Are you still using your bank for currency transfers?
Save up to 5% with a currency specialist…
We work very closely with a specialist foreign exchange firm called World First who help our clients across Asia with their international payments. They are one of the leading currency brokerages in the UK and were founded with the sole aim of improving the experience clients have when transferring money around the world. Whether buying property overseas, transferring a pension or salary, sending money home or simply making a one-off international payment, World First ensures the process is smooth, hassle-free and cost efficient.
They are authorised and regulated by the FSA, and have an A1 credit rating from Dun & Bradstreet; the highest possible rating for a company of their size. Client funds are safeguarded and held in segregated accounts, and they have very strong financials giving you complete peace of mind.
There are a number of ways World First saves clients money on their international currency transfers. The most obvious way is by offering better exchange rates than the banks (they even have a best rate guarantee). When working out your exchange rate, World First works from the live interbank rate, and they use a far smaller margin than is typically used by banks and other brokers. The result is that you save anywhere up to 5% on the total amount you are transferring. Therefore, making it best saving plan.
Further savings can be found in their heavily reduced transfer fees; no fee on amounts above £5,000 , and only £15 fee on smaller transfers. Some banks will charge up to £40 on all transfers.
World First’s reputation is largely down to the fantastic level of service they offer to each client. Regardless of your requirements you are given your own personal broker, who is at hand to answer any questions you may have and help in any way they can. There is no cost to have an account, and you are not obligated to use their services in any way, except if you actually book a transfer. The broker you receive will be knowledgeable, friendly and efficient, and this personal service saw World First winning the Customer Focus Award 2012 at the National Business Awards.
Products and services
Spot transfers- The transfer of funds across two currencies, based on today’s live exchange rate.
Forward contracts- Fixing a rate in advance for up to 3 years in advance of your transfer, meaning you are protected against negative exchange rate movements between now and then.
Currency Options- Like a Forward Contract these protect an exchange rate for a future transfer (up to 3 years in advance), whilst still allowing you then benefit from any improvements in the exchange rates.
Rate alert and market watch service- World First offers unrivalled information and analysis on what is going on in the currency markets so you are always up to speed. In addition to this they will also watch the market on your behalf and let you know if a rate you desire becomes achievable.
Regular transfers- World First can automate your regular transfers, meaning your pension, mortgage or salary transfers are handled every month with the utmost efficiency, with no hassle whatsoever.
Online transfers- Many clients like to trade over the phone, however World First offers all clients a best-in-class online platform on which you can book your international transfers in China.
Whatever your reason for transferring funds into a different currency, it always pays to use a reputable foreign exchange broker who is genuinely on your side. If you would like to discuss your personal requirements in more detail, World First is always happy to speak with you, and you will not feel pressured to use them in any way. It may well save you a significant amount of money, and it should remove the stress and hassle sometimes experienced with currency transfers through the banks.
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For further information please contact us