Foreign currency exchange rates are now a sight for sore eyes. On top of the poor rates we have been experiencing for the last few years, if you regularly need to transfer money abroad, or vice versa, you are likely to be hit by heavy bank fees for the cost of dealing with international banks or companies and for exchanging the money. This needn’t always be the case, however. Foreign Currency Direct are specialist currency brokers who can transfer your money completely commission free. What’s more, because they buy and sell high volumes of currency every day, they are in a great position to obtain the best foreign currency exchange rates possible. Opening an account with them is also completely free, and once open, there is no obligation to trade.

Despite turning over £500m a year, Foreign Currency Direct do not just deal with companies or individuals who only want to transfer huge sums. They also provide high levels of personal service and every client is assigned a personal account manager who will be on hand to advise and help you with any transfer. If you spend a lot of time in another country, or are thinking of moving or retiring abroad, it is easy to rely on transactions going back and forth between your banks. However, their charges to transfer money abroad are not always easy to find out, and you can be sure that you will lose out, not only on the rate but also on the lack of advice on when to transfer according to the market. Foreign Currency Direct have no hidden fees and can save you as much as 4% on your high street bank’s rate because they buy and sell currency directly in order to get the best rates. On large amounts of money, this could end up saving you thousands of pounds!