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Richard Berry - Updated
Currency brokers can save you money when converting and transferring large amounts of money abroad for property purchases or business. They offer better exchange rates than banks and advice on when to convert currency.
| Name | Logo | Currencies | Currency Forwards | GMG Rating | Customer Reviews | CTA | Feature | Expand |
|---|---|---|---|---|---|---|---|---|
 | Currencies 40 | Currency Forwards 24 Months | GMG Rating | Customer Reviews | Account Types:
| TorFX Expert Review: Best Currency Broker 2025 Provider: TorFX Verdict: TorFX is a currency specialist and currency broker founded in 2004 offering foreign exchange conversion services in 40 currencies. TorFX converts and transfers around £7.5 billion a year and is based in Cornwall, UK. Should you send money abroad with TorFX?
Prior to that, TorFX won “Best Currency Forward Provider” in 2023 for their 24-month forwards for people wanting to lock in current exchange rates for up to 1 year in advance. TorFX customer reviews speak for themselves, a low-cost way to transfer money internationally at a bank-beating exchange rates and expert advice on timing the process. A good choice if you are buying a property abroad and want bank-beating exchange rates and personal service to help with the transfer. Pros
Cons
Overall4.7 | ||
 | Currencies 40+ | Currency Forwards 12 Months | GMG Rating | Customer Reviews | Account Types:
| Currencies Direct offers great exchange rates and personal service Provider: Currencies Direct Verdict: Currencies Direct offer a good service for large international money transfers. They are a well-established and competitive currency broker for buying a property abroad or for international business payments at bank-beating exchange rates. They were founded in 1996 and are now part of a group that processes around £10bn in international money transfers per year. Are Currencies Direct a good currency broker? Yes, in our 2024 and 2023 awards Currencies, Direct won “best currency broker”. They scored very highly in our customer survey, with very high scores in customer satisfaction and pricing. Currencies Direct is also a well-established provider founded in 1996 and has 22 offices around the world. Currencies Direct offer a good service for large international money transfers. They are a well-established and competitive currency broker for buying a property abroad or for international business payments at bank-beating exchange rates. If you need to send a large amount of money abroad Currencies Direct can give you advice on the timing of a transfer and also get you bank beating exchange rates. I’ve been dealing with currency brokers for nearly two decades now. Initially, when I was a prime broker doing currency conversions for institutions, but also as a currency broker myself doing conversions for people buying holiday homes. In this Currencies Direct review I give our ratings based on their nearest peers, and tell you what we think of them after testing them thoroughly. Plus highlight the key costs, facts and figures of their accounts. A friend recently sent me a WhatsApp asking me what I thought of Currencies Direct. He even included a link to our old review, so clearly, it’s time for an updated version. Instead of long-winded musings on the currency transfer industry or AI generated SEO (or SEM, search engine manipulation as I like to call it), I thought I’d do this review as a series of FAQs about Currencies Direct to provide short and relevant answers to potential questions people who are considering using them may ask. Why you ask? Well, I’ve been in the currency markets for about 20 years, as both a wholesale currency prime broker and a private client currency broker and these are the questions that people generally asked… This is pretty much how our conversion went when we discussed Currencies Direct over coffee later that afternoon. What does Currencies Direct do? It helps you transfer large amounts of money from one currency and country to another. What about small amounts of money, is it only for large transfers? You can send small amounts of money, but to be honest, Currencies Direct is more for larger foreign exchange transactions. A typical customer may be someone buying a holiday home with a couple of large currency transfers for the purchase and then a few recurring smaller transfers afterwards for bills etc. But can I still send smaller amounts? Yes, but if you are only sending smaller amounts, you are better off with a money transfer app. Why is it better for large amounts then? When you send large amounts of money abroad, you need to think about two things. What the exchange rate will be, and when to send it. Currencies Direct will give you better exchange rates than a bank, and you get more control over when you do the conversion. How? You get better exchange rates because the “spread” or “mark up” Currencies Direct charge is better than the banks. Sometimes by about 4%. Huh? If you send £100,000 with your bank, the exchange rate markup can be up to 4% so it will cost you about £4,000 in fees. With Currencies Direct, it should be around £250. My bank told me there were no fees for sending money abroad. Well yes, there are no fees charged to you as commission, but they are included in the spread. Do Currencies Direct charge a fee? They don’t charge additional fees. They make their money on the exchange rate spread. What’s the spread? The spread is the difference between where a currency broker buys the currency and where you buy the currency. So they mark my price up rather than charge fees? Yes, take a look at our guide on how to compare exchange rates and come back? Ok, fine, I’m up to date. But how do I know they are going to give me the best exchange rate? Just ask them – say verbatim “how far as a percentage will my price be from the mid-market?”