Currency brokers: HiFX and Moneycorp
Transferring money abroad through retail banks is expensive. In addition to exchange rates significantly worse than the interbank ones, they apply commissions and fees.
The alternative is using one of the currency specialists popular among expats and retired people with investments abroad. We analyse some of the most popular currency brokers:
is winning the battle of brand awareness. Google Trends shows a faster growing frequency of Hifx in comparison to Moneycorp in queries recorded by the search engine.
The Financial Services Authority in the UK doesn’t show any entry in the disciplinary history for HiFX PLC (462444).
The Financial Services Authority in the UK doesn’t show any entry in the disciplinary history for TTT Moneycorp Limited (308919).
Other services:
- Currencies Direct, www.currenciesdirect.com
- Caxton FX, www.caxtonfx.com
- Foreign Currencies Direct www.currencies.co.uk
- Travelex www.travelex.com
- Capital IFX, www.capitalifx.com
Actually, in terms of visits on Internet, moneycorp and hifx are be big guys:
http://trends.google.com/websites?q=hifx.co.uk%2C+moneycorp.com%2C+currenciesdirect.com%2C+currencies.co.uk%2C+caxtonfx.com&geo=all&date=all&sort=1
Andrew
7 Nov 08 at 12:20 am