Private Clients - Foreign Exchange Brokers

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Please view our comparison table of Foreign Exchange companies below. These are currency exchange specialists who are experts on the currency market and can offer all Australians the very best exchange rates available, far better than the ones offered at traditional high street banks. The foreign exchange brokers you see below buy and sell currency and 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). They are also not restricted to working banking hours.

You can use foreign currency exchange companies for a whole range of activities, from paying an overseas mortgage, paying for international goods, paying staff based in other countries or you are simply sending money to someone in the family across the world. Whatever your reason, foreign exchange broker are highly qualified to handle large amounts of money efficiently and securely. They can also offer a personalised, tailor made service designed to suit your exchange needs. You will be assigned a dedicated broker who will work with you and will offer support.

Foreign Exchange Brokers offer a fully automated service that is very convenient and easy to use. It is also likely that you will be offered an online account so you manage all your transactions and payments whenever you want. You can also book future transactions in advance to protect your finances and get the best rates. You will be given a variety of options that can protect you and your money against fluctuating exchange rates. It is really important that you take the time to compare which foreign exchange service to go for. There are various factors to look out for when choosing a Foreign Exchange broker. Check what currencies they can deal and what the transfer options are. The exchange rates are obviously the most important aspect to consider as they will dictate how much you will get for your money. Currency exchange rates fluctuate on a daily basis so you should keep checking them to get the best rate on your money.

Note that these FX companies are best used for larger transfers and transactions. For smaller transfers you should use a Money Transfer Service. Depending on which of the foreign exchange companies listed you choose, 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.

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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

World First
World First

2005
ASIC - AFS 302061
0.1% - 0.7%$0.00Australia bank to foreign bank or vice versa$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
Whatever your foreign exchange needs, World First is the UK's leading foreign exchange broker, offering private individuals & companies the ability to achieve significantly better currency exchange rates with exceptional service levels. With headquarters in London and offices in Australia, Hong Kong, Singapore and The USA. World First was the first foreign exchange broker FSA authorised to offer 'currency options' (hedging strategies). World First promise the best exchange rates, and an exceptional service that is fast, easy and secure. They can offer rates that are better than the banks because they take a smaller margin. World First is a large, safe organisation that offer the highest level of personal 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%-1.5% 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 $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 3 years in the future.
5. Minimum one-off transfer £250 or sterling equivalent.
6. Minimum regular transfer $250.
7. No commission and no transfer fees for amounts over £250 or sterling equivalent


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.

Currencies Direct
Currencies Direct

1996
ASIC - AFS 246838
0.2-1%$0 above $5000UK Bank to Foreign Bank or vice versa$100038

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 largest independent foreign exchange specialists. When you are making international payments for individuals you can benefit from their expertise in seeking the best possible rate, whether you are sending or receiving foreign currency. Currencies Direct help to protect you from exchange rate fluctuations and save you time and money on international payments. Whether you need to make a one-off payment Currencies Direct will be able to help you. 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.

AFEX
AFEX

1979
ASIC 305246, ABN 85119392586
0.1%-0.7%$10 under 10kWIRE, BPAY, Cheque$500081

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

BANK OF AMERICA Trust AccountsAFEX
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 transaction execution. Opening an account with AFEX is simple. There are no charges to set up an account with AFEX or to use our online payment system. The only fees you will ever pay are those for overseas transfer of currency. DETAIL INFORMATION >>Services

Services

Online foreign exchange payment system


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
3. No direct debit for private clients

Sable FX
Sable FX

1994
ASIC - 335126
0.2 – 1% based on volume$0Bank to Bank$022

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.

HSBC Trust AccountsSable FX
With a combined 25 years of experience in advising a wide range of personal and business clients, Sable FX has a professional edge. They have qualifications as chartered accountants, financial advisors, solicitors, MBAs and immigration consultants. 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 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

