Private Clients - Foreign Exchange Brokers
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.
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 dont 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.
21 October 2013
Which Way To Pay
If you need to transfer a large sum of money abroad TorFx Foreign Exchange brokers can offer a far better exchange rate than any bank can offer
13 May 2013
Sending money abroad nowadays is easier than ever. May be it is a gift you want sent to relatives abroad, or money for a son or daughter who studies in another country, payment of an internet purchase, or regular payments sending money abroad via a bank does not necessarily mean the best option.
24 July 2012 11:00am
Which Way to Pay
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20 July 2012 11:00am
Which Way to Pay
New Product!New Bankwest credit card customers pay only 4.99% p.a. interest on balance transfers for the first 9 months following approval of the card, so the sooner you transfer the outstanding balance from your non-Bankwest credit card to your new Zero MasterCard the better. Plus, for a limited time only, you will get a great 0% p.a. for 6 months on all your purchases.
24 May 2012 11:00am
Foreign exchange brokers will take the time to understand your foreign exchange requirements and will offer you some of the most competitive exchange rates you will find.