Picking a Good Currency Specialist!
All currency exchange companies offer the same type of contract and exchange options and they all buy money from the same market but at different rates. Now the foreign exchange industry is heavily policed and regulated nearly all follow similar procedures but the main difference is the quality of the service can vary widely and feeling comfortable dealing with your currency broker.
Ask yourself the following questions: as it really comes down to how you feel about the foreign exchange company.
Is the company you are looking at wanting to charge a set-up fee or upfront fee? – If this is the case do not use them, instead report them to us and we will be more than happy to investigate the company.
What you may / should pay for is this:
Questions you should ask yourself before you open an account.
All the currency transfer companies listed on Compare Money Transfer and pass our quality control guidelines where all are registered and authorised by the FSA. All companies listed operate segregated client accounts so if the company fell in to trouble your money would still be safe.
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