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!
When you use TorFX to handle your foreign currency transfers, you can relax in the knowledge that your money is safe and totally secure. TorFX is authorised by the Financial Conduct Authority, holds segregated client accounts with Barclays bank and has a Level 1 rating (the highest level of creditworthiness) from leading agency Dun & Bradstreet.
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.