Forex Trading Exchange rates

Discussion in 'Trading' started by WhiteOut56, Sep 8, 2011.

  1. So I'm in a business where I'm receiving a lot of mexican pesos. I have a bank account in mexico (in pesos) and looking to move it to dollars in the US.

    Wells Fargo told me that it costs 3% to do this... this is ridiculous. I know nothing about forex, but could I open a forex brokerage account, and buy / sell with a lot less cost???
  2. oanda has an fx setup for businesses

    also check out their FXGlobalTransfer service, although they didnt have mexican pesos in their 'convert' drop down list, only some of the majors, eur, gbp, jpy., etc., maybe they have it but it's not listed, I'm not sure.