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Make Your Money Transfer Safe: Find Out What You Need

whether you want to buy a property overseas or you need to transfer some amount of money to your relatives or friends, modern financial market offers several options to send money overseas. Thanks to the modern developments, this process does not take a long time as it used to be before. However, before transferring money you need to have an answer on the following question: what information do I need to transfer money? Here, I will try to provide all necessary details to help you to save your time.

What method of transferring money you can use

Information required to transfer money overseas largely depends on the method you choose to send your financial resources. Mainly, there are two ways to do this: either using a bank or a private company that offers sending money overseas.

Advantages and disadvantages of using banks

Most of the local banks offer services of international money transfer. Here are advantages of sending money using the banks:

•Your transfer is safe

•In case of any problem, the banks is fully responsible for the money

When you are sending a huge amount of money, it is sometimes very wise to use banks. However, this method of transferring money has its own disadvantages:

•Transferring money using bank is related with certain amount of commission and fees.

•Usually, banks take longer time to complete your transaction that other companies.

If you decide to send money using a company, make sure that the service is safe. Otherwise, you may even loose you money. However, if you make sure that the service is reliable, I recommend using certain companies for your transactions. Mostly, these companies need shorter time to deliver your money to the recipient than banks. Also, they tend to charge less commissions for transferring money.

What information do I need to transfer money?

In order to complete the transaction, you should provide the sender company with all necessary information.

•Name: when transferring money, you should know the name of the person or organization. This information must be correct, otherwise there might be problems during the transfer. Before completing the process double check the name and make sure that every letter is written correctly.

•Number: You will surely need recipient’s ID number or his/her bank account number to safely transfer the money.

•Address: sometimes you will need to provide recipient’s address, whenever you are making non-electronic transfer (sending check or money). In other cases, you will be asked to name bank’s address, especially when making an international transfer.

•Payment reference: this is where you write your name to let recipient know where it came from. Also, you might be required to write the purpose of your transfer. For example, if you are applying for something, you will need to indicate that.

•Routing code: this will largely depend on the recipient’s country as different states use different type of routing code. it’s a set of numbers to help you identify financial institute transfer is made by.

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Best way to transfer money from Canada to UK

Imagine living in a period when you needed to carry everything with you in order to deliver the package to the destination place. Okay, let’s not go that far into the history. Instead, let’s look back at not so far past. Half a century ago, to transfer money from one place to another, you would have to directly send it through a post office. It would take weeks, month and quite often, would not arrive at its destination. Thankfully, this has change. Thanks to the fast and useful developments in modern technologies, you can use digital money instead of cash and transfer almost any desired amount to any place you want. But which way is the most convenient, comfortable and fast? Let’s see several methods you can  use to successfully transfer your money.  transfer money from the Canada to UK, even though they are so far away.

1.Banks:

sending money from Canada to UK using bank is the most widely spread way to transfer money. This might be because it is the easiest. You will find international banks that function both in UK and in Canada on every step. Not only international banks, most local banks offer international transactions. One more good thing about it is that it is the fastest way for transferring money. Also, you are always safe that the money you are transferring will not get lost. You might ask, if bank is this good of a way to transfer money from the UK to Australia, why do we even need to consider other ways? The answer is – transferring money via the bank can be quite costly and the exchange rates are not the best, too.

2.Transfer companies:

the second way that we are going to offer is special companies that offer international transactions. Personally I use this service very frequently because they are affordable and fast.  Usually, this companies offer exchange rate that is the lowest, what makes this services the cheapest way for transfer money from Canada to UK. Transfer companies transfer money just as fast as banks. Unlike banks, you are taking more risk, because you don’t know how safe you are with the company. But that is not the case with all companies. You can find ones that are very reliable and trustworthy.so, before making a decision, do a research to be sure that your money is in good hands. Also, with this services, sometimes with banks too, remember that you gave amount limit that you can transfer at a time.

To sum up, there are two major ways for you to transfer money from the UK to Australia. Depending on what you value more at that particular moment safety or cost efficiency, you can choose between these two.

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Best way to transfer money from India to UK

Has anything changed? One may argue that nothing has really changed. People stay the same, what we do stays the same and of course, our thoughts fundamentally do not change, too. One thing that nobody can deny is that connections really did changed. Connection is not only a process between people, it is something that has to do with keeping two part in touch, no matter what those two parts are. In some cases, it may be between people, but not in our case. In this article we are going to talk about something that nobody can argue about – international banking benefits. We are going to reveal the Best way to transfer money from India to UK.

