TorFX is an independent foreign exchange specialist and TorFX offer highly competitive rates of exchange to both corporate and private clients, for international trading, buying property abroad, emigrating and other overseas payments.

Most businesses and individuals in the UK still use a high street bank for their foreign exchange transactions, however more and more are beginning to reap the benefits of using a specialist foreign exchange company.

Through TorFX's established relationships with some of the UK’s largest financial institutions, TorFX are able to buy and sell currency at “interbank” rates of exchange, and pass these savings onto TorFX's clients. TorFX frequently beat the exchange rates that the high street banks offer and also provide an unparalleled level of service to TorFX 's clients with TorFX's specialist knowledge of the foreign exchange market.

What TorFX Do

TorFX is an independent foreign currency provider. TorFX are a leading alternative to the high street banks when it comes to providing foreign exchange at commercial rates.

TorFX's Clients

TorFX's client base consists of both businesses and individuals who wish to save money on foreign currency transactions. TorFX work closely with their corporate clients, taking the time to understand their activities, and help them pro-actively manage their foreign exchange exposures through the dealing mechanisms that TorFX offer.

Why TorFX?

Firstly, TorFX are able to offer better exchange rates than the high street banks. Through TorFX's established relationships with some of the largest financial institutions, TorFX are able to buy and sell currency at "interbank" rates of exchange, and pass these savings on to TorFX's clients. Secondly, TorFX aim to give an unrivaled level of personal service.

When you open an account, you will be assigned your own personal dealer who will help you understand the various options available, and work with you to ensure you get the most from your currency transactions. TorFX also offer business clients free risk management consultancy to identify the best options to help manage foreign exchange risk.

TorFX also provide daily market updates aimed at keeping clients informed of developing trends, economic news and how these could impact exchange rates.

With TorFX helping to manage your currency requirements, you will receive better exchange rates, fast payments, and above all a completely secure service that allows you total peace of mind.

10 Good Reasons to use TorFX

1. Save Money
Many people and businesses still use their bank for foreign exchange transactions which can prove to be costly as the banks offer rates which are far less favourable than a foreign exchange company like TorFX can offer.

2. Avoid Exchange Rate Fluctuations
Because exchange rates change by the second it would be almost impossible to forecast exactly what the rate would be when your transaction is processed. You may have negotiated the best price for your purchase, but it could easily get cancelled out by a slight change in the exchange rate. TorFX can fix the exchange rate for you for up to two years which will protect you from rate movements.

3. Market Expertise
TorFX's experienced staff have extensive knowledge of the market and can provide you with vital information on the latest trends. The banks will not offer such expertise as foreign exchange is not one of their specialist areas.

4. Excellent Services
Forward contracts, limit orders and stop orders are excellent ways of guaranteeing that you get a rate you that suits you.

5. Security of Funds
Your funds are in your control all the time. Funds are held in a segregated account with a high street bank in your name and we can only access the funds with signed instructions from yourself. TorFX also provide an escrow facility for maximum security on larger transactions.

6. Personal Service
TorFX's customers are their first priority and we treat everyone as an individual and not just a number. Each client has their own personal account manager who will guide them through every stage of their foreign currency transaction.

7. No Commission
TorFX do not charge any commission for orders over £10,000 and provide free money transfers abroad.

8. Easy to Trade
Once you have opened an account with TorFX you are ready to trade. Your dedicated account manager will help you through the process.

9. Free Account Opening Facilities
TorFX do not charge at all for processing your account application, no deposit is required for opening an account and there are no administration charges for inactive accounts.

10. No Obligation Quotations
Your dedicated account manager will be only too happy to quote you prices without obligation.

TorFX - Security of Funds

Client funds are held in a segregated client account at National Westminster Bank. This account is exclusively for client payments, and is completely independent of TorFX's business accounts. This ensures that client funds are never exposed to the company or its creditors.

