TorFX is a leading foreign currency exchange broker, offering ultra competitive rates for international currency exchange. Our customers benefit from an unrivalled personal service and substantial savings on currency transactions.
1) Is my money safe?
2) How can TorFX save me money?
3) How does the process work?
4) Can I leave an order for TorFX to execute if the market reaches a certain level?
5) Can I change money back into sterling for repatriation to the UK? (British person living abroad)
6) How quickly can I make a transaction?
1) Is my money safe?
Yes. When you make a currency transaction through TorFX, your funds are lodged in a segregated client bank account with Barclays Bank PLC, in the same way as your solicitor holds client funds. Our client accounts are independent of our company accounts. A bankers' reference can be provided upon request.
2) How can TorFX save me money?
TorFX conducts high volumes of transactions through our chosen market makers (market makers means a
major bank or financial institution that deals in the FX markets). The rates we get are therefore significantly better than those offered by high street banks. We make our money from the market "spread" (the difference between the buying and selling price), and therefore we do not charge our clients commission.
3) How does the process work?
- Complete our registration form and send return it by post, fax or email.
- Discuss your requirements with your personal account manager and agree an exchange rate when you are ready to do so.
- We send your currency to the account you nominate. All payments are made by TT/CHAPS, and are free of charge (*one free payment per transaction)
4) Can I leave an order for TorFX to execute if the market reaches a certain level?
Yes, this is called a limit order. If you wish to deal at a better level than the current market price, you can leave a limit order. We will then monitor the market and make sure your order is completed if the market reaches your specified level.
5) Can I change money back into sterling for repatriation to the UK? (British person living abroad)
Yes. If you have sold your property or other assets abroad, and wish to change your money back into sterling we can do this for you.
6) How quickly can I make a transaction?
Once you are registered with TorFX you can deal instantly. Exchange rates are agreed on the telephone, and you will be sent a contract note confirming the transaction by fax or email. Your currency will be sent to your nominated bank account within one business day of receiving your payment. |