•   Before you get started, think about something called foreign currency and rates. This is important. It might be helpful to understand how international exchange market works, but it might take some time. Briefly, we are going to tell you one principal: do not think about exchanging currencies as a real exchange, you’d better look at it as a purchase of any product or a good. Remember, that currencies in India and UK are different and hence, you also need to keep an eye on the rates.

•    Banks vs. special services: you might think that banks are the best way to transfer money from India to UK. It really depends on many things, but most of the time bank charges you a good amount of fees, but it is hidden somehow, so you will never know about it. The best way to transfer money from India to UK is to use special online services that are specially made from international transactions. Not only are they cheap and easy to use, the also offer currency exchange on just one website.

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Best way to transfer money from UK to Australia

Imagine what it would be like to live in the era, when the only way to send something from one country to another was a white dove. Okay, let’s not go that far into the history. Instead, let’s look back at not so far past. Half a century ago, to transfer money from one place to another, you would have to directly send it through a post office. It would take weeks, month and quite often, would not arrive at its destination. Thanks to the modern technologies, we can use digital money instead of cash and transfer them in minutes no matter how far the location is. With all this said, let’s look at some of the best ways to transfer money from the UK to Australia, even though they are so far away.

1.Banks: sending money from UK to Australia via the bank is the most popular way of transferring money. This might be because it is the easiest. You will find international banks that function both in UK and in Australia on every step. Not only international banks, most local banks offer international transactions. One more good thing about it is that it is the fastest way for transferring money. Also, you are always safe that the money you are transferring will not get lost. You might ask, if bank is this good of a way to transfer money from the UK to Australia, why do we even need to consider other ways? The answer is – transferring money via the bank can be quite costly and the exchange rates are not the best, too.

2.Transfer companies: the second way that we are going to offer is special companies that offer international transactions. Usually, this companies offer exchange rate that is the lowest, what makes this services the cheapest way for transferring money from the UK to Australia. Transfer companies transfer money just as fast as banks. Unlike banks, you are taking more risk, because you don’t know how safe you are with the company. so, before making a decision, do a research to be sure that your money is in good hands. Also, with this services, sometimes with banks too, remember that you gave amount limit that you can transfer at a time.

To sum up, there are two major ways for you to transfer money from the UK to Australia. Depending on what you value more at that particular moment safety or cost efficiency, you can choose between these two.

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Best Rates Foreign Currency

One of the greatest things about today's world is that it is full of choices. You can choose where to live and you always have an opportunity to move anywhere in the world without issues; you can choose what to do, in what business to invest and in what currency. Choices are great, but they have their downsides, too, just as anything else. They can be confusing and hard to choose between. Apart from this, it is really hard to choose between alternatives, because we don't know which one works better. Sometimes there's just so much information, that it is impossible to determine the truth or the best choice. It works the same way for foreign currencies. If you want to exchange it and you are looking for the best rates for foreign currency, chances are you will not choose the best rate out there, just because there are so many of them. This article is aiming to give some advice about how to find and get the best rates for foreign currency exchange.

Research: this is always the first stage, no matter what you are doing. People tend to skip this part, because they are not hoping to get any results that will actually impact their decision. Others think that they already know enough. Big percentage of them is just too lazy to do this not so exciting work. Anyways, what we are trying to say is that research is a key part for getting the best exchange rate. When doing a research, determine what currencies do they exchange at all. are there international banks that offer lower rates? What services are the most people from that place using? Do rates offer from one bank to another and how much? These are some basic questions that you need to answer.

Compare: the last questions one the first stage is where you need to stop and go to the second stage, which is to compare currency rates. Plan exchange your money in advance not to rush and just go to the first exchange service you see. Also, if you are traveling abroad, do not exchange your money at the airport before you check other places, too. They are usually more expensive and offer higher rates. You don't have to wander around to compare currency rates, just use the Internet for this.

These are two major stages you need to think about and follow. Of course, there is more to it, but these are just details. One of them is not to exchange money in your home country. This works if you are using the currency that is easy to exchange anywhere in a world, for example US dollars. So, if you live in the United States and you are heading somewhere more exotic, exchange money in that country and not in the USA, it will cost you less. Usually, you will get the best exchange rates in banks, post offices and hotels.

