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Purchase Foreign Currency

One of the best investments expatriates can make is through the forex market. This is where people sell their own currency or purchase foreign currency, according to which transaction is more profitable at a certain time. Usually, when the local currency is strong, a forex trader will take advantage of this strength by buying other currencies, when it’s weak, the trader can sell the stronger currencies he had purchased when the local currency was strong. The trade is not simple, however, and people have to train and take up advanced studies to sell or purchase foreign currency in a way that the transaction gains profit for the investor.

Contact A Money Transfer Broker Today

Most of the foreign exchange brokers named on our comparison table will offer you rates that are far better than traditional banks.

As these specialists transfer thousands of Pounds, Euros and Dollars every day they can offer a better exchange rate while still making a very little margin for themselves.

This service will prove particularly important when you:
                  • Make regular payments (Mortgage, Pension, Salary…)
                  • Buy a property abroad
                  • Invest overseas
                  • Emigrate
                  • Transfer large amounts overseas…

Compare the foreign exchange companies and apply through the request form to get the best margins or rates.

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Get free, no obligation quotes from leading foreign currency specialists.
  Margin Margin
description
FSA HM REV
& Customs
Fee Min Currencies Options

Currency Index

Currency Index
0.60% 0.25% - 0.60% (Depending on volume) Yes Yes £7 or £12 - No fee above for transfers above £30,000 No minimum Wide range of major and exotic currencies Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order

Currency Index is a specialist foreign exchange brokerage, providing fast and secure international transfers for individuals and businesses. Our service is second to none with excellent rates of exchange on a wide variety of currencies and our professional teams of brokers are here to provide guidance.

  • Get A Free Quote Currency Index
  • More info Currency Index
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TorFX

TorFX
0.70% 0.25% - 0.7% (Depending on volume) Yes Yes £0 on trades above £5,000 £250 37 accounts Spot Contract, Forward Contract,Limit Order, Stop loss Order

TorFX helps individuals and companies who need to make currency transfers, providing bank beating exchange rates, specialist advice and free international transfers as an alternative to using the major banks. 

  • Get A Free Quote TorFX
  • More info TorFX
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Ebury Partners

Ebury Partners
0.6% 0.1 to 0.6% depending on volume yes yes £10 on amounts below £5,000 £1,000 51 Accounts Spot, Forward

Ebury Partners is a currency exchange specialist offering the best rates possible - typically savings of up to 4% over what your bank will offer - along with personable, consultative client service. If you’re looking to move money abroad - be it a one-off or regular payment, to buy a home or even emigrate completely - Ebury Partners will save you money and make the entire process as quick and pleasant as possible.

  • Get A Free Quote Ebury Partners
  • More info Ebury Partners
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Voltrex

Voltrex
1% 0.1% - 1% (Depending on volume) Yes No £0 £1,000 27 accounts Transfers from and to bank accounts

VFX handles currency conversion for private individuals and businesses, offering a reliable, guaranteed service with the best exchange rates.

 

  • Get A Free Quote Voltrex
  • More info Voltrex
More info on Voltrex >

World First

World First
1% 0.25% - 1% (Depending on volume) Yes Yes £0 on trades above £5,000 £1,000 (£250 for regular payments) ALL currencies Bank to Bank transfer

World First is one of UK’s leading foreign exchange broker headquartered in London, with further offices in Australia and New Zealand. World First is a privately owned company with no debts or liabilities and a 2A1 Credit rating.

  • Get A Free Quote World First
  • More info World First
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Moneycorp

Moneycorp
1% 0.25% - 1% (Depending on volume) Yes Yes £0 £3,000 or £250 Regular Payments 76 Currencies Bank to bank - one off or regular payments

Moneycorp specialises in foreign exchange and international payments and can help protect you from adverse currency fluctuations. They can also help you lock into favourable exchange rates, even if you don’t have all the funds available immediately.

  • Get A Free Quote Moneycorp
  • More info Moneycorp
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Guides & Articles for Purchase Foreign Currency

How not to get currency crunched

As if that isn't bad enough, Brits moving abroad who use a high street bank to switch currencies are also susceptible to unnecessary charges. These can include commission fees (add approximately 2% of the amount transferred) and transfer charges (which can be as much as £25 per transfer). Finally, warns HiFX, depending on where the money is being sent, expats must expect to be clobbered for a further 0.5% by the receiving bank. Read More >

Using a Foreign Exchange Broker – The Dos and Don’ts

-Don’t let yourself become involved with a broker that has inflexible or muddled business practices. Complex does not necessarily mean correct. Dishonest firms and brokers will often resort to procedures, payments and practices that are complicated or even impossible to track as a way to discourage customers from investigating their business too closely.Read More >

PayPal, Xoom, Ikobo, Obopay: Exploring Online Remittance for Expat Bill Payment

PayPal has a good reputation. Money gets transferred from one PayPal account to another instantly worldwide, while their charges are transparent. The only difficulty with PayPal is getting your money out of the account. You don’t get a plastic card to withdraw funds so although you can use the money in your PayPal account to purchase goods, if you want real cash you have to transfer it to a bank account, debit or credit card and this can take time: in fact several days. For US residents,...Read More >
More articles & guides for Purchase Foreign Currency
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Articles & Guides
  • Learn More About CurrencyFair For Moving Money
  • What Is the Best Way to Transfer Money?
  • Using a Foreign Exchange Broker – The Dos and Don’ts
  • Western Union, Moneygram, RIA Financial: Go Online and Never Visit Money Agents Again
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Foreign currency and currency exchange are daily hassles for those living abroad, but with ExpatFinder you can send money through remittance companies and transfer money to your loved ones easily and quickly. Money transfer and foreign currency exchange has never been easier than with ExpatFinder. Learn all about international money transfers and compare to find the best currency exchange rates and more, all the while knowing you are saving money by using the best currency exchange companies with the best rates.

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