Private Clients - Foreign Exchange Brokers
No matter what your foreign exchange requirement is, whether you are buying or selling an overseas property, are moving overseas (or have just arrived in New Zealand), need to pay for overseas college/school fees or just to make a one-off payment to another currency account, the experts in the chart below can offer you the best service available. Foreign Exchange Brokers are currency specialists that can assist you whatever your exchange needs. They provide a tailor made service catered to your individual needs. You will also be assigned a personal account manager who will work with you, offer guidance and advice whenever you need it and answer any questions you might have.
Foreign exchange brokers are foreign exchange experts. They can offer you the best exchange rates outside of the Interbank market (within 1% and 3% of the Interbank rate), free transfers and a one-to-one service tailored to your needs. The rates that they can offer will be far better than if you were to go to your bank. This is because they can get much closer to the interbank rate, they have considerably smaller overheads and they work with live rates. They are also unlikely to charge extras such as commission and charges like the banks. Overall with a foreign exchange broker you will get more for your money and receive an efficient, secure and speedy service. They will also give you a variety of options to help protect you against currency fluctuations which you should take into consideration.
It is important that you take the time to find the right broker for you and your exchange needs. In the comparison chart below you can see what services different foreign exchange brokers can offer you. Most brokers will be happy to discuss you exchange requirements for free so it is worth seeing what different brokers can do for you before making your decision. When deciding which service to use you should look at all the main features including the exchange rates, whether there are any fees or charges involved and what transfer methods are available.
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. Please make sure that you read the terms and conditions thoroughly.
Compare Foreign Exhange
Whatever your money transfer needs why not utilise the currency exchange expertise of a Foreign Exchange Broker?
What is a Foreign Exchange Broker?
Whatever you currency exchange needs, whether you are paying friends, family or staff abroad or are emigrating, the way you handle your currency transfers will make a significant different to the cost of your payments. Foreign exchange specialists can save you time and money.
Get the best exchange rates
Foreign exchange brokers can transfer funds internationally for customers. As currency exchange is their main focus they primarily work on getting clients a rate that is as close to the interbank rate as possible. The closer you can get to the interbank the better and so you can get far better exchange rates and ultimately more for your money with a foreign exchange broker.
Get same day transfers
The services offered by foreign exchange brokers are very fast and you can get same-day payments in most cases unlike the banks. Also unlike the banks you will find there are no commission fees and heavily reduced transfer fees if at all. Not only will you deal with a dedicated personal consultant but you will be given a variety of currency options to help you find the one most suited to you.
Protection against fluctuating exchange rates
Uncompetitive exchange rates and volatility in the currency markets can be a real problem. However, there are ways of managing this currency exposure and foreign exchange brokers can often provide tailor made solutions to suit your particular requirements. They can also reduce or eliminate transfer fees and offer you protection from negative exchange rate movements.
Many services offer great online systems which let you manage all your foreign exchange transactions and payments 24/7. You can use the online service to make single or multiple payments and book transactions for the future.
Choosing the right service
There are many foreign exchange brokers to choose from. Most brokers will be happy to discuss your individual requirements without you having to open an account with them.
Use the comparison table above to fund a foreign exchange broker. The right service will depend on a variety of aspects including your specific exchange needs. Not only should you look at the exchange rates and whether there are any fees involved but you should find out what transfer methods are available to you and how long transfers will take.
How much does is cost to use a foreign exchange service?
It is usually completely free of charge to use a foreign exchange specialist, provided it is over a certain level. Sometimes, there is a minimum threshold that you will need to exchange before you will receive the service free of charge. Every broker has their own minimum transfer amount so you should always ensure you check these in advance. This minimum transfer amount is usually $5000 but it could be less depending how many transactions you need to take out. If you are below the minimum transfer amount you are likely to be charged a small fee.
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!