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Last updated: 21 January 2022 at 14:54
Forex companies, or currency exchange companies, are a relatively new concept. Traditionally, expats have relied heavily on banks to provide forex services, partly due to the ease of using your existing bank account, and also because they are deemed more trustworthy than forex companies of the past.
Since the advent of the internet, the number of forex companies have risen, along with decreasing transfer fees and better exchange rates.
This has meant that choosing the right forex company to manage your currency exchanges and international money transfers has become substantially more difficult.
We have collated a number of currency exchange companies who we believe offer expats around the world outstanding value and benefits, and we have listed them below for you to compare and evaluate for yourself.
Moneycorp provides a sleek and professional money transfer service, which screams reliability and value. A solid choice for anyone looking for confidence when sending money overseas. Simple, safe and secure international money transfers from a Feefo Platinum Trusted award-winning service.
With headquarters in the south-west of the UK, TorFX are slightly different to many forex companies. With over £3bn traded per year and offices located around the world, TorFX are able to manage over 50,000 private clients as well as 4,000 corporate clients globally.