Author is an expert article writer who has written many article related to foreign exchange service, foreign exchange brokerage. Currently he is writing content on Best Rates Foreign Currency

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International business banking

We live in the era of open borders. With today’s policies of baking and business, you can easily invest in ay business all over the world from home or your local bank. Transactions take seconds to be done and you don’t have to travel from one country to another to lead the international business. To able to do all these, you should know how to use international business banking. It’s never too late. If you are thinking about expanding your company internationally, but all these responsibilities and technical things are bothering you, do not let that stop you from succeeding. Of course, there is a lot to consider, but this article will help you get enough knowledge to get started.

1. Payment services – being able to send and receive finances from abroad is a main part of any international business. To start with, get an account in a bank that offers international service, most of them do. If you already have an account, you’re good to go. If you want to make payments quickly, we recommend using online banking. Nobody uses traditional ways of sanding checks or cash via post office, it takes plenty of time and the risks are high. With online international banking you can be sure that you are safe and it takes a day for most.

2. Currencies – remember that different countries use different currencies. International business banking offers their own currency rates, that differ from bank to bank. Other services may offer various rates. So, before you choose a bank, research which one offers the best exchange rates. When you are expending your business internationally, be careful about the currency you are using. Some of them are better for international business, than others. Popular currencies can be exchange everywhere, but some national currencies are hardly ever used in business. It is a good idea to invest money in a currency that is user-friendly.

3. Get qualified staff: nothing can help you more than relying on people who are professionals in their jobs. When you have a small business that compete in just one country, you don’t need as many crew members as you need when you are competing globally. With the international business, you will find the need of employing people you have never thought of before. Some of these jobs are: currency manager, export and import finance manager, risk manager…

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What information do I need to transfer money?

Technology development is making everything easier: we can talk to people from all around the world on the Internet, we can explore different cities with Google maps, we can transfer money from one place to another in no time. It all seems fairly easy and comfortable, but with this much new information every day, it can also be confusing. So, one may ask: what information do I need to transfer money? Don’t be concerned! This article will help you make your way through details for money transformation.

Before you start collecting any information for your transfer, you would need to know what kind of transfer you are doing. Are you doing wire transfer? This kind of transfer is done using your electronic device to directly send money to someone else’s account. You need no bank or any kind of middleman to complete this transfer. Also, it is one of the fastest methods to transfer money. Maybe you are using electronic transfer? It transfers digital money from one person to another, from bank to bank, or even abroad. Usually you will need to contact back or money companies. You might as well be doing direct depositing, which automatically moves money from one account to another.

It’s your choice which one of these transfer you will be using, but you will need to have some specific information whatsoever. This list will help you with details to transfer money:

1. Name: always check name of the recipient. It can be a person or some kind of business/organization. Double check that you spell it the right way. This information is really important for successful transfer.

2. Number: either ID number, if you are transferring money to an individual or bank account number. You might also have to mention bank’s name, where they held their account.

3. Address: sometimes you will need to provide recipient’s address, whenever you are making non-electronic transfer (sending check or money). In other cases, you will be asked to name bank’s address, especially when making an international transfer.

4. Payment reference: this is where you write your name to let recipient know where it came from. Also, you might be required to write the purpose of your transfer. For example, if you are applying for something, you will need to indicate that.

5. Routing code: it’s a set of numbers to help you identify financial institute transfer is made by. Different countries use different types of routing codes, so, be cautious about it.

One more important thing is time. How long does it usually take to transfer money? Of course, it depends on what kind of transfer you are doing. Non-electronic transfers take longer time and it’s directly connected to the distance. As for electronic transfers, mostly it takes less than 24 hours. if recipients account is held in the same bank as yours, it will take no time at all.

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How to transfer money from Canada to UK?

We make more and more international transfers every day. World becomes more open and we need to be ready to move our capital anytime and everywhere. Fortunately, modern technologies give us that opportunity. No matter if you live overseas from where you want to send money, you will be able to. So, do you live in Canada? Do you want to transfer money to UK? There are several ways to transfer money from Canada to UK! To make this happen, you will need to make an international money transfer. First of all, check policies for it in your bank in Canada and then, you can get started.

