Foreign Exchange - anyone use Knightsbridge?
Hi guys,
I was wondering if anyone has any experience with Knightsbridgefx? I won't post a link, but they say they will beat the bank's rate, with no fees. You send the money via online bill payment.
Well anyway, I was looking to see if someone can vouch for them, because I have 18,000 USD to exchange. Originally I was going to go with Norbert's Gambit, but I am very inexperienced, so I'm stressed out about that.
I called Knightsbridge to get a rate, and here are the comparisons on 18,000 (I checked the rate on them all within the span of 30 seconds):
Xe.com 1.00222 = $18,039.89
TD Canada Borderless account online exchange 0.9867 = $17760.6
Knightsbridge 0.99975 = $17995.5
So correct me if I'm wrong, but XE.com is the spot rate. I don't know how close Norbert's Gambit would get me to the spot rate, but I'll just assume it's dead on.
So the difference between NG and Knightsbridge would be $44.39. Since I am under $50,000 assets with TDW currently, I'd then have to pay $29.99 twice with the NG. (and worst case scenario running into a bad phone rep that charges me the phone trading fee).
So am I correct in thinking that Knightsbridge would be the way to go for me? I just don't want to be scammed, heh. But they seem legit with articles on globe and mail, toronto star, etc.
Let me know guys, thanks!
I was wondering if anyone has any experience with Knightsbridgefx? I won't post a link, but they say they will beat the bank's rate, with no fees. You send the money via online bill payment.
Well anyway, I was looking to see if someone can vouch for them, because I have 18,000 USD to exchange. Originally I was going to go with Norbert's Gambit, but I am very inexperienced, so I'm stressed out about that.
I called Knightsbridge to get a rate, and here are the comparisons on 18,000 (I checked the rate on them all within the span of 30 seconds):
Xe.com 1.00222 = $18,039.89
TD Canada Borderless account online exchange 0.9867 = $17760.6
Knightsbridge 0.99975 = $17995.5
So correct me if I'm wrong, but XE.com is the spot rate. I don't know how close Norbert's Gambit would get me to the spot rate, but I'll just assume it's dead on.
So the difference between NG and Knightsbridge would be $44.39. Since I am under $50,000 assets with TDW currently, I'd then have to pay $29.99 twice with the NG. (and worst case scenario running into a bad phone rep that charges me the phone trading fee).
So am I correct in thinking that Knightsbridge would be the way to go for me? I just don't want to be scammed, heh. But they seem legit with articles on globe and mail, toronto star, etc.
Let me know guys, thanks!
“There are two sorts of people. The players and the pieces.” ~ Petyr Baelish