INTERNATIONAL FOREIGN EXCHANGE
International Foreign Exchange (Foreign Exchange)
        
International Foreign Exchange (IFX) is a leading FSA regulated currency exchange specialist providing expert and highly cost-effective FX exchange and money transfer services, helping its clients reduce the risk from currency fluctuations. Based in Mayfair, London IFX offers a proactive service working with clients to achieve the maximum rate of exchange within their timescales. Please read the terms and conditions in detail. If you have any questions please contact IFX. Click for more information.
Location: UK
Languages: English
Advantages:
1. Save Money - Many individuals and businesses still use their bank for foreign exchange transactions, resulting in poor exchange rates, a lack of personal service, and a "one size fits all" approach. Due to our established relationships in the "inter-bank" foreign exchange market, TorFX is able to offer wholesale rates of exchange on transactions over Rs.3,61,275. The average saving made by our clients on a transaction of Rs.7,22,55,17 is 1.9%, or Rs.1,37,284.
2. Avoid Exchange Rate Fluctuations - Because exchange rates change by the second it would be almost impossible to forecast exactly what the rate would be when your transaction is processed. You may have negotiated the best price for your purchase, but it could easily be offset by a slight change in the exchange rate. TorFX can fix the exchange rate for you for up to two years which will protect you from future rate movements, helping you stick to your budget!
3. Market Expertise - Senior dealing staff are drawn from financial market and banking backgrounds, bringing extensive knowledge of the foreign exchange markets. With MSTA qualified currency analysts on hand to discuss your transaction, and keep you informed, you can be sure that you will receive the information you need in a professional and timely manner.
4. Excellent Services - In addition to providing you with a preferential exchange rate, TorFX also offer a variety of dealing mechanisms to help you optimize your transaction. Forward contracts, limit orders and stop orders are excellent ways of ensuring that you get the most currency for your money. Our free market analysis could also give you the edge you need to secure a better rate.
5. Security of Funds - TorFX is regulated by HM Revenue&Customs (no: 12191606), and is a member of the UK Money Transmitters Association. All client funds are held in client segregated accounts with our banking partner, Barclays Bank PLC.
6. Personal Service - Each client is allocated their own personal account manager who will guide them through every stage of their foreign currency transaction. Our friendly dealers will keep you informed as often as you wish, by email or telephone, and will do everything possible to help you get the most from your transaction. We pride ourselves on going the extra mile, because unlike the "one size fits all" approach of the high street banks, we believe that our customers deserve a high level of service when making large currency transfers.
7. No Commission
8. Fast International Transfers - TorFX will send your currency to its destination free of charge, by TT/CHAPS. We can pay your solicitor, vendor, notary or supplier direct, saving you time and money. Our same day international payments are fast, reliable and free*. We can also provide you with an internationally recognised payment confirmation as soon as your currency has been sent.
9. Free Account Opening Facilities - Opening an account is free of charge, there is no obligation to trade, and you will not be charged any administration charges for maintaining your account.
10. No Obligation Quotations - You can get instant dealing quotes from your account manager by telephone or email. The bank will often refuse to give a live quote, or will not inform you of your exchange rate until later. Even worse, they may offer you the "tourist" rate of exchange, whereas on a large transaction, you should be offered a far better quote. TorFX provide live, transparent quotes based on the amount of currency you are sending, so you truly know where you stand, and can budget accordingly.
Disadvantages:
1. Longer registration process for non UK residents.
Services:
1. Regular Payments.
2. Forward Contract.
3. Spot Contracts.
4. Limit Orders.
5. Stop Loss.

Established: 2005 FCA 504007
Spread/Margin: 0.1-0.9%
Costs/Fees: Rs. 0 above Rs. 1000
Rate Improved With Volume: Yes
Transfer Methods: Foreign bank to Indian bank only
Transfer Speed: Same day EUR, USD & CAD. Other currencies 24 hours.
Transfer Minimum: Rs. 7,22,55
Trust Accounts: BARCLAYS Trust Accounts

Online Trading Platform: No
Currency Converter: No

Forwards:
A forward contract allows you to book the rate as it is today for delivery at a future date thus protecting you against currency fluctuations. This option will allow you to budget how much the future transfer will cost you today! You can fix an exchange rate for up to two years in advance, with the option to draw on these funds at any time. We will require a 10% deposit with the remainder payable on the contract maturity date.
Regular Payments:
If you need to make regular payments overseas the IFX Regular Payment Plan (RRP) will eliminate the stress and workload of organising regular currency transfers, and save you money.
This is service is ideal for:
1. Overseas mortgage payments.
2. Pension transfers.
3. Cost of living expenses.
4. Property maintenance.
5. School fees.
Security Statement:
See website for details.
Terms and Conditions:
See website for details.

Number Of Currencies: 50
Currencies Available:
1. Bahrain BHD Dinars.
2. Botswana BWP Pulas.
3. Bulgaria BGN Leva.
4. Croatia HRK Kuna.
5. Czech Republic CZK Koruny.
6. Ecuador USD US Dollar.
7. Egypt EGP Pound.
8. Estonia EEK Krooni.
9. Euro EUR.
10. Fiji FJD Dollars.
11. Ghana GHS Cedi.
12. Hong Kong HKD Hong Kong Dollar.
13. Hungary HUF Forints.
14. India INR Rupee.
15. Israel ILS New Shekels.
16. Jordan JOD Dinars.
17. Kazakhstan KZT Tenge.
18. Kenya KES Shilling.
19. Kuwait KWD Dinars.
20. Latvia LVL Lati.
21. Lesotho LSL Maloti.
22. Lithuania LTL Litai.
23. Madagascar MGA Ariary.
24. Malawi MWK Kwacha.
25. Mexico MXN Pesos.
26. Morocco MAD Dirhams.
27. Nigeria NGN Nairas.
28. Oman OMR Rials.
29. Pakistan PKR Rupee.
30. Philippines PHP Peso.
31. Poland PLN Zloty.
32. Qatar QAR Rials.
33. Romania RON New Lei.
34. Russia RUB Rubles.
35. Saudi Arabia SAR Riyals.
36. Serbia RSD Dinars.
37. Singapore SGD Dollars.
38. Slovakia SKK Koruny.
39. South Africa ZAR Rand.
40. Sri Lanka LKR Rupee.
41. Switzerland CHF Swiss Franc.
42. Tanzania TZS Shilling.
43. Thailand THB Baht.
44. Tunisia TND Dinars.
45. Turkey TRY New Lira.
46. UAE AED Dirhams.
47. USD USD Dollars.
48. Uganda UGX New Shilling.
49. Zambia ZMK Kwacha.
50. Zimbabwe ZWD Zimbabwe Dollars.
        
REVIEWS
IFX (Which Way To Pay - 10/1/2014)
IFX is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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