AxiCorp Financial Services Pty Ltd
AxiCorp Financial Services Pty Ltd

2002
ASIC 318232
0.1%-0.7%$0Bank to bank, Wire, Direct Debit$5000129

Currencies

BBD – Barbados BOB – Bolivia BRL – Brazil BSD – Bahamas BZD – Belize BMD – Bermuda CAD – Canada CLP – Chile COP – Colombia CRC – Costa Rica DOP – Dominican Republic XCD – East Caribbean GTQ – Guatemala GYD – Guyana HNL – Honduras HTG – Haiti JMD – Jamaica MXN – Mexico ANG – Netherland Antilles NIO – Nicaragua PYG – Paraguay PEN – Peru SRD – Suriname TTD – Trinidad & Tobago UYU – Uruguay VEF – Venezuela MIDDLE EAST BHD – Bahrain IQD – Iraq ILS – Israel JOD – Jordan KWD – Kuwait LBP – Lebanon OMR – Oman QAR – Qatar SAR – Saudi Arabia AED – United Arab Emirates YER – Yemen EUROPE ALL – Albania BYR – Belarus BAM – Bosnia BGN – Bulgaria HRK – Croatia CZK – Czech Republic DKK – Denmark EUR – Euro Zone HUF – Hungary LVL – Latvia LTL – Lithuania NOK – Norway PLN – Poland RON – Romania RSD – Serbia SKK – Slovakia CHF – Switzerland SEK – Sweden TRY – Turkey GBP – United Kingdom OCEANIA AUD – Australia FJD – Fiji XPF – French Polynesia NZD – New Zealand PGK – Papua New Guinea SBD – Solomon Islands TOP – Tonga VUV – Vanuatu WST – Western Samoa ASIA AFN – Afghanistan AMD – Armenia BDT – Bangladesh KHR – Cambodia CNY – China GEL – Georgia HKD – Hong Kong KZT – Kazakhstan KRW – South Korea KGS – Kyrgyzstan INR – India IDR – Indonesia JPY – Japan LAK – Laos MYR – Malaysia MNT – Mongolia NPR – Nepal PKR – Pakistan PHP – Philippines RUB – Russia SGD – Singapore LKR – Sri Lanka TWD – Taiwan TH – Thailand VND – Vietnam AFRICA DZD – Algerta AOA – Angola BIF – Burundi BWP – Botswana CVE – Cape Verde XAF – CFA Franc (Cameroon Chad, Central African Republic, Congo, Equatorial Guinea, Gabon) XOF – CFA Franc (Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo) KMF – Comores DJF – Djibouti CDF – DR Congo EGP – Egypt ERN – Eritrea ETB – Ethiopia GHS – Ghana GMD – Gambia GNF – Guinea KES – Kenya LSL – Lesotho LRD – Liberia MGA – Madagascar MRO – Mauritania MUR – Mauritius MWK – Malawi MAD – Morocco MZN – Mozambique NAD – Namibia NGN – Nigeria RWF – Rwanda SCR – Seychelles STD – Sao Tome SLL – Sierra Leone ZAR – South Africa SDG – Sudan SZL – Swaziland UGX – Uganda TZS – Tanzania TND – Tunisia ZMK – Zambia

HSBC Trust AccountsAxiCorp Financial Services Pty Ltd
AxiForex is an independent Australian provider of Forex services. They are experienced currency market traders with the skills to offer you dependable service and support. AxiForex are your foreign exchange and international payments specialist. A designated account manager will simplify the process of overseas transfers. Benefit from wholesale exchange rates due to their large currency conversion volumes and low overheads. AxiCorp works with you to remove unnecessary costs from foreign exchange transactions. DETAIL INFORMATION >>Services

Services

International payments, foreign exchange and risk management
AxiForex is regulated in Australia by ASIC. Australian Financial Services Licence No: 318232 ABN 85127606348.
AxiForex is a Member of the Financial Ombudsman Service (FOS).


Advantages

Advantages

1.No registration fee.
2.Personal service from a dedicated account manager.
3.You can hold a multi-currency foreign account with us
4.Easy online registration process. 
5.We are able to trade in over 120 currencies.
6.Wholesale exchange rates & no commission or transfer fees.
7.Hedging products are available for price protection.
8.24/5 market-watch service.
9.Same day delivery of funds.
10.Online platform available to all clients.


