Choosing the best forex company for you
Forex companies, or foreign exchange companies, are a relatively new concept. Traditionally, expats have relied heavily on banks to provide forex services, partly due to the ease of using your existing bank account, and also because they are deemed more trustworthy than forex companies of the past.
Since the advent of the internet, the number of forex companies have risen, along with decreasing transfer fees and better exchange rates.
This has meant that choosing the right forex company to manage your currency exchanges and international money transfers has become substantially more difficult.
The best forex companies for expats
We have collated a number of forex companies who we believe offer expats around the world outstanding value and benefits, and we have listed them below for you to compare and evaluate for yourself.
TORFX PERSONAL TRANSFERS
With headquarters in the south-west of the UK, TorFX are slightly different to many forex companies. With over £3bn traded per year and offices located around the world, TorFX are able to manage over 50,000 private clients as well as 4,000 corporate clients globally.
AT A GLANCE
- Option of fixed exchange rates
- Account manager for all private clients
- 0% commission on money transfers
- No transaction fees for money transfers
- Online account
FEES AND CHARGES
- Forex Transfer fees
None
WORLD FIRST
World First is an award-winning currency exchange company that makes transferring money overseas faster, cheaper and easier. They offer excellent exchange rates, great customer service and are FCA regulated. Join the 280,000+ clients around the world who benefit from their services.
PERFECT FOR PEOPLE WHO
- Buying or selling a property overseas
- Working abroad and repatriating your salary
- Paying international school fees or living expenses
- Making regular international transfers
IMPORTANT FACTS
- No fees for private individuals
- Best Rate Guarantee solution
- Dedicated dealing team and 24/7 access online
- £1,000 (or equivalent) minimum transfer amount
Disclaimer
Please note that we are not recommending any specific forex companies. We cannot be held responsible for out-of-date information contained on these pages or external websites we link to.
We try to keep this page up to date, however from time to time our information may be out of date. If you spot an error, or have some feedback about the products on this page please email us at advice@expertsforexpats.com.
Before making any decisions about your finances, you should always seek independent advice.
