Since launch, The Currency Club has built its reputation on selling travel currency at competitive exchange rates. With summer officially over, the company’s recently introduced Foreign Currency Buy Back service has meant that the company is now buying and selling global currencies at the best exchange rates – great news for its members!

The foreign currency buy back scheme is commission free and the perfect solution for people who are left with excess travel currency at the end of a trip. Travelers can sell back any unused global currencies ranging from US dollars to Euros and Bahraini Dinars at highly competitive exchange rates. To take advantage of the new Buy Back service, simply visit the Buy Back tab on the company’s home page www.thecurrencyclub.co.uk and get a quick exchange rate quote.

The Currency Club’s travel money online system pre populates fields and allows members to quickly complete details of the quantity and nature of the surplus currency using the Buy Back Currency Converter on the right hand side of the page. The converter will immediately provide a competitive buy back currency exchange rate. Once the member agrees to the estimated buy back quote, they send their currency via Royal Mail Special Delivery to The Currency Club’s PO Box address. Upon receipt of the travel money, The Currency Club will use the best buy back rate of the day and promptly instruct a GBP payment directly to the member’s bank account.

The best travel money exchange rates are found online and research shows that The Currency Club’s prices are up to 13% better than the airport and up to 8% better than the high street. Key features in the design of their website such as the innovative “Rate Optimiser” tool helps customers optimise the exchange rate as they increase the currency order amount and enhances transparency further. Competitive exchange rates, a free next day delivery service of cash and travellers cheques anywhere in the UK and now the travel currency Buy Back service make the services offered at The Currency Club compelling. To find the best exchange conversion rates and surplus foreign currency buy back rates from comfort of your own home or office, just log onto www.thecurrencyclub.co.uk.

travel currency

Last month, a super complaint was submitted to the Office of Fair Trading (OFT) by watchdog Consumer Focus to investigate whether travelers are receiving a poor deal on foreign currency from major banks. The Currency Club, a travel money online specialist, offers competitive exchange rates and provides significant savings to consumers. They agree that the banks do not have a competitive advantage in the retail foreign exchange market and claim that the best exchange rates are to be found online.

The key to buying travel money is securing the best exchange rates and avoiding unnecessary charges however, because foreign exchange rates can be volatile and constantly fluctuating, it can be difficult to price compare. The concern is that debit /credit card and cash withdrawals abroad are still common and travelers are not clear about the charges that may apply and find the fee structure confusing.

The popularity of using debit and credit cards on holiday is the convenient nature of transacting. However, these cards could end up costing a fortune in hidden fees and foreign exchange transaction charges. Exchange rate loading fees are added onto the exchange rate by the bank when foreign transactions are made, this can be up to 3%. Typically, the fee won’t show up on the bank statement either so travelers will not know they’re paying it unless the terms and conditions are checked.

Using a hole in the wall when abroad is another option to access travel money. However, the banks can potentially make money twice each time the ATM facility is used. Once for the privilege of withdrawing travel money immediately and secondly, on the foreign exchange rate they offer. Typically 2% is charged of the withdrawal, or a minimum of £2. There’s no interest-free period: so interest will be charged as soon as the cash is taken out and will probably be at a higher rate of interest than your typical APR.

Spending fees tend to apply to debit cards and are flat-rate charges that banks put on foreign exchange transactions. These fees can add up and repeated use of a debit card abroad can sometimes make them less economical than credit cards.

There is growing evidence that in the UK, fewer travelers are using their local high street banks to exchange currency. Recent data shows that only 15% use their local high street bank to change money which is encouraging however, the airports still appear to be common place.

The airport bureaus continue to be a popular choice for some in spite of the extortionate exchange rates charged. Airport booths are the worst place to exchange travel currency as travelers are at the mercy of the airport foreign exchange cashier. There is less competition between travel currency providers at an airport terminal and the cashier can dictate how much they rip you off.

On a positive note, the retail foreign exchange marketplace does appear to be changing with the growth of the online consumer. The Internet has become a major travel distribution channel with over 50% purchasing flights, hotels and other travel related products online. More and more, consumers are now buying their travel money online too. Businesses like The Currency Club, do not have the expensive overheads that foreign exchange bureau booths do on the high street and these savings can be passed on to the travelers via sharper exchange rates. As an example, The Currency Club’s exchange rates are up to 13% better than the airport and up to 8% higher than the high street rates. It could mean a difference of up to £65 on a transaction amount of only GBP£500 with an even greater saving as the order size increases!

