GC Partners for currency moves ?
Nov 13th 2019, 12:16 pm
#1
Forum Regular
Thread Starter
Joined: Oct 2019
Location: Porches, Algarve
Posts: 75
GC Partners for currency moves ?
Hi just wondered if anyone has used GC Partners based in the UK and Vilamoura in the Algarve
Nov 19th 2019, 11:12 am
#2
Just Joined
Joined: Nov 2019
Posts: 3
Re: GC Partners for currency moves ?
Hi Andy,
I haven't personally used them but know they are legitimate and well known in the industry (a good choice therefore)!
Would always recommend getting a quote from an well established FX company rather than going straight to your bank. <snip>
Thanks,
Jenni
I haven't personally used them but know they are legitimate and well known in the industry (a good choice therefore)!
Would always recommend getting a quote from an well established FX company rather than going straight to your bank. <snip>
Thanks,
Jenni
Last edited by christmasoompa; Nov 19th 2019 at 11:21 am. Reason: Please re-read our Site Rules - you may not 'direct anybody to your services'.
Nov 19th 2019, 12:19 pm
#3
BE Forum Addict
Joined: Jun 2012
Posts: 3,032
Re: GC Partners for currency moves ?
All these FX services are suspect; you put your money in one end and it comes out the other, their reputation gets established, they handle more money, but who are the principles, who backs it if it suddenly goes under with your money?
Premier FX did just that, and all the claims of security they had on their website were suddenly not true. Everyone was singing their praises until the day before they failed.
Almost everyone.
Be very, very careful with these services. Are they really living on the 0.1% they claim, or is it a scam waiting to snap shut with your money in it?
My advice is to never transfer more than you can weather losing. If you need to exchange / transfer a large sum do it in 10 installments.
Someone wrote that western union has competitive rates; they're a century old with ten thousand offices so your odds are better.
Premier FX did just that, and all the claims of security they had on their website were suddenly not true. Everyone was singing their praises until the day before they failed.
Almost everyone.
Be very, very careful with these services. Are they really living on the 0.1% they claim, or is it a scam waiting to snap shut with your money in it?
My advice is to never transfer more than you can weather losing. If you need to exchange / transfer a large sum do it in 10 installments.
Someone wrote that western union has competitive rates; they're a century old with ten thousand offices so your odds are better.
Nov 19th 2019, 12:59 pm
#4
BE Forum Addict
Joined: Jan 2016
Posts: 2,320
Re: GC Partners for currency moves ?
Look at Transferwise for quick, easy transfers unless moving large amounts
Nov 19th 2019, 4:50 pm
#5
Just Joined
Joined: Nov 2019
Posts: 3
Re: GC Partners for currency moves ?
All these FX services are suspect; you put your money in one end and it comes out the other, their reputation gets established, they handle more money, but who are the principles, who backs it if it suddenly goes under with your money?
Premier FX did just that, and all the claims of security they had on their website were suddenly not true. Everyone was singing their praises until the day before they failed.
Almost everyone.
Be very, very careful with these services. Are they really living on the 0.1% they claim, or is it a scam waiting to snap shut with your money in it?
My advice is to never transfer more than you can weather losing. If you need to exchange / transfer a large sum do it in 10 installments.
Someone wrote that western union has competitive rates; they're a century old with ten thousand offices so your odds are better.
Premier FX did just that, and all the claims of security they had on their website were suddenly not true. Everyone was singing their praises until the day before they failed.
Almost everyone.
Be very, very careful with these services. Are they really living on the 0.1% they claim, or is it a scam waiting to snap shut with your money in it?
My advice is to never transfer more than you can weather losing. If you need to exchange / transfer a large sum do it in 10 installments.
Someone wrote that western union has competitive rates; they're a century old with ten thousand offices so your odds are better.
My honest advice is go to your bank and get a quote, go to at least 2 FX companies which have local offices in the country you’re buying (as they trade that currency a lot so you will get a great rate), and compare quotes. Only go for companies who have been around in the industry a long time.
I work for a competitor to GC partners, so you can trust me when I say they are a good reputable company (as I have nothing to gain by telling you this).
Transferwise, Revolut etc are only good for small lump sums but you are capped so not good for property purchases/ sales. They give better rates as they have no overhead costs (offices, dedicated account manager etc). Again in my opinion not good for property purchases as you probably want to speak to someone about your needs and do a ‘forward contract’ when the rate is in your favour to lock it in!
I hope that this helps!
Thanks!
Nov 20th 2019, 11:16 am
#6
BE Forum Addict
Joined: Jul 2009
Posts: 1,835
Re: GC Partners for currency moves ?
Personally, I fail to see the attraction of offices, dedicated account managers etc that I'm never going to see - I'd rather just get a better exchange rate.
