AFEX Money Transfer Review

afex
Margin Rate
Minimum Transfer
Transaction Fees
Transfer Timescales
Financial Regulation
1%
£5000
Depends on size & destination of payments
Sameday Transfers to 48 hours
Fsa authorised and regulated

AFEX Authorised by the Financial Services Authority under the Payment Services Regulations 2000 for the provision of Payment Services FRN 502593 AFEX Review

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Are AFEX reliable?

AFEX offers a comprehensive range of international payment and foreign exchange services, including foreign currency drafts, wire transfers, risk management tools and designated corporate account managers. AFEX can handle every aspect of a client’s foreign payment needs, from risk consultation to transaction execution

What’s good?

AFEX brings reliability and value to all its commercial and personal client transactions. Since 2003, the company has expanded rapidly, with a ten-fold increase in its UK business, expansion to the east coast of America, and new operations in Australia, New Zealand, and Sweden, as well as further expansion planned in the next months into Asia and Europe. AFEX is the fastest growing top-tier independent commercial foreign exchange provider in each of the markets in which it operates.

What’s not so good?

AFEX deal with all major currencies but due to banking restrictions do not deal with all currencies.

What is AFEX Customer service like?

Efficient is one word, from opening an account you will be assigned an account manager, if you are not happy a senior manager is always available to assist and the senior management team are always there to offer ways to save businesses money.

What is the Fee structure

If you are transferring it depends on the number, size and destination of your payments, if you transfer under then any bank charges may be payable.

Can I trust AFEX with my money?

AFEX hold consumer and business funds in a separate client account making sure your funds are protected at all times. In addition they are authorised and registered by the FSA.

Additional benefits and Services

  • 24/7 access to global trading
  • Live currency rates
  • Online spot and forward transactions
  • Multiple levels of security
  • Pay beneficiaries by wire, CHAPES, BACS, or draft.
  • Choose from several different settlement methods including wire, CHAPS, BACS, cheque and multiple settlement accounts through direct debit.
  • Multi user options with separate approval levels
  • Daily market updates
  • Access to detailed transaction history

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Customer Comments

10 Responses to “AFEX Money Transfer Review”

  1. Elaine Martin says:

    Thank you for making our transaction a painless procedure and for advising us as to the best time to change our sterling into euros.

  2. Marie-France Reeve says:

    Great service, good value too.

  3. Elizabeth Stevens says:

    A first class service. You’re always so friendly and helpful I wouldn’t want to go anywhere else. Thank you.

  4. Linda Davey says:

    We are very happy with the service that we receive from Jon Cawdell from Afex. We send money to Italy on a very irregular basis and he has set things up for us so that there is no form filling each time we send money.

    An email or phone call to him and things are done. All we have to do is click a button to say everything is ok. I just wish that the banks here were as efficient. In future we will have regular payments being sent over ie Pension and we would look no further than yourselves to do this.

  5. Jason Broxton says:

    Great service from Afex. Helpful, fast, efficient. So much easier than using the bank!

  6. David Storey says:

    We just love Jonathan Cawdell, he is the man saved me £1500 on my currency transfer.

  7. Edmund Bishop says:

    Superb service. Nothing is too much trouble. We would definitely recommend you to our friends and family.

  8. Helka Probert says:

    Excellent service once the account had been set up. Transfers have been trouble and worry free.

  9. Maria Gibson says:

    Very happy with our Currency Exchange transaction using Afex. Jonathan Cawdell was helpful and efficient and not at all pushy. Our situation changed dramatically and our original intention of transferring money to Australia was put on hold.

    A year later we needed to transfer funds the other way and remembered Jonathan Cawdell! We would definitely use their services again and have no hesitation in recommending them to others.

  10. Clive says:

    Best thing ever!!!

    Everything went really smoothly and it was very easy and CHEAP to transfer money. I am very happy with the service and i am recommending it to anyone..

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