Reputable forex brokers - transferring Euros to GBP

[digger_R]

I'm looking for recommendations on forex brokers to transfer euros to GBP a few times a year. Would be great to know which you recommend.
I have transferwise but the spreads and fees seem to be way higher than I paid in the past. Previously I was using xe and a couple of others (whose names I've forgotten).

[Al Gorithum]

I normally use Moneycorps for business transactions.

Actually I currently have a load of Euros in cash that I want to change for £ (cash or bank transfer) , if anyone want some at good exchange rate?

[adamfawsitt]

I have used Wise (formerly Transferwise) for years - they are excellent and you can fix your rate using their App.

[W99KSY]

adamfawsitt said:

I have used Wise (formerly Transferwise) for years - they are excellent and you can fix your rate using their App.

Another frequent user of Wise - easy to use service and have always achieved rates close to spot. I've probably transferred around £250k in the past year (over a number of transactions) without issue, with funds usually in my overseas account on the same day.

[MisanoPayments]

I'll be happy to assist, noting that Wise is also preferable to some!

[grumbas]

adamfawsitt said:

I have used Wise (formerly Transferwise) for years - they are excellent and you can fix your rate using their App.

Unless you're moving mega sums in a single transaction Wise (or one of their competitors) is likely to be the best option. Another happy Wise user here.

[digger_R]

When I was last transferring back regularly - probably 10-15 years ago, xe.com would give you within 0.2% of the interbank rate and no fee. Now they seem to offer 1% of interbank with no fee.
Conversely wise offers the interbank rate with a 47 euro fee on 10k euros (approx 0.5%).

Do I just have a bad memory - or have the fees/margins changed so significantly over the last few years? I'm surprised that it's changed so much tbh. Wise does look like a better deal at the moment.

[monty999]

Another + for Wise

[EdmondDantes]

Wise is great to use.

[Matt p]

Another +1 for Wise here. Thanks to the heads up from the gents on here regarding it. Since moving to Grand Cayman in Jan Wise has been a hell of a lot cheaper to use than CNB who charge $45 a pop for wire transfers.

[Ari]

What about that LifestyleFX bloke on YouTube?

[modeller]

Used Wise for years. No issues

[DoubleSix]

What does Wise offer that say, Revolut, does not?

[anonymous-user]

Al Gorithum said:

I normally use Moneycorps for business transactions.
...

Do you happen to know what percentage exchange fee they charge on larger amounts?

[omniflow]

My Mum used a company called Optimal Currency - based in Aylesbury. They were very good.

[grumbas]

DoubleSix said:

What does Wise offer that say, Revolut, does not?

I haven't used Revolut, but I get the impression they're very similar.