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Efficient currency exchange and overseas transfer

  #8 (permalink)

Elite Member
Helsinki, Finland
 
Futures Experience: Advanced
Platform: SC/CQG, API/Rithmic, TWS
Broker/Data: AMP, Interactivebrokers
Favorite Futures: 6E, FDAX
 
Scalpguy's Avatar
 
Posts: 165 since Jul 2010
Thanks: 7 given, 102 received


lemons View Post
I think you are thinking to much.

Withdraw USD and your bank can convert them to GBP.

You ever checked bank conversion rates ? They are VERY UGLY and this is why AMP conversions are bad too (they do it in their bank).

Definitely move your profits out in USD and find a broker where you can trade the conversion in interbank market by yourself.

There is easily 50 to 100 pip difference to real rates in each transfer which in the long run will be a hell of a lot of money you offer on the silver tray to your/their bank.

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