Gather information

Transferring money from one country to another is fairly easy these days. There are some traditional ways, which might not be as safe and secure as electronic transferring: checks, cash... in case you are not using any of these methods, you are looking at international wire transfer. This service transfers money from one account to another with a help from bank or other financial institutions. Before you get started for this transaction, to transfer money from Canada to UK, gather some information! Details include: name and address of recipient and his/her bank; account number or IBAN, which is international bank account number; routing number.

Other than information you will need for money transfer itself, it is helpful to stay informed about currencies. As we know, Canada uses Canadian Dollars and UK uses pounds. Your bank might be offering currency exchange itself, but check other places (in UK) to convert Canadian dollars to pounds, just in case.

Cost and time

Again, if you are using traditional methods, as sending check or cash, it will take approximately 1 week for it to get to your recipient. If talking about wire transfer, it will be received in UK within several business days, 3-5 as usual. What can make this dates change is currency. Some transactions take more time than others, especially if currency need to be converted. Apart from that, consider that when making a transfer, you most likely will be limited in amount of money you send.

Banks will charge you with transfer fee when transferring money from Canada to UK. There are two ways banks charge – fixed amount of Canadian dollars for converting currency, or exchange rate, which will vary from 1% to 5%. It's always a good idea to check other options available. Maybe try different banks and their exchange rates. One is for sure, electronic transfer will cost you less than traditional transfer. Also, it will be more comfortable, faster, less risky. Also, take in consideration that there are many financial institutes and banks to choose from.

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Important tips for sending money to china.

Expats from China who have chosen other countries to be their new homes are often in need of a quick way of sending money to China for their family members. This could be used to help out in the case of an emergency, to take care of monthly bill obligations and also to send back profit for construction and investments. In addition, many other people look forward to the future and are interested in investing in Chinese businesses and industries. This, therefore, appeals to everyone who would like to send money to China. There are multiple ways to transfer your money. However, you will find out that there are quicker, cheaper and more economical methods of sending money than others. According to recent studies done by the World Bank, China is of the top receiving countries of remittances. Below are a couple of tips to guide you in order to find the most economical, fast and secure options for sending money to China.

1. Online money transfers

It's advisable to use online money transfer because the costs are lower(no agents or shops to pay) and they offer better exchange rates and cheaper fees than a bank or a high street based money sender.To send money online is considered to be simpler and safer as all one has to do is to create an account and link it to to a debit or credit card or pay via a local bank transfer in some cases.

2. Exchange rates comparison

Look for a service that offers a competitive exchange rate as the exchange rate will affect the final money that will be received in the account of the recipient. It’s important to know that sending a large sum of money will give you a better exchange rate. All the money transfer platforms often generate their revenue through money transfers and their margin can be between 12-15% of the amount of money that one would like to send to China.

3. Rules of Chinese currency.

There are a number of restrictions that are put in place regarding sending money to China. It’s important to check in with your recipient the type of currency that is allowed to be sent into the country and if there are limits which should not be surpassed.

4. Use the cheapest payment method

There are additional charges that one incurs when using one type of payment over the other. For instance, when you make a payment via the credit card, the commission stands to be between 1.5-3%.The charges are less significant when using a UK debit card. However, the best and the cheapest way to send money to China is through the use of local bank transfers.

5. Registered Institutions

In order to make secure and safe transactions, always employ the use of institutions that are registered as a payment institution by a legally established body.

6. Refund policy

When you make some payments in China some financial institutions might charge you some additional charges and it's therefore important to choose an institution that ensures full reimbursement to some unexpected expenses.

The tips outlined above are essential when Sending money to China in the most efficient and economical way.

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International Money Transfers from the UK to Canada.

There are more than half a million Britons living in Canada which is close to five times the number of Canadians living in the UK. If you, therefore, need to send money to your family in Canada, start a business or even buy a home it's essential to look at the current exchange rates. It’s also important to know that the Canadian dollar is a commodity currency and so its value can be affected by the fluctuation in the price of commodities such as gold and oil in the international markets. To add to that, the Canadian dollar trades actively against the U.S dollar and its value can depend on the strength of the US economy.

International bank transfers to Canada are convenient but the procedure can be comparatively long and expensive and you might not get the best transfer rates. There are roughly three channels of international money transfers companies that you can directly use to transfer money at the best market transfer rates.The following companies are used to send money to Canada from the UK:

1. Western Union

If you want to send money locally or internationally to Canada, the Western union will always pop up as a reliable and honest institution as you are assured that the money will reach the required destination at the shortest possible time without any problems. Western union is located at every corner in Canada and the UK and you can, therefore, send money to a bank account or send funds to collect cash in a matter of minutes.

