Corporate Clients - Foreign Exchange Brokers

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Please view our comparison table of Corporate Foreign Exchange services below. These business foreign exchange firms are highly specialized in dealing with any size of transaction each day; whether your firm needs a regular transfer to pay for overseas goods and services, to pay for foreign staff or even carry out currency market investment, your specialist business foreign exchange service will be able to offer the service you require.

Exchange Rates are updated frequently each day and before any transaction order you will be quoted the latest rate. Alternatively you can order hedging on your contract to fix an exchange rate for up to two years. Your personal broker will be contactable 5 days a week, every hour of the day to give you an unbeatable corporate service.

The best foreign exchange firms offer a separate corporate and private client service. This is due to the often different requirements of retail investors and different sized corporations. Therefore as a corporate entity you can rest assured that your account is being handled by a foreign exchange broker and team that are dedicated to your needs and investment goals.

PRIVATE CLIENTS - FOREIGN EXCHANGE >>    Foreign Exchange Information

You MUST apply through this site to guarantee any rate, spread, fee or margin listed

Need Help? If you would like further information and wish to speak to someone: Contact Us >>
Enquiry Line: +61 (0) 2 91916575

COMPANYESTCREDIT RATINGSPREADSPOTFWDOPTIONSHEDGINGCCYBANKSTRANSFER METHODSMORE INFO
Direct FX Corporate Service
Direct FX Corporate Service		2001
ASIC - AFSL 291471		N/A.75% max from interbank spot rate.Yes

Spot Transactions

Apart from transacting at the prevailing market rate, our clients have the choice of leaving orders for their Spot FX transactions. A list of the very useful order types are below. Our experienced dealers can explain them fully and in the context of current market rates at anytime. They are there to help you save as much money as possible on your money transfer.

Yes

Forwards

If you would like to take advantage of today’s prevailing rate for some date in the future, you can lock it in for up to one year. All that is required is 10% of the sold amount as the initial margin. Initial margins may be required, should the initial margin drop below the 5% of the contract face value. Please discuss further with your Direct FX dealer.

NoNo14

Currencies

Australian Dollar (AUD)
Canadian Dollar (CAD)
Euro (EUR)
Great British Pound (GBP)
Hong Kong Dollar (HKD)
Japanese Yen (JPY)
New Zealand Dollar (NZD)
Singaporean Dollar (SGD)
South African Rand (ZAR)
Swiss Franc (CHF)
United States Dollar (USD)
Norwegian Krone (NOK)
Swedish Krona (SEK)
Danish Krone (DKK)

View

Banking Facilities

Commonwealth Bank of Australia, ASB Bank

Bank to BankApply Foreign Exchange : Direct FX Corporate Service
Direct FX is Australasia's leading money transfer and international payments broker. They are the only broker used by Banks, as well as Private and Business Clients. They arrange over 140 billion in business foreign exchange transactions annually. Direct FX is proudly Australasian owned and operated and specialise in not only providing the best rates, but the best FX broker service. That's why Banks use them too. Best rates, best service, trusted and secure.
DETAIL INFORMATION >>		Services

Services

1. One off transfers/payments/receipt of funds. (asset purchase, migration, import or export needs, investment allocations)
2. Regular Payments (offshore mortgage payments, salary transfers, living allowances, gifts)
3. Forward contracts (lock in today’s rate for settlement at a date up until one year forward)
4. Spot contracts - standard two day settlement transfers
5. Order taking -  Apart from transacting directly at current market levels, our clients have the option of loading Limit or Stop Loss Orders with us. Limit and Stop Loss orders can also be watched in conjunction with each other, with one cancelling the other if struck.
6. Weekly FX commentary on 13 different currency pairs and overall market conditions
7. Daily updates on currencies of interest to clients and current influences


