Forex Brokers Accepting US Traders

When comparing different Forex options to transfer money overseas, there are a number of factors to keep in mind when deciding which one to go with.

We provide information as a guide only to help you in knowing what services are available in the market. Some links displayed on this site generate a referral fee for us if you click on them and then choose to transfer money with that provider.

You are under no obligation to deal with any business mentioned on this website.

Forex Providers For Transferring Money Overseas OzForex — Personal and Business HiFX - Personal and Business TorFX — Personal and Business Comparing Forex Exchange Providers When comparing different Forex options to transfer money overseas, there are a number of factors to keep in mind when deciding which one to go with. Fees — this is the most obvious cost that most people look for when transferring forex.

Some providers will offer no fees for transactions over a certain monetary value. Some providers have a fixed fee for sending any amount and others have different methods of calculating fees. Recipient Fees — this fee is levied by the receiving bank or financial institution.

Banks tend to be the ones who usually charge this type of fee to international banks transferring money into their accounts. Some of the providers may be able to help you avoid this fee.

Some forex transfer companies have their forex companies in us bank accounts in many countries and they make a consolidated deposit to their overseas account consisting of many customer transactions. They then make a local bank transfer to send your money to its final bank account destination.

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For example they take all customer transfers to the USA for one day and transfer them into their New York bank account. This is not available in all countries or with all forex providers.

Exchange Rates — the exchange rate can often differ stock option credit spread between the banks and various forex providers!

It can pay to shop around to find the best exchange rate — in some cases the exchange rates will vary by several percent. This can really start to add up as you send larger amounts of money. Transfer Time — you will want to consider how long it will take your money to arrive at its destination. If you have a tight timeline, you may want to compare several providers before making a forex transfer. The recipient may be highly unimpressed to have to wait that long for funds and it may jeopardise a business transaction.

Maximum Transfer Amount — some providers place limits on how much you can send in a transaction.

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