we have used HIFX and Caxton,
Submitted by Andiamo on Mon, 10/18/2010 - 08:13In reply to A newbie all over again! by Annec
we have used HIFX and Caxton, both were fine and once the account set up very simple and easy. If you use the forum search facility many other companies have also been recommended.
- Log in to post comments
Smart Currency Exchange
Submitted by La Dolcevita on Mon, 10/18/2010 - 15:05In reply to A newbie all over again! by Annec
We used Smart Currency Exchange - we shopped around and they at the time provided the best rate
- Log in to post comments
Oz forex, all checked out
Submitted by TheItalianLife on Mon, 10/18/2010 - 16:22In reply to A newbie all over again! by Annec
Oz forex, all checked out with the regulator. Andrew Coated is the contact and he can talk you through it no jargon You are wise not to use a bank
- Log in to post comments
We have used MoneyCorp
Submitted by simonandjo on Tue, 10/19/2010 - 07:40In reply to A newbie all over again! by Annec
We have used MoneyCorp Online. It's terribly easy and allows you to book rates for forward transfers. You can check rates pretty much anytime. They charge a flat fee of £10.00 per movement.
- Log in to post comments
I have used Rational FX -
Submitted by moruzzo on Tue, 10/19/2010 - 17:38In reply to A newbie all over again! by Annec
I have used Rational FX - very helpful and easy - but maybe best to shop around and see best rates on day.
- Log in to post comments
In reply to A newbie all over again! by Annec
Hi we use MoneyCorp & can recommend them. Very easy to use & no problems.
- Log in to post comments
FX transfer
Submitted by Sabina on Tue, 10/26/2010 - 03:50In reply to A newbie all over again! by Annec
I have used Foreign Currency Direct ....dealing with Leigh Smith, very easy and straightforward...you could call just for info and no obligation: 0800 328 5884 / +44 1494 725353
- Log in to post comments
Recommendations?
Submitted by Celticfire on Sun, 10/31/2010 - 14:07In reply to A newbie all over again! by Annec
We have used Smart Currency and TorFX both with no problems. I would hesitate to recommend anyone though, given recent experiences.There is a major difference between Authorised by: and regulated by: the FSA. Just make sure that whoever you use ringfences your money just in case there's another Crown Currency escapade!
- Log in to post comments
The key difference is
Submitted by Capo Boi on Sun, 10/31/2010 - 14:57In reply to A newbie all over again! by Annec
The key difference is "registered" by the FSA and "authorised" by the FSA. Registered companies have no obligation to segregate client funds from general company funds whereas authorised companies do. In the event of the collapse of an authorised company segregated client funds should therefore be safe. Well thats the theory. Unfortunately the demise of Crown Currency has thrown up this "loophole" that most people were unaware of and again the FSA does not come out in a good light. Also, in cases of fraud or malpractise as things stand at the moment its unlikely that even for an "authorised" firm, customers would be able to draw on the FSA's compensation fund. Regulation, in the whole industry, in my opinion needs to be clarified and tightened up.
- Log in to post comments