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CurrencyFairy reviewWhen you want to exchange currency without incurring the hefty charges from banks, a peer-to-peer transfer is a viable option. How does it work? You simply exchange currencies independently with like-minded individuals without being connected to a central system. As you buy currency that other individuals are selling, you could benefit from better exchange rates than those charged by banks. Save on the huge bank rates today and spend the money on a holiday this festive season!

CurrencyFair regulation

CurrencyFair peer-to-peer exchange operates in a simple procedure. Suppose you need Sterling Pounds when going to United Kingdom from Australia and another person needs Australian dollars when leaving the UK for the Aussie. You would simply exchange your Australian dollars for his sterling pounds. The transaction is done online where both of you are subjected to a small fee for facilitating the service. CurrencyFair is frequently compared with TransferWise, for check this CurrencyFair vs TransferWise review.

Company overview

CurrencyFare teamHeadquartered in Ireland, CurrencyFair is an online currency exchange marketplace with branches in Australia, the United Kingdom, and Poland. Three musketeers- Sean Barrett, Jonathan Potter, and David Christian founded it in 2009. It is perfect for expatriates who want to send or receive money from their respective countries.
By the end of October 2014, the company had made a cumulative transfer of € 1.2 billion where customers saved around € 60 million that they would have incurred in bank fees. You could also take advantage of the low CurrencyFair exchange rates today. You will be charged 0.15% of the amount you exchange with other customers. In addition, there is a fixed transfer fee of GBP 3. (more…)

HiFX ReviewThe world is today flooded with online money transfer services. When deciding on one, you should exercise great care and restraint. The last thing you want is receiving numerous calls from your overseas employees saying that they did not receive their paychecks.
In addition, some services charge colossal amounts as transfer fees. When you want to make regular payments, you can take advantage of subsidized rates for a given period, e.g. one month, three months, or six months.

Company overview

When three seasoned investors come together to establish a company, you know it is a reliable one. This is what Shaun Taylor, Laurence Butcher, and Matthew Knowles did back in 1998. They established HiFX Plc, one of the leading non-bank foreign exchange companies in the United Kingdom.
The company is registered and regulated by the Financial Conduct Authority. It is a privately owned entity listed in NASDAQ. In 2001, it made an expansion by opening an office in New Zealand to serve Australasia.

HiFX how does it work

How does HiFX work?The company deals majorly in Spot Transfers, Forward Contracts, HiFX Euros to Pounds, Stop/Loss Orders, Market Orders, and Limit Orders. When making an online transfer in Great Britain, for example, the minimum amount is GBP 50 while the maximum is GBP 300,000. All this happens within a short transfer time.
Similarly, you can make minimum of GBP 10,000 in telephone transfer where these is no maximum. Always look at your currency converter and take advantage of the favourable HiFX exchange rate of GBP 1 for EUR 1.2685. Money will take 1-3 days to reach its recipient. He may need to provide scanned copies as proof of his identity and address.

HiFX is it safe

In 2014, Euronet Worldwide Inc., a trusted financial services provider, acquired HiFX. In 2013, the company made transactions worth £ 9 billion to various destinations across the world. The company has earned the trust of over 75,000 individuals and some 5,000 corporate companies. Therefore, you can rest assured that your money will reach its destination in one piece. (more…)

FairFX ReviewWhen the number of investors come together to establish a company, you know it is a trusted name because it has a solid background. This is what happened with FairFX in 2007. It has 10 shareholders namely; Amati Global Investors Ltd., J.M. Finn & Co. Ltd., Jarvis Investment Management Ltd., Barclays Bank Plc (Private Banking), Smith & Williamson Investment Management LLP, Rathbone Investment Management Ltd., Walker Crips Stockbrokers Ltd., The Share Centre Ltd., HSBC Global Asset Management (UK) Ltd., and Hargreaves Lansdown Stockbrokers Ltd.
The company is based at 68 Upper Thames Street, London, United Kingdom. It generates 400-million revenues annually; where 290.8 million is the net income. FairFX offers services to more than 362,000 customers from different countries.

FairFX review

You simply register for a FairFX Card and enjoy their next day travel cash services. It has a service known as FairPay that you can use to pay for products and services. Similarly, you can make a FairFX money transfer from one currency to another.

fairfx team

The service supports a number of currencies namely; Euros, Australian dollars, Canadian dollars, Czech Koruna, Indian Rupees, Japanese Yen, New Zealand dollars, Polish Zloty, South African Rand , Swiss Francs, and US dollars. (more…)