Top Picks – Specialist Money Transfer Companies

MONEY TRANSFER BROKER SERVICES

BROKERS – QUICK OVERVIEW

BROKERS – INFORMATION IN MORE DETAIL

TorFX have fast become one of the UK’s leading and largest foreign currency exchange specialists assisting over 50,000 private individuals and 4,000 businesses with their foreign currency transfers to and from most countries worldwide. More info

Since 1996 Currencies Direct have helped more than 150,000 satisfied customers save money on their international currency transfers by offering bank-beating exchange rates* and removing transfer fees and hidden charges. More info

WorldFirst is one of the leading foreign exchange companies in the UK and was founded in 2004 with the sole aim of improving the experience clients have when transferring money around the world. More info

Launched in 1998, OFX now have offices worldwide in Sydney, London, Hong Kong, San Francisco, Toronto and Auckland; To-date OFX has handled over £50BN in foreign exchange transfers on behalf of over 300,000 customers. More info

Formed in 2005, Global Reach has grown to become one of the largest currency brokers in the UK. As a business Global Reach have always placed a priority on customer service and ensuring that the client receives the best possible exchange rate. More info

Currency Solutions Ltd was founded in 2003 by Harry Enver, Dr Tien Tran and Robert-Lee Griffith. Since its beginning, the firm has increasingly grown, in an attempt to capture new market trends and serve the changing needs and demands of its clients. More info

Money transfer specialists are companies or financial institutions that specialise in providing services for transferring money from one currency to another. These specialists offer more favourable exchange rates and lower fees compared to traditional banks, making them an attractive option for individuals and businesses needing to transfer funds internationally.

Currency transfer specialists typically offer the following services:

1. International Money Transfers: They facilitate the transfer of money from one country to another, allowing individuals and businesses to send funds abroad for various purposes, such as paying bills, making investments, or supporting family members.

2. Favourable Exchange Rates: These specialists often provide more competitive exchange rates compared to traditional banks, allowing customers to get more value for their money during the currency conversion process.

3. Low Fees: Currency transfer specialists typically charge lower fees for their services compared to traditional banks, which can result in cost savings for customers.

4. Forward Contracts: They may offer forward contracts that allow customers to lock in an exchange rate for a future transfer, protecting them from adverse currency fluctuations.

5. Currency Hedging: Some specialists offer hedging services to help customers mitigate currency risk when conducting international transactions.

6. Personalised Services: Many currency transfer specialists provide personalised assistance and advice to help customers optimize their currency transfers based on their specific needs.

7. Online Platforms: They often have user-friendly online platforms or mobile apps, enabling customers to initiate and track their transfers conveniently.

When choosing a currency transfer specialist, it’s essential to consider factors such as exchange rates, fees, transfer speed, reliability, and customer support. Additionally, it’s important to ensure that the chosen company complies with all necessary regulations and has robust security measures in place to protect customers’ funds and personal information.

Always conduct thorough research and compare different options before selecting a currency transfer specialist that best suits your needs.