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World First
World First is the UK's leading currency exchange broker, offering private individuals and companies the ability to achieve significantly better foreign currency exchange rates and an exceptional service. Headquartered in London with an office in New Zealand, World First has transacted with over 10,000 private clients and 1,000 UK companies and our currency exchange transaction volume will exceed $2 billion this year.
The Private Client Team works with individuals who are buying property abroad, emigrating or making one-off or regular money transfers. Each consultant at World First works with their clients to make sure they achieve the best exchange rates possible in the time frame they specify.
The Corporate Team works with companies that either have overseas suppliers to pay, overseas revenues to repatriate or are investing abroad. Companies are guaranteed a package of low payment fees and unbeatable exchange rates.
Our staff's expertise and efficiency are renowned within the marketplace and the incredibly high levels of customer satisfaction we receive during the feedback process reinforces the World First pledge of a best service guarantee as well as a “best exchange rate guarantee”.
Advantages:
1 We don’t charge commission and there are no transfer fees for amounts over £10,000.
2 Compared with banks, our rates can usually save you between 0.5% and 3% of the amount transacted ie up to £6,000 on a £200,000 transfer.
3 We keep you in touch with the status of your transfer and notify you at every stage of the process.
4 We can offer you forward contracts and other hedging options to protect you from currency movements and to fix the exchange rate for a transaction up to a year in the future.
5 Minimum one-off transfer £1,000.
6 Minimum regular transfer £250.
Disadvantages:
1 We will need to identify you for money laundering purposes although if you are a UK citizen we can do this very quickly if you provide us with your passport or driving licence number. For corporate entities, we just need an item of company documentation such as a photocopy of a certificate of incorporation.
2 Your bank may charge you to transfer your funds to us, although the saving you will receive from using us will more than negate this.
Additional Services Available:
1 Spot contracts – Buy or sell currency for immediate delivery.
2 Forward contracts – Fix an exchange rate at which you buy or sell currency for delivery at a later date (up to one year).
3 Hedging strategies – tailored to fit your exposure, currency forecast and risk level. Enable you to protect yourself from adverse rate movements and benefit from favourable rate movements.
4 Stop loss orders – Set a minimum level at which you buy or sell your currency.
5 Limit orders – Set a higher target exchange rate at which, if this rate is achieved, you buy or sell your currency.
6 Daily market updates.
7 Rate watch service.
8 Overseas mortgages.*
*World First does not arrange mortgages. We can put you in contact with a number of mortgage brokers who can help you find the most competitive product.
Fee: £15 for transfers less than £10,000. Free for transfers above £10,000.
Improved FX based on volume: Yes
World First Markets Limited is FSA regulated.
HM Revenue and Customs: Yes
Transfer Options: UK bank to foreign bank or vice versa.
Transfer Speed: EUR and USD next day, 2-5 days any other currency.
Currencies Available: All major tradable currencies.
We can provide free quotes on demand.
Trading accounts are simple and free to set up and there is no obligation to trade.
Please use the contact form below to send us an enquiry and we will respond promptly.
Please mention Best FX Rate when contacting the dealer directly.
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