TorFX helps individuals and companies who need to make currency transfers, providing bank beating exchange rates, specialist advice and free international transfers as an alternative to using the major banks. Typical clients of TorFX include people buying or selling an overseas property, as well as local and national companies that are either importing or exporting,

Opening an account is free, and you are able to buy or sell currency with one telephone call. Your personal TorFX currency consultant will be on hand to advise on your transactions, and if required you can book your currency up to one year in advance, protecting your purchase from the risk of adverse exchange rate movements (which could otherwise increase the cost in sterling terms).

Your currency will also be sent to its end destination free of charge, whether this is your own account, or perhaps you are paying funds direct to a developer or a holiday company.

A Forward contract is where the broker guarantees a rate of exchange for delivery in the future. TorFX will require a 10% deposit to reach our account within 24-hrs of agreeing a rate, with the remaining currency due to reach our account 48 hrs prior to your specified delivery date.

The TorFX Regular Overseas Payments service is a highly cost effective and simple way to send money abroad on a regular basis. The service is available for regular transfers of between £250 and £5,000 per month over a minimum period of 6 months. TorFX can offer you a highly competitive exchange rate on your transfers, and we charge 0% commission, saving you an average of 3% over the rates offered by high street banks. In addition, transfers are free of charge, compared to a typical charge of £30 for most banks. Once you set up the plan, you don't need to do anything, the payments will be made automatically.

In order to open an account you will need to complete our registration form and in line with HMRC regulations, send a scanned colour copy of your passport and two utility bills dated from within the past six months.