Is OFX any good for Currency Forwards? Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Is OFX any good for Currency Forwards? across five key areas of our review framework.
- Pricing4.5
- Market Access4.0
- Online Platform4.0
- Customer Service4.5
- Research & Analysis4.5
Pros
- 12-month currency forwards
- Bank beating exchange rates
- Personal service and advice
Cons
- No currency options
See full expert review
Our verdict
OFX does not charge any fees on top of the exchange rate you get. Exchange rates are of course bank-beating and are based on size, so the larger your transaction the better the rate you will receive.
Is OFX good for currency forwards?
OFX offers currency forwards up to 12 months and does not charge any fees on top of the exchange rate you get. Exchange rates are of course bank-beating and are based on size, so the larger your transaction the better the rate you will receive.
In this review we look how good OFX is for currency forwards and how far into the future you can lock in an exchange rate.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.