Private Clients - Foreign Exchange Brokers

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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.

If you wish to speak to someone: Contact Us

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

World First
World

2005
ASIC - AFS 302061
0.1% - 0.7%$0.00Australia bank to foreign bank or vice versa$500052

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
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. Margin 0.25%-1.5% from spot rate guaranteed dependant on size and frequency.
2. Compared with banks, our rates can usually save you between 0.5% and 3% of the amount transacted ie up to $6000 on a $200000 transfer.
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 equivalent.
6. Minimum regular transfer $250 or equivalen.
7. No commission and no transfer fees for amounts over £250 or sterling equivalent..


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.

Currencies Direct
Currencies

1996
ASIC - AFS 246838
0.2-1%$0 above $5000UK Bank to Foreign Bank or vice versa$100038

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

BARCLAYS Trust AccountsCurrencies Direct
Currencies Direct is s key player in the Foreign Exchange market, providing clients with a fantastic Foreign Currency Exchange payment service. They help you get as much for your foreign currency as you can by offering the best and the most competitive foreign currency exchange rates. Whether you are buying a home abroad, emigrating, sending your children overseas to study or buying something special Currencies Direct can help. If you have any questions or queries complete the form and a broker will contact you to explain the process. 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. This is equivalent to a maximum saving of $4,000 on a $100,000 transaction.
4. Currencies Direct charges no commission and no transaction costs
5. We can reduce your currency risk by offering forward contracts to help set the rate for your future transaction
6. We will keep you informed at all stages of the payment process and provide a more efficient service than your bank
7. All client funds are secure as they are held in segregated client accounts by our banking partner HSBC
8. 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. 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.

AFEX
AFEX

1979
ASIC 305246, ABN 85119392586
0.1%-0.7%$10 under 10kWIRE, BPAY, Cheque$500081

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

BANK OF AMERICA Trust AccountsAFEX
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 cpmplete the enquiry form and a foreign exchange broker will contact you to explain the transfer process. Please the terms and conditions thoroughly. DETAIL INFORMATION >>Services

Services

Online foreign exchange payment system


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

Sable FX
Sable

1994
ASIC - 335126
0.2 – 1% based on volume$0Bank to Bank$022

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.

HSBC Trust AccountsSable FX
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 cpmplete the enquiry form and a foreign exchange broker will contact you to explain the transfer process. Please make sure that you read the terms and conditions carefully. 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

Moneycorp
Moneycorp

1979
ASIC - AFS 302061
0.25-1%$0 above $5000International Transfers$500076

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

WESTPAC Trust AccountsMoneycorp
Moneycorp can save you money by offering the most competitive exchange rates available on all your international payments. Moneycorp provide foreign exchange and international payment services for both businesses and individuals.They try to make these as easy as possible every time you make a currency transfer. Moneycorp offer free information and guidance on the markets, helping you decide on the best time to buy your currency. If you have any questions complete the enquiry form and a broker will contact you to help. 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. Their market expertise will get you the best exchange rate available, saving you money.
2. 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
3. Extended trading hours: 7:30am to 10:30pm Monday to Friday and 10:00am to 4:00pm on Saturdays.
4. You will have no commission charges or receiving bank fees to pay
5. 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.
6. The security of having The Royal Bank of Scotland (RBS) as a significant shareholder in the Company.
7. 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.
8. There is no cost and no obligation in opening a Trading Facility.
9. They offer a Regular Payment Plan (RPP) service to manage your regular overseas transfers, the minimum monthly amount that you can send is $250.
10. Moneycorp's flexibility means they can tailor their services to meet any foreign exchange requirement.


Disadvantages

Disadvantages

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

AxiCorp Financial Services Pty Ltd
AxiCorp

2002
ASIC 318232
0.1%-0.7%$0Bank to bank, Wire, Direct Debit$5000129

Currencies

BBD – Barbados BOB – Bolivia BRL – Brazil BSD – Bahamas BZD – Belize BMD – Bermuda CAD – Canada CLP – Chile COP – Colombia CRC – Costa Rica DOP – Dominican Republic XCD – East Caribbean GTQ – Guatemala GYD – Guyana HNL – Honduras HTG – Haiti JMD – Jamaica MXN – Mexico ANG – Netherland Antilles NIO – Nicaragua PYG – Paraguay PEN – Peru SRD – Suriname TTD – Trinidad & Tobago UYU – Uruguay VEF – Venezuela MIDDLE EAST BHD – Bahrain IQD – Iraq ILS – Israel JOD – Jordan KWD – Kuwait LBP – Lebanon OMR – Oman QAR – Qatar SAR – Saudi Arabia AED – United Arab Emirates YER – Yemen EUROPE ALL – Albania BYR – Belarus BAM – Bosnia BGN – Bulgaria HRK – Croatia CZK – Czech Republic DKK – Denmark EUR – Euro Zone HUF – Hungary LVL – Latvia LTL – Lithuania NOK – Norway PLN – Poland RON – Romania RSD – Serbia SKK – Slovakia CHF – Switzerland SEK – Sweden TRY – Turkey GBP – United Kingdom OCEANIA AUD – Australia FJD – Fiji XPF – French Polynesia NZD – New Zealand PGK – Papua New Guinea SBD – Solomon Islands TOP – Tonga VUV – Vanuatu WST – Western Samoa ASIA AFN – Afghanistan AMD – Armenia BDT – Bangladesh KHR – Cambodia CNY – China GEL – Georgia HKD – Hong Kong KZT – Kazakhstan KRW – South Korea KGS – Kyrgyzstan INR – India IDR – Indonesia JPY – Japan LAK – Laos MYR – Malaysia MNT – Mongolia NPR – Nepal PKR – Pakistan PHP – Philippines RUB – Russia SGD – Singapore LKR – Sri Lanka TWD – Taiwan TH – Thailand VND – Vietnam AFRICA DZD – Algerta AOA – Angola BIF – Burundi BWP – Botswana CVE – Cape Verde XAF – CFA Franc (Cameroon Chad, Central African Republic, Congo, Equatorial Guinea, Gabon) XOF – CFA Franc (Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo) KMF – Comores DJF – Djibouti CDF – DR Congo EGP – Egypt ERN – Eritrea ETB – Ethiopia GHS – Ghana GMD – Gambia GNF – Guinea KES – Kenya LSL – Lesotho LRD – Liberia MGA – Madagascar MRO – Mauritania MUR – Mauritius MWK – Malawi MAD – Morocco MZN – Mozambique NAD – Namibia NGN – Nigeria RWF – Rwanda SCR – Seychelles STD – Sao Tome SLL – Sierra Leone ZAR – South Africa SDG – Sudan SZL – Swaziland UGX – Uganda TZS – Tanzania TND – Tunisia ZMK – Zambia

