Private Clients - Foreign Exchange Brokers

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Below is a list of Foreign Exchange Specialists also known as currency brokers. These companies are experts in the foreign exchange market and will almost always offer the very best exchange rates on international money transfer. The exchange rates offered by foreign exchange specialists are far superior to those of traditional banks. The companies listed purchase and sell foreign currency at an average 1% margin from the interbank spot rate, whereas traditional banks charge a margin as high as 5% plus fees. Foreign exchange specialists do not usually charge commission

The exchange rates are one of the most important factors to consider when choosing the right broker. However, you should also consider the 'Margin' which is also known as 'Spread' (this is the percentage between the interbank spot rate and their listed rate). You should also check which foreign currencies a particular broker works with. Always ask what fees are involved so that you know exactly what you are paying for. There may be a minimum amount which is necessary to transfer when using a foreign exchange specialist (around €1000) If you are looking to exchange an amount under this you should think about using a Money Transfer or Remittance Service.

Foreign exchange specialists can transfer funds internationally for private clients. As currency exchange is the main focus for foreign exchange specialists they can get customers a rate that is as close to the interbank rate as possible. Some of the services listed below do not limit you to banking hours. It is likely that you will be offered an online account so you can manage all your transactions and payments whenever and wherever you want. You can also book future transactions in advance to protect your finances and get the best rates.

Foreign exchange specialists offer a personalised service. You will be allocated a dedicated broker who will personally work with you. They will be able to share their expertise and knowledge of the currency market as well as offering you support and advice whenever you need it. Foreign Exchange Brokers offer a fully automated service that is easy to use and convenient. It is important that you take the time to find the foreign exchange specialist who best suits you and your foreign exchange needs. There are many foreign exchange brokers so researching the market for the best company is a good idea. You can use the table below compare different brokers offering services to private clients weighing up the pros and cons of each.

If you wish to speak to someone: Contact Us or Enquiry Line: +353 7 66060078

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

World First
World First

2005
FCA 502759
0.1% - 0.7% from interbank variable on volume€0 over €5000Bank to foreign bank or vice versa€500047

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

BANK OF IRELAND Trust AccountsWorld First
World First offer significantly better foreign currency exchange rates with exceptional service levels. They are a leading foreign currency exchange broker and boast there are no hidden fees or charges. They have unrivalled knowledge of foreign currency markets and will protect you from adverse exchange rate movements. Be aware that the minimum amount you can transfer is €1000 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. Their rates can usually save you between 0.5% and 3% of the amount transacted, compared with banks.
2. Margin 0.25% - 0.7% from spot rate guaranteed.
3. They keep in contact with you and the status of your transfer and notify you at every stage of the process.
4. 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.


Disadvantages

Disadvantages

1. Minimum transfer €5000

Moneycorp
Moneycorp

1979
FCA 308919
0.25% - 1% based on volume€0 above €5000International Transfers€3.60076

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

BARCLAYS Trust AccountsMoneycorp
Moneycorp is a respected foreign exchange specialise and can offer you the best foreign currency exchange rates available, monitoring the foreign currency markets on your behalf, saving you money. Moneycorp provide you with extended trading hours, free information and guidance on the foreign exchange market, allowing you to decide when it is the best time for you to buy your foreign 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. Moneycorp can fix an exchange rate that will be valid to you for up to two years.
2. They offer the best exchange rates available which will save you money.
3. They offer extended trading hours.
4. No commission charges or receiving bank fees to payg you money.
5. 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. 6. There is no cost and no obligation in opening a Trading Facility.
7. They can tailor their services to meet any foreign exchange requirement.


Disadvantages

Disadvantages

1. Minimum volume is €5000 on one off transfers.

International FX
International FX

2005
FCA 504007
0.1-0.9% based on volume€0 - €1000UK bank to foreign bank or vice versa€100050

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.

