Interactive FX Blog

Ensuring Your Transfer Security
 Interactive FX Team Interactive FX Team, 27/02/2018
There’s no question that one of the biggest dilemmas we face in this digital age is personal security. While almost all online services are designed with ease of access in mind for the consumer, sometimes the door is opened for dishonest people who seek to exploit information for financial gain. Here at Interactive FX, we believe that the protection of our customers is our top priority. Whether you use our transfer services or not, below are a few tips on how you can ensure your securit ...
Busting the Myths about Remittance
 Interactive FX Team Interactive FX Team, 27/02/2018
With the nomadic lifestyle on the rise and millions of migrant workers around the world, we here at Interactive FX recognize the importance of being able to transfer money abroad quickly, securely, and hassle-free. Transferring money home is an integral part of many expats’ lives, which is why our cloud-based, peer-to-peer platform offers the best exchange rates with no hidden fees. However, despite advancements in digital money transfers, there are still a few common myths floating aro ...
Transparency: The Only Way Forward for Remittances
 Interactive FX Team Interactive FX Team, 26/02/2018
In the summer of 2016, a multitude of professionals gathered at the Swiss Embassy in London. The topic was simple: “Transparency is the only way forward for remittances.” The congregation included journalists, diplomats and remittance specialists, among which were leading private companies such as Interactive FX, TransferWise, WorldRemit, Vodafone/M-Pesa, and MasterCard, as well as institutions such as the World Bank, the International Organization for Migration (IOM), and the Int ...
How to Compare Money Transfer Services
 Interactive FX Team Interactive FX Team, 26/02/2018
The foreign exchange market is the largest in the world, trading approximately $3 trillion USD per day. The money transfer market, as a result, is commensurately vast and competitive. Interactive FX is certainly not the only game in town, and we encourage our users to shop around to find the service that best fits their needs.   The choice of which service or provider to use can seem like a complicated one, which is why we’ve put together a handy list of the top four things to l ...
3 More Common Mistakes Made with International Transfers
 Interactive FX Team Interactive FX Team, 25/02/2018
(Part 2 of 2) Everyone makes mistakes. Human error when making international transfers are an all-too-common occurrence. But if there was a simple way to avoid those mistakes, wouldn’t it be worth spending a couple of extra minutes to find the best provider, review your information thoroughly, and ensure that your beneficiary receives your payment quickly and efficiently?   We recently explored three common mistakes people tend to make with international transfers: Wron ...
3 Common Mistakes Made with International Transfers
 Interactive FX Team Interactive FX Team, 25/02/2018
(Part 1 of 2) Human error: Even in this highly digital age, there will always be some level of human input required, and whenever that’s the case, there’s room for mistakes. Error can certainly be reduced with a user-friendly, intuitive platform like Interactive FX, but not completely eliminated. To that end, here are the top mistakes people make when initiating transfers abroad, and how you can avoid them.   Mistake 1: Wrong direction of currency pair You might be s ...
Currency Conversion Explained
 Interactive FX Team Interactive FX Team, 23/02/2018
If you’ve ever travelled to another country or region that uses a different currency from your own, you’re probably already familiar with the concept of currency conversion, also known as currency exchange. It’s simply the act of converting one form of currency to another using an exchange rate. If you travelled from England to Japan, you would likely exchange your pounds for yen. If you travelled from the US to Denmark, you’d exchange your dollars to kroner. In terms ...