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You won’t be fooled again: Transfer money online safely

by Gemma Blommaert | Jun 01, 2017
  • 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.
    Online money transaction

    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.

    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.

    For a safe, efficient and affordable forex service, contact our forex team on +44 (0) 207 759 7550 or create an account for free and start transferring today!

    We are a professional services company that specialises in cross-border financial and immigration advice and solutions.

    Our teams in the UK, South Africa and Australia can ensure that when you decide to move overseas, invest offshore or expand your business internationally, you’ll do so with the backing of experienced local experts.

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    South Africa

    Cape Town

    Regent Square
    Doncaster Road
    Kenilworth 7708 +27 (0) 21 657 2120

    Durban

    25 Richefond Circle
    Ridgeside
    Umhlanga 4320 +27 (0) 31 536 8843

    United Kingdom

    Croydon

    One Croydon
    12-16 Addiscombe Road
    Croydon CR0 0XT +44 (0) 20 7759 7514

    Australia

    Melbourne

    9 Yarra Street
    South Yarra
    VIC 3141 +613 (0) 8651 4500

    Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services License issued by ASIC to deal in foreign exchange (1st Contact Group - AFS License number 335 126).

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