Advantages

Advantages

1. Spread margin .75% maximum from the interbank spot rate.
2. Our online application process is simple and painless.
3. Potentially, when compared to transferring via a traditional bank, we can save clients up to 3% of the transaction amount.
4. We do not charge any transaction fees.
5. We keep clients well informed of the progress of their transaction at all times.
6. Clients can leave orders with us to target a specific exchange rate. Unlike a bank, we will watch orders of very small amounts.
7. We are proudly Australasian based and independently owned and operated. We are specialists in the antipodean currencies.
8. Our weekly FX commentary is written in plain and easy to understand language. It gives a broad market overview and covers 13 different currency pairs that are of interest to our clients. We encourage clients to offer it to anyone with an overall interest in the financial markets. You do not have to be a client to enjoy this great commentary.
9. We are able to offer you in depth market knowledge. Our dealers have over 200 years experience between them, and facilitate over 140 billion USD worth of foreign exchange per annum.
10. We offer a more intimate service than many provides. We are not a global behemoth, or a bank in sheep’s clothing that does not appreciate your business. Our aim is to make clients feel comfortable when making transactions by clear and transparent pricing, great market information and the easy going nature of our dealers. Our ever growing list of testimonials, speak for themselves. Keep it local.


Disadvantages

Disadvantages

1. We are not able to offer or service for amounts under 7,000 USD or equivalent.
2. We take very seriously our attention to detail with regards to identification documents, if you cannot prove these you cannot use us.

Financial Advisory

Financial Advisory

N/A


Online Trading

Online Trading

N/A


Speculative Trading

Speculative Trading

N/A

World First Corporate Services
World First Corporate Services		2005
ASIC - AFS 302061		2A1 D&B Rating0.1% - 0.7%Yes

Spot Transactions

A spot transaction is the exchange of one currency for another at a specified rate for settlement in two working days. There are no associated costs with spot transactions. If you transfer funds via CHAPS you may be charged a fee, this depends on your agreement with your bank.

Yes

Forwards

World First will make a payment to your requested bank account on the agreed forward date, as long as World First has received your funds. You can fix a forward exchange rate for any period from 3 days up to 1 year in advance. A deposit of between 3% - 10% of the amount of the deal is required for a forward contract. This must be received within 3 days of the forward contract being agreed. In order to guarantee delivery of funds on the settlement date, it is recommended that you settle the outstanding balance on the contract 2 working days before the contract is due to settle. This type of contract is ideal if you want to fix a rate now, but will not be making immediate payment. e.g. fixing a pound sterling to euro exchange rate today for transfer on a future date.
 
Flexible Forward Contract
Also known as a "time option", this type of contract is similar to a forward contract but allows you to make and receive the pre-agreed payments early if required. This type of contract is ideal if you know you need to purchase a foreign currency, wish to fix the exchange rate now but are not sure of the exact settlement date.

Yes

Options

A vanilla option provides the right but not the obligation to buy a currency on a pre-determined forward date at a guaranteed worst case rate. It also allows you to benefit from any favourable exchange rate move for 100% of the amount (in return for an upfront premium).

Yes

Hedging Services

World First Markets Ltd offers a range of hedging strategies (currency options) to enable you to manage exchange rate fluctuations. These strategies are tailored to fit your exposure, currency forecast and risk level. They usually enable you to protect yourself from adverse rate movements but benefit from favourable exchange rate moves.
 
The three most widely used strategies are:
A vanilla option provides the right but not the obligation to buy a currency on a pre-determined forward date at a guaranteed worst case rate. It also allows you to benefit from any favourable exchange rate move for 100% of the amount (in return for an upfront premium).
 
Participating forward: this provides a guaranteed worst case rate for the full transaction amount, like a forward contract. However it also provides the ability to ‘participate’ for 50% of the amount in any favourable exchange rate move.
 
Risk reversal: this provides the ability to fix a worst case rate for a currency purchase, like a forward contract. However you can benefit 100% in any favourable move up to a pre-determined best case exchange rate. There is a reduced premium for this option.

