Algarve Property Database have teamed up with Foreign Currency Direct plc (FCD) who are one of the leading foreign currency brokers in the UK who have been recognised as the best exchange rate provider for three years in a row by The Sunday Times.
Please complete the form below and an advisor from Foreign Currency Direct will contact you with further details of their service.
Why use Foreign Currency Direct plc rather than my bank? FCD can save you money compared to your high street bank and provide you with a personalised service. They are one of the UK's leading foreign exchange specialists. This means that the volume of currency trades and lower operating costs allows them to pass significant savings onto their clients. At FCD, any Algarve Property Database clients are assigned to our personal dealer Matthew Tait. As a senior person at FCD he will guide you through the whole process from start to finish. One of the key factors to making significant savings on your currency exchange is timing. The traders at Foreign Currency Direct plc will keep you informed of market activity, which could further enhance your savings.
How do I begin trading with Foreign Currency Direct plc? Register for a trading facility online or request an information pack in the post. Once you have opened an account, for which there is No Cost or Obligation, you are in a position to secure rates by telephone. FCD will go to work for you to get you the best rate possible. Should you accept the rate they will immediately e-mail, fax or post confirmation of the contract. Simply confirm your onward payment details by return and as soon as cleared payment is received your funds will be transferred.
Can I fix my exchange rate now for a future purchase? Yes, an exchange rate can be fixed for up to 2 years in the future. This means that you can determine exactly how much you need to spend on a future purchase without having to worry about fluctuations in exchange rates. This type of contract is called a called a Forward Contract and is perfect to help you budget for a house purchase.
How long does it take to transfer my funds abroad? FCD uses priority SWIFT method for all transfers. This is the quickest and safest way to transfer funds worldwide. As with all bank-to-bank transfers, the time it takes to receive the funds in the beneficiary account is also dependent on the receiving financial institution, which can sometimes cause delay.
How secure is my money? Dunn & Bradstreet give FCD a rating of 1A1, the best of its kind, meaning that you can exchange your currency with complete peace of mind. FCD are the only company to provide an IPD (Irrevocable Payment Document). This is a globally recognised proof of payment to confirm the date and quantities of your transfer.