Margin Explained - Max margin from interbank 1%. Improved with volume
Minimum Transfer £300
Options - You can make a one-off payment, or arrange a series of monthly payments using their Regular Payment Plan.
Delivery - Same Day Available On Most Major Currencies
IFX Information
IFX combine specialist foreign exchange expertise with a clear understanding of your circumstances, to be able to provide the strategies that will give you the most appropriate solution for your needs, with the least cost, stress and inconvenience.
Advantages
1. Save Money - As a specialist foreign exchange consultancy, IFX is able to offer clients access to wholesale exchange rates not offered by your regular bank. And unlike your bank, IFX do not charge any additional fees or commissions on your rate of exchange.
2. Avoid Exchange Rate Fluctuations - Because rates change by the second it would be almost impossible to forecast exactly what the rate would be when your transaction is processed. You may have negotiated the best price for your purchase, but it could easily be offset by a slight change in the exchange rate. IFX can fix the rates for you for up to two years which will protect you from future rate movements, helping you stick to your budget!
3. Market Expertise -
By providing continuity and consistency of service and a clear understanding of your requirements, IFX are best placed to help you minimise your risks, optimise your position, reduce your costs and save money in both the short and long term
4. Excellent Services - In addition to providing you with a preferential currency rate, IFX also offer a variety of dealing mechanisms to help you optimize your transaction. Forward contracts, limit orders and stop orders are excellent ways of ensuring that you get the most currency for your money. International Foreign Exchange offer free market analysis could also give you the edge you need to secure a better rate.
5. Security of Funds - International Foreign Exchange money transfers is regulated by HM Revenue & Customs (no: 12191606), and is a member of the UK Money Transmitters Association. All client funds are held in client segregated accounts with our banking partner, Barclays Bank PLC.
6. Personal Service - Each client is allocated their own personal account manager who will guide them through every stage of their foreign currency transaction. IFX friendly dealers will keep you informed as often as you wish, by email or telephone, and will do everything possible to help you get the most from your transaction. International Foreign Exchange pride themselves on going the extra mile, because unlike the "one size fits all" approach of the high street banks, International Foreign Exchange believe that our customers deserve a high level of service when making large currency transfers.
7. No Commission and No Fee's
8. Fast International Transfers - IFX will send your currency to its destination free of charge, by TT / CHAPS. We can pay your solicitor, vendor, notary or supplier direct, saving you time and money. International Foreign Exchange same day international payments are fast, reliable and free*. IFX can also provide you with an internationally recognised payment confirmation as soon as your currency has been sent.
9. Free Account Opening Facilities - Opening an account is free of charge, there is no obligation to trade, and you will not be charged any administration charges for maintaining your account.
10. No Obligation Quotations - You can get instant dealing quotes from your account manager by telephone or email. The bank will often refuse to give a live quote, or will not inform you of your currency rate until later. Even worse, they may offer you the "tourist" rate of exchange, whereas on a large transaction, you should be offered a far better quote. IFX provide live, transparent quotes based on the amount of currency you are sending, so you truly know where you stand, and can budget accordingly.
Disadvantages
1. Longer account set up process if not residing in the UK.
Extra Services
Same Day Spot Contracts, Forwards, Stop/Limit Orders
Key Facts
International Foreign Exchange (IFX) is a specialist foreign exchange consultancy dedicated to providing expert and highly cost-effective management of currency transactions for businesses and private individuals.
IFX (UK) Ltd trading as International Foreign Exchange registered in England and Wales, Company Registration Number: 05422718. IFX (UK) Ltd is authorised and regulated by the Financial Services Authority.
Please be sure to read the terms fully. Signing the agreement does not mean you need to trade but comes in to force when you commence a money transfer.
