we have used HIFX and Caxton,
Submitted by Andiamo on Mon, 10/18/2010 - 08:13In reply to A newbie all over again! by Annec
Smart Currency Exchange
Submitted by La Dolcevita on Mon, 10/18/2010 - 15:05In reply to A newbie all over again! by Annec
Oz forex, all checked out
Submitted by TheItalianLife on Mon, 10/18/2010 - 16:22In reply to A newbie all over again! by Annec
We have used MoneyCorp
Submitted by simonandjo on Tue, 10/19/2010 - 07:40In reply to A newbie all over again! by Annec
I have used Rational FX -
Submitted by moruzzo on Tue, 10/19/2010 - 17:38In reply to A newbie all over again! by Annec
In reply to A newbie all over again! by Annec
FX transfer
Submitted by Sabina on Tue, 10/26/2010 - 03:50In reply to A newbie all over again! by Annec
Recommendations?
Submitted by Celticfire on Sun, 10/31/2010 - 14:07In reply to A newbie all over again! by Annec
We have used Smart Currency and TorFX both with no problems. I would hesitate to recommend anyone though, given recent experiences.There is a major difference between Authorised by: and regulated by: the FSA. Just make sure that whoever you use ringfences your money just in case there's another Crown Currency escapade!
The key difference is
Submitted by Capo Boi on Sun, 10/31/2010 - 14:57In reply to A newbie all over again! by Annec
The key difference is "registered" by the FSA and "authorised" by the FSA. Registered companies have no obligation to segregate client funds from general company funds whereas authorised companies do. In the event of the collapse of an authorised company segregated client funds should therefore be safe. Well thats the theory. Unfortunately the demise of Crown Currency has thrown up this "loophole" that most people were unaware of and again the FSA does not come out in a good light. Also, in cases of fraud or malpractise as things stand at the moment its unlikely that even for an "authorised" firm, customers would be able to draw on the FSA's compensation fund. Regulation, in the whole industry, in my opinion needs to be clarified and tightened up.