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International FX Global Currency Solutions

Hall and Benson Overseas are proud to be partnered with International FX

Introduction

International FX is a financial institution that specialises in currency conversion. With over 25 years of experience in the global foreign exchange markets, we are able to advise clients on the currency trends and markets. Our banking and treasury is provided by our affiliate bank, Barclays Plc, and we are regulated and monitored by H.M. Revenue & Customs and Money Laundering.

When you have finally decided on the property of your dreams, you will at some point be required to execute a foreign exchange transaction. The currency transaction is a small part of the overall purchase process, but it plays a very important part. A minor movement in the foreign exchange rate can have a dramatic effect on the amount you finally pay for your property.

International FX will save you time and money by providing expert advice and securing highly competitive exchange rates. Our emphasis is on protecting your currency against the inevitable fluctuations in the foreign exchange markets. The level of service that we provide is simply not available from your bank.

Services

  • Free account opening facilities
  • Personalised dealing service
  • Free telegraphic transfers
  • Great commercial exchange rates
  • Fixed rates for up to 2 years
  • Regular overseas payment service (ROPS)
  • 24 hour, 7 days a week information desk
  • Dedicated aftercare team

Q. How do I register with International FX?

Our free account opening facility is easy to arrange and your account can normally be opened the same day. We simply ask you to provide two forms of identification, such as a passport or photo ID driving license and either a recent utility bill or bank statement. We also require a signed copy of our Terms and Conditions. Once we have received these details you are free to trade, without obligation.

Q. How do I purchase currency?

As long as you have opened an account with us, you will be able to purchase currency by telephone, e-mail or fax. Which ever method you use to purchase your currency, this is a binding agreement as stipulated in our Terms and Conditions.

Q. Will I have to pay any fees or commissions?

We do not charge any fee or commission for our services. Our margin is made on the currency from the high-volume rates we obtain in the money markets. Contact International FX for a live exchange rate that you compare with your bank.

Q. Can I hold out for a preferred exchange rate?

Yes. We offer various contract options to suit individual needs. Please contact International FX and one of our brokers will be happy to discuss the best option available to you.

Q. What if the rate is good now, but I don't need to make payment for 6 months?

You can arrange for a rate to be fixed, up to 2 years, for a certain length of time to suit your payment schedule. Forward contracts are easy to arrange. Once you have agreed on a rate, we only require a 10% deposit of the contract value. The remaining 90% balance is payable 2 days before the value date. Please contact International FX to discuss the option that best suits your needs.

Q. Can I make monthly payments abroad?

Yes. It may be that you have taken out an overseas property mortgage or you need to send regular payments abroad. Whatever the reason, International FX provides a regular overseas payment service (ROPS). Our regular overseas payment service allows you to make fixed regular payments for an agreed period of time. This service will help you eliminate any element of risk relating to exchange rates.

Q. How do I find out what the current exchange rate is?

For a live exchange rate please contact International FX. You can also obtain the inter-bank rate on the internet or Ceefax. Please be aware that you will not achieve the inter-bank rate unless you are trading millions of sterling on a regular basis.

Q. How do I pay for my currency?

Once you have agreed a rate with your broker, you will need to transfer the required funds to our client account. The safest and quickest way is by bank transfer. We will provide you with the required bank details to make payment. Simply contact your bank and they will arrange the transfer for you.

Q. What advice can you offer me about market trends and rates?

Currency brokers are not regulated to give advice; however, we can provide you with data on market trends and currency movements. We provide this data free of charge and we hope that it helps you make an informed decision on the best time to trade. Please remember that the decision to proceed is yours alone.

Q. How long will it take to transfer funds overseas?

International FX will transfer your funds electronically to the desired beneficiary bank. Your funds will take no longer than 48 hours to arrive at its destination. Please be aware that sometimes the receiving bank may cause a short delay in crediting the beneficiary account. We can provide ‘proof of payment’ to confirm that the transfer has taken place.

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