Efficient currency exchange and overseas transfer | Trading Reviews and Vendors

futures.io - futures trading strategies, market news, trading charts and platforms

Trading Reviews and Vendors

Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons


Efficient currency exchange and overseas transfer

  #8 (permalink)

Elite Member
Helsinki, Finland
Trading Experience: Advanced
Platform: SC/CQG, API/Rithmic, TWS
Broker/Data: AMP, Interactivebrokers
Favorite Futures: ES, NQ, CL
Scalpguy's Avatar
Posts: 171 since Jul 2010
Thanks: 8 given, 110 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.

Reply With Quote
Page generated 2019-04-22 in 0.06 seconds with 11 queries on phoenix