Private Clients - Foreign Exchange Brokers

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Below you can view a comparison of foreign exchange specialists who can offer the very best exchange rates available. Whether you need to set up a regular overseas payment or simply need to carry out a fast, secure and low-cost international transfer these companies are able to provide a one-to-one service, rates within 1% and 3% of the central market rate and no additional costs such as commission. Whatever your foreign exchange requirements you will be able to find a service to suit your currency needs. In the table below you can compare important factors of different foreign exchange services, including whether any fees apply, what is the latest currency exchange rate offered, transfer speed and whether there are any requirements. With better exchange rates you will get more for your money.

The main reason why many people decide to use the service of a foreign exchange broker is they can get you the best exchange rates, far better than if you were to go to your bank. This is because these foreign exchange brokers can get closer to the interbank rate and they work with live rates. As currency exchange is the main focus for foreign exchange brokers they can get customers a rate that is as close to the interbank rate as possible. They also have lower overheads in comparison to the banks and usually do not charge a commission fee. Please note that the exchange rates change on a daily basis so it is worth checking them regularly to get a good rate.

Foreign exchange brokers offer a variety of services that can help protect your money against the volatility of the currency market. Most foreign currency brokers offer hedging services to help you manage your exposure to the fluctuation of exchange rates. You might want to do this if you want to set up a payment now to be put into action in the future. For example you may want to pay an overseas mortgage in six month's time. With one of the services listed below you are not limited to banking hours and you will be offered an online account so you can manage all your transactions and payments whenever is convenient for you. You can also book future transactions in advance.

You may need to pay an overseas property mortgage, purchase international goods /products or simply send money to a friend or family. If your transfer amount is over around Rs. 360,000 and over then these currency exchange brokers can provide the best service. In general, they offer their services entirely free of charge for larger transfers, but may take a flat fee of around $15 for smaller amounts - if you need to make a smaller transfer then you could consider the services in our Money Transfers area.

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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

Halo Financial
Halo Financial


FCA 528727
0.1% - 1% depending on volumeRs. 0Foreign bank to Indian bankRs. 7,22,5531

Currencies

1. AED - United Arab Emirates, Dirhams
2. AUD - Australia, Dollars
3. BHD - Bahrain, Dinars
4. CAD - Canada, Dollars
5. CHF - Switzerland, Francs
6. CZK - Czech Republic, Koruny
7. DKK - Denmark, Kroner
8. EGP - Egypt, Pounds
9. EUR - Euro Member Countries, Euro
10. FJD - Fiji dollar
11. GBP - United Kingdom, Pounds
12. HKD - Hong Kong, Dollars
13. HRK - Croatian Kuna
14. HUF - Hungary, Forint
15. ILS - Israel, New Shekels
16. INR - India, Rupees
17. JPY - Japan, Yen
18. KWD - Kuwaiti dinar 
19. MAD - Morocco, Dirhams
20. MUR - Mauritius, Rupees
21. NOK - Norwegian, Kroner
22. NZD - New Zealand, Dollars
23. PLN - Poland, Zlotych
24. SAR - Arabia, Riyals
25. SEK - Financial SEK Sweden, Kronor
26. SGD - Singapore, Dollars
27. SKK - Slovak koruna
28. THB - Thailand, Baht
29. TRY - Turkey, New Lira
30. USD - United States of America, Dollars
31. ZAR - South Africa, Rand

BARCLAYS Trust AccountsHalo Financial
Halo Financial has developed a reputation for delivering excellent value and expertise in the provision of foreign currency exchange services. Regularly interviewed on financial television channels such as Bloomberg and CNBC. Halo Financial are entrusted to manage the foreign currency requirements of private individuals and international businesses. Halo Financial provides a cost effective alternative to your bank; providing a far more efficient way to save time and money when transferring foreign currency. Click for more information. DETAIL INFORMATION >>Services

Services

Spot Contracts: If you need to undertake an immediate transaction and you have all your funds immediately available to settle the trade, you can buy or sell currency using a spot contract. Standard spot contracts (trade now, pay now) enable you to immediately agree an exchange rate to buy or sell currency for settlement, unless otherwise agreed, within 2 business days of the date the contract is initiated.
Forward Contracts and Regular Currency Transfers
Automated Currency Orders: Managing fluctuating exchange rates from your work or home can be difficult when you’re short on time and don’t have access to sophisticated systems. So Halo Financial offer automated currency orders to help. If you want to target a better exchange rate or require protection against a falling one, these tools – known as Limit and Stop Loss Orders – will work to your advantage. Operating 24 hours a day, your currency be automatically bought or sold if your pre-determined exchange rate is achieved. They offer the complete solution to the safeguarding and enhancing your funds, providing significant advantages over your bank’s limited opening hours and inflexible solutions. They can be altered or cancelled at any time prior to the transaction taking place.
Customer benefits: Ability to protect and improve your exchange rate, 24/7, Flexible solution, FREE. No premium cost.
Free Foreign Exchange Consultation: Your Foreign Exchange Consultants can analyse your foreign exchange exposure. This service is completely free.


