What are the downsides of sending money using these companies like transferwise and currencyfair? Are they 100% secure?
Currently looking at importing some machinery from Finland and looks like it could save over £2k sending the money through one of these rather than the bank.
What are the downsides of sending money using these companies like transferwise and currencyfair? Are they 100% secure?
Currently looking at importing some machinery from Finland and looks like it could save over £2k sending the money through one of these rather than the bank.
Basically look at a few of the big brokers and see which is best for your trade.
^^^ this... grabbing a few sample quotes from each of them might give you a better idea of how much margin they're adding to their quotes
though I'd suspect that doing it yourself via a place like interactive brokers is likely to be cheaper than any of those currency conversion services...