Top 10 reasons for using a currency exchange provider
Posted by Admin 1.09.2011 | 0 Comments
1. They are cheaper than the bank - Currency exchange providers would not exist if banks were giving you a good deal. Sending money abroad using a currency provider will leave you with more money to spend on your house or holiday.
2. Personalised service - Using a broker gives you access to a dedicated dealer who can guide you through the transfer process and keep you up to date with current market movements.
3. Quicker - Currency exchange providers are specialist payments firm handling thousands of payments every day. Because payments are all we do, we can speed up the transfer meaning the money is in your account faster.
4. No charges - Above £5000 there are no charges to pay, using banks can often cost as much as £30 per transfer.
5. Payment services - Currency exchange providers offer tailored payment solutions to fit your needs including regular transfers if you have monthly mortgage payments.
6. Market analysis - Currency providers offer market analysis which help keep you up to date with market activity.
7. Limit orders - Place orders to trigger at the specific rate you require, even if your dealer is out of the office.
8. Online system - You can trade 24 hours a day, 7 days a week on online platform IPAYFX giving you maximum flexibility in making your payments.
9. Rate watches - You can get your dedicated dealer to monitor the market and inform you when the rate moves in your favour.
10. Forward purchases - Take advantage of favourable rates and lock in an exchange rate ahead of time by forward buying your currency.
By Alistair Cotton, Currencies Direct, www.currenciesdirect.com
Currencies Direct is one of Europe’s largest independent foreign exchange specialists. The head office and global trading centre is based in the City of London, and it has offices across 5 continents, with a 2,000 strong franchise network of business partners and affiliates.
Currencies Direct are sponsoring “The Flavours of France” stage at The France Show 2012 where visitors can watch cookery demonstrations, interviews with authors Stephen Clarke and Carol Drinkwater and other live entertainment each day.