Furthermore, a FREE next day delivery of cash and travellers cheques is offered for any transaction size and their innovative “Rate Optimiser” tool visually demonstates how customers can optimize the best exchange rates with the more they order.

Travelers are already in the habit of getting online to find the best deals on flights, hotels, car hire and travel insurance. Research now shows that there has been a consistent increase in travel money purchases conducted online too. This reflects that the savvy holiday makers are becoming more informed that they should not rely too much on bank credit cards and ATMs abroad and when it comes to travel currency, there are big savings to be made online.

The Currency Club trades in over 40 global currencies on a daily basis and has received recognition from Which? Money Magazine survey as a competitive provider of travel currency.

To learn more about The Currency Club and to order your travel currency securely online, visit http://www.thecurrencyclub.co.uk.

the best exchange rates

London, UK. 25th August, 2011 – Forex can be a tricky business to invest in, especially if you do not have prior experience in working with the traders or with a particular currency pair!

ForexTrainingWorks.com, an online portal, has decided to make it easier for you as an amateur investor. With a host of online videos, DVDs and audio tutorials, this portal helps you get in complete shape as far as insightful knowledge in forex industry is concerned.

The best part about the forex training course offered on the portal is that you also get post-course support. This includes stuff like online forex trading mentoring as well as professional mailed guides for traders who still need physical mentoring after the four-week forex for beginners’ course is through!

Joe, a fitness instructor from Connecticut, USA, quips, ”I benefited massively from this course. And I was so impressed that I decided to push Adrian, my wife, who was interested in forex too, for the same. We are learning and enjoying the currency exchange trade till date!”

To know more about the services offered by Forex Training Works, send in a mail at [email protected] or call at 01144-800-612-7523 or 0800-612-7523.

About Forex Training Works

ForexTrainingWorks.com is a maverick portal that offers a massive insight into the forex online trading industry and also offers short forex for beginners courses – that is completely online! Through DVDs, books and video/audio tutorials, it achieves training hundreds of amateur forex brokers every year!

Contact Information:

Phone:
US – 01144-800-612-7523
UK – 0800-612-7523
Website: www.forextrainingworks.com
Email: [email protected]

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Buckinghamshire, UK, October 15 2009 – Pure FX is a wholesale currency broker, specialising in large scale money transfers. They believe that dissatisfied businesses are now shunning traditional banks in favour of the competitive exchange rates and low charges that companies like Pure FX offer.

Traditionally, people have always used banks for large currency transactions, accepting whatever exchange rates are on offer. However, as bank exchange rates become ever poorer – and bank charges ever higher -  businesses seem to be waking up to the fact that there is an alternative to transferring large sums of money via the banking system.

Foreign currency brokers deal exclusively with the buying and selling of money. Because they are specialists, they don’t have to manipulate exchange rates, or make extravagant charges, to minimise their losses in other areas. In addition, specialist brokers have the benefit of collective volume i.e. thousands of customers, all making the same transaction at the same time. This allows them enormous bulk trading power, and access to the best exchange rates.

“It’s obvious the Bank of England does not want a strong pound – in fact Mervyn King [the BoE Governor] is on record as having said so,” says James Roberts, of Pure FX. “Despite government promises of an economic upturn, Sterling is steadily losing value. With October set to look just as bad as September, businesses are looking to us as being the viable option for foreign money transfers.”
For more details about Pure FX, please visit www.purefx.co.uk or call 01494 671800.

The eToro forex trading platform is now available to U.S. based traders in the shape of eToro’s U.S. subsidiary eToroUSA that has signed on to become an operating broker for reputable U.S broker FX Solutions.

Up until recently, the eToro platform, which has taken the international online forex trading industry by storm, has had to refuse the thousands of U.S. based traders knocking on its door. Due to NFA regulations, eToro could not offer U.S. traders access to its innovative trading technologies and the superb trading capabilities of its European based operating broker RetailFX. Now, finally the day has come when U.S. trader can enjoy eToro’s visual and educational platform thanks to the establishment of eToroUSA and its collaboration with FX Solutions.

eToroUSA.com is now recognized and approved by the NFA as a legitimate and licensed introducing broker. At the center of its offerings lies the eToro trading technology which has introduced innumerable novice traders worldwide to the forex market, and has made forex trading user friendly for countless seasoned forex pros. The platform also includes all of eToro’s community features such as trader chats, forums, prize bearing trading challenges and the eToro developed Top Traders’ Insight tool which gives traders an insight into the trading decisions of eToro’s top profiting traders.

