Travelex Forex Broker

Travelex Review SummaryFounded1976Registered Country/RegionAustraliaRegulationASICProducts & ServicesCurrency, travel card, travel insuranceDemo Account❌Trading PlatformTravelex Money APP, Travelex webMinimum DepositAUD 100Customer Support24/7 supportTel: 1800 440 039Email: retailcscaust.nz@travelex.comAddress: Suite 45.01, Level 45, 25 Martin Place, Sydney NSW 2000Facebook, InstagramTravelex Information Travelex is a regulated service provider of premier brokerage and financial services, which was founded in Australia in 1976. It offers products and services for currency, travel cards and travel insurance.Pros and ConsPros Cons Long operation timeCommission fees chargedVarious contact channelsRegulated wellVarious payment optionsIs Travelex Legit? Yes. Travelex is licensed by Australia Securities & Investment Commission to offer services. Its license number is 000222444. The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Australian Securities and Investments Commission (ASIC)RegulatedTravelex LimitedMarket Maker (MM)000222444Products and ServicesProducts & Services SupportedCurrency✔Travel card✔Travel insurance✔Travelex FeesFee TypeAmountInitial Card Fee (charged at the time of purchase)Online: FREE via travelex.com.au or the Travelex Money AppIn-Store: FREE for loads of foreign currency (loads of AUD incur a fee of 1.1% of the amount or $15 whichever is greater)Top up FeeOnline: FREE via travelex.com.au or the Travelex Money AppIn-Store: FREE for top-ups of foreign currency (top-ups ofAUD incur a fee of 1.1% of the amount or $15 whichever is greater)BPAY: Top-ups not made via travelex.com.au or the Travelex Money App incur a fee of 1% of the amountReplacement card fee❌International ATM withdrawal and EFTPOS fee (outside Australia)FREE (Note: some ATM operators may charge their own fees or set their own limits)Domestic ATM withdrawal and EFTPOS fee -when you use your card to make withdrawal or purchase in Australia and you have AU$ currency on your card (for more details refer to clause 9.4 of the Terms and Conditions)Cash over the counterfee (where cash is obtained over the counter)❌Monthly inactivity fee: Charged at the start of each month if you have not madeany transactions on the card in the previous 12 months unless your card is used again, or reloaded. This fee applies each month until the card is closed or the remaining card balance is less than the inactivity fee.AU$4.00 per month24/7 Global Emergency Assistance❌Closure/withdrawalfee: Charged when you close your card or withdraw from your Card Fund. This fee is set and charged by Mastercard Prepaid.AU$10.00Currency to Currency foreign exchange rate: This is applied when you move your funds from one currency to another currency.At the then applicable retail foreign exchange rate determined by us. The broker will notify you of the