Disadvantages

Disadvantages

1. Minimum transaction amount of $5000.

TorFX
TorFX

2004
ASIC 246838
0.1 – 0.7%Free above $2KBank to Bank Transfers$2K40

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
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
20. Jordan JOD Dinars
21. Japan JPY Yen
22. Kenya KES Shillings
23. Lithuania LTL Litai
25. Morocco MAD
26. Mauritius MUR Rupees
27. Mexico MXN Pesos
28. Norway NOK Krone
29. New Zealand NZD Dollars
30. Oman OMR Rials
32. Poland PLN Zlotych
33. Qatar QAR Rials
34. Saudi Arabia SAR Riyals
35. Sweden SEK Kronor
36. Singapore SGD Dollars
38. Thailand THB Baht
40. Turkey TRY New Lira
41. Trinidad and Tobago TTD Dollars
43. United States of America USD Dollars
44. East Caribbean XCD Dollars
45. South Africa ZAR Rand 4
6. Croatia HRK Kuna
47. Kuwait KWD Dinar

WESTPAC Trust AccountsTorFX
TorFX are part of a group with an annual foreign exchange turnover in excess of $4 Billion with offices across Australia, UK and Europe, The US, India and South Africa. TorFX provide individuals and businesses with more competitive currency exchange rates against the banks across Australia and New Zealand ensuring a far better return for your overseas Dollar transactions. Registration is quick and simple and all transactions of $2K are free. DETAIL INFORMATION >>Services

Services

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


Advantages

Advantages

1. Save clients up to 5% against the banks on their transfers 
2. Personal account manager that clients can contact direct 
3. No fees or charges on all transfers above $2K 
4. Transfers sent from A – B within 24 hours 
5. Client segregated accounts with Westpac 
6. Regulated and authorized by ASIC and ANSTRAC 
7. Fix currency rates up to 2 years forward 
8. Free account opening and quick registration 
9. RG146 Qualified currency specialists


Disadvantages

Disadvantages

 
1. Certified ID for private clients 
2. No direct debit payments
3. Minimum $2K transfer

If you wish to speak to someone: Contact Us

Compare Foreign Exchange

Looking for the best Foreign Exchange Rates? For all your foreign exchange needs why not utilise the expertise of currency exchange specialists?

What is a Foreign Exchange Broker?

For all your money transfer needs a foreign exchange broker can help. They can offer the best choice for both large transactions and regular smaller transactions, whether you need to make a one-off payment immediately or require regular transfers abroad you can find a service that meets your needs. Foreign exchange specialists can save you time and money whether you are emigrating, selling or buying property abroad, you are looking to send money overseas to family or friends or you want to pay staff in another country. Why not work with currency exchange specialists.

Why not just go to your bank?

Many individuals would go to their banks first when looking into currency exchange but you are unlikely to get the most for your money. Foreign exchange brokers are currency experts who will be able to offer support and guidance as well as their expertise of the currency market. Many services offer great online systems which lets you manage all your foreign exchange transactions and payments 24/7. You can use the online service to make single or multiple payments book transactions for the future. They also offer a fully automated service is really convenient and easy to use.

How can Foreign Exchange Brokers get you the best exchange rates?

Foreign exchange brokers buy currency in bulk and can obtain wholesale rates and so their customers can make great savings. Foreign exchange brokers will offer highly competitive exchange rates which are extremely close to the interbank rate whereas banks will apply a significant margin to the interbank rate. Banks will also charge substantial transfer fees every time you transfer money overseas which means if you are making multiple transfers over the year this can become expensive. Banks also have considerably larger overheads and so to compensate will apply charges for using their services. Foreign currency specialists will not charge a fee on your overseas currency transfer, as long as you are sending above a certain amount.

How to find a Currency Exchange service

A great way to find buy currency in bulk the best service for you and your currency needs is to use the comparison table above. You should take the time to find out how much their service costs, what transfer methods are available and how long transfers will take before you apply. Always read the terms and conditions carefully and don’t be afraid to ask what different brokers can do for you.

How to compare currency exchange specialists?

When it comes to choosing which currency exchange specialist to choose you must ensure that you do your research. Read independent reviews, check the strengths and weaknesses of each individual company and familiarise yourself with the fees and charges. If you understand the company and check the ASIC credentials you will be in a good position to ensure you get the fairest and most cost efficient deal on your currency. Use the Which Way To Pay comparison grid to ensure that you do your research properly.

Foreign Exchange - Latest News News and Charts

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Bankwest Zero Credit Card

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