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Zero-Margin FX Rates – Your Money Can #DoMore For You

By admin, March 19, 2018, Categories: Featured

Hits: 908

Zero-Margin FX Rates: What’s That?

InstaReM , offers you mid-market FX rates sourced directly from Reuters. The Mid-market FX rate is the dynamic midpoint between the “buy rate” and “sell rate” of foreign currencies in the world currency markets.

With Zero-Margin FX, InstaReM eliminates the margins to the rates offered by it. You get to transfer at mid-market rates served fresh to you, straight from the currency markets!

from the currency markets!

How Does InstaReM’s Zero-Margin FX Rate Stack Up Against Competition?

InstaReM enlisted Medici, a world-leading fintech research firm, to independently benchmark the company against the competition. Even those competitors which claim Zero Transfer Fees. The research concluded that InstaReM is the most cost-effective among its competitors in many markets!

HONG KONG

Actual transactions of HKD 1000 and desktop research were initiated in five corridors from Australia to India, EU, UK, US, and the Philippines. Below were the results of the amounts received:

Source: http://bestexchangerates.com, www.remitfinder.com, mozo.com.au, www.monito.com

AUSTRALIA

Actual transactions of AUD 1000 and desktop research were initiated in five corridors from Australia to India, EU, UK, US, and Vietnam. Below were the receiving amounts with banks and other service providers:

Download the complete report here.

SINGAPORE

Actual transactions of SGD 1000 and desktop reset were initiated in five corridors from Singapore to India, Indonesia, Philippines, UK, and US. Below was the receiving amounts of with banks and other service providers:

Download the complete report here.

MALAYSIA

Actual transactions of MYR 1000 and desktop research were initiated in five corridors from Australia to India, EU, UK, US, and Vietnam. Below were the receiving amounts:

Source: http://bestexchangerates.com, www.remitfinder.com, mozo.com.au, www.monito.com

InstaReM was found to be the most cost-effective service provider in all the corridors included in the research. This is further supported by the fact that World Bank lists InstaReM as #1 cost-effective money transfer platform from Australia to India,  Singapore to India, and several other corridors.

Conclusion

Among all the remittance players analyzed for these twenty corridors from Australia, Singapore, Hong Kong, and Malaysia; InstaReM is found to be the most cost-effective money transfer service with its Zero-Margin FX rate, nominal fees, and no hidden charges.

There’s a reason after-all why clients prefer the InstaReM Zero-Margin FX platform for their overseas money transfers!

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