Private Clients - Foreign Exchange Brokers

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Please view our comparison table of Foreign Exchange companies below. These are specialists on the foreign exchange market and can offer all Australians the very best exchange rates available – far better than the ones offered at traditional high street banks. The companies you see below buy and sell currency take a much lower margin from the inter-bank rates – whereas a regular bank charge a margin as high as 5% plus extra fees on top (such as commission).

You can use a foreign exchange company for a whole range of activities, from paying an overseas mortgage, paying for international goods, paying staff based in other countries to simply sending money to someone in the family. Whatever your reason a foreign exchange company is highly qualified to handle large amounts of money efficiently and securely.

CORPORATE CLIENTS - FOREIGN EXCHANGE >>

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

Note that these companies are best for larger transfers and transactions. Depending on the company, they will be able to carry out the transfer for free. If the amount you are sending falls below a benchmark (around $10,000) then you may be charged up to $10 to make the transfer. There are various factors to look out for when choosing a Foreign Exchange company. Check what currencies they can deal and what the transfer options are.

Need Help? If you would like further information and wish to speak to someone: Contact Us >>

COMPANY	EST	SPREAD	FEES	TRANSFER METHODS	MIN	CCY	TRUST ACCOUNTS	MORE INFO
World First	2005 ASIC - AFS 302061	0.1% - 0.7%	$0.00	Australia bank to foreign bank or vice versa	$1000	47 Currencies GBP GBP United Kingdom, Pounds AED AED United Arab Emirates, Dirhams AUD AUD Australia, Dollars BBD BBD Barbados, Dollars BHD BHD Bahrain, Dinars BWP BWP Botswana, Pulas CAD CAD Canada, Dollars CHF CHF Switzerland, Francs CZK CZK Czech Republic, Koruny DKK DKK Denmark, Kroner EEK EEK Estonia, Krooni EGP EGP Egypt, Pounds EUR EUR Euro Member Countries, Euro FJD FJD Fiji, Dollars HKD HKD Hong Kong, Dollars HUF HUF Hungary, Forint ILS ILS Israel, New Shekels INR INR India, Rupees JMD JMD Jamaica, Dollars JOD JOD Jordan, Dinars JPY JPY Japan, Yen KES KES Kenya, Shillings LTL LTL Lithuania, Litai LVL LVL Latvia, Lati MAD MAD Morocco, Dirhams MUR MUR Mauritius, Rupees MXN MXN Mexico, Pesos NOK NOK Norway, Krone NZD NZD New Zealand, Dollars OMR OMR Oman, Rials PKR PKR Pakistan, Rupees PLN PLN Poland, Zlotych QAR QAR Qatar, Rials SAR SAR Saudi Arabia, Riyals SEK SEK Sweden, Kronor SGD SGD Singapore, Dollars SKK SKK Slovakia, Koruny THB THB Thailand, Baht TND TND Tunisia, Dinars TRY TRY Turkey, New Lira TTD TTD Trinidad and Tobago, Dollars TZS TZS Tanzania, Shillings USD USD United States of America, Dollars XCD XCD East Caribbean Dollars ZAR ZAR South Africa, Rand HRK HRK Croatia, Kuna KWD KWD Kuwait, Dinar
World First	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 foreign exchange broker who offer both private individuals and companies the ability to achieve significantly better foreign exchange rates with an exceptional 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% 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