Advantages

Advantages

1. Market leading exchange rates: On a direct price check using Halo Financial could help you save up to 4% compared to using you Bank!
2. A single point of contact: in an era of call centers, what a refreshing change it is to know that you can rely on your own currency dealer to provide you with a personal, friendly and trusting service.
3. No commission charges: contrary to most banks all Halo Financial transfers are commission free!
4. Fast onward payments: we will transfer funds by priority electronic payment which should ensure most transfers will be credited the very same day!
5. Excellent service: their professionalism ensures you derive the maximum benefit from all your currency transactions with minimum hassle.
6. Regular currency updates: subscribe to daily or weekly currency insight for the market news that affects you.
7. 24 hour monitoring of exchange rates: a proactive service which will provide the opportunity to buy or sell currency around the clock.
8. Appropriate risk management strategies to improve your currency transaction: your dealer will explain the different options available to cut your risk and improve your exchange rates.
9. Proactive account management with relevant market news: your dealer will keep you regularly updated of any currency movements which could affect your international investment.


Disadvantages

Disadvantages

1. Transfer fee £15 for lump sum transfers under £5,000, £5 for Regular Currency Transfer.
2. Opening a trading facility when residing abroad is more exhaustive. Under international regulations additional identification documents will usually be required.
3. Based only in the UK

Moneycorp
Moneycorp

1979
FCA 308919
0.1-0.7%Rs. 0 above Rs. 23,3742International TransfersRs. 23,374276

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

HSBC Trust AccountsMoneycorp
Moneycorp monitor the currency markets on your behalf and help you achieve the best possible rates of exchange. No matter how complex your business foreign exchange requirements are, Moneycorp private foreign exchange brokers endeavour to provide you with bespoke services which are designed to match your industry needs. Moneycorp private foreign exchange brokers have been providing a wide range of services for over 30 years. Moneycorp can save you time and money. Click for more information. 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 Rs. 23,3742 on one off transfers.

World First
World First

2005
FCA 502759
0.1% - 0.7%Rs. 0Foreign Bank to Indian Bank Only$25052

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
World First is the award-winning currency exchange company that makes transferring money overseas faster, cheaper and easier. They offer excellent exchange rates, great customer service and are FCA regulated. They won the 2015 Sunday Times HSBC International Track 200, 2014 European Business Award for Customer Focus and the 2013 Customer Experience Award (Financial Services – Banking and Investment). World First takes the safety and security of your money very seriously. They're FCA authorised and keep all client funds segregated from business funds in line with the regulations. They're totally transparent at every step of the way. DETAIL INFORMATION >>Services

Services

See website for Terms and Conditions.


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 Rs. 4,33,531 on a Rs. 14, 45,10,35 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 Rs. 7,22,55.
6. Minimum regular transfer Rs. 1,80,63.
7. No commission and no transfer fees for amounts over Rs. 3,61,275.


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.

