Do Currenxie or WorldFirst work well for exchanging currencies?
- Thread starter Sean Restling
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You also need to keep an eye on what it costs each time you exchange your currency, there is a difference, and I have noticed that Wise is one of the cheapest.
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
Why AMNIS is asking for minimum 100K currency exchange on the PERSONAL account?
Is there any fee associated, if I exchange less.
Why do you say that? You mean that in the business exchanging currencies must be explicitly stated as one of the sources of the company's profits?
Yes Wise is convenient, Revolut seems convenient too if you have a plan with no restrictions/commissions (for that you need to pay about 10eur/month).
I of course do not know what @daniels27 was thinking about 😉 but I think the background is the fact that both Currenxie and Worldfirst open accounts only for businesses, not for a personal use.
And I can confirm that Currenxie and Worldfirst are recommendable (for the abovementioned usage).
For a personal use, check also e.g. Moneycorp, Xe.com, Conotoxia.
Do you mean International Payments with the #1 Platform - fast & simple | amnis ? If so, what is the source of this information? AFAIK, they target also at businesses only, mainly at SMEs...
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Okay got that. I have business accounts both with Currenxie and WorldFirst, and was wondering if they make a fuss if you trade in currencies (again, very small amounts) even though trading currencies it's not your core business. EMIs are getting quite pedantic lately and prefer to avoid hassles.
Well, if you plan to do FX trade really frequently (as it was your business, not related to transactions), I'd recommend to go for a platform that is dedicated to it, after all ”“ at least for your comfort.
The above mentioned Moneycorp, Xe.com, Conotoxia will serve you well...
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Yes. I mean that those only open accounts for businesses, not personal accounts. Wise is not in the personal accounts.
Wise is 0.4%. If you have enough turnover, most brokers will offer you about 0.15% once you tell them Xyz give you 0.18%. Boy you will need high 6 figures.
Amnis has much better service with account managers. They typically are looking for middle 6 figures turnover per year on all accounts combined. You can do personal account with less if your business is doing well.
Wise is 0.4%. If you have enough turnover, most brokers will offer you about 0.15% once you tell them Xyz give you 0.18%. Boy you will need high 6 figures.
Amnis has much better service with account managers. They typically are looking for middle 6 figures turnover per year on all accounts combined. You can do personal account with less if your business is doing well.
You seem to have some experience with Amnis. Do you consider them reliable? And what about the fees? (At webpage they are not transparent re: fees, IIRC.)
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
I tried many. From OFC to Wise to World First to IBAN First. Now using Amnis. The fees are on the website. I think 0.4% Forex without monthly fees, then there are plans with 0.3% and 0.2%. The wire fees are about 10 now after the free quota, used to be 5. The support is excellent for what you pay. You won't get that with wise you sure.
I like that they do not advertise high prices and then you have to negotiate long to get to 0.2%. They start with useable prices from scratch. If you have volume, PM me, I may be able to help with pricing.
how can you help with that ?
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