How much would you like to transfer £

World First

World First

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£1000
0
0.9%
1.143
114,287.08 EUR
FCA Regulated

UKforex

UKforex

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
7
1%
1.142
114,171.75 EUR
FCA Regulated

Moneycorp

Moneycorp

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£250
0
1%
1.142
114,171.75 EUR
FCA Regulated

HiFX

HiFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£3000
9
1%
1.142
114,171.75 EUR
FCA Regulated

RationalFX

RationalFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£100
0
1%
1.142
114,171.75 EUR
FCA Regulated

Excel Currencies

Excel Currencies

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
5000 GBP
gets you
FCA Regulated
£1000
Free
1%
1.142
5,708.59 EUR
FCA Regulated

Managing Currency Exposure - Manage Currency Risk

Managing Currency Exposure -Manage Currency Risk

Different Currency Options available for Foreign Exchanges Services

Find out the different types of foreign exchange options available to personal individuals. We have listed below a basic outline of foreign exchange services offered by non-bank providers for Individuals looking to make international payments.

Overseas Regular Transfer Plan

Individuals with monthly or quarterly payment requirements are able to set up a direct debit for their regular transfers. The rate of exchange is based on the set day of the direct debit and removes the hassle of sending payment instructions on a monthly/quarterly basis for those who have regular commitments that need to be met. Certain providers will conduct regular payments for their clients free of charge but there is usually a minimum requirement for this service.

Rate Watch Facility

Most foreign exchange providers offer a rate watch facility whereby an individual can notify their dealer of the rate they are looking for and your private dealer will watch the rate for you and notify you as soon as your specified rate of exchange is achieved.

Spot contract

A spot contract is a one-off payment usually used by clients with an immediate requirement to transfer funds. Clients are offered the rate of exchange at the time they wish to conduct their transaction. A legally binding contract is set-up with the agreed rate of exchange and as soon as the funds are received in full, the money is transferred into the beneficiary account. Most non-bank providers send the money as express payments via SWIFT (Society for Worldwide Interbank Financial Telecommunications) a highly-specialized and secure messaging service ensuring monies are deposited as quickly and as securely as possible into the required account.

Forward contract

This is the buy now, pay later option of foreign exchange. It allows you to fix an exchange rate for up to two years and protect yourself against any movement in the market rates. Clients are offered a rate of exchange to which they agree on a specified timeline (options include 6 months and 1 year). A deposit (usually 10%) is required up front and a maturity date will be set based on the agreed timeline of the client requirements upon which full settlement of funds is expected. This option is popular with clients who would like to remain within a set budget and have international payments due on set dates in the future.

Time Option

This option is similar to a forward contract but allows you the flexibility to draw down some or all of your funds up to three months prior to the maturity date you have set. If you have to make staged payments for your property or require more flexibility than a forward contract allows this could be ideal for you.

Limit order

If you've got time to hold out for a really good foreign exchange rate, individuals are able to specify the rate of exchange they would like. A contract is agreed for the provider to purchase the funds on your behalf as soon as the specified rate is achieved. The provider will then transfer the funds when the level is reached.
Types of Foreign Exchanges Services
This option is ideal for when you don't have to make an immediate payment and you have a specific budget available.

Send Free Currency Payments

Make Large Personal Money Transfer Payments?

Open Personal Trading Account Need to make large international money transfer payments? Maybe One-off currency transfer? Open a free no obligation currency trading account. Once opened you can buy and sell currency online or speak to your account manager.

Business Currency Exchange Payments?

Open Business Trading Account Business currency exchange payments with tight margin rates. Not sure you are getting the best rate of exchange? Contact us today. Open a business currency trading account. Once opened trade currencies online or get currency advice from you account manager.

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