TorFX
TorFX

2005
FCA 517320
0.1-0.9%Rs. 0 above Rs. 1000Foreign bank to Indian bank onlyRs. 7,22,5550

Currencies

1.UAE AED Arab Emirate Dirham
2.Australia AUD Australian Dollar
3.Canada CAD Canadian Dollar
4.Switzerland CHF Swiss Franc
5.Czech Republic CZK Czech Koruna
6.Denmark DKK Danish Krone
7.Egypt EGP Egyptian Pound
8.Europe EUR Euro
9.UK GBP Sterling
10.Hong Kong HKD Hong Kong Dollar
11.Hungary HUF Hungarian Forint
12.Israel ILS Israeli Shekel
13.India INR Indian Rupee
14.Japan JPY Japanese Yen
15.Morocco MAD Moroccan Dirham
16.Norway NOK Norwegian Krone
17.New Zealand NZD New Zealand Dollar
18.Poland PLN Polish Zloty
19.Saudi Arabia SAR Saudi Arabian Riyal
20.Sweden SEK Swedish Krone
21.Singapore SGD Singapore Dollar
22.Thailand THB Thailand Baht
23.Turkey TRY New Turkish Lira
24.USA USD US Dollar
25.South Africa ZAR South African Rand
26.Netherlands ANG Antilles Guilder
27.Barbados BBD Barbados Dollar
28.Bahrain BHD Bahrain Dinar
29.Bahamas BSD Bahamas Dollar
30.Botswana Botswana Pula
31.Belize BZD Belize Dollar
32.Dominican Republic DOP Dominican Rep Peso
33.Estonia EEK Estonia Krone
34.Fiji FJD Fiji Dollar
35.Ghana GHC Ghana Cedi
36.Croatia HRK Croatian Kuna
37.Indonesia IDR Indonesia Rupiah
38.Iceland ISK Icelandic Krona
39.Jamaica JMD Jamaican Dollar
40.Jordan JOD Jordanian Dinar
41.Kenya KES Kenyan Shilling
42.South Korea KRW South Korean Won
43.Kuwait KWD Kuwait Dinar
44.Cayman islands KYD Cayman Island Dollar
45.Sri Lanka LKR Sri Lankan Rupee
46.Lesotho LSL Lesotho Loti
47.Lithuania LTL Lithuanian Litas
48.Latvia LVL Latvian Lev
49.Mauritius MUR Mauritius Rupee
50.Malawi MWK Malawi Kwacha
51.Mexico MXN Mexican New Peso
52.Malaysia MYR Malaysia Ringgit
53.Oman OMR Omani Rial
54.Phillipines PHP Phillipine Peso
55.Quatar QAR Qatar Rial
56.Russia RUB Russian Ruble
57.Romania RON Roomanian Lei
58.Slovakia SKK Slovak Crown
59.Swaziland SZL Swaziland Lilangeni
60.Tunisia TND Tunisian Dinar
61.Trinidad TTD Trinidad & Tobago Dollar
62.Tanzania TZS Tanzanian Shilling
63.Taiwan TWD Taiwan Dollar
64.Uganda UGX Uganda Shilling
65.Vanuaro VUV Vanuatu Vatu
66.East Carribean XCD East Caribbean Dollar
67.Zambia ZMK Zambian Kwacha
68.Zimbabwe ZWD Zimbabwe Dollar

BARCLAYS Trust AccountsTorFX
Leaders in Foreign Exchange "Our company's mission is to provide outstanding currency exchange rates, expert guidance and a simple, friendly service that people will want to recommend to others." TorFX is one of the UK's leading foreign currency brokers, providing individuals and companies with money saving FX services. They offer an unrivalled personal service to private individuals and companies with a foreign currency exchange requirement. They pride themselves on their ability to save customers money. DETAIL INFORMATION >>Services

Services

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


Advantages

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 £5,000. The average saving made by our clients on a transaction of £100,000, is 1.9%, or £1,900.
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

Disadvantages

1. Amounts under Rs. 3,61,275 will incur a transfer fee.
2. Longer account set up process if not residing in the UK.

VFX Financial PLC
VFX Financial PLC

2001
FCA 185223
0.1-1%Rs. 0 above Rs. 7,22,55Foreign bank to Indian bank onlyRs. 1,80,63734

Currencies

1.Europe Eur Euro 
2.UK GBP British Pound
3.USA USD United States Dollar
4.South Africa ZAR South African Rand
5.UAE AED UAE Dirham
6.Australia AUD Australian Dollar 
7.Bahrain BHD Bahrain Dollar 
8.Bulgaria BGN Bulgarian Lev 
9.Canada CAD Canadian Dollar 
10.Switzerland CHF Swiss Franc 
12.Czech Republic CZK Czech Koruna
13.Denmark DKK Danish Kroner
14.Hong Kong HKD Hong Kong Dollar
15.Hungary HUF Hungarian Forint
16.Israel ILS Israeli Shekel
17.India INR Indian Rupee
18.Iceland ISK Icelandic Krona
19.Japan JPY Japanese Yen
20.Morocco MAD Moroccan Dirham 
21.Norway NOK Norwegian Kroner
22.New Zealand NZD New Zealand Dollar
23.Oman OMR Omani Rial
24.Poland PLN Polish Zloty
25.Sweden SEK Swedish Krona
26.Singapore SGD Singapore Dollar
27.Thailand THB Thai Baht
28.Turkey TRY Turkish Lira
29.Malta MTL Maltese Lira
30.Slovenia SIT Slovenian Tolar
31.Estonia EEK Estonian Kroon
32.Mexico MXN Mexican Peso
33.Mauritius MUR Mauritian Rupee
34.Tunisia TAD Tunisian Dinar
35.Quatar QAR Quatar Riyal

RBS Trust AccountsVFX Financial PLC
VFX is a leading money transfer and foreign currency broker, helping our clients transfer their foreign exchange efficiently and safely. Whether a business managing its exposure, an individual buying a home overseas, families emigrating to a new country or simply wanting to transfer your money abroad VFX can help you. VFX will provide you with a level of services that is both personal and transparent throughout, while supporting you with the best technology, competitive exchange rates and peace of mind that your money is safe. DETAIL INFORMATION >>Services

Services

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


Advantages

Advantages

1. Open an account online free of charge with no obligation to trade
2. Free transfers and no commission charges
3. Purchase and make transfers online
4. Transfer confirmations emailed directly to you
5. Highly competitive exchange rates
6. Regulated by the Financial Services Authority (FSA).