FX Solutions is a long standing and NFA licensed U.S. forex brokerage firm that has developed the “direct link” price feed technology which enables it to provide unmatched speed and accuracy in trade execution and market rate updating. FX Solutions has been named one of America’s fastest growing private companies by Inc. magazine for three consecutive years, which makes it a natural partner for eToro, the most popular trading platform online. Together, as eToroUSA, the two companies search to provide clients with state of the art trading and brokering technologies as well as unparalleled service.

There is no question that eToroUSA is a predetermined success. eToro has had to turn down multitudes of U.S. clients over the years and eToroUSA now presents an opportunity for those clients to finally use the eToro platform together with the trading capacities of a top notch broker. It is a chance for U.S. based traders to start trading forex the eToro way, with simple and user friendly trading interfaces as well as eToro’s unique community tools. The statistics of eToro’s worldwide success indicate that U.S. traders will not pass up this opportunity to access the forex market, and that eToroUSA, much like eToro itself, will soon be climbing the ranks for the top spot at the head of the American forex trading industry.

Having established itself as a premium source of forex news and commentary, eToro.net now offers traders worldwide a weekly dose of forex market revues in the language of their choice.

In the short time since its launch, eToro.net has already managed to secure a reputation as a reliable and up to date source of forex market information. Although operated by the eToro forex trading platform, the blog is free to access for any forex trading enthusiast looking for a fresh batch of forex market news and expert analysis. The blog offers daily currency price movement analysis, economic announcement commentary and expert opinions on current macro and micro market trends. This type of information is invaluable to any serious forex trader who wants to take major market forces into consideration when deciding on future trading strategy.

Unfortunately, many traders today find themselves challenged by a language barrier when seeking relevant forex market information. Even na?ve English speakers can sometimes find professional market commentary confusing as best, since financial analysts are famous for using a lingo all of their own. eToro.net has already tackled the English language problem by presenting market analysis in simple everyday language, understandable both to forex experts and novices. Now eToro.net has also taken upon itself to cater to the non-English speaking forex community by providing weekly market commentaries in German, French, Italian, Arabic and Spanish.

“Being a leader in the online forex trading industry comes with certain responsibilities, one which is to keep updating your offering in order to keep up with the industry’s progress and the ever changing needs of your growing client base,” said eToro CEO Jonathan Assia. “We have already recognized that most of our clientele are not native English speakers and have applied this realization to our platform very successfully in that eToro is now fully available in over seven languages. Adding the multi lingual market reviews to our blog was simply a matter of realizing that our international users may also want to read up on the forex market.”

The weekly market reviews consist of in depth analysis of the week’s major currency trends, including conclusions regarding the future based on these past trends, commentary and predictions regarding past and upcoming economic announcements, and expert opinion on macroeconomic decisions and events. This mix of forex market data supports both the fundamental and technical approaches to forex market analysis and can help traders worldwide to determine their trading decisions for the coming week. With the decision to add multi-lingual support to their forex blog, eToro.net is now transitioning from an eToro platform supplement into a full-fledged independent forex news source.

AKFOREX (www.akforex.com) is pleased to announce the re-launch of their website with many new features making online currency trading even easier for both new and existing clients.

AKFOREX (www.akforex.com) provides an online trading platform for individuals and institutions that want to speculate on the exchange rate between two currencies. In doing so, traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor.

AKFOREX is hoping to give new and existing clients an even better currency trading experience with a re-launch of their website. Those interested in foreign currency trading are encouraged to visit the new website and to contact AKFOREX (info@akforex) with any questions.

About AKFOREX:

AKFOREX (www.akforex.com) provides resources and training to navigate in the dynamically changing foreign exchange market, analytics and news for all your investment needs in the Forex market. AKFOREX offers online foreign exchange trading via a superior platform delivering near instantaneous execution, reporting and P&L analysis in real time. AKFOREX provides innovative currency trading technology, Institutional Pricing/Spreads, free forex education, superior execution, and excellent customer support.