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Benefits of Forex Exchange

June 18, 2019 0 COMMENTS
Forex Exchange

The forex exchange market is seen because the best avenue for increasing wealth manifold times and is presently on the boom. Despite the actual fact that there’s so a definite degree of risk concerned, the profit margins are relatively terribly high and thus definitely worth the risk. Within the forex market, 2 currencies are changed at a selected purpose of your time. It involves shopping for and commerce of various currencies. The distinction within the worth of currencies earns the merchandiser a bequest.
Currencies enjoying highest demand within the forex currency exchange market are the U.S. dollar, UK pound, monetary unit, and Japanese Yen. Currency commercialism is disbursed within the commodity exchange, wherever the complete group action is performed in an exceedingly speedy manner. You can also get to know about the currency exchange rates from Ace Money Transfer. There are a lot of benefits of forex money exchange and these are as follows:

Currency trading

Forex market stays open for 24 hours and provides you with the best service. It is functional round the clock and that can be again advantage by anyone at any time from any part of the world. The best thing about it is that whenever you see a movement in the currency market, you have the liberty to withdraw your money.

High Liquidity

Forex exchange provides you with the facility of high liquidity and enables an average investor to quickly convert its currency into cash especially when the exchanged currency is widely used. High liquidity is a sign of slight spreads and steady prices in the currency market.

Cost Effective

Forex trading is cost effective as there is no middleman involved and no need to pay any extra commission. So, there is no need to pay commission to any middleman as in the case of conventional capital markets

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Standard Chartered: Massive Profit Rise in 3rd Quarter
November 1, 2019
As being the largest and most renowned bank of the United Kingdome, Standard Chartered has attained a higher growth in the 3rd quarter of this year. At the time when there are many shattering events are happening in the united kingdom so the Bank is still working well. It is the time when the Europeans’ largest bank HSBC is facing so many problems and has suffered from an 18% loss with these operational activities. But standard chartered has found a rise of 16% profit in the same era.Looking at all the factors which played a role for the development of the bank we can take into the discussion as follows: in term of the institutional banking, the growth is about 13% which is $1.87 billion almost. Other factors include that the retails banking in which the bank actually achieved a profit of 4%. It is really great progress which made the bank grow well. Unlike HSBC which has a strong influence in Asian countries too, Standard Chartered has made remarkable progress. Therefore, this is really a sparkling event that got the attention of the whole nation that standard chartered is working well and they have made the history changed.

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ACE Money Transfer is a UK based Company and has been operating in the North West of England since 2002. Our head office was the starting point of the UK success story when we commenced business with retail clients and two business associates but after obtaining our Authorized Payment Institution (API) from Financial Services Authority (FSA) our company is now set to become a global name specializing payment services

Over the past 10 years, by keeping in mind basic necessities of people, understanding that they belong to different cultures and respect their values & norms, finally ACE decided to channelize our network into new dimension by giving opportunities to all communities to send their hard earn money back to their home. We have made this possible through our expanded network of agents, correspondents, partner banks, established branches in Europe, and MTOs (Money Transfer Operators) across the UK, Europe, Africa and Asia in more than 70 countries worldwide to entertain our 2 Million Customers around the globe to send & receive their payments through 200,000 locations that help us to build our credibility and retain customers trust on ACE Money Transfer.

The company success stems from the expertise and market knowledge of its senior management and this will ensure that the company is well positioned to make a positive impact to the market and will be able to sets itself apart from other remittance providers.

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