. They should give you an answer as a percentage. The more money you want to transfer the lower the percentage will be. Whatever they come back with, ask for less – remember everything is negotiable. If they can’t give you a straight answer, just look for another currency broker that can. No, I mean, how do I know this is the best time to convert money at the current exchange rate? You don’t, nobody knows where exchange rates will be in the future. What about currency forecasts and predictions? They have educated guesses at best. When it comes to foreign exchange it’s very easy to protect yourself from losing money, but very difficult to make money from trying to predict exchange rates. Ok, fine, but I’m buying a villa in Spain at the moment and I need to pay for it in 6 months and I think now is a good time to buy Euros. Can they help me lock in the currency exchange rate? Yes, that’s very good question and bravo for thinking of hedging your upcoming currency exposure? What? Sorry, yes you can buy Euros now with a currency forward contract. You can lock in the current Euro exchange rate for up to 12 months with Currencies Direct. Great – but, there is a bit of a snag, I am selling a UK property that won’t complete for a couple of month so can’t afford all the Euros just yet. That’s fine, when you use a currency forward you only need to put down a small deposit on the full amount you buy. Usually around 10%. But is my money safe with Currencies Direct? Yes, Currencies Direct are authorised by the FCA, so they have to keep client funds separate from their money. These accounts are segregated and the money is protected if they or their bankers go bust. But unlike banks and investment accounts there is no FSCS protection. Is it a big company then? Yes, Currencies Direct was founded in 1996, they have over 500 employees, and processed about 550,000 payments last year, totalling £10bn. Blackstone also invested £150m in Currencies Direct. What’s Blackstone? They are a massive private equity firm that invests in all sorts of things, they have about $10 trillion of investments. Ok, fine. But how does Currencies Direct work? You open an account here by requesting a quote through their website or registering online. Then they will assign someone to look after your account who will help you with the transfer. Do I have to transfer money over the phone or can I do it online? You can do up to £25k online, but, one of the main benefits of using a currency broker like Currencies Direct is that you get someone to actually talk to. Most people find this helpful when transferring large amounts of money abroad. Thanks, Pleasure. You may also enjoy our interview with the CEO of Currencies Direct, Marc Morley-Freer. Pros
Cons
Overall4.6 | ||
 | Currencies 50+ | Currency Forwards 12 Months | GMG Rating | Customer Reviews | Account Types:
| OFX can get you bank beating exchange rates on large currency transfers Provider: OFX Verdict: OFX is a leading currency broker offering currency services to more than 170 countries around the world. Originally known as OzForex, it was launched by Matthew Gilmour in 1998 as an information only website. Since then, it has grown rapidly handling more than AUD$2000bn transfers for more than a million individual and business customers worldwide. Is OFX a good currency broker? Yes, we rate OFX as a very good currency broker as they offer discounted exchange rates, personal service for individual buying a property abroad of for businesses needing more complex services like integrated Amazon payments or currency hedging strategies. OFX offer a great way to time and save money on large currency transfers for either foreign property purchases international moves or for business transactions. If you have a large currency conversion coming up OFX can help you reduce costs when buying a holiday home abroad, or moving to another country. These key benefits of using a currency broker like OFX for international property purchases are: Better exchange rates Control over the price and time of the conversion Personal support OFX Offer Competitive Exchange Rates Pros
Cons
Overall4.6 | ||
 | Currencies 30+ | Currency Forwards 24 Months | GMG Rating | Customer Reviews | Account Types:
