While they incur a minor 'spread' cost, usually within the range of 2-7 pips, they subsequently mark up the rate they provide to their clients.
Our belief is simple: these markups should be fair.
But, for straightforward spot conversions, we think a fair markup from the wholesale exchange rate hovers around the 0.5% level, with better pricing for larger conversions.
Our Cost Calculator tool empowers you with the ability to compare the rate you're offered against your bank or broker's approximate cost rate.
One of our team will check through your enquiry and contact you soon.