British Expats - FX Broker

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- - FX Broker (https://britishexpats.com/forum/expat-finance-201/fx-broker-835717/)

Looking to change my FX broker. Rates I am getting now are not as competetive as they have been in the past. Recommendations?

Hi Aviator, I would recommend either Global Currency Exchange Network or IFX Network. If you would like a personal contact for either I will happily PM you their information.

Quote:

Originally Posted by CraigM (Post 11298280)

Hi Aviator, I would recommend either Global Currency Exchange Network or IFX Network. If you would like a personal contact for either I will happily PM you their information.

Thanks. I have just negotiated a deal with my current broker. It seems the prospect of us moving our account sparked some interest.

That's great news, I can imagine they wouldn't want to lose any business.. Good Luck

Quote:

Originally Posted by CraigM (Post 11302468)

That's great news, I can imagine they wouldn't want to lose any business.. Good Luck

Tried negotiating FX for non cash items with my bank, they seem to have become less than accommodating these days. Their loss, we set up an EFT facility with broker and use the FX broker for all transactions now. At least I don't have to leave my desk to do it!

As long as you are now sorted, and happy with your FX Broker. And, if you don't have to even leave your desk!!! What more could you want :thumbsup:

My strong advice is to use a currency transfer specialist, as they can beat bank rates every time and some even do the transfers for you without any fee at all. I wish I could advise you of one company that will always give you the best rates the problem is that they all change their rates so many times a day to adjust for currency fluctuations in the market it is not possible to say any one company will constantly give the best rate. Remember when choosing a specialist to use one that is fully licensed and regulated by all the authorities in the country in which it operates from to make 100% sure you money is safe. I personal use a specialist company that can get the best me the best rates every time by checking instantaneously the rates of all the transfer brokers and for no fee get me the best rate. If you need advice just pm me and I will Help as much as I can. One last thing to consider is looking at independent forums when choosing a specialist. That way you can actually see from the clients from which ever firm you decide to use how trustworthy and honest the company really is. Good luck in your search and I wish you well. John