| Halo Financial gives personal service and bank beating exchange rates for large currency transfers Provider: Halo Financial Verdict: Halo Financial is a UK-based foreign exchange specialist that provides international money transfer services to both personal and business clients. Authorised by the Financial Conduct Authority (FCA) as an authorised payment institution, the firm has been operational for over a decade and is known for its personalised currency services. Halo Financial recently aquired Corpay private clients, that was previously owned by Global Reach. Is Halo Financial a good currency broker? Yes, we rate Halo Financial as one of the best and most efficient ways for individuals and companies to transfer money internationally, quickly and cheaply. Halo focuses on helping clients manage foreign currency exposure by offering competitive exchange rates, risk management strategies, and guidance from experienced currency consultants. For private clients, Halo Financial is best suited for individuals making large international transfers, such as purchasing property overseas, emigrating, or transferring pensions. Unlike app-based fintech platforms that prioritise speed and automation, Halo offers a more bespoke service model. Clients are assigned a dedicated account manager who can provide market insight, assist with timing trades, and set up forward contracts or limit orders. This approach appeals to those looking for guidance rather than a purely DIY platform. On the corporate side, Halo supports businesses with regular international payments, invoice settlements, and hedging strategies. The firm works closely with industries such as legal, property, and logistics, offering tailored solutions and currency planning tools. This makes it a viable alternative for SMEs that want access to currency market expertise without the overhead of in-house FX management. In terms of pricing, Halo Financial generally provides more competitive rates than high-street banks, but fees and margins can vary depending on the size of the transfer and the currency pair. Unlike fixed-fee platforms, Halo’s model is quote-driven, so customers should request a live quote to compare with other providers. While their website offers educational resources and market commentary, it lacks the instant online execution found in digital-first competitors. Overall, Halo Financial stands out for its personal service, currency expertise, and commitment to helping clients navigate the FX market. It’s a strong option for individuals and businesses who prioritise human support and strategic guidance over rapid app-based transfers. Pros
Cons
Overall4.5 | ||
 | Currencies 35+ | Currency Forwards 12 Months | GMG Rating | Customer Reviews | Account Types:
| Clear Treasury Expert Review: Best Business FX Provider 2025 Provider: Clear Treasury Verdict: Clear Treasury is a foreign exchange (FX) and risk management provider that supports businesses across diverse industries, such as agriculture, tech, and hospitality, by offering tailored currency strategies. Summary Clear Treasury takes a holistic approach to understanding each client’s business model, risk tolerance, and operational goals, integrating technology and expertise to deliver tailored solutions. Their services cater primarily to companies with an annual FX turnover ranging from £500,000 to £30 million, helping clients manage currency volatility, hedge against adverse market shifts, and optimize cash flow in global operations. Pros
Cons
Overall4.6 |
Methodology: We have chosen what we think are the best currency brokers based on:
- 20 years in the currency brokerage industry
- Interviews with the currency broker CEOs and senior management
- Over 30,000 customer votes and reviews and votes in our annual awards
- Analysis and testing of the platforms and pricing
Find out more about how we review financial providers in our How We Rate page.
Compare Currency Broker Exchange Rates
Use our currency quote request tool to compare quotes from multiple currency brokers and get the best possible exchange rate for your currency transfers. Please note: this form is only suitable if you are converting over £10,000. For amounts less than £10,000 please see our Money Transfer App Comparison.
Please note: The rates displayed in this currency conversion quote tool are supplied to us directly from the currency brokers as a percentage mark-up. Please ensure you read our guide to getting the best exchange rates guide.
What is a Currency Broker?
Currency brokers can help you get better exchange rates on large international money transfers. They specialise in converting money from one currency to another and making onward international payments.
How are Currency Brokers Different from Banks?
Currency brokers differ from banks in a few key ways.
- Better exchange rates on large transfers. You’ll get a better exchange rate with a currency broker than you’d get your bank
- Risk management. Banks generally don’t offer forward contracts to lock in an exchange rate
- Advice. You can call up a currency broker almost any time to ask for advice and progress reports
- Hedging. Currency brokers offer a variety of ways to protect your foreign exchange exposure with hedging
- Options. Some currency brokers offer OTC FX options for buying and selling currency
- Receiving foreign currency. If you receive a foreign currency into a UK bank, the bank will generally convert it automatically, giving you no control over costs and pricing. With a currency broker, you can choose when to convert foreign funds bank into GBP.
Pros & Cons of UK Currency Brokers
Below we’ve set out the advantages and disadvantages of using a currency broker versus your bank.
Pros
- Better exchange rates. Currency brokers offer much better exchange rates compared to banks
- Market timing. You can choose the exact time you convert currency giving you more control over the exchange rate
- Buy now, pay later. You can use a currency forward to lock in a favourable exchange rate for up to two years in the future.