Moneycorp	1979 ASIC - AFS 302061	0.25-1%	$0 above $5000	International Transfers	$5000	76 Currencies AED AED UAE DIRHAM ANG ANG NETHLN ANTIL GUILDERS AUD AUD AUSTRALIAN DOLLAR BBD BBD BARBADOS DOLLAR BHD BHD BAHRAIN DINAR BMD BMD BERMUDIAN DOLLAR BRL BRL BRAZILIAN REAL BND BND BRUNEI DOLLAR BSD BSD BAHAMAS DOLLAR BWP BWP BOTSWANA PULA BZD BZD BELIZE DOLLAR CAD CAD CANADIAN DOLLAR CHF CHF SWISS FRANC CYP CYP CYPRUS POUNDS CZK CZK CZECH REPUBLIC KORUNA DKK DKK DANISH KRONER EEK EEK ESTONIA KROON EUR EUR EURO FJD FJD FIJI DOLLAR GYD GYD GUYANA DOLLAR HKD HKD HONG KONG DOLLAR HRK HRk CROATIAN KUNA HUF HUF HUNGARIAN FORINT ILS ILS ISRAELI SHEKEL ISK ISK ICELANDIC KRONA JMD JMD JAMAICAN DOLLAR JOD JOD JORDANIAN DINAR JPY JPY JAPANESE YEN KES KES KENYAN SHILLING KWD KWD KUWAITI DINAR KYD KYD CAYMAN DOLLAR LTL LTL LITHUANIAN LITAS LVL LVL LATVIAN LATS MAD MAD MOROCCAN DIRHAM MTL MTL MALTESE LIRA MUR MUR MAURITIUS RUPEE MXN MXN MEXICAN PESO NAD NAD NAMIBIA DOLLAR NOK NOK NORWEGIAN KRONER NZD NZD NEW ZEALAND DOLLAR OMR OMR OMANI RIAL PEN PEN PERUVIAN NUEVO SOL PLN PLN POLISH ZLOTY QAR QAR QATAR RIYAL RON RON ROMANIAN LEI SAR SAR SAUDI ARABIAN RIYAL SEK SEK SWEDISH KRONA SGD SGD SINGAPORE DOLLAR SKK SKK SLOVAKIA KORUNA THB THB THAI BAHT TND TND TUNISIAN DINAR TRY TRY TURKISH LIRA TTD TTD TRINIDAD & TOBAGO DOLLAR USD USD US DOLLAR UYP UYP URUGUAY PESO XCD XCD EAST CARIBBEAN DOLLAR ZAR ZAR SOUTH AFRICAN RAND Currencies Moneycorp Only Sell ACCOUNT NAME CURRENCY COUNTRY DZD DZD ALGERIAN DINAR EGP EGP EGYPTIAN POUND GHC GHC GHANA CEDI IDR IDR INDONESIAN RUPIAH INR INR INDIAN RUPEE KZT KZT KAZAKHSTAN TENGE LKR LKR SRI LANKAN RUPEE MOP MOP MACAU PATACA MWK MWK MALAWI KWACHA NGN NGN NIGERIAN NAIRA NPR NPR NEPALESE RUPEE PGK PGK PAPUA NEW GUINEA KINAR PHP PHP PHILIPPINE PESO PKR PKR PAKISTANI RUPEE RUB RUB RUSSIAN RUBLE SCR SCR SEYCHELLES RUPEE TZS TZS TANZANIAN SHILLING UGX UGX UGANDAN SHILLING ZMK ZMK ZAMBIAN KWACHA
Moneycorp	Moneycorp provide foreign exchange and international payment services for both businesses and individuals. Moneycorp can save you money by offering the most competitive exchange rates available on all your international payments. 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. 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. Minimum volume is $5000 on one off transfers
International Foreign Exchange	2005 FSA 504007	0.1-0.9%	$0 above $1000	UK bank to foreign bank or vice versa.	$1000	50 Currencies 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.
International Foreign Exchange	International Foreign Exchange (IFX) is a leading FSA regulated foreign exchange specialist providing expert and highly cost-effective currency 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. DETAIL INFORMATION >>							Services Services 1. Regular Payments. 2. Forward Contract. 3. Spot Contracts. 4. Limit Orders. 5. Stop Loss. Advantages Advantages 1. Fixed margin between 0.1%-0.9% depending on size of transaction. 2. Large buyers of currency which enables us to achieve tighter rates from our bank. 3. One point of contact throughout your transaction process keeping you informed of market. movements and working with you to achieve the maximum rate within your timescales. 4. Prepaid currency card available to all IFX customers. 5. Free registration with no obligation to trade. 6. Able to offer no receiving bank charges 7. All client funds are held in a segregated account with our banking partner Barclays. 8. Daily market reports available on request. Disadvantages Disadvantages 1. Longer registration process no non UK residents.
