Why choose Direct FX?
There are NO other fees when you deal with us. We keep it simple and include all our fees into the rate we quote you. This means the full amount of currency converted at the agreed rate will be transferred to the chosen account, no exceptions.Some other providers, in an effort to make their rates look better, will add their fees in after a deal is agreed at a specific rate. So while you may think you are dealing at a better rate, once you factor in their fee, often 0.5%, the net effect is you will end up with less in your destination account.
Below is an example if you were to sell NZD 100,000 for AUD:
Wise 0.5% Fee
You sell NZD 100,000 at a rate of 0.9337, generating AUD 93,370, but then their 0.5% fee (AUD 470.00) is deducted. You receive AUD 92,900.00 into your Australian account.
Direct FX 0% Fee
You sell NZD 100,000 and buy AUD at a rate of 0.9300. You receive AUD 93,000 into your Australian account.
