Many people fall victim to international money transfer scams. However, with a few simple precautions you can send money internationally with peace of mind. Follow these guidelines to ensure that the forex service you use takes care of your money.
Choose a registered and licensed forex service
To ensure your money is safe, choose a reputable international money transfer service that is licensed and registered with all the correct regulatory institutions.
Check the company’s website to read up on their accreditation and whether they have any client testimonials. A good way to gauge public perception is to check out their Facebook page to see user reviews of their service. This should give you a good idea about whether you can trust them with your money.
Ensure the online security measures are adequate
The online security measures used by the business should be available on their website, but if not, call them to enquire about the safety of their online money transfers. Reputable forex providers should use advanced security to keep your money safe, such as Secure Socket Layer (SSL) 128-bit encryption.
128-bit encryption is the latest and strongest data encryption technique commercially available for securing information between clients and the website they use to transfer money. It provides absolute protection of your debit card against unauthorised use.
You can visually verify a site’s use of SSL in two places: The “s” in https in the site’s web address and by the padlock on the left-hand side of the address bar (illustrated below).
1st Contact Forex is registered, licensed and secure
1st Contact Forex has been helping clients transfer their money internationally for over 20 years. We have over 50,000 clients and do over 120,000 transactions per year. We are fully licensed and registered across the world. Not only that, but our transfer fees – every time.