Our Verdict: OFX launched in 1998 and have 80,000 clients worldwide. They typically offer far better currency rates than mainstream banks. This is combined with a great service and an easy way to receive and transfer money internationally. With OFX, there is no need to be outraged anymore by bank rates. Offer both a telephone and online service.
Moneycorp
HMRC :
FCA :
Trust Accounts :
One Off Transfers
Regular Payments
Hedging Service
FX Market Guidance
Business FX Online Platform
Our Verdict: Perhaps one of the most well known and established foreign exchange companies. Moneycorp have been in the industry for over 30 years, they started dealing in foreign exchange in 1979. Pride themselves on bank beating rates and lowest fees around. With over 600 employees and 11bn GBP traded in currencies last year, your money transfers are in safe hands. Offices in the UK (London), Spain and USA (Florida).
Wise
HMRC :
FCA :
Trust Accounts :
Peer to Peer Money Exchange
One Off Transfers
Regular Payments
Our Verdict: Wise, with its innovative peer to peer approach to money transfer, provides customers with mid-market (interbank) exchange rates and an exceptionally low fee structure. Wise charges a 1 GBP fee for transfers below 200 GBP. Above 200 GBP, Wise charges a variable, clearly stated service cost - always less than 0.5% of the total amount being transferred.
NOTE: The prices displayed above are an 'exchange rate guide' and for indicative purposes only. It may not be the exact final dealing rate that you receive when making an international payment. Exchange rates constantly change throughout the day and can change at the time of booking a trade. They are based on an average margin currency specialists generally will take - added to a near live interbank rate for your specified trade size. Rates can only be guaranteed at the point where a purchase of foreign currency is conducted either online or by telephone. To access a final dealing rate (otherwise you will only be quoted an 'indicative rate') you will need to open a free account with a foreign currency specialist above.
Click quote/apply on the provider best suited to your foreign exchange requirements.
