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.

If you wish to speak to someone: Contact Us or Enquiry Line: +61 (0) 2 91912624

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

Direct FX
Direct FX

2001
ASIC - AFSL 291471
.75% max from interbank spot rate.$0Bank to Bank$500014

Currencies

Australian Dollar (AUD)
Canadian Dollar (CAD)
Euro (EUR)
Great British Pound (GBP)
Hong Kong Dollar (HKD)
Japanese Yen (JPY)
New Zealand Dollar (NZD)
Singaporean Dollar (SGD)
South African Rand (ZAR)
Swiss Franc (CHF)
United States Dollar (USD)
Norwegian Krone (NOK)
Swedish Krona (SEK)
Danish Krone (DKK)

N/ADirect FX
Direct FX is Australasia's leading foreign exchange and money transfer payments broker. Having been established since 2001, they are the only broker used by Banks, as well as Private and Business Clients. They arrange over 140 billion in foreign currency transactions annually. Direct FX is proudly Australasian owned and operated and specialise in not only providing the best rates, but the best service. That's why Banks use them too. Best rates, best service, trusted and secure. They do not charge personal or business clients fees. DETAIL INFORMATION >>Services

Services

1. One off transfers/payments/receipt of funds. (asset purchase, migration, import or export needs, investment allocations)
2. Regular Payments (offshore mortgage payments, salary transfers, living allowances, gifts)
3. Forward contracts (lock in today’s rate for settlement at a date up until one year forward)
4. Spot contracts - standard two day settlement transfers
5. Order taking -  Apart from transacting directly at current market levels, our clients have the option of loading Limit or Stop Loss Orders with us. Limit and Stop Loss orders can also be watched in conjunction with each other, with one cancelling the other if struck.
6. Weekly FX commentary on 13 different currency pairs and overall market conditions
7. Daily updates on currencies of interest to clients and current influences


Advantages

Advantages

1. Spread margin .75% maximum from the interbank spot rate.
2. Potentially when compared to transferring via a traditional bank, we can save clients up to 3% of the transaction amount. That is $3,000, per $100,000 transferred.
3. Our online application process is simple and painless.
4. We do not charge any transaction fees.
5. We keep clients well informed of the progress of their transaction at all times.
6. Clients can leave orders with us to target a specific exchange rate. Unlike a bank, we will watch orders of very small amounts.
7. We are proudly Australasian based and independently owned and operated. We are specialists in the antipodean currencies.
8. Our weekly FX commentary is written in plain and easy to understand language. It gives a broad market overview and covers 13 different currency pairs that are of interest to our clients. We encourage clients to offer it to anyone with an overall interest in the financial markets. You do not have to be a client to enjoy this great commentary.
9. We are able to offer you in depth market knowledge. Our dealers have over 200 years experience between them, and facilitate over 140 billion USD worth of foreign exchange per annum.
10. We offer a more intimate service than many provides. We are not a global behemoth, or a bank in sheep’s clothing that does not appreciate your business. Our aim is to make clients feel comfortable when making transactions by clear and transparent pricing, great market information and the easy going nature of our dealers. Our ever growing list of testimonials, speak for themselves. Keep it local.


Disadvantages

Disadvantages

1. We are not able to offer our service for amounts under 7,000 AUD or equivalent.
2. We take very seriously our attention to detail with regards to identification documents, if you cannot provide these, you cannot use us.

World First
World First

2005
ASIC - AFS 302061
0.1% - 0.7%$0.00Australia bank 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

CITI Trust AccountsWorld First
World First offer significantly better foreign exchange rates. 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. They can offer rates that are better than the banks because they take a smaller margin. While World First is a large, safe organisation, they still offer the highest level of personal service. It’s completely free to open an account and it only takes a few minutes. 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

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.

If you wish to speak to someone: Contact Us or Enquiry Line: +61 (0) 2 91912624

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.

Foreign Exchange - Latest News News and Charts

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Aussie Below Parity as Europe Crisis Deepens

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The Aussie dollar remained below parity against the US dollar today, the first time this has happened since 12th October. The slump has been attributed to the eurozone debt crisis.

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