There are a lot of benefits to using a specialist Forex broker to move your money abroad, but how can you be sure you are choosing the right one?
If you’re looking to move money abroad, there’s a lot to consider and some questions you might have. We’ve gathered some of the information you need to know, so you can confidently choose a currency provider and make the most of your international money transfer.
Click for VIP access to our recommended currency broker.
What is a currency broker?
A currency broker specialises in foreign exchange (Forex), helping clients make the most of their international money transfers.
While many people might automatically consider using their bank, brokers can often offer competitive exchange rates and some added flexibility in transfers. For instance, you can consider using a broker to lock in an exchange rate for up to two years for a property purchase, so you get more certainty for your money. However, this may not be a suitable or available solution for everyone, so please contact a broker to discuss your currency requirement to find out more*.
What are the benefits of using a Forex broker over another provider?
Whether it’s your first time making a transfer or you’ve done it before, speaking to a broker means you’ll have access to a team of experts who can help you make your transfer at the best time for you.
Currency markets move every day, so the amount you might be quoted one day might change the next—sometimes significantly. Markets move on politics, economic data, global events like pandemics, and even natural disasters.
Having an expert by your side to help you navigate the transfer process can be a great way to maximise your foreign currency transfers. Every customer is different, so a good broker can design personalised transfers around your needs.
Because brokers specialise in currency, clients are usually offered competitive exchange rates and can lock in a rate for up to two years if for example you want to make a large transfer for buying a property abroad*. You’ll also be kept up to date with the latest market news and rate alerts to help you make smarter currency decisions.
Finding the right currency broker for your needs
There are many different currency brokers to choose from – and they all have different advantages and disadvantages. At PSS International Removals, we transfer large amounts of currency every month. We have therefore tried many different services to find the one that is best for our needs and for our customers moving overseas.
For the last few years, we’ve partnered with Global Reach, which is a leading currency broker, helping people move their money abroad for property purchases, pensions, salaries, and everything in between.
Global Reach has an experienced Dealing team, so you will have access to a team of currency experts who can guide you through the money transfer process.
Why choose Global Reach to transfer your currency overseas?
Global Reach Group has been trading since 2001, and more than 32,000 customers have trusted them to manage their currency transfers. They also have a track record of happy customers, having been awarded Feefo’s Platinum Trusted Service Award, as voted for by clients after winning the Gold Award for three consecutive years. They’re also winners of Good Money Guide’s Best Currency Broker 2021 award.
As well as Global Reach’s competitive rates of exchange, we also like the flexibility they offer in reviewing and managing trades with their award-winning online platform.
Get great rates and award-winning customer service
If you’d like to speak to a Global Reach currency expert to discuss your transfer and receive a no-obligation quote, complete the form below. By registering, you’ll also be able to receive live quotes and sign up for market news and rate alerts to help you make informed currency decisions.
*Terms and conditions apply and an initial margin may be required in order to hold the rate.