- Personal service. Most currency brokers have assigned account executions to help you out with all aspects of a currency transfer
Cons
- Not suitable for small transactions. Sometimes currency brokers will only convert £1,000 upwards; you may be better off using a money transfer app for amounts below that.
- Extra administration. You’ll need to open an account with a currency broker, but you’ll already have one with your bank
- No FSCS protection. Currency brokers aren’t covered by the Financial Services Compensation Scheme, so your money is safer at the bank, as banks have enhanced protection for customer balances.
⚠️ FCA Regulation
In the UK, all currency brokers must be FCA-authorised. The Financial Conduct Authority (FCA) ensures brokers are well-capitalized, treat customers fairly, and maintain robust compliance systems. Good Money Guide only recommends FCA-authorised currency brokers.
It’s important to note that currency brokers are authorised by the Financial Conduct Authority as Electronic Money Institutions under the Electronic Money Regulations 2011, where your funds are not protected by the FSCS (Financial Services Compensation Scheme).
Which UK Currency Broker Offers the Best Exchange Rates?
You can use our currency quote request tool to see which currency broker is currently offering the best exchange rates.
You should roughly expect to be charged along these lines:
- 0 – £1,000 – 1%
- £1,000 to £10,000 – 0.75%
- £10,000 to £100,000 – 0.5%
- £100,000 to £500,000 – 0.4%
- £500,000 to £1m – 0.3%
- Over £1m – 0.2%
Currency brokers offer better exchange rates than banks because they buy and sell currency on their clients’ behalf closer to the live interbank rate.
Fees for converting currency are built into the exchange rate and can be worked out as a percentage from the mid-market.
For example, if the GBP-EUR exchange rate is 1.20000, a high street bank may let clients sell GBPEUR 4% below the mid-market at 1.1520 and let them buy it at 4% above the exchange rate at 1.248.
However, a currency broker may offer rates 0.3% from the mid-market, which is an exchange rate selling at 1.1964 and buying at 1.2036.
Currency brokers will buy and sell currency through banks, however, as they exclusively deal in currency transfers and execute significant volume, meaning they can negotiate better rates for themselves and their clients than if they were an individual conducting a single transaction.
How Can You Check a Currency Broker’s Commission?
You can use our exchange rate mark-up calculator to see how much a currency broker has charged for converting currency. Enter the mid-market exchange rate at the time of your transaction as well as the exchange rate you were given by your broker. It will show the percentage mark-up that was charge, or how much the currency broker earned from your currency exchange.
Which Currency Broker Offers the Most Currencies?
For large international transfers, OFX offers over 50 different currencies, but you get more choice when dealing in small amounts below £10,000 with Xe, offering 98 different currency corridors.
This is another point where currency brokers differ. Some currency brokers can only send money to major destinations, whilst others offer a more comprehensive service and you can send currency to almost anywhere.
It’s important to note that the more obscure the currency or destination, the higher costs and the length of time the currency transfer takes will be.
Major currency routes like euros to Europe or dollars to America will be cheaper and quicker than sending large amounts of funds to India or China, for example.
The banking networks are different and there are additional anti-money laundering rules for different regions.
Which Currency Broker Has the Best Customer Service?
In our 2025 awards, TorFX won the “People’s Choice” award and received the most positive votes overall from customers citing excellent personal and customer service.
In our 2023 awards Currencies Direct received the best feedback from clients for customer service. Over 85% would recommend the company to a friend, which was 10% higher than the next currency broker recommendation scores.
Why Customer Service is Important
- Currency brokers offer account executives to help with the actual conversion, the process of sending funds abroad and advice on market timing. This can save you money by ensuring your account is opened into to get a great exchange rate.
- One of the major concerns clients have when transferring money abroad is the safety of their funds and that they will arrive at their destination. Currency brokers have personal account executives who can provide phone and email updates at every stage of the journey.
- Unlike banks like NatWest or money transfer companies like Wise, which almost entirely operate online and have no point of contact for discussing transactions, personal account executives are available to discuss all aspects of a transaction.
- Account executives can also help explain the best time to buy and sell a currency, if a currency forward may be appropriate, and how to get the best exchange rate when sending large amounts of currency abroad.
What Currency Brokers Offer the Longest Forward Contracts?
Halo Financial and TorFX will let you do a currency forward contract up to 2 years in advance. The majority of other currency brokers offer currency forwards up to 1 year.
