XE Trade Currency Exchange Review

XE Trade Currency Exchange

XE Trade is an online currency exchange service, you can't convert cash currency but you can move money between bank accounts in different countries at very low cost.

The price of a currency trade with XE is much less than your bank will charge and the transaction will take a couple of working days to complete. To prevent fraud set up is not instant and you have to fax identification to XE trade, they will then call you back to confirm your phone number.

XEtrade lets you move money from a bank account in your own currency to an account in pretty much any country in the world.

So far I have had no problems with XE trade, the service took 4 days to set up and its much cheaper to use than the bank.

Your Comments/Opinions

Pretty good. Customer service pple reply to your email queries very quickly and are very helpful . No glitches, but beware that once you start a trade with them, it's hard to cancel it. But apart from that, I've used them to buy currency in large amounts and would highly recommend.

Tania Oh

I would concur with the XETRADE review above. I've not had to cancel, but they have been very helpful. They do carry out quite a number of checks - bank details, reference etc. which is quite reassuring. I've started to use them after becoming naffed off with the high bank charges (at both ends) and low exchange rates.

Johnny Sutherland

XEtrade is great. It does take about a week to set up the account, because they need to run identity checks and call you to verify information, but that is a good thing! Doing the actual trade is a breeze. I transfer $$ from the UK to the US each month and overall booking the trade, including sending them the money using Internet banking, takes about 5 minutes. My money has always arrived in the US in about 3-4 business days and there are absolutely NO CHARGES (do you hear this Royal Bank of Scotland!). Plus the rates they give you are great, much better than the tourist rates offered by banks. Highly recommended, I have saved hundreds and the process is amazingly stress-free.

Caitlin

Xetrade has worked well for one account, however when trying to re-activate the second account there was a surprise. The old user id was locked and the only alternative was to start all over with a new account. Nothing wrong with that. However, the old user name was still an active entry in their database and couldn't be deleted (according to Customer Service). Not good. Keeping old id's is a programmer's error or a way to keep open a back door. Neither give me the confidence I need for a well-run shop...

carls

Used XeTrade a couple of days ago. My first time to use internet foreign exchange service. Considered Paypal, and bank transfer. But xeTrade provided a very high exchange rate - I bit a exchange rate about one month ago. I sas a bit worrying about it，since I have to transfer funds to them first and wait until funds goes to my another account. But, surprised to find it is really good. I exchanged Euro to Sterling. Funds was in my sterling account only 2 business days after I sent Euros to them by Wired. Hassles free and fast replies by their Custom service. I would use them again.

Lannie

Ive used them in the past but found www.transfermate,com better. Their rates are better and my payments go from the UK to US in 1 day. Thumbs up as far as im concerned as the banks have been taking the P$%& for too long.

Simon

I use transfermate to send money from the US to Germany and recommend them to everyone. Does anyone know if skype can be used on a German cell phone?

Michele

Yes, I totally agree with Lannie, as I used XE trade before when making international money transfers but now I am far more pleased with the money transfer services of Transfermate

Ivo Rusev

Manufacturers Description/Specification

Product code:
Browse all Other Reviews.