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| VFX FINANCIAL PLC | |
| VFX Financial PLC (Foreign Exchange) | |
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| 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. | |
| Location: UK | |
| Languages: | |
| 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: 1. £2,500 minimum trade | |
| Services: 1. Regular Payments.
2. Forward Contacts.
3. Spot Contracts.
4. Stop Loss Orders.
5. Limit Orders. | |
| Established: 2001 FSA 185223 | |
| Spread/Margin: 0.1-1% | |
| Costs/Fees: $0 above $1000 | |
Rate Improved With Volume:  | |
| Transfer Methods: Bank Account to Bank Account | |
| Transfer Speed: Europe and US same day, rest of the world 48 hours | |
| Transfer Minimum: $2500 | |
Trust Accounts:  | |
| Online Trading Platform: No | |
| Currency Converter: Click Here >> | |
| Forwards: Forward Contract - A forward contract allows the buyer to lock in an exchange rate 'today' for a future delivery date up to 12 months, effectively removing future risk from any movements in the foreign exchange market. As a risk management tool this contract provides protection against fluctuating exchange rates. Also known as hedging, this can be one of the most effective ways of managing your foreign exchange exposure. A forward contract is ideal for private individuals wishing to fix the cost of purchasing an off plan overseas property or a business wishing to take advantage of the current market rate against future obligations. Forward contracts will usually require a deposit of between 5% and 10%, with the remainder payable on the contract maturity date.
Forward Time Option (flexible forward) - This works in exactly the same way as a standard forward contract but allows the funds to be drawn down in full or partially prior to contract maturity. This is ideal if you need a fixed exchange rate but are unsure of the date you will require the funds. VFX also has the facility to roll the maturity date of a forward by executing a swap if required, allowing the client to move the value date further ahead if needed. This may involve additional cost. | |
| Regular Payments: Do you have an overseas mortgage?
Do you send money overseas to cover the running costs of your property abroad?
Do you live abroad and receive a UK pension or salary?
Do you need to repatriate rental income from your overseas property?
If the answer is YES to any of the above VFX can help save you money on your ongoing financial commitments.
Once you have bought a property or emigrated overseas, you are likely to remain with the burden of converting sterling to your new currency in some shape or form. Currency fluctuations however, can make budgeting difficult even on small amounts, and with high transfer charges and layers of commission with your personal bank these costs can escalate.
VFX has established a simple system of allowing you to automate your currency transactions and fix in a rate yearly without any transfer fees.
Our clients benefit from our regular monthly payments service. So whether you're paying an overseas mortgage, or bringing rental returns back to the UK, using our service will save you stress, time and money! | |
| Security Statement: Please see website for details. | |
| Terms and Conditions: Please see the VFX website. | |
| Number Of Currencies: 34 | |
| Currencies Available: 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 | |
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| VoltrexFX (Which Way To Pay - 20/4/2010) VoltrexFX is ranked 4 out of 5  |
News Charts 
| Starting to worry about the cost of student life . Look no further a Student credit card is your answer. 31 August 2018 Which Way To Pay Student credit cards. When starting your student life it can be a worry over the financial side of things Read More >> |
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