Jump to content
House Price Crash Forum

Forex Trading On A Brexit


Recommended Posts

For me, the cheapest way was to use my German bank to convert to pounds (don't use the UK bank to convert from euros - the rates are awful!), and then send the pounds directly to my British account. I don't know whether Spanish banks are as good value as German banks for currency charges. Ask your bank for a quote and see what the spread and charges are.

Otherwise, TransferWise are good for smallish amounts (flat rate). You can also get an initial discount for your 1st transfer. The problem for me for TransferWise is that it takes them some time to receive euros from your bank, so by that time the exchange rate could have changed. Other places, like HiFx, let you get more control on the rate, at an extra cost. Moneysavingexpert has some more information on these companies. I suppose a crash may be the time that one of these companies goes bust, and you risk your money, so check for FCS regulation at least.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.