Disadvantages

Disadvantages

1. £2,500 minimum trade

Currencies Direct
Currencies Direct

1996
FCA 504360
0.2-1%Rs. 0 above Rs. 3,61,275Foreign bank to Indian bank onlyRs. 7,22,5538

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

HSBC Trust AccountsCurrencies Direct
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 they are trusted to send $bn's overseas each year. Core to their business is the ability to offer private and corporate client's exceptional foreign currency rates. They are the best choice for both large transactions and regular smaller transactions. For more information please click here. 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 Rs. 2,89,020 on a Rs. 7,22,55,17 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.

If you wish to speak to someone: Contact Us

Compare Foreign Exchange Brokers

International money transfer can be made easy by using a foreign exchange broker.

Why use a foreign exchange broker?

Foreign Exchange brokers offer the most competitive exchange rates available, so you are most likely to save money when using this sort of service to transfer money abroad.

Most foreign exchange specialists will offer lower transfer fees than many banks. If they don’t it is important to ask why as they are likely to provide savings elsewhere. If a foreign exchange broker can’t offer you better rates than your bank you should contact one that will.

Foreign Exchange Specialist can nearly always transfer your money more quickly than many banks so if you are in a hurry this service could certainly benefit you. In general Foreign Exchange Brokers do not charge commission so it is worth using them to transfer your money abroad.

A Foreign Exchange Broker can also protect you from adverse currency movements, allowing you to lock in to favourable exchange rates, thereby fixing exchange rates for settlement in the future. Foreign Exchange specialists offer a personalised service so that you can be sure that you will always be able to get hold of someone regarding your money.

Foreign Exchange brokers can offer other services

Foreign Exchange brokers offer extra services such as ‘forward Contracts’ whereby you fix an exchange rate so that you aren't affected adversely by currency fluctuations in the future. If this is something you are interested in speak to a broker directly and they will explain how this arrangement is made.

Spot Contracts are also available and with a spot contract you purchase currency 'on the spot', at the exchange rate of the day. However, if you think a spot contract is something you are interested in then it is worth speaking to a foreign exchange specialists for more information.

If you are looking to make regular payments then a regular payment plan is also likely to be useful to you and these can be arranged for up to two years. It is worth looking into these if you want to make regular international money transfers and obtain the best foreign exchange rates.

How do people get the best exchange rates with an international money transfer?

There are so many ways of transferring your money abroad. Many people think that transferring money through their bank is the best way to send money abroad. Actually, international bank transfers can be a very expensive way of sending money from one country to another. A bank is unlikely to give you a good exchange rate and they will probably charge you an expensive fee.

The other form of money transfer which is often used is a Remittance service such as Western Union. This is more commonly used for smaller sums of money up to €1000 although they can do more. Traditionally Remittance Services were used by migrant workers to send money home but nowadays they are more commonly used for many different purposes by people around the world. However, the use of a remittance service to transfer money can be proportionally expensive and the real benefit of this sort of service is that you don’t necessarily need a bank account and they can transfer to exotic locations.

If you are looking to get the best exchange rates on international money transfer then you should contact a Foreign Exchange Specialist / currency broker. Foreign Exchange Specialists have a serious level of expertise when it comes to transferring money abroad and dealing with currency. The companies in the list above are international experts in the foreign exchange market. The purpose of a foreign exchange broker is to provide you with the most cost effective way of transferring your money abroad.

Foreign Exchange - Latest News News and Charts

B R Shetty buys Travelex Holdings for £1 bn

29 May 2014
Lauren Middleton

India born Abu-Dhabi based billionaire B R Shetty is acquiring leading foreign exchange specialist firm Travelex Holdings for one billion pounds

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India rupee currency slumped nearly four percent to a fresh record low against the US dollar

12 September 2013
Which Way To Pay

The Indian currency has hit a record new low against the US dollar amid growing concerns on the nation's foreign exchange reserves

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The Reserve Bank of India has made it more expensive for banks to borrow funds.

30 July 2013
Which Way To Pay

Banks have limited cash to lend to customers who want to take out a loan, resulting in a major setback for individual borrowers.

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Euro Made Some Headway In Asian Trading

19 July 2012 23:30
Tor FX

Against the US Dollar the Euro made some headway in Asian trading as the ‘Greenback’ takes a pummelling due to poorer than expected economic data and higher risk appetite from traders.

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Looking For The Best Exchange Rates?

23 May 2012 17:00
Mark Maffia

Most people would go to their banks first when looking for currency exchange services. However, this will not be cost effect because foreign exchange brokers can offer you far superior exchange rates.

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