HSBC Trust AccountsAxiCorp Financial Services Pty Ltd
AxiCorp are your foreign exchange and international payments specialist. A designated account manager will work with you to simplify the process of overseas transfers. You benefit from wholesale exchange rates due to our large currency conversion volumes and low overheads. AxiCorp works with you to remove unnecessary costs from foreign exchange transactions. If you have any questions or queries cpmplete the enquiry form and a foreign exchange broker will contact you to explain the transfer process. DETAIL INFORMATION >>Services

Services

International payments, foreign exchange and risk management
AxiForex is regulated in Australia by ASIC. Australian Financial Services Licence No: 318232 ABN 85127606348.
AxiForex is a Member of the Financial Ombudsman Service (FOS).


Advantages

Advantages

1.No registration fee.
2.Personal service from a dedicated account manager.
3.You can hold a multi-currency foreign account with us
4.Easy online registration process.
5.We are able to trade in over 120 currencies.
6.Wholesale exchange rates & no commission or transfer fees.
7.Hedging products are available for price protection.
8.24/5 market-watch service.
9.Same day delivery of funds.
10.Online platform available to all clients.


Disadvantages

Disadvantages

1. Minimum transaction amount of $5000.

TorFX
TorFX

2004
ASIC 246838
0.1 – 0.7%Free above $2KBank To Bank Transfers$2K40

Currencies

1. United Kingdom GBP Pounds
2. United Arab Emirates AED Dirhams
3. Australia AUD Dollars
4. Barbados BBD Dollars
5. Bahrain BHD Dinars
6. Botswana BWP Pulas
7. Canada CAD Dollars
8. Switzerland CHF Francs
9. Czech Republic CZK Koruny
10. Denmark DKK Kroner
12. Egypt EGP Pounds
13. Euro Member Countries EUR Euro
14. Fiji FJD Dollars
15. Hong Kong HKD Dollars
16. Hungary HUF Forint
17. Israel ILS New Shekels
18. India INR Rupees
20. Jordan JOD Dinars
21. Japan JPY Yen
22. Kenya KES Shillings
23. Lithuania LTL Litai
25. Morocco MAD
26. Mauritius MUR Rupees
27. Mexico MXN Pesos
28. Norway NOK Krone
29. New Zealand NZD Dollars
30. Oman OMR Rials
32. Poland PLN Zlotych
33. Qatar QAR Rials
34. Saudi Arabia SAR Riyals
35. Sweden SEK Kronor
36. Singapore SGD Dollars
38. Thailand THB Baht
40. Turkey TRY New Lira
41. Trinidad and Tobago TTD Dollars
43. United States of America USD Dollars
44. East Caribbean XCD Dollars
45. South Africa ZAR Rand 4
6. Croatia HRK Kuna
47. Kuwait KWD Dinar

WESTPAC Trust AccountsTorFX
TorFX are part of a group with an annual foreign exchange turnover in excess of $4 Billion with offices across Australia, UK and Europe, The US, India and South Africa. TorFX provide individuals and businesses with more competitive currency exchange rates against the banks across Australia and New Zealand ensuring a far better return for your overseas Dollar transactions. Registration is quick and simple and all transactions of $2K are free. DETAIL INFORMATION >>Services

Services

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


Advantages

Advantages

1. Save clients up to 5% against the banks on their transfers
2. Personal account manager that clients can contact direct
3. No fees or charges on all transfers above $2K
4. Transfers sent from A – B within 24 hours
5. Client segregated accounts with Westpac
6. Regulated and authorized by ASIC and ANSTRAC
7. Fix currency rates up to 2 years forward
8. Free account opening and quick registration
9. RG146 Qualified currency specialists


Disadvantages

Disadvantages

1. Certified ID for private clients
2. No direct debit payments
3. Minimum $2K transfer

If you wish to speak to someone: Contact Us

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.

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