VoltrexFX	2001 FSA 185223	0.1-1%	$0 above $1000	Bank Account to Bank Account	$2500	27 Currencies 1. EUR EUR EURO. 2. GBP GBP BRITISH POUND. 3. USD USD US DOLLAR. 4. ZAR ZAR SOUTH AFRICAN RAND. 5. AED AED UAE DIRHAM. 6. AUD AUD AUSTRALIAN DOLLAR. 7. BHD BHD BAHRAIN DINAR. 8. BGN BGN BULGARIAN LEV. 9. CAD CAD CANADIAN DOLLAR. 10. CHF CHF SWISS FRANC. 11. CZK CZK CZECH REPUBLIC KORUNA. 12. DKK DKK DANISH KRONER. 13. HKD HKD HONG KONG DOLLAR. 14. HUF HUF HUNGARIAN FORINT. 15. ILS ILS ISRAELI SHEKEL. 16. INR INR INDIAN RUPEE. 17. ISK ISK ICELANDIC KRONA. 18. JPY JPY JAPANESE YEN. 19. MAD MAD MOROCCAN DIRHAM. 20. NOK NOK NORWEGIAN KRONER. 21. NZD NZD NEW ZEALAND DOLLAR. 22. OMR OMR OMANI RIAL. 23. PLN PLN POLISH ZLOTY. 24. SEK SEK SWEDISH KRONA. 25. SGD SGD SINGAPORE DOLLAR. 26. THB THB THAI BAHT. 27. TRY TRY TURKISH LIRA.
VoltrexFX	Voltrex Foreign Exchange offer exceptional exchanges rates, groundbreaking technology and fantastic levels of service. They execute millions of pounds worth of transactions a year providing clients access to a range of suppliers including bank and liquidity providers. The VFX team are trained to the highest standards on foreign exchange market, payments, settlements and banking. 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 for amounts over $2,500. 3. Purchase and transfer your funds through our online system. 4. Transfer confirmations emailed directly to you. 5. Highly competitive exchange rates. 6. Ability to guarantee no receiving fees. 7. Located in the heart of the City of London financial district. 6. Voltrex is Registered under the Data Protection Act. Disadvantages Disadvantages 1. $2,500 minimum trade. 2. Amounts under $1,000 transfer fees apply.
Currencies Direct	1996 FSA 504360	0.2-1%	$0 above $5000	UK Bank to Foreign Bank or vice versa	$100	33 Currencies 1. AED AED United Arab Emirates, Dirhams 2. AUD AUD Australia, Dollars 3. BGL BGL Bulgarian Lev 4. CAD CAD Canada, Dollars 5. CHF CHF Switzerland, Francs 6. CZK CZK Czech Republic, Koruny 7. DKK DKK Denmark, Kroner 8. EUR EUR Euro Member Countries, Euro 9. GBP GBP United Kingdom, Pounds 10. HKD HKD Hong Kong, Dollars 11. HUF HUF Hungary, Forint 12. IDR IDR Indonesian rupiah 13. ILS ILS Israel, New Shekels 14. INR INR India, Rupees 15. JPY JPY Japan, Yen 16. KWD KWD Kuwaiti dinar 17. MAD MAD Morocco, Dirhams 18. MUR MUR Mauritius, Rupees 19. MXN MXN Mexico, Pesos 20. NOK NOK Norway, Krone 21. NZD NZD New Zealand, Dollars 22. OMR OMR Oman, Rials 23. PLZ PLZ Pakistan, Rupees 24. QAR QAR Qatar, Rials 25. RON RON Romanian lei 26. SAR SAR Saudi Arabia, Riyals 27. SEK SEK Sweden, Kronor 28. SGD SGD Singapore, Dollars 29. SKK SKK Slovakia, Koruny 30. THB THB Thailand, Baht 31. TND TND Tunisia, Dinars 32. USD USD United States of America, Dollars 33. ZAR ZAR South Africa, Rand
Currencies Direct	Currencies Direct is one of Europe’s leading non-bank providers of foreign exchange payment services. They help you get as much for your money 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. 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.