BARCLAYS Trust AccountsInternational FX
IFX give you access to wholesale foreign exchange rates not offered to you by your regular bank. They combine specialist foreign currency exchange expertise with a clear understanding of your situation and needs. They provide you with foreign exchange strategies that will give you the most appropriate solution for your individual circumstances. IFX offer a very fast and efficient service. DETAIL INFORMATION >>Services

Services

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


Advantages

Advantages

1. No additional fees.
2. Access to wholesale exchange rates not offered by your regular bank.
3. Your own dedicated consultant
4. Provide the strategies that will give you the most appropriate solution for your needs, with the least cost, stress and inconvenience.
5. Fixed margin between 0.1%-0.9% depending on size of transaction.
6. Prepaid currency card available to all IFX customers.
7. Free registration with no obligation to trade.
8. Able to offer no receiving bank charges
9. All client funds are held in a segregated account with our banking partner Barclays.
10. Daily market reports available on request.


Disadvantages

Disadvantages

1. Longer registration process to non UK residents

VFX Financial PLC
VFX Financial PLC

2001
FCA 185223
0.1-1% based on currency, volatility and size€0 above €1000Bank Account to Bank Account€72034

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 an extremely popular foreign exchange service and is extremely experienced in transferring large sums of money worldwide. The VFX team are trained to the highest standards on foreign exchange markets, payments, settlements and banking. They provide an extremely competitive foreign exchange rate and execute millions of euros worth of transactions a year to numerous locations worldwide. 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. Ł2,500 minimum

TorFX
TorFX

2004
FCA 517320
0.7% Max€0.00TT / CHAPS / BACS€72068

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
TorFX saves you money on your foreign currency payments. They offer unbeatable exchange rates, free transfers and friendly clear guidance from their currency experts. TorFX are one of the UK’s leading foreign currency brokers whose mission is to “provide outstanding foreign exchange rates, expert guidance and a simple, friendly service that people will want to recommend to others." 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 €3,000. 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 €3000 will incur a transfer fee.
2. Longer account set up process if not residing in the UK.

Currencies Direct
Currencies Direct

1996
FCA 504360
0.2-1%€0 under €5.000Irish Bank to Foreign Bank or vice versa€72038

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 is one of Europe’s leading non-bank providers of foreign exchange payment services. They help you get as much for your foreign currency 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.
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 or Enquiry Line: +353 7 66060078

Compare Foreign Exchange Brokers

Get the best foreign exchange rates on international money transfers by using a Foreign Exchange Specialist

How do you get the best rates when transferring money abroad?

There are a lot of different ways of transferring your money abroad. Most people assume that an international wire transfer through your bank is the standard way to transfer money internationally but this is not the case. In fact international money transfer through your bank can actually be one of the most expensive ways of transferring money from one country to another. Banks will charge a fee for transferring your money and they are unlikely to give you a good exchange rate.

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.

What are the main advantages of using a foreign exchange broker?

Foreign Exchange specialists nearly always 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.

What other s services can foreign exchange specialists offer?

Foreign Exchange Specialists 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.

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Which Way To Pay

There are a vast range of companies where you can change your holiday money and most have no risk, however, you should ensure you do your research so you know this for certain.

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Foreign Exchange Brokers To Suit Your Corporate Needs

11 May 2012 17:00
Victoria Wedderburn

Your company or business can benefit from using a foreign exchange broker that specialises in working with corporate clients. A corporate exchange broker can help protect your business from the volatility of the Forex market.

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Online Money Transfer Services – Quick and Simple!

25 August 2011
Which Way to Pay

Most people are cottoning on to benefits of using online money transfer services to send money instantly whilst achieving the best exchange rates available.

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Cheap Dublin Airport Parking

11 August 2011
Which Way to Pay

Airport parking can be astronomically expensive and Dublin airport is no exception! So, if you’re put off taking your car to the airport because of the expense of Quickpark or any of the other airport long-term car parks, do not despair! Despite what you may be lead to believe, there is another way to park and pay less!

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