Afex Review

?
Est. 1979
Free Quote

AFEX is a trusted global payment and risk management solutions specialist with a heritage that dates back to 1979. Specialist in serving the corporate market and offering hedging solutions. 

AFEX, which stands for Associated Foreign Exchange, is a leading private, non-bank provider of international money transfer and risk management solutions. They provide foreign exchange products for businesses and individuals and have several offices around the world, from North America, to Asia, the Middle East, and Europe. AFEX is registered with FinCEN and the FCA and regulated by the IRS.

Fee: ? £5 below £5,000
Bank Partner: ? BofA, Barclays, Deutsche
Speed: ? 1-3 days
Country Notes Offices in Australia, Canada, Italy, Ireland, Israel, Sweden, Switzerland, UK, USA
Local settlement: ? UK, US
Transfer methods ? Phone and online transfer services
Regulated By: ? FinCEN, FCA
General Notes 24/7 access to online payment platform - AFEXDirect

The pros and cons of using AFEX

pros

  • Customised global payments since 1979
  • One of the world's largest non-bank providers of foreign exchange solutions
  • Cost effective and tailored hedging strategies to manage currency risk
  • Dedicated Account Executives
  • 24/7 access to our market leading online payment platform - AFEXDirect

cons

  • Focused on the corporate market, not individuals. 
AFEX

AFEX Products for Individuals

Afex Money Transfer ReviewAFEX’s dedicated private client team works directly with individuals to develop tailored foreign exchange solutions. They help with one time and individual payments for clients who are buying property overseas, moving out of the country or moving back to their home country, or are simply making a one off international payment. They also offer assistance with cross-currency trades and navigating currency futures. As a member of the global SWIFT network, AFEX offers fast and cost-effective international payments. Individual clients also have the option of making online global payments through AFEXDirect, an online global payment system that automates currency purchases via a secure platform.

AFEX Products for Business

AFEX’s foreign exchange experts help a variety of commercial clients minimise the risks involved in currency transfers. They currently have more than 24,000 active business clients, including financial and educational institutions, import and export companies, small businesses, and large, multinational corporations.

AFEX helps small to medium-sized businesses with risk management solutions, insulating businesses from fluctuations in the currency markets with forward contracts, which lock in favorable exchange rates for purchases to be made in the future, and rate orders, which allow businesses to choose a target rate at which to buy or sell. They also help small to medium-sized businesses with FX payments in the form of spot transactions, which businesses use to buy or sell currency immediately, and with online FX payments through AFEXDirect.

For large, multi-national corporations, AFEX offers corporate and treasury solutions taking a customized approach to risk management. Similar to their offerings for small to medium-sized businesses, AFEX helps large corporations with risk management in the form of forward contracts and rate orders. For global payments, corporate clients have access to AFEXDirect, their online platform for managing global payments, and receive assistance with spot transactions when transfers need to happen immediately.

About AFEX

Founded in 1979, AFEX was a pioneer in the international money transfer space and has been growing continuously ever since. Recognized as the world’s fastest growing top tier provider of international money transfers and risk management solutions, the company has expanded its reach worldwide and anticipates further growth in the years to come as they open new offices in Europe and Asia.

Amount Received £ 10,000.00
£ 0.00 Avg. Saving vs. Banks ?
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USDn/a
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Compare Other Currency Rates

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OFX (prev. UKForex)

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OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

Amount Received
USD $12,937.34
GBP £218.84
saved vs. banks
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Amount Received
USD $12,911.23
GBP £198.84
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Moneycorp

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One-off payments | Regular payments | Great rates | Safeguarded customer funds

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Amount Received
USD $12,924.28
GBP £208.84
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TorFX

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Est. 2004

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Amount Received
USD $12,950.39
GBP £228.84
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WorldFirst

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Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Amount Received
USD $12,947.13
GBP £226.34
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Global Reach (formerly FC Exchange)

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Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

Amount Received
USD $12,937.34
GBP £218.84
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Western Union Business Solutions

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Amount Received
USD $12,859.01
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RationalFX

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Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Amount Received
USD $12,943.86
GBP £223.84
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Currency Solutions

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Amount Received
USD $12,949.09
GBP £227.84
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Smart Currency Exchange

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Amount Received
USD $12,943.86
GBP £223.84
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Rates From The Average UK High Street Bank

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More Info Less Info

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

Amount Received
USD $12,625.07
No saving vs. banks

PayPal

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Est. 1998

Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

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Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

Amount Received
USD $12,532.64
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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.