2. MoneyGram

MoneyGram allows you to send money quickly and securely. MoneyGram has a great presence in Canada and all over the world. Anyone who is sending or picking up cash will won't have to look far to find a MoneyGram agent. MoneyGram and the Western Union have similar features.

3. Ria financial services

The company opened its first store in 1987 and has grown tremendously in the past few years to be the third leading money transfer service in the world. It has grown to be one of the leading and the most trusted domestic and international financial company servicing over 144 countries. Make a payment in person from a Ria agent and the person on the other side of the world receives the cash in minutes.

4. Paypal

This is an American company operating in worldwide online payments systems that support online money transfers and replaces the traditional paper methods such as checks and money orders. Paypal is one of the largest internet payment company and operates as payment processors for online vendors and commercial users. Using PayPal you can send money almost anywhere in the world.

5. TransferWise

TransferWise is an online peer-to-peer currency exchange platform that gives consumers a raft of options open to them when they are looking to send money abroad. TransferWise offers services for personal transfers as well as online currency trading.

Before you choose a service to Transfer money from Canada to UK  make sure you are levying the best conversion rates and minimum pressing charges. There are also a few banks that do not offer any kind of service charges.

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Top foreign exchange companies.

A foreign exchange company will service the currency needs to both corporate and private individuals. The main role of the exchange company is to achieve the best foreign exchange rates to their customers. The clients also rely on brokers for advice on the current market exchange rates movements and the strategies to manage the exposure of their currencies and counter the exchange rate fluctuations. The company is also required to have a wide access to the comprehensive market information which is essential in providing real time foreign exchange rate data as well as provide information in form of news and reports on the variety of events that cause currency rate movements.

Foreign exchange companies are among the biggest in the whole world since thousands of people make international money transfers every day for a number of reasons. Whether you are buying international property or purchasing a high-value asset or even making a regular money transfer you will need to consult the services of a foreign exchange company. There are 180 currencies that are recognized as legal tender around the world. With many different platforms for buying and selling goods/services, there is always a need to convert a currency from one form to another. Below are the leading Forex providers:

1. HIFX

HIFX is one of the UK's leading independent foreign exchange company that is trusted by thousands of corporate clients and private individuals. It has a reputation of offering highly competitive bank beating exchange rates to both private individuals and businesses alike. The HIFX systems work to 99.9% uptime standards just like the World Bank ensuring the clients receive their payment on time and every time.

2. FXCM

The company is headquartered in New York City and operates in close to 15 countries and is also regulated across the five entities. It's a big Forex broker with plenty of thousands of traders and a high trafficked website. The company has won numerous awards over the years. It also provides a practice account as well as three different tiers of paid accounts that are based on minimum deposit levels and included services.

3. MahiFX

MahiFX is a New Zealand based company that is regulated by the Australian Security and Investment Commission with the Australian financial services license (AFSL). MahiFX offers a free practice account and there are no commissions or fees as well as no restrictions on the deposit amount to open an account.

4. XE

This is one of the earliest pioneers in the foreign exchange industry. XE started in Toronto in 1993 as a business that created the leading currency conversion tools on the web. XE provides a currency data API that is used to offer accurate and reliable exchange rates for a business. It also provides international money transfer services.

5. FOREX.com

It was launched in 2001.It has an experience of supporting over 200,000 traders in more than 180 different countries. The platform mainly stands out from its competitors by providing an execution scorecard that holds the company to be publicly accountable for providing fast and accurate trade executions.

The above foreign exchange companies play a major role in the foreign exchange market ensuring that currencies can be traded 24 hours a day, five days a week from Monday to Friday.

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The transfer rates of popular banks.

There are many ways to send money overseas and there are lots of firms that are competing for your business including financial services such as banks, money transfer firms and foreign exchange brokers. The demand for currency transfers has really boomed in the past few years as people have an increasing number of reasons to exchange a large sum of for example pounds to other forms of cash such as the US dollar or Euros. This is mainly attributed to the fact that there is an increase in international business transactions and more people are buying or selling property abroad. There is also a need for regular sums to be transferred with could be money from a pension or savings moved to pay their bills or maybe settle an oversee mortgage.

