I would like to know if someone uses à specific organization for international transfers to reduce bank charges such TransferMate or world first.
In fact my bank charges me 5% of my transfer and I would like to make others with much lower costs.
Could you tell me which one you uses and give me an example of amount with it's fee ?
If you are just referring to tranferring money from one bank account to another internationally, then I have tried www.transferwise.com in the past with success, even for large amounts. If you are referring to transferring money to PriorFX, I am not sure they would accept that.
May I know if anyone of you had clarified with PriorFX on the following clause?
Clause 4.1.4, 'Withdraw funds from the Managed Forex Account according to Section 6. of this Agreement and only as long as it does not fall below the minimum balance of 5000.00 USD or their equivalent in other currency, required to be available into the Account. '
Does that mean the minimum investment is USD 5,000? What happens if we need to withdraw all or amount that leaves less USD 5,000 in the account?
@dennislye - please read previous comments: minimum in the Managed Account is $5,000 - anything less, you will be charged $9,99 per month. (your personal trading account can be started with as little as $250,-)
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