Private Clients - Foreign Exchange Brokers
Please find below a comparison chart of currency specialists than can offer some of the best foreign exchange rates available for people in South Africa. Most companies will offer you better rates than your bank and are easy to apply for. The companies listed are experts in currency exchange and can provide a secure and fast service as well as offer you support throughout the transaction. You will be assigned a personal broker who will devise a tailor made solution to suit your exchange needs. Not only will they be available for any questions you may have but they will offer you professional support throughout the process. They can offer the best choice for both large transactions and smaller transactions.
Whatever your foreign exchange needs, whether you need to send money to a foreign account, send money to family, friends or staff abroad, set up regular or one-off payments or pay an overseas mortgage, the companies listed can provide a service that is tailored to your individual exchange needs. Many foreign exchange brokers offer great online systems which lets you manage all your foreign exchange transactions and payments 24/7. You can use the online service to make single or multiple payments and book transactions for the future.
As the services of foreign exchange brokers are so popular there are hundreds on the market for you to choose from making the task of finding the right one daunting. You need to get the right deal for your currency needs and the best way to get the most for your money is by comparing all the latest offers. You can use the table below to compare the main features of some of the leading foreign exchange providers. Not only should you look at the exchange rates and whether there are any fees involved but you should find out what transfer methods are available to you and how long transfers will take. There are a variety of services available to you so find what works best for your needs. Currency exchange specialists who are experts on the currency market and can offer the very best exchange rates available, far better than the banks.
Please note that while many of these services are free to use if you are transferring under a certain amount they may charge you a small fee. With this in mind foreign exchange brokers are best used for larger transfers and transactions. For smaller transfers you should use a Money Transfer Service which you can find more information about in our Money Transfer section.
Compare Foreign Exchange Brokers
Want to send a one off payment or set up regular transfers to anywhere in the world? A Foreign Exchange Broker can help.
Utilise the expertise of a Foreign Exchange Broker
Whatever you currency exchange needs, whether you are paying friends, family or staff abroad or are emigrating, the way you handle your currency transfers will make a significant different to the cost of your payments. Foreign exchange specialists can save you time and money.
Foreign exchange brokers can transfer funds internationally for customers. As currency exchange is their main focus they primarily work on getting clients a rate that is as close to the interbank rate as possible. The closer you can get to the interbank the better and so you can get far better exchange rates and ultimately more for your money with a foreign exchange broker.
These services are very fast and you can get same-day payments in most cases unlike the banks. Also unlike the banks you will find there are no commission fees and heavily reduced transfer fees if at all. Not only will you deal with a dedicated personal consultant but you will be given a variety of currency options to help you find the one most suited to you.
Other than great exchange rates what else can a Foreign Exchange Broker do for you?
Uncompetitive exchange rates and volatility in the currency markets can be a real problem. However, there are ways of managing this currency exposure and foreign exchange brokers can often provide tailor made solutions to suit your particular requirements. They can also reduce or eliminate transfer fees and offer you protection from negative exchange rate movements.
Many services offer great online systems which let you manage all your foreign exchange transactions and payments 24/7. You can use the online service to make single or multiple payments and book transactions for the future.
Choosing the right service for you and your currency exchange needs
There are many foreign exchange brokers to choose from. Most brokers will be happy to discuss your individual requirements without you having to open an account with them.
Use the comparison table above to fund a foreign exchange broker. The right service will depend on a variety of aspects including your specific exchange needs. Not only should you look at the exchange rates and whether there are any fees involved but you should find out what transfer methods are available to you and how long transfers will take.
What are the benefits of a Foreign Exchange Service?
Unlike banks, Foreign Exchange Brokers are a lot more specialized in currency exchange. They offer far better rates due to their smaller overheads and more efficient way of making money transfers to foreign countries. Setting up a foreign exchange account and making transfers is a simple, straightforward process which is extremely quick and safe. Usually you will be assigned a personal broker to help you with your transfer requests. In the majority of cases it is free of charge to use this service, however, watch out in case you are charged a fee if it is under a certain level.