Savings Tips To Get The Best Exchange Rates
Follow these tips and they will save you a fortune and get you the best exchange rates on your currency transfers securely with NO FEES.
Tip 1
If you have to perform a currency transfer - do NOT use a Bank. The Bank will not give you the best exchange rates and will make all kinds of expensive charges as well !. Instead use a good Foreign Exchange (FX) Broker - they specialise in International currency transfers. They should provide a charge FREE currency exchange with the best exchange rates. Use a Bank and you will literally be throwing money away.
Tip 2
People often use their Bank because "it's better the devil you know". BUT if you use an FX Broker which is fully regulated by the Financial Services Authority then your money is 100% safe. UK Brokers do NOT have to be regulated until
November 2011 so make sure you check that they are. More information
Tip 3
Use an FX Broker which does not make any charges whatsoever for the currency transfer. Some Brokers do - so CHECK !. Some Brokers require that you transfer a minimum amount as well. No point getting the best exchange rates and then losing out on hefty charges.
3 more Tips
Our Recommendation
We recommend Global Currency Exchange Network to all our clients. They specialise in currency transfers, offer a fantastic service, meet all the above criteria and as you will see later offer other advantages as well. Which ever Broker you decide to use - you will save money if you follow the above tips.