47

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
11. Estonia EEK Krooni
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
19. Jamaica JMD Dollars
20. Jordan JOD Dinars
21. Japan JPY Yen
22. Kenya KES Shillings
23. Lithuania LTL Litai
24. Latvia LVL Lati
25. Morocco MAD 
26. Mauritius MUR Rupees
27. Mexico MXN Pesos
28. Norway NOK Krone
29. New Zealand NZD Dollars
30. Oman OMR Rials
31. Pakistan PKR Rupees
32. Poland PLN Zlotych
33. Qatar QAR Rials
34. Saudi Arabia SAR Riyals
35. Sweden SEK Kronor
36. Singapore SGD Dollars
37. Slovakia SKK Koruny
38. Thailand THB Baht
39. Tunisia TND Dinars
40. Turkey TRY New Lira
41. Trinidad and Tobago TTD Dollars
42. Tanzania TZS Shillings
43. United States of America USD Dollars
44. East Caribbean XCD Dollars
45. South Africa ZAR Rand
46. Croatia HRK Kuna
47. Kuwait KWD Dinar

View

Banking Facilities

GBP accounts with: Barclays, HSBC, Citi and RBS
EUR accounts with:
Barclays Spain / France / London
Citi London
Bank of Ireland London / Belfast

Australia bank to foreign bank or vice versaApply Foreign Exchange : World First Corporate Services
World First has transacted with over 20,000 private clients and 4,700 companies and in 2009, their currency exchange transaction volume exceeded $1 billion. They are the UK’s leading business foreign exchange broker who offer both private individuals and companies the ability to achieve significantly better foreign exchange rates with an exceptional broker service. Minimum transfer $5000
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% from spot rate guaranteed
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 2 years in the future.
5. Minimum one-off transfer $1000.
6. Minimum regular transfer $250.
7. No commission and no transfer fees for amounts over $5000.


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.
3. $15 Fee for transfers less than $5000

Financial Advisory

Financial Advisory

World First Advisory Services will make sure your foreign exchange providers are giving you the right information, charging you a fair and competitive price and enabling you to get the most out of your foreign exchange requirements. Most importantly, our experts are totally independent from any dealing desk. Their sole purpose is to give you clear and transparent information that benefits you.
 
World First’s Advisory Services have put together a variety of options to suit your needs. These can delivered as standalone services or grouped as a package.
 
Price Check – ensure the rates you are receiving for your spot, forward and options contracts are competitive and fair. This service costs £250-£500 per month.
 
Economic Advice – concise interpretation of the constant stream of market information and data tailored to suit your currency needs. This service costs £250-£500 per month.
 
Hedging Advice – unbiased, independent advice on hedging contracts taking into account factors such as your risk appetite, suitability for purpose and fit with your strategy. We will also check the level of profit made inside each deal is competitive. This service costs £500-£750 per month.
 
Advisory Services gives you access to one of the most experienced currency options teams in the UK. The two key features of our service are:
1. Open pricing policy – you pay for what you need
2. No minimum sign-up period


Online Trading

Online Trading

World First’s online platform Xchange allows you to manage all your foreign exchange transactions and payments. This platform makes it fast, easy and secure to manage your currency exchange requirements.
 
Xchange offers you the ability to:
1. View live rates.
2. Make payments to almost any country globally.
3. Access your balance instantly.
4. Track payments online.
5. Access our economic research.
 
There are no hidden charges. You can log in from anywhere, anytime and your beneficiary details are stored making it easy for you to take control of your dealings.


Speculative Trading

Speculative Trading

Yes - Please ask for details on application

Currencies Direct Corporate Services
Currencies Direct Corporate Services		1996
ASIC - AFS 246838		D&B Level 1 rating0.2-1% based on volumeYes

Spot Transactions

Yes

Yes

Forwards

Forward contracts are utilised by both private and corporate clients to effectively budget for their international payments. A forward contract enables the client to buy currency now at an agreed rate that can be drawn down at any point within the following 24 months. This is a perfect way for an overseas property buyer or private/corporate client who has a series of payments to make to budget for their purchase. The advantages it offers are well illustrated by looking at what has happened to the GBP:EURO rates over the past 6 months.

