douglashv Posted January 15, 2015 Share Posted January 15, 2015 Hi guys, I recently opened an account with moneycorp and they currently quote me an exchange rate of 1.1874 (AUD/USD) for a USD 10,000 transfer when I log in. But usforex quote 1.2007 giving me AUD 133 more. https://www.usforex.com/customer-rates Now I dont know what to do... both of them do not charge a transaction fee for this amount. I know that moneycorp is a sponsor of PIO, but it looks like usforex is offering a better deal now which could be more beneficial after a couple of transfers (I intent to do 2 or 3 more in the future)... any recommendations on this? Thank you in advance! Doug.- Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted January 15, 2015 Share Posted January 15, 2015 Personally I have never heard of them and would like to have some idea who I'm sending my money to. Also can you open an account if you don't live in America and would you be covered if anything went wrong. I really don't know. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted January 15, 2015 Share Posted January 15, 2015 @douglashv try dropping john a pm on here I am sure he could beat the rate. Link to comment Share on other sites More sharing options...
tonyman Posted January 15, 2015 Share Posted January 15, 2015 Hi guys, I recently opened an account with moneycorp and they currently quote me an exchange rate of 1.1874 (AUD/USD) for a USD 10,000 transfer when I log in. But usforex quote 1.2007 giving me AUD 133 more. https://www.usforex.com/customer-rates Now I dont know what to do... both of them do not charge a transaction fee for this amount. I know that moneycorp is a sponsor of PIO, but it looks like usforex is offering a better deal now which could be more beneficial after a couple of transfers (I intent to do 2 or 3 more in the future)... any recommendations on this? Thank you in advance! Doug.- use the fantastic rate ................. Link to comment Share on other sites More sharing options...
jen140977 Posted January 15, 2015 Share Posted January 15, 2015 we had quotes from both companies, we went with UKforx in the end as they didn't keep texting and bothering us when we already had a lot to sort out. Very easy transfer via phone; bit scary when transferring large amounts but worked for us, Link to comment Share on other sites More sharing options...
NicF Posted January 15, 2015 Share Posted January 15, 2015 Phone moneycorp and see if they can better the rate given online and if not go with the other place. You are not transferring a massive amount so they might not be able to do better but when we transferred our savings with Moneycorp we got a better rate just by my OH asking if they could better the rate they quoted us. Link to comment Share on other sites More sharing options...
itegoa Posted January 15, 2015 Share Posted January 15, 2015 You need to check out both companys. What would happen if either of them went bust while they were holding your money? Is the $133 extra worth it? (I don't know - just putting the idea into your head). Link to comment Share on other sites More sharing options...
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