TorFX	2004 FSA 517320	0.7%	$0.00	TT / CHAPS / BACS	$250	68 Currencies ACCOUNT NAME CURRENCY COUNTRY DETAILS TORFX - AED AED Arab Emirate Dirham Any Amount TORFX - AUD AUD Australian Dollar Any Amount TORFX - CAD CAD Canadian Dollar Any Amount TORFX - CHF CHF Swiss Franc Any Amount TORFX - CZK CZK Czech Koruna Any Amount TORFX - DKK DKK Danish Krone Any Amount TORFX - EGP EGP Egyptian Pound Any Amount TORFX - EUR EUR Euro Any Amount TORFX - GBP GBP Sterling Any Amount TORFX - HKD HKD Hong Kong Dollar Any Amount TORFX - HUF HUF Hungarian Forint Any Amount TORFX - ILS ILS Israeli Shekel Any Amount TORFX - INR INR Indian Rupee Any Amount TORFX - JPY JPY Japanese Yen Any Amount TORFX - MAD MAD Moroccan Dirham Any Amount TORFX - NOK NOK Norwegian Krone Any Amount TORFX - NZD NZD New Zealand Dollar Any Amount TORFX - PLN PLN Polish Zloty Any Amount TORFX - SAR SAR Saudi Arabian Riyal Any Amount TORFX - SEK SEK Swedish Krone Any Amount TORFX - SGD SGD Singapore Dollar Any Amount TORFX - THB THB Thailand Baht Any Amount TORFX - TRY TRY New Turkish Lira Any Amount TORFX - USD USD US Dollar Any Amount TORFX - ZAR ZAR South African Rand Any Amount TORFX - ANG ANG Antilles Guilder £25,000+ TORFX - BBD BBD Barbados Dollar £25,000+ TORFX - BHD BHD Bahrain Dinar £25,000+ TORFX - BSD BSD Bahamas Dollar £25,000+ TORFX - BWP BWP Botswana Pula £25,000+ TORFX - BZD BZD Belize Dollar £25,000+ TORFX - DOP DOP Dominican Rep Peso £25,000+ TORFX - EEK EEK Estonia Krone £25,000+ TORFX - FJD FJD Fiji Dollar £25,000+ TORFX - GHC GHC Ghana Cedi £25,000+ TORFX - HRK HRK Croatian Kuna £25,000+ TORFX - IDR IDR Indonesia Rupiah £25,000+ TORFX - ISK ISK Icelandic Krona £25,000+ TORFX - JMD JMD Jamaican Dollar £25,000+ TORFX - JOD JOD Jordanian Dinar £25,000+ TORFX - KES KES Kenyan Shilling £25,000+ TORFX - KRW KRW South Korean Won £25,000+ TORFX - KWD KWD Kuwait Dinar £25,000+ TORFX - KYD KYD Cayman Island Dollar £25,000+ TORFX - LKR LKR Sri Lankan Rupee £25,000+ TORFX - LSL LSL Lesotho Loti £25,000+ TORFX - LTL LTL Lithuanian Litas £25,000+ TORFX - LVL LVL Latvian Lev £25,000+ TORFX - MUR MUR Mauritius Rupee £25,000+ TORFX - MWK MWK Malawi Kwacha £25,000+ TORFX - MXN MXN Mexican New Peso £25,000+ TORFX - MYR MYR Malaysia Ringgit £25,000+ TORFX - OMR OMR Omani Rial £25,000+ TORFX - PHP PHP Phillipine Peso £25,000+ TORFX - QAR QAR Qatar Rial £25,000+ TORFX - RUB RUB Russian Ruble £25,000+ TORFX - RON RON Roomanian Lei £25,000+ TORFX - SKK SKK Slovak Crown £25,000+ TORFX - SZL SZL Swaziland Lilangeni £25,000+ TORFX - TND TND Tunisian Dinar £25,000+ TORFX - TTD TTD Trinidad & Tobago Dollar £25,000+ TORFX - TZS TZS Tanzanian Shilling £25,000+ TORFX - TWD TWD Taiwan Dollar £25,000+ TORFX - UGX UGX Uganda Shilling £25,000+ TORFX - VUV VUV Vanuatu Vatu £25,000+ TORFX - XCD XCD East Caribbean Dollar £25,000+ TORFX - ZMK ZMK Zambian Kwacha £25,000+ TORFX - ZWD ZWD Zimbabwe Dollar £25,000+
TorFX	TorFX are one of the UK’s leading currency brokers whose mission is to “provide outstanding exchange rates, expert guidance and a simple, friendly service that people will want to recommend to others." You can easily open a trading facility with TorFX by applying online in a couple of minutes, this does not mean you are obligated to trade with TorFX. DETAIL INFORMATION >>							Services Services Same Day Spot Contracts, Forwards, Stop/Limit Orders Key Facts 1. In 2007 TorFX transacted over $500 million in foreign exchange. 2. Hundreds of UK companies use TorFX for currency transactions and advice. 3. Member of the Association of International Property Professionals. 4. Regulated by HM Revenue & Customs. 5. Segregated client accounts held with Barclays Bank Plc. 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 $5000 will incur a transfer fee. 2. Longer account set up process if not residing in the UK.