Currency brokers can lock in the current exchange rate for transactions that do not need to be done for some time in the future.
Most currency brokers offer currency forwards up to a year in advance, but some specialists offer forwards for 2 to 3 years.
A good example of the use of a currency forward contract is buying a holiday home abroad. If a couple know they will need to buy EUR 500,000 in 6 months’ time and don’t want to risk the exchange rate moving against them, they can buy the euros at today’s exchange rate but not have to pay for them until the currency forward settles after 6 months.
Which is the Most Established UK Currency Broker?
Currencies Direct is the most established currency broker we feature, having been founded in 1996.
Established currency brokers offers are a little more expensive than start-ups because new providers come to market to undercut the established companies. So overall prices are driven down, which is good for the consumer.
However, currency brokers that charge so little that they don’t make any profit present more of a risk than established currency brokers which operate on healthy margins and are well capitalised.
When choosing a currency broker based on how well established it is, you may find that you pay a premium for security vs opportunistic fintech start-ups.
Start-ups also tend to be heavily focused on technology, which makes the process quick and cheap, but offers little personal service. Or a new currency broker may focus only on personal service with commission-based salespeople. However, personal service comes at a cost, as commission-driven currency brokers may not be the cheapest option.
Which Currency Brokers are Best for a Mixture of Large & Small Transfers?
Currencies Direct and TorFX will both let you send as little as £100 abroad. However, it is important to note that if you’ll be doing only small transfers, you’ll be better off with a money transfer app.
| Currency Broker | Min Transfer | Max Transfer |
| TorFX | £100 | Unlimited |
| Currencies Direct | £100 | Unlimited |
| OFX | £250 | Unlimited |
| Corpay | £3,000 | Unlimited |
| Xe | £1 | £500,000 |
| Remitly | £1 | £5,000 |
| Wise | £1 | £1,000,000 |
In theory, you can send as little as £1 with all providers, but a currency broker will expect clients to transfer a minimum of £10,000 at some point to make the services cost-effective.
Currency brokers specialise in transfers above £10,000, so for small deals there may be a fee; some will treat small transfers as a loss leader for larger conversions.
Currency brokers do not have a maximum amount you can send, although the maximum you can convert in one go will depend on the liquidity of the currency pair.
How to Compare Currency Brokers
The 2 key aspects to compare when comparing currency brokers are price and trustworthiness.
- Price. This is the comparison of exchange rates offered by different currency brokers.
- Trustworthiness. Currency brokers are not covered by the Financial Services Compensation Scheme so you need to ensure that any currency broker you use can be trusted with your funds
There is a plethora of currency brokers in the UK; they all essentially do the same thing, and that is to provide access to better exchange rates and faster international money transfers than banks. So how do you choose between them?
Below are the questions you need to ask yourself.
What will the Service be Like?
Personal service from a currency broker is one of the most important factors, especially for large amounts. Some may say this is even more important than pricing.
Large foreign exchange transactions can seem very daunting and as a client, you need to make sure that the firm has experienced dealers who understand the process and markets.
It’s obvious that every transaction is very important and that some cases, such as foreign property purchases, can be the largest single transaction for an individual.
Therefore, having someone to talk to directly before a large foreign exchange trade is helpful, and one thing that currency brokers are particularly good at.
After all, not correctly timing and executing a foreign exchange transaction are arguably the largest costs.
What are their Exchange Rates?
Currency brokers are far cheaper than banks for foreign exchange and international money transfers. A bank can charge an exchange rate mark-up of up to 5%, while most established currency brokers aim to charge up to 1%.
However, most currency brokers only display exchange rates on their website rather than the mark-up.
There should also be no additional fees for conversions as everything is included in the exchange rate.
Do they Offer Currency Forwards?
Most banks don’t offer currency forwards and they are perhaps the easiest way to reduce risk and protect your money in the foreign exchange markets.
Using a currency broker for a currency forward means you can lock in the current rate for typically up to 1 year in advance. You will need to put down a small deposit, but some currencies can move up to 10% a year, so locking in an exchange rate is a very effective way of budgeting.
Check How Long Transfers Take
Banks can take even a few days, whereas most currency brokers can transfer funds internationally on the same day.
So if you do a conversion in the morning, a currency broker can send the money and have it in your international beneficiary’s account that afternoon.
Sometimes this can take a little longer due to the procedures of the receiving bank and country; the broker generally aims to get funds sent from your account as soon as possible.