In most cases, when sending money to friends and family abroad your first thought is to rush to the bank. Transferring large sums of money through the bank is easy with payments which can be made through a wide array of platforms such as using a desktop computer or even a Smartphone and can offer the best transfer rates. Below are the different banks that you can consider to use when making international money transfers:

1. Barclays Bank

This is a big and well-established bank that offers services in the international transfer of money. However, Barclays bank is considered to be expensive due to their bigger fees and costly exchange rates. For example, making use of Barclays on today's date to send $10,000 in the Eurozone would cost one an additional $426 over what you'd pay using currencyFair. Barclays will display their charge rates on their website but there are some additional charges you will incur when you make use of their services.

2. HSBC

This one of the largest banks in the world with a market capitalization of over $140.One can send money via the internet banking with a default maximum of $50000 at only a fee of $25.You are also given a chance to raise this limit and conduct a telegraphic transfer up to $100000.You can save $5 for each overseas transfers by using the HSBC internet banking services. However, the procedure is slow and can take up to 5 business days on the international transfers.

3. The Co-operative Bank

The Co-operative Bank in most parts of the world are involved in taking deposits and lending money to its customers but in the present times, the bank plays a major role in international money transfers. It offers several convenient ways to send or receive money worldwide. Personal international transfers can be done through CHAPS which is a method of making electronic transfers for any amounts to clearing banks in the United Kingdom.

4. LLOYDS BANK

This is one of top four banks in the UK that has extensive branches of over 2,000 all over the UK. With over 30 million active customers, the bank is the leading financial service provider. The bank offers 24-hour internet and mobile banking services. The bank claims to offer the best transfer rates in the market and promises you to save a lot in international money transfers.

In order to get the best transfer rates in the international markets its therefore crucial to know more about the bank that you are dealing with so as to get a more secure, efficient and economical transfer rates.

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Companies that offer currency exchange services.

A foreign exchange company which is also known as the Forex broker is a company that allows the exchange of currency and the making of international payments to both private clients and companies. The term online currency exchange services are usually used for currency exchange that offers physical transfers from one currency to another and not towards the bank. Currency exchange is an integral part of the world economy. Besides handling money in the foreign exchange market, the exchange companies will also offer additional services such as credit card payments, utility bill payments, and other related payments. In the past, only large international financial institutions were allowed to offer currency exchange services but with the introduction of online currency exchange platforms, individuals are given the opportunity to invest and increase their capital by trading the currencies. The company provides a platform for individuals to involve themselves in speculative trading of currencies.

Like many other types of businesses, there are a variety of options to choose from when selecting a foreign exchange platform. The online currency exchange services include the following platforms:

1. FXTM

FXTM or Forex time was founded in 2012 and is still considered to be a newcomer in the Forex trading scene. However, within a span for only 24 months, the company has carved out its name against all odds and has won a number of significant awards such "the best newcomer 2013".FXTM is headquartered in Cyprus and regulated by FSB.

2. Oanda

This is a highly respected foreign broker that is based in the U.S. The firm was created in 1996 and was a pioneer that tailored to make the current modern Forex a reality for the general public. Oanda has won several awards following a good customer satisfaction and customer services in recent years. The company has offices in North-America, Asia and Europe. Both live and demo accounts are live in Oanda which gives the prospective clients a chance to try out the platform without any obligations.

3. AvaTrade

Avatrade was established in 2006 and is located in Dublin, Ireland and it offers trading services to over 150 countries located all over the world. It also offers a wide selection of trading platforms that with 8 different options available for manual and automated trading. The platforms also offer four different options of tiers that are based on minimum deposit requirements. Avatrade is committed to providing a safe trading environment that is fully regulated by the EU.

4. Pepperstone

The company is based in Melbourne, Australia with offices in Texas and Shanghai, China. It was founded in 2010 with the goal of offering Forex traders better services with lower spreads. Pepperstone is considered to be the largest share market mover with a 3.5% increase which is mainly attributed to a strong customer support. The company is true ecn broker which allows Forex trading without the intervention of dealers through their razor account.

5. GMO click

According to latest data, GMO click is still the biggest Forex broker in 2016.The company expanded to Hong Kong in 2011 and followed the UK in 2015.There are no fees to open an account or for maintenance.

The continual growth of cross-border commerce ensures that online currency exchange services remain an essential part of the financial sector as the multinational businesses need to make payments by using the local payments.

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