Large Overseas Payments
As well as offering clients competitive exchange rates, 0% commission and fee-free transfers on their holiday money and regular overseas payments, TorFX can save individuals and businesses a considerable amount of money on large foreign currency transactions.
If you’ve got to transfer funds overseas for a property purchase or investment, TorFX can keep you up to date with the latest market movements and currency trends so you make your trade at the most lucrative time.
With the help of a personal Account Manager you can talk through all the options and select the specialist service which best suits your requirements.
TorFX can also help you protect your transaction from currency risk with Forward contracts and limit orders. Forward Contracts give you the option of fixing a favourable exchange rate for up to a year before trading (meaning that your transfer won’t be affected by adverse market movements) while limit orders ensure that your chosen currency is purchased as soon as it rises or falls to a pre-determined rate. Similarly, with a stop loss order you can set a maximum or minimum boundary on your chosen currency pairing so that it’s traded as soon as the boundary is reached.
For more information on how to get the best return on your large overseas payments visit the TorFX website.