Why OANDA FXGlobalTransfer?

We Deliver What You Want

OANDA FXGlobalTransfer is an online funds transfer service that lets you safely send funds around the world at any time from any computer connected to the Internet. With no surprises.

Transparent.

You always know what you’re paying with FXGlobalTransfer because we provide full disclosure about our great exchange rates and flat fees. Whether for businesses or individuals, large payments or small, common currencies or exotics, FXGlobalTransfer provides the same great rates to anybody who needs to send funds globally.

Based on our vast array of trusted currency trading and exchange tools, this latest OANDA innovation helps you make better decisions when dealing with foreign currencies by showing you exactly what you’re paying before you click Send.

• How does FXGlobalTransfer benefit you?

Cost-effective.

Whenever you exchange currency, you are simultaneously selling your own currency and buying the foreign currency. There are two main factors that affect your money transfer costs: the exchange rate and the spread. The spread is the difference between the bid price (the price you sell at) and the ask price (the price you buy at) of a currency pair, quoted in a decimal value called pips. Basically, the lower the spread, the better the exchange rate, and the less you pay in "fees" to your broker.

FXGlobalTransfer uses the same live exchange rates as OANDA's FXTrade platform, which means that you receive quotes based on some of the lowest spreads in the foreign exchange industry. For example, on several currency pairs, we offer average spreads as low as 2 pips, which is equivalent to a difference of 0.0002 between the buy and sell rates. In comparison, your average local bank might give you a EUR/USD bid rate of 1.3758 and an ask rate of 1.4058. While the difference of 0.03 doesn't seem like a lot, at 300 pips, it would definitely add up over time!

Secure.

FXGlobalTransfer employs the latest in security and encryption technology to ensure that your transactions remain private and secure. We use the same security mechanisms as online banking sites (128-bit SSL) to protect your data. We also use ServerVault to host our servers - the first commercial data center to meet Department of Defense standards for Sensitive Compartmented Information Facility (SCIF) protection.

OANDA maintains all customer funds strictly separate from operational funds in accounts at highly reputable banks such as JPMorgan Chase, Citibank, UBS, Deutsche Bank, and the Royal Bank of Canada. Funds are withdrawn from these accounts only as a direct result of customers' trading-related activities or withdrawal requests.

Convenient.

You can set up a transfer any time of day, on any day of the year, from any computer with Internet access. And unlike other money transfer companies, FXGlobalTransfer automatically shows you live exchange rates so you don't have to negotiate daily rates over the phone. There are no hidden fees or time limits, so you know exactly how much you're sending at any given time. And, of course, if you have any questions, our knowledgeable customer service staff is here to help you.

Still not convinced?

Let’s say you represent a corporation in the United States. On March 14, 2008 you go to your bank to pay EUR€750,000 to a supplier in Germany. Your bankers say they will debit your account USD $1,182,525 to complete the transfer, giving you an EUR/USD exchange rate of 1.57670. While this seems like a reasonable amount, you decide to shop around.

You log in to FXGlobalTransfer and set up a transaction to send EUR€750,000 to your supplier. FXGlobalTransfer, with its low EUR/USD rate of 1.55670*, will debit your account $1,167,525, saving you $15,000!

While the difference between these exchange rates doesn't seem like a lot (0.02 or 200 pips), this one transaction has already saved you $15,000! You can see how FXGlobalTransfer's low spreads will save you even more over time.

• Take a walk through FXGlobalTransfer.

* based on OANDA's average EUR/USD rate on March 14, 2008