Money Transfer Review

Published on 19 July 2012 by Raffick Marday

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  • Can I really save money by buying foreign currency from independent currency brokers rather than my bank? Yes you can on average 2% to 5% depending on the amount you need to transfer
  • Who offers the best exchange rate for money transfers? Look at the margin rates offered by the company, TorFX offer a guaranteed margin rate of 0.7% which is improved with volume.
  • How can I learn to trade the foreign exchange market? By completing an application form to a foreign exchange broker and they will be able to help you every step of the way.
  • Where can I find the latest news on the foreign exchange markets? By signing up to our email updates you get the latest information
  • Where can I get the best exchange rate for my holiday money (and it is not the airport currency exchange rates)? Travel money cards now offer the best exchange rates when buying travel money and some allow you to buy currency at the same time.

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“How much can I save by using a currency broker?”

  • Research the best money transfer company, ensure they are FSA regulated.
  • Not sure who to use open several accounts with multiple currency brokers and then get them to give you a rate and see which one is the best for you.
  • Read the terms and conditions before signing up to a foreign exchange broker
  • Ask as many questions as you need to before committing to a foreign currency exchange company
  • Compare today’s exchange rates and see how much you can save on currency transfers abroad.
  • Unbeatable currency rates with no commission or charges, up to 5% better than the banks.
  • Ability to fix your exchange rate up to one year ahead
  • Fast, free international transfers
  • Forward Contracts
  • Order Types
  • Tailored Currency Analysis by market professionals
  • Free transfers
  • Excellent exchange rates

Setting up an account or getting a quote is simple. All you need to do is click the (APPLY NOW BUTTON) and complete the online quote form. Complete and application form and provide your ID. Once this is done you can then exchange currency.

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