While using your bank for foreign currency transfers might seem like the
simplest option, using a specialist broker like TorFX can make the process more streamlined and
considerably more cost-effective.
After opening an account, agreeing a rate with your personal Account Manager and
receiving order confirmation, you’ll be asked to supply details of the beneficiary account before
sending your funds to your TorFX client account. After the funds have cleared, your foreign currency
is immediately sent to your beneficiary account – it’s as easy as that!
Ensuring the safety of our clients’ funds is hugely important to us. We operate
segregated client accounts*, adopt stringent compliance procedures and hold the highest level of
creditworthiness with Dun & Bradstreet.
*Our bank providers do not monitor the funds we place on safeguarding accounts or how we operate these
accounts. It is our responsibility to segregate funds.
As the foreign exchange market is so volatile, currency risk can be a real
concern. We appreciate that a bit of added security can really help put your mind at ease, and our
services reflect that. Transfer options like Limit Orders and Forward Contracts ensure that you can
protect funds from any adverse shifts in the market.
The daily currency updates provided by TorFX will keep you informed of the
latest developments, and your dedicated Account Manager will get in touch if the market shifts in your
favour. While it’s impossible to predict exactly how a currency will perform in the future, with TorFX
on your side you have a much better chance of getting the most for your money.