Can you Convert and Send Funds Online?
Some customers, especially corporate foreign exchange clients, are quite happy to convert and transfer currency online. So make sure that your broker can provide you with an online platform for desktop and on mobile so you can check exchange rates, execute conversions and track payments wherever you are, 24/7.
Are they FCA registered?
All financial service businesses in the UK have to be regulated by the Financial Conduct Authority (FCA), and currency brokers are no different. You can check to see if a currency broker is regulated on the FCA register here.
Being regulated by the FCA means that the broker has been vetted and adheres to certain compliance and client fund safety rules.
Never open a currency brokerage account (or any other financial services account) with a firm that is not FCA registered.
Currency Broker FAQs:
In most circumstances, it is possible to open a currency broker account online and be ready to transfer funds that day. However, in some cases, it can take longer.
When transferring large amounts of money abroad, currency brokers have to conduct anti-money laundering checks before any transfer can be made. This usually takes place when you open your account, where a currency broker will ask what type of transfers you will be making, what they are for, and where the funds are from and going to. This may seem intrusive but it is very important to provide any information you are asked for promptly. If you do not, it may cause a delay in your account being opened and your ability to transfer funds abroad.
If you have a particularly complex transaction to an exotic destination, the process can take some time whilst checks are being made. This is one of the rare occasions when you must decide if your bank can make the transfer on time, at a higher cost, or if you can wait for your currency account to be in place and take advantage of their reduced fees.
The best way to ensure that your international money transfer arrives on time is to open a currency brokerage account before you need it and be absolutely upfront about what the transfer is for and provide all the necessary supporting documentation beforehand.
Our guide on preparing for a large currency transfer goes into more details about the process.
Currency brokers are not the same as forex brokers. Forex trading brokers are used for speculating on the price of currency markets and can be used to hedge currency exposure with derivative contracts like futures, options and swaps. Currency brokers are different because they do not offer speculative services; currency brokers only provide currency conversion for buying and selling foreign currency for international payments. Currency brokers can offer hedging facilities through currency forward contracts, but currency forward transactions settle on a specific date to reduce risk, rather than speculate for profit.
Currency brokers make money by widening the spread between the price at which they buy currency and the price you buy it from. Banks can charge a spread of up to 4% for currency transfers. Currency brokers charge around 0.5% for transactions above £10,000. Currency brokers will charge a smaller spread margin for larger currency conversions.
In the past, currency brokers would charge a commission on top of the fees included in the exchange rate. However, as the market has become more competitive, this is no longer commonplace.
Yes, you can convert and transfer funds over the phone with a currency broker. Dealing online is easier, faster and safer than ever, but you may find having a broker at the end of the phone beneficial, especially for larger currency transfers. However, this may cost you a little more. Pricing is the same as fixed-rate brokers. There are many advantages to doing large currency transfers online, as you can keep an eye on the exchange rate and do the conversion at the exact second the price is right for you. However, for one-off, large, personal transactions, having a dealer taking all the risk or making a mistake on the other end of the phone can make life a lot easier. You can see which brokers offer telephone support in our comparison table above.
Yes, currency brokers can offer OTC trading products like FX options. However, FX options are sophisticated financial products that are generally reserved for business hedging. However, firms like Assure Hedge offer a simple options product for private clients.
Currency brokers are often confused with money transfer companies, foreign exchange brokers and currency exchange specialists. The key differences between the different types of service are:
- Currency brokers – large international transfers
- Money transfer firms – small international transfers
- Foreign exchange brokers – speculation on currency movements
- Currency exchange specialists – converting physical cash currency
Money transfer providers are generally better for small regular transfers and currency brokers for large currency conversions. Some currency brokers will offer the facility for their clients to make small regular currency transfers as part of their overall service, but would not generally accept clients that only do small transactions.
Typically, the minimum transfer a currency broker would expect a client to do would be £10,000. This is because it is not cost-effective for them to onboard clients that would not generate enough revenue to cover the cost of maintaining the account. Money transfer providers, however, can offer quicker onboarding and lower fees for small transfers because as the amounts transferred are generally less than £10,000, they do not have to conduct such stringent anti-money laundering checks.
This article contains affiliate links which may earn us some form of income if you go on to open an account. However, if you would rather visit the currency brokers via a non-affiliate link, you can view them directly here:
