8. Private Foreign Exchange dealing
9. Financial Risk Management
10. Wholesale Banknotes
11. Travel Money


Advantages

Advantages

1. Their market expertise will get you the best exchange rate available, saving you money.
2. Comprehensive range of services, to suit your requirements, including: Financial risk management and FX options
3. They can fix an exchange rate that will be valid up to two years, so you will know exactly how much foreign currency you will receive
4. You will have no commission charges or receiving bank fees to pay
5. Wholesale services: Moneycorp wholesale banknotes provides reliable and cost-effective bulk currency trading and logistical solutions, to a wide range of business clients in the UK and worldwide.
6. Moneycorp has been trading currencies since 1979, has been certified to ISO 9000 Quality Assurance since 1996 and last year traded over $11 billion in currencies.
7. The security of having The Royal Bank of Scotland (RBS) as a significant shareholder in the Company.
8. Moneycorp is 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.
9. There is no cost and no obligation in opening a Trading Facility.
10. Extended trading hours: 7:30am to 10:30pm Monday to Friday and 10:00am to 4:00pm on Saturdays.


Disadvantages

Disadvantages

1. Moneycorp cannot accept cash payments for anti-money laundering reasons
2. Minimum volume is $5000 on one off transfers.

Financial Advisory

Financial Advisory

We are committed to helping our corporate clients develop robust risk management frameworks. Key features of our expert service include:
Detailed business analysis to develop a bespoke, flexible treasury strategy which is aligned with your business goals.
A personal Risk Manager who will understand your business, proactively manage your treasury risk and provide expert advice on how to implement your strategy.
Independent information on hedging structures and derivative products, allowing you to make informed decisions.
Personalised market updates containing relevant, timely reports to ensure you are informed of market developments affecting your business.
Price monitoring to ensure your providers are quoting competitive rates.
Face-to-face reviews to ensure our service continues to add value to your business.


Online Trading

Online Trading

Moneycorp Global Payments System (GPS) allows you to make payments and hold balances in multiple currencies. You can execute foreign exchange deals at highly competitive rates and manage your beneficiary details.


Speculative Trading

Speculative Trading

Not Available.

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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.

Corporate Foreign Exchange - Latest News News and Charts

TorFx: new foreign exchange broker for private customers on Which Way To Pay New Zealand

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

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What you need to know about Money Transfers?

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.

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Want Bank Beating Exchange Rates?

30 May 2012 16:00
Crage Campbell

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.

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Get The Most For Your Money With Online Money Transfer Services

16 March 2012 06:00am
Victoria Wedderburn

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.

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Benefits of Online Money Transfer

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!

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