Fast, Free Money Transfers with 0% Commission and No Fees Ever
TorFX are able to offer an exchange rate up to 5% better than your high street bank.
Transferring £100,000 to Australian Dollars: You could save $9,950!
Frequently Asked Questions
Want to know more about the services offered by TorFX? Below are some of the questions we get asked the most.
Would transferring funds with TorFX be easier than using my bank?
While using your bank for foreign currency transfers might seem like the simplest option, using a specialist broker like TorFX can make the process more streamlined and considerably more cost-effective.
How much does it cost to transfer currency with TorFX?
Opening an account with TorFX is free, and there’s no obligation to trade. Furthermore, TorFX will secure you a competitive exchange rate and won’t charge transfer fees or commission.
How does the transfer process work?
After opening an account, agreeing a rate with your personal Account Manager and receiving order confirmation, you’ll and be asked to supply details of the beneficiary account before sending your funds to your TorFX client account. After the funds have cleared, your foreign currency is immediately sent to your beneficiary account – it’s as easy as that!
Is there any way of protecting my transfer?
As the foreign exchange market is so volatile, currency risk can be a real concern. We appreciate that a bit of added security can really help put your mind at ease, and our services reflect that. Transfer options like Limit Orders and Forward Contracts ensure that you can protect funds from any adverse shifts in the market.
Is this kind of transfer secure?
When you use TorFX to handle your foreign currency transfers, you can relax in the knowledge that your money is safe and totally secure. TorFX is authorised by the Financial Conduct Authority, holds segregated client accounts with Barclays bank and has a Level 1 rating (the highest level of creditworthiness) from leading agency Dun & Bradstreet.
How can I pick the best time to trade?
The daily currency updates provided by TorFX will keep you informed of the latest developments, and your dedicated Account Manager will get in touch if the market shifts in your favour. While it’s impossible to predict exactly how a currency will perform in the future, with TorFX on your side you have a much better chance of getting the most for your money.