ForexPeople has been in the Forex business since 2003. We are committed to making the lives of our clients easier by offering them innovative solutions, world-class service, reliable support and expertise when it comes to Forex dealings. We are the perfect choice for importers and exporters because we offer tailored products, smart service, and simple registration. Whether you are an importer, a wealth managers, an expat, an attorney or just your average family man we are here to make your life easier. Here are eight scenarios of how we have made our clients’ lives simpler, more predictable and more cost effective.
Andy (Owner-managed importer)
Andy owns and manages his own importing company. He imports laminate flooring all the way from the East and from Europe. Andy has been working with us for the past eight years because we offer sharp rates, low bank fees, and we are always there to help him out with the admin side of his forex. We also contact him as soon as the rates are in his favour—according to Andy, this is the best service ForexPeople offers. It’s convenient for him to use our services because we keep a constant eye on the exchange rates so that he doesn’t have to. This means that he can focus on his top priority—his business.
Alex (Chemical Importer)
Alex imports chemicals for stock sales and tender fulfilment. One of the biggest difficulties he faces as a chemical importer is the currency risk that is often associated with tight gross profit margins. He has to constantly make sure that he manages his currency risk adequately. Through simple hedging techniques, we’ve made Alex’s life a little bit easier by putting simple policies into place which effectively lock down his currency risk.
Michael (Wealth Manager)
Michael owns a business that helps high net-worth clients move their funds into offshore investments. It is incredibly important for wealth managers like Michael to offer convenient services to their clients through avoiding inefficient service and poor customer service. We help Michael by taking care of all of the documentary requirements. We take out the stress of having to deal with hundreds of documentary requirements by handling his tax clearance applications. This ensures that the funds are transferred quickly and efficiently. Michael also enjoys the excellent exchange rates and low fixed bank fees that we offer.
Charlotte (Conveyancing Attorney)
As a conveyancing attorney based in Cape Town, Charlotte often deals with foreigners who buy property in Cape Town. Forex can be quite complex, especially when it comes to property, so we help Charlotte by ensuring that all of her sales comply with the regulations that are set by the South African Reserve Bank. The conveyancing process can frequently result in major forex-related delays, but Charlotte can rest easy knowing that she is in safe hands with us. Repatriation is one of the biggest hassles that conveyancing attorneys are faced with, but our services ensure that funds can be easily repatriated when the property is sold in the future.
Attorneys are regularly required to distribute funds from trusts or estates. This, more often than not, happens on very short notice. The transactions are incredibly complicated, and there are a number of exchange control rules that must be adhered to. Luckily for Peter, we are able to assist, facilitate, and conclude these forex transactions with absolutely minimal hassle. Of course, our lower exchange rates are an added bonus for attorneys like Peter.
Eddie (Tokyo Resident)
Eddie sold the property that he owned in South Africa. Unfortunately, repatriating money isn’t simple, and time zones and language barriers exacerbate the situation. Repatriation involves a number of complex and intensive documentary requirements. ForexPeople understands the process for repatriation and we are even able to contact the necessary local parties to obtain the required information and documentation on behalf of the client. This takes a lot of stress off of the shoulders of our clients. We ensure that all of the South African Reserve Bank’s requirements are met, and we help to facilitate a smooth repatriation process. We did all of this for Eddie, and he only had to pay R350.00 in fees!
Graham (Family man)
It’s always a good idea to transfer some of your funds offshore into a special trust. This is exactly what Graham and his family decided to do. We were able to help Graham and his family by compiling all of the documents for signing. We also obtained the required SARS tax clearance, and we transferred the funds for Graham into his trust. We were able to do all of this for Graham in only ten days!
Kevin (South African expat)
Kevin travels all over the world and offers his consultation services in a number of different countries. This means that he is often paid in a variety of different currencies which can make business a bit inconvenient. Luckily for Kevin, we offer a professional service that allows him to convert his forex earnings into rands at an extremely competitive rate, and at an incredibly low fixed bank fee, even though the amounts that he earns are not excessively large. Kevin always used to have trouble with his bank in the past because it would never inform him about when his funds had arrived, and it would take a long time for the funds to arrive in his local account. With ForexPeople, Kevin no longer has to worry about these inconveniences anymore!
If you are still unsure of how ForexPeople make a difference to your business please contact us and we will be sure to help you out.