To obtain foreign currency exchange services from IFX you will need to apply on-line to open an account. Once your account is set up, IFX will allocate an experienced foreign exchange (forex) currency dealer as your account manager.

Your IFX account manager will explain all of the options available to you regarding any transactions that you may wish to make concerning the transfer of money overseas and will keep you fully informed with regular market updates. They will also guide you through each step of the transaction so that you are able to make the most of your money.

The process of currency exchange or money transfer needn’t be risky if you plan your transaction in advance. If you leave your currency exchange to the last minute and the exchange rates don’t move in your favour, you could find yourself paying much more for your property than you budgeted for.

An example of how planning ahead can help you reduce the risk, an off-plan property priced at €285,000 would have cost £190,000 in August 2005. However, because of currency fluctuations, the cost of this euros to pounds transaction would have increased by over £10,000 to £200,645 in April 2006, a 5.6% increase in just nine months due entirely to exchange rate fluctuations.

By following a simple and prudent strategy and avoiding the temptation to ‘bet on the market’ most investors would have avoided this loss, purchasing their property or asset on favourable currency terms. The potential for loss however demonstrates the benefits that skilled professional guidance can bring to the one-off investor.

As a well respected foreign exchange consultancy IFX can safely guide you through the process of buying foreign exchange (forex), give sound advice on your transaction, and execute the trade at a cost usually much lower than a typical High Street Bank.