NoNo38

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

View

Banking Facilities

HSBC, Barclays, La Caixa

Australian Bank to Foreign Bank or vice versaApply Foreign Exchange : Currencies Direct Corporate Services
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 we are trusted to send $bn's overseas each year. Core to our business is the ability to offer private and corporate client's exceptional foreign currency rates.
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 0.1%-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. 4. Dedicated dealer for your account allowing you to have one point of contact when managing your payment process
5. Up to date coverage with daily market commentary and market watch facility
6. Limit orders and stop loss orders to take advantage of currency movements
7. We can reduce your currency risk by offering forward contracts to help set the rate for your future transaction
8. All client funds are secure as they are held in segregated client accounts by our banking partners HSBC and Barclays
9. Fast, secure, 24/7 online system iPayFX
10. 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. Do not accept cash
2. Do not sell options
3. Do not accept cheques

Financial Advisory

Financial Advisory

N/A


Online Trading

Online Trading

N/A


Speculative Trading

Speculative Trading

N/A

AFEX Corporate Services
AFEX Corporate Services		1979
ASIC 305246, ABN 85119392586		N/A0.1%-0.7%Yes

Spot Transactions

Yes

Yes

Forwards

Yes, 10% deposit required.

Yes

Options

Options will be launched in Australia in Q1 2012

No81

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

View

Banking Facilities

We have various banking relationships across the globe, some spanning 30 years – all of our currency accounts are held in the local countries to assist with speed of transaction and transparency.

WIRE, BPAY, Direct Debit, ChequeApply Foreign Exchange : AFEX Corporate Services
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.
DETAIL INFORMATION >>		Services

Services

1. Spot Transactions
2. Forward Contracts
3. Speculative Trading


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

Financial Advisory

Financial Advisory

Only in the UK which is AFEX Markets


Online Trading

Online Trading

N/A


Speculative Trading

Speculative Trading

Yes
1. RISK DISCLOSURE STATEMENT SIGNED
2. DEPOSIT OF 10% (PRE-FUNDED) AND MARGIN CALL OF 5% - THIS WILL BE ENFORCED FOR BOTH SPOT AND FORWARD CONTRACTS.
3. FULL DELIVERY EACH WAY – SOME EXCEPTIONS MAY BE ALLOWED BY CREDIT MANAGER
4. MINIMUM TRADE SIZE AUD500,000
5. THIS IS NOT TO BE "ADVERTISED" AS A PRODUCT AND EACH CLIENT WILL HAVE TO BE SPECIFICALLY APPROVED BY THE SALES DIRECTOR BEFORE THEY ARE ALLOWED TO TRADE. CREDIT WILL ADD A NOTE IN THE BUSINESS INFO PAGE THAT THE CLIENT’S TRADES ARE SPECULATIVE IN NATURE.

Sable FX Corporate Services
Sable FX Corporate Services		1994
ASIC - 335126		89/1000.2 – 1% based on volumeYes

Spot Transactions

There are no fees for transacting with Sable FX; all standard transfers are free (however there is a “speed” service option, charged at extra cost). Sable FX generates revenue through the spread on exchange rates; which will always beat the banks and competitors. Additionally, Sable FX will attempt to absorb all the bank costs which a currency exchange and international remittance may pick up along the way. This makes the process simpler, cheaper and cleaner for the client.

Yes

Forwards

This works on the same principle as spot deals, the only difference is that Sable FX will lock in a rate for a future date of delivery. To make cash flow easier for the client, Sable FX will be happy to lock in a rate on a deposit (generally 10% or more), which frees the clients cash up until the date of delivery. A margin call may be forthcoming in instances of severe negative rate movements.

NoNo22

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.

View

Banking Facilities

HSBC bank (UK, AUS, NZ, PL, US).
Standard bank, Investec, Sasfin (South Africa)

Bank to BankApply Foreign Exchange : Sable FX Corporate Services
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.
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

Financial Advisory

Financial Advisory

No - brokerage only


Online Trading

Online Trading

N/A


Speculative Trading

Speculative Trading

No – Currencies for delivery only

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