Foreign exchange company

In a further attempt to offer the most information possible for those looking at buying a property in Spain, I have been in contact with Voltrex, a foreign exchange company, who have been kind enough to allow me to post their market reports. And as an FSA regulated company we can be confident in the standards of service. So please find below some information supplied by the company and an email address for those seeking their services.

Why use Voltrex Foreign Exchange?

Voltrex Foreign Exchange will save you money and in addition to providing with a more personal and efficient service than your bank. As a foreign exchange specialist the volume of currency trades and lower operating costs allows them to pass significant savings onto their clients. At Voltrex Foreign Exchange, Leigh Payne is the dedicated dealer who will guide you through the whole procedure from start to finish. Significant savings will be realised on your currency exchanges as Leigh will keep you informed of market activity which could improve your FX transaction.

How do I begin trading with Voltrex Foreign Exchange?

Opening an account is free and holds no obligation to trade. Once open you are in a position to secure rates by telephone or over the internet. Once a rate has been agreed between Leigh and yourself an immediate confirmation of the deal contract will be emailed to you. You may email or return by fax or post the onward payment details of your currency.

How long does it take to transfer my funds abroad?

For the major currencies same day and next day transfers are usual. Voltrex uses priority SWIFT method for all transfers which mean quick and safe transfer of funds worldwide. As with all bank to bank transfers, the time it takes to receive the funds in the beneficiary account is also dependent on the receiving party.

What rate will I be offered?

The rates that our dealers access are live ‘interbank’ prices (the price at which one bank sells to another). Real-time aggregation of prices from multiple sources means competitive rates can be passed onto our clients. As an internet and telephone based service, we do not have the large overheads of high street FX retailers.  Thus, we are able to offer more competitive prices than the typically quoted high street banks, building societies and bureau de change operators.

Can I fix an exchange rate now for a future purchase?

Yes, an exchange rate can be fixed for up to 2 years in the future. This means that you can determine exactly how much you need to spend on a future purchase without having to worry about fluctuations in exchange rates. This type of contract is called a called a Forward Contract. Please contact Leigh Payne for more details.

How do I pay for the currency contract?

Funds must be credited to the Voltrex client account that corresponds with the currency being sold.  CHAPS, BACS or internet payments are accepted. Payment is required within two working days in the case of both Spot Contracts and Forward Contract margin. The balance of Forward Contracts should reach Voltrex no later than the maturity date of the contract. We do not have the facility to accept payments by cash or Cheque.

What happens if my circumstances change? If for any reason you no longer require the currency that has been forward purchased, it may be sold back to the market prior to its maturity date. This will cancel the requirement to take delivery of the currency.

For further details you can contact: enquiries.spain@voltrexfx.com

One Response to “Foreign exchange company”

  1. or better yet,

    follow http://currencymarketreports.com/ for daily updated information from a variety of sources including Voltrex, MoneyCorp and others.

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