Currency Calculator by Send Money Home. Which Foreign Exchange Broker offers the best rate

Flag
1 GBP = 1.08865 EUR
Flag
1 EUR = 0.9186 GBP

View Providers Switch Currencies

Receive foreign currency for export

options instead of using a bank

How to select the best Foreign exchange provider to receive foreign currency for export

Selecting the best and cost-effective foreign exchange provider requires proper care and a thorough research on the part of the client. One has to first ensure that the service provider is authorized by a standard forex regulatory authority. All trading through your export Foreign exchange trading system should be transparent at all times and terms and conditions should be clearly stated. Your forex foreign exchange system should offer good “spreads”, generally 2-3 pips for all major forex currencies. Your currency foreign exchange system should offer automated execution features, supply charting tools and use technical indicators.

The system should be based on proved fundamental and technical analysis methods. It is vital to do research on your future FX trading system. You must ask for past performances records, historical and risk management features.

An ideal export specialist for foreign exchange system should have auto-trading features, allowing your trades to succeed even when you are not available. Multiple leverage ratios should be offered by your Foreign exchange systems, these should include 50:1, 100:1, 200:1 and 250:1 leverage ratios. The FX trading system should provide you facility of margin trading.

An ideal specialist export foreign exchange provider should have simple software to help you with your trading requirements. With the wide spread popularity of online trading systems one can avail the services online where one would get cost-effective foreign exchange dealing services.

Foreign exchange export specialists is likely to remain an important profit centre for banks and a closely watched market in the months ahead, as the spreading global economic slowdown heightens fears of competitive devaluations, especially in Asia. Market participants are also anxious to see the unfolding dollar policy of the incoming US administration. It seems certain that the foreign exchange market is due for some interesting times.

Paying for exports with little Currency fluctuations risk

As the currency value tends to fall or go up and the international business market is quite volatile, the buyer or seller always stands on risky ground to incur heavy losses with direct currency trading.

However, when using the services of authorised foreign exchange providers the risks can be minimised and the safety of the investment can be assured.

Companies or individuals can employ currency overlay managers who use a variety of hedging strategies to minimise the impact of a drop in currency values that would affect the overall value of the export or importing trade.

The online forex trading partner can enable users to gain a means of protection from currency risks in multinational transactions of all types. The online trading system is also very popular with businesses and investors as most of them are recognised by the FSA and they facilitate in currency exchange and provide the much needed risk management for them.

© 2017 : All Rights Reserved
Send Money Home 83 Ducie Street, Manchester M1 2JQ. +44 (0) 844 357 4755 - Email Us