TorFX are one of the UK’s leading and largest foreign currency exchange specialists providing overseas money transfers to and from most countries worldwide!
TorFX are perfectly placed to assist with your international currency transfer requirements, no matter how small or big they might be. Unlike the banks TorFX will not charge you for making your international payments. TorFX believe connecting currency should be free, they won’t charge you a thing outside of the actual exchange rate quoted.
With offices in the UK, mainland Europe, Australia, Singapore the USA and South Africa, their group employs over 500 highly-skilled financial services employees. TorFX hold the highest credit rating with Dun & Bradstreet.
|TORFX||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||£250||1 DAY||0.7%||€1.16||FREE QUOTE|
|EUR € - to GBP||€250||1 DAY||0.7%||£0.85||FREE QUOTE|
Transfer exchange rates are calculated and updated hourly (Monday to Friday) from 8 am to 4 pm UK – GMT
TorFX have been awarded International Money Transfer Provider of the Year at the Moneyfacts Consumer Awards 2016, 2017, 2018, 2019, 2020 and 2022. TorFX also won the overall award for Best Customer Service in 2016, 2017, 2019, 2020, 2021 and 2022 – beating over 100 companies across 26 different categories.
TorFX aim to secure exchange rates which are as close to the interbank rate as possible. As exchange rates are highly volatile and fluctuate throughout the day, the exact exchange will be confirmed to you the moment the transfer is agreed.
UK pound and euro exchange rates for TorFX versus high street bank rates, banks typically apply an exchange rate margin of somewhere between 2 and 6 percent on transactions. This means that if you were to make a bank transfer overseas to or from euros using a standard bank service, then you could potentially lose thousands of pounds due to the poor FX margin rate offered by banks.
When you open a free account with TorFX, you will be allocated a Dedicated Account Manager who can discuss your individual requirements. Dedicated Account Managers take the time to understand your needs, monitor the markets on your behalf and offer guidance to ensure a fast, seamless transfer.
As one of the largest FX providers in the market, TorFX always strive to provide competitive pricing and that’s why they will happily beat any price* that is better than their own quotation. To take them up on this offer you need to;
1: Register a free account with TorFX You need a trading account in order to receive a valid dealing quote.
2: Provide evidence of the better quote, which must be from a provider with whom you have an open account. This must be a written quote or screen-shot showing the trading rate on your account, and clearly showing the exact time of the quote (as market prices move constantly).
The TorFX Rate Improver Guarantee only applies before you agree a transaction with TorFX as they cannot amend or cancel a transaction.
*Price means the margin quoted by us, or the other provider. Margin is the difference between the interbank rate and the rate quoted. As markets move continuously our improved rate will be based on the margin the other provider quoted, and not the absolute exchange rate. TorFX cannot beat the other provider’s quote if it is better than the interbank rate.
TorFX is authorised by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services – TorFX is licensed as a money transmitter by HM Revenue and Customs. Their MLR number is 12191606 and are a member of the UK Money Transmitter’s Association.
To register with Torfx, there’s no obligation to trade, sign up free today: click here to register
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