Bank Exchange Rates for Money Transfers

HIFX
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Co Operative Bank
Margin Rate: %
Minimum Transfer: £5000
Transaction Fees: £25
FCA Regualted: FCA Regulated
Barclays
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Santander
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £25
FCA Regualted: FCA Regulated
Halifax Bank
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Agricultural Bank of China
Margin Rate: 6%
Minimum Transfer: 5000
Transaction Fees: 25
FCA Regualted: Not FCA Regulated
Paypal
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: Not FCA Regulated
Post Office
Margin Rate: 2%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
ICICI Bank
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £25
FCA Regualted: FCA Regulated
Transfergo
Margin Rate: %
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: Not FCA Regulated
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Alternatives and Convenient way to transfer money overseas via foreign exchange company instead of your bank

In the United Kingdom, around 14% of money transfers are done via non-banking foreign exchange companies. Do you know the reason behind the popularity of foreign exchange companies? It is because these foreign exchange companies provide much better exchange rates and also make cheap payments than customer’s high street bank. Then they can also offer currency exchange professionals and money transfer experts that can give solid advice and information based on exchange market where many high street banks can not do due to non qualified staff. Currency experts and the information help customers and investors to transfer money pretty safely and bank exchange rates or foreign exchange company UK is at a much more advanced stage making them a better option than using your bank.

A good foreign exchange company or broker is a must to trade foreign exchange successfully. Most foreign exchange companies have strong trading strategies that allow dealing directly in the foreign exchange market. Good foreign exchange companies allow people to trade like professionals. Further, the money transfer is done very quickly with the best currency exchange rates rather than using bank exchange rates for a currency trade.

 Are bank exchange rates safe to use? 

Safety is the most important factor when you choose a foreign exchange broker or company or even a bank. In a best foreign exchange company, all data is correct at the time of publication. As mistakes are prone to occur sometime, amendments will be made instantly once they are detected. Apart from that the exchange company will help you in dealing in the exchange market. It will let you know about the currency movements from time to time. This will ensure huge profit as you will be able to save a lot of money in the money transaction. As a whole, the services of a foreign exchange broker are trustworthy and reliable.

If you are a UK citizen, you may be interested to know good bank exchange rates companies in UK. To know more about the functionality of a foreign exchange company in the UK, you can just visit Compare Money Transfer This particular website will provide you solid information to have easy transaction.

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