20 July 2010

Which is Your Top Forex Service?

The top foreign exchange companies have today posted their pre-tax profits and show an interesting round of results.

With a few position changes - the most notable of which saw forex broker HiFX retreat from #3 to eighth place - the table of results showed that there is a major jump between the profits of the top two and the rest. Why?

The answer lies in the services that such companies offer. Sure, they are all under the umbrella of 'foreign exchange' but while some offer vast coverage of global travel money (including airport bureaux de change), others offer pure foreign exchange for delivery services.

So, the next time you look for a good foreign exchange service, don't rely on their profit margins to decide which one is worthy. You might find that the smaller firms can offer a much more streamlined and expert service than the big guns at the top.