HiFX is an online foreign exchange platform that prides itself on offering better rates than banks and great customer service.
HiFX allows individuals and businesses to make an international money transfer through their online platform, for many reasons, including; paying overseas bills, paying suppliers, emigrating etc. You select the currencies, the amount you wish to transfer and enter the recipient’s details - the platform will do the rest. In your account, you can track your payments 24 hours a day, 7 days a week. HiFX give you live rates and you can lock in your exchange rate to ensure the amount to be received.
HiFX will provide a dedicated account manager for users who make larger payments overseas. The account manager will work with you to understand your needs and suggest the best options to make your transfers cost effective. This includes forward contracts (allowing you to lock in the rate for 12 months) and market contracts.
You will need to create an account with HiFX before you can make an international money transfer. The sign-up process is simple and takes around 5 minutes to complete. You will need to provide proof of identity before HiFX send you an email to confirm your account. If you are making a transaction for a company, a company account will need to be created instead of a personal one. The signup process will differ slightly but will still be very simple.