Interactive FX Blog

Interactive FX’s Approach to Ensure Your Security When Sending Money Abroad
 Interactive FX Team Interactive FX Team, 31/08/2017
In this digital age, one of the biggest problems we face is personal security. Apps and website have made everything from shopping to banking to organizing far more convenient and simple than ever before; however, they sometimes also open the door for dishonest people to exploit personal and financial information. It’s no surprise that financial data is one of the most frequent targets of data hackers. It seems that every day the media is covering the story of a data breach involving a ...
8 Tips for Sending Money Abroad
 Interactive FX Team Interactive FX Team, 31/08/2017
If you’ve ever sent money internationally, then you know that it can be a veritable minefield of paperwork, security issues, hidden fees, and more. Here we’ve compiled some tips that make the process of sending funds internationally smoother, less expensive, and hassle-free. Find the best exchange rates. Believe it or not, banks don’t usually offer the best exchange rate—especially in a case of a large lump-sum transfer. The safest thing for you to do is to compare ...
Remittances Costs: How Reliable is the Data?
 Interactive FX Team Interactive FX Team, 28/08/2017
Over the last decade or so, data collected regarding remittance of international transfers has brought to light the high costs levied against migrants around the world when sending money abroad. Despite the issue being shepherded to the sphere of international development, it can be said that the information available is not only incomplete, but not accurate enough to evaluate the real costs of remittance. Complete and true data is required in order to understand what motivations changes in cost ...
Interactive FX’s Mission
 Interactive FX Team Interactive FX Team, 23/08/2017
When Interactive FX first began two years ago, our mission was clear. We knew what we were setting out to do; our goal was to create a better method to transfer funds internationally. We knew from personal experience that it was a system rife with issues like hidden fees, a high barrier to entry, controlled by banks and financial institutions in a constantly fluctuating market. As more and more people use Interactive FX, we move millions of dollars every month, and as a result our goal has ex ...
Interactive FX Employs FinTech to Break Money Transfers Barriers
 Interactive FX Team Interactive FX Team, 19/07/2017
In the not-so-distant past, transferring money internationally was problematic and expensive. Banks and traditional industry leaders, like Western Union, charged high fees to transfer money internationally, fees that were often hidden in currency exchange rates. These days, through the rise of FinTech, or financial technology, both individuals and corporations are able to experience an ease of access and peace of mind never before seen in the financial sector, thanks to companies like Interac ...
FX Alerts: Concept, Goals, Requirements and Tips
 Interactive FX Team Interactive FX Team, 05/07/2017
What is an FX alert? An FX alert is a notification that informs a customer when a specific currency pair reaches a particular exchange rate. As an example, let’s say that a company in the UK needs to pay a supplier in the US. They’ll have to exchange their pounds for dollars before they can make their payment. The UK company discovers that the current GBP/USD exchange rate is 1.25; that means that the company will get $1.25 USD for each euro it exchanges. Their payment is not d ...
How to Transfer Money Online – Frequently Asked Questions
 Interactive FX Team Interactive FX Team, 03/07/2017
With millions of hard-working migrants across the globe, the demand for money transfer services has skyrocketed within the last few years as more and more people seek to send money home to their families and friends. Choosing the right transfer service can be complicated, with considerations like exchange rates, fees, security, convenience, features, speed, and a lot more. To those just becoming acquainted with the concept of international money transfers, the amount of information—and ...