You set the exchange rate and we'll do the rest. Our dedicated Treasury Sales Officers are also there to provide expert assistance in potentially meeting your Foreign Exchange goals. Because currency markets fluctuate, there is always a risk with any FX product that you could lose some of your capital if you make a trade and then immediately decide to switch back to your original currency. For this reason our FX solutions, including FX Order Watch, are best suited to experienced investors and those clients who already operate in more than one currency, or those who are prepared to accept the risk that currencies can fluctuate Please read the full terms and conditions of our FX Order Watch service.
Regulation
You place one order and we make the trade if the currency hits your desired level within the timeframe. If it doesn't, the order expires. You place two orders at the same time. Whichever target is hit first, that trade is executed and the other order is automatically cancelled. If neither target is hit by the end of the term, the order expires. Access Forex Trading.
Best UK Currency Brokers for Currency Transfers
Preferred shares are issued over a fixed period of time with an agreed rate of interest. UKForex specialises in offering corporate customers the exchange rates, risk management products and service usually reserved for large companies only. Have the ability to offer a world class, online international payments solution to your staff members and customers. Book and track your international money transfers all from the palm of your hand!
Free online currency calculator for over 50 currencies. Compare up to five pairs of currency exchange rates. Get free charts, news and commentary. Check out seasonal patterns, long term charts, raw data, period average exchange rates and much more. View live currency exchange rates and charts for major currency pairs. Check out the exchange rates our customers receive versus the interbank rate.
Weekly currency news recap and outlook on the week ahead. The latest currency market news brought to you by Reuters.
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Real-time economic calendar with upcoming events and data releases that can influence currency markets. With the U. The safety of your money is an important part of our business. Check our supported currencies list for the currency you need. Watch this short video and see how easy it is to send money overseas. Guide on how long your funds will take to arrive when using UKForex. We are an innovative and dynamic business that offers unique opportunities to the right people. Add a profitable revenue stream to your website or business by partnering with us.
Thousands of websites are already doing it. Detailed information about our regulatory and legal environment. Visit our Media Centre to read published articles and press releases. Find answers to any query you might have regarding overseas money transfers in our FAQ section. People make overseas purchases for a variety of reasons - whether it's a boat, plane, car, horse or something else that you are looking to buy from another country, then you may need to make an international money transfer to cover the cost of that purchase. Naturally you'll want to get the best value for your money so the rate of exchange you are quoted is very important.
You'll also be allocated your own, dedicated foreign exchange dealer to help you develop a strategy to optimise the timing of your transaction.
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At UKForex, we give you the control. Lock in an exchange rate now for delivery today, tomorrow or in the future so you can avoid any nasty surprises and know exactly how much will arrive at the destination of purchase. You are using Internet Explorer 10 and you are going to be redirected to a page that does not support Internet Explorer You will need to change you browser's compatibility mode as per the following link.
OFX uses cookies on this website to understand how visitors use our website and this is then used to improve visitor experience. You have the ability to change these cookie settings. JPMorgan, Deutsche Bank and Citi trade the highest volumes with the majority of FX traded by financial institutions such as hedge funds and pension funds.
Banks still remain the go-to option for large corporates and financial institutions as the volume in which these companies trade is so vast that banks offer competitive spreads and a huge variety of hedging solutions including forwards, swaps and options. Small businesses and individuals however were and still are being mistreated by the banks by being overcharged in international payment fees and extortionate FX spreads. As many of the major global banks were based in London it was ex-bank staff that identified the opportunity to fill a major whole in the market that their employers were not — providing a premium FX service to individuals and smaller corporates.
Offering fair rates and a variety of hedging solutions to these clients too. With the UK gaining an early jump-start against other nations it has remained the global hub for currency brokers. Exactly how many currency brokers there are in the UK will depend a lot on your definition of a currency broker. As we have previously highlighted our determination of a currency broker, that is relevant to MoneyTransferComparison. Currency brokers to us are distinct in that they do not offer speculative trading but rather currency exchange with payments.
Also known as deliverable FX. Prior to this move there were literally hundreds of currency brokers in London and the UK but when the new regulations came in many of these firms either shut or were acquired by the larger currency brokers based in London. These days there is a good mix between regulation that protects customers and new entrants joining the market if they are able to carve out their own niche. We have listed 25 UK currency brokers on this page but we are sure there are more smaller currency brokers offering a bespoke and personal service to clients. We endeavour to continue our research and add new brokers to our site on a regular basis.
As reflected in the section above, it is evident that our goal is to provide detailed coverage of the currency transfer industry. Not only compare currency brokers and write thorough reviews describing the nature of their services, but supply the reader with a comparative overview laying out the pros and cons of each company against its peers. For us the list of the best currency transfer brokers that we have compiled focuses on companies which have a strong trading history and reputation over anything else.
The concept of trust and security is, based on our market research, the most decisive factor for our target audience who are mostly interested in large-scale currency transfers. State of the art security and stellar reputation help prospective clients trust the service more than anything else.
What our customers say
Our reviews are composed of the following parameters which are taken into consideration upon assigning ratings. Hence, our decision in regards to the best currency brokers is well-thought and dynamic, based on the most recent data we have for each company, as we continuously update our reviews, and compare currency transfer options. Virtually all of the factors we have listed above to determine the best UK currency brokers apply in determining the best currency brokers for business.
Aspects that are particularly important for businesses, who generally have more complex FX requirements, will be a wide-variety of hedging solutions and an appointed, experienced account manager. The best currency brokers for business will have a dedicated business team that are more familiar with batch payments, payroll and currency options. All of the brokers recommended in our top 10 UK currency brokers have dedicated business teams and business solutions.
For this reason, these brokers on the whole, can also be regarded as the best currency brokers for business. The exception to this is Transferwise now Wise money transfer who provide separate business solutions but do not have an account management team. Currencies Direct , Moneycorp and Global Reach also provide currency options — providing corporate clients with even greater hedging flexibility in the currency markets.
Read our guide to business foreign exchange services here. Yes, our most recommended currency brokers are UK based. However, due to their international footprint, they serve clients almost internationally. If you live outside of the aforementioned areas, a UK currency broker may not be able to serve your requirements.
How can any customer trust an international currency provider to an extent that they will fund a transfer of tens of thousands of pounds or any other currency before it is actually taking place? What happens if a currency transfer specialist like that goes bottoms up, is that hard-earned money gone in this scenario?