There are numerous reasons why thousands of private individuals conduct their foreign currency trading with HiFX. When buying a high value asset abroad, such as a car or boat, investing in a property overseas, funding university fees, exchanging funds for a new residence in another country or even paying a pension, the timing and execution of foreign currency exchange is crucial. It is of paramount importance to exchange currency at the right time; get the best possible rate and therefore the maximum amount for your money. Indeed, when emigrating, your future wealth could well depend upon it.
Business foreign currency trading
As for businesses trading internationally, the constant threat of changing currency prices and the damage it can cause is an ever-present danger. Commercial clients of HiFX are able to call upon our in-depth knowledge to implement and manage a strategy based on agreed objectives and risk parameters to minimise any potential losses due to an unstable currency.
If you are required to make one-off currency transfers of over £5,000, HiFX can save you money - whatever your circumstances, whether you are a private client or a corporate client.
Foreign currency trading with HiFX
Foreign currency trading with HiFX means you benefit from commercial exchange rate. This would not be the case with your high street bank; you could save as much as 4% on your transaction. For example, upon converting £100,000 into euros, conducting your foreign currency dealing with HiFX would save you around £4,000. Also, unlike banks, HiFX can protect you against the threat of market fluctuations by fixing a favourable foreign exchange rate for up to 12 months.
Many banks also charge additional fees to transfer your foreign exchange. HiFX guarantee there will be no transfer charges, commission fees or overseas bank receiving fees. One free transfer per trade is provided as part of the service.