For transactions over £100,000, where some clients require an additional level of protection, TorFX offer an escrow facility which has been created in conjunction with Hutchinson & Co Trust Company Ltd , established Trust and administration experts who have provided trustee services to over 100,000 individuals in 55 countries worldwide. All accounts are held at National Westminster Bank plc.

Escrow simply means "a temporary deposit of assets with a third party by agreement between two parties to a contract. The money is released when the conditions of the contract have been met."

How Escrow Works

When clients use the escrow facility, they are still dealing through TorFX, but funds are deposited in the "Hutchinson & Co Trust Company Limited TorFX Client Escrow Account." This account is administered by Hutchinson & Co Trust Company Ltd, who await clearance of your currency before making payment to TorFX. Hutchinson will then disburse the currency according to your instructions. The escrow facility ensures that funds remain under the control of the client until the terms of the transaction have been satisfied. This provides clients with the highest level of security.

TorFX - Risk Management Service

TorFX have extensive knowledge of the foreign exchange market and can advise your business on all aspects of risk management regarding foreign currency transactions. TorFX's consultants are experts in their field and their goal is to maximise the profit for your business.

TorFX will appointment a dedicated consultant to get to know your business and to understand your operations. With a full understanding of your business TorFX's consultant will then advise on the best strategy to use to eliminate your foreign exchange risk and get the most out of your foreign exchange transactions. TorFX will provide you with regular market updates and contact you to advise you of possible future movements in currency rates which may affect you business.

If you are still using your bank for your foreign exchange transactions, TorFX will also advise you on the exchange rate you should be paying before you agree the transaction, not only providing you with a second opinion, but regulating the amount of money your bank will make from your transactions.

If your business relies on overseas markets (for importing or exporting) it is imperative that you are protected against foreign exchange risk, as a sudden fluctuation in the exchange rate at the wrong time could wipe out your profit margins. Even if you are using your bank for your foreign exchange, you may not be adequately protected. Most businesses do not have the expertise or resources to manage this risk "in house", and this is where TorFX can work with you to create a proactive approach to help optimise your currency dealings.

TorFX - Private Clients - Buying Property Abroad, Emigrating...

Whether you are buying a second home abroad, importing a car, or emigrating, TorFX can help you save money. TorFX offer their clients a service that takes the stress out of foreign exchange transactions, and TorFX's friendly account managers can walk you through the process and help you save money on your transaction.

TorFX - Corporate Clients - Importing or Exporting...

Businesses involved in import/export face constant risks from foreign exchange movements. High turnover, low margin businesses are at greatest risk from currency fluctuations and adverse currency movement can result in disastrous losses.

TorFX Travel Money - Quick, Easy And Hassle-free!!

TorFX Travel Money is the most convenient way to order your foreign currency - and whatsmore you'll also benefit from an excellent rate of exchange with no commission charges. You can order your currency online and have it delivered to you the next day - free of charge for orders over £300!

Private Clients - The Advantages

If you're buying or selling property abroad, or emigrating, it's a fraught enough business without the added hassle of deciding when to exchange your currency. Volatile exchange rates can make a huge difference to the price you pay or receive and TorFX's specialist knowledge will help protect you from any market movements. Here are just a few of the advantages of using TorFX:

• TorFX offer better exchange rates
• TorFX is safe, secure client bank accounts managed by a major high street bank
• TorFX have friendly personal dealers who are able to clearly explain the process
• Deal up to 1 year ahead at a guaranteed rate with TorFX
• TorFX offer the ability to "hedge" against adverse currency movements in advance
• TorFX provide free money transfer abroad

Corporate Clients - The Advantages

Here are some great reasons to use TorFX:

• TorFX offer better exchange rates
• TorFX is safe, secure client bank accounts managed by a major high street bank
• TorFX have friendly personal dealers who are able to clearly explain the process
• Deal up to 1 year ahead at a guaranteed rate with TorFX
• TorFX offer the ability to "hedge" against adverse currency movements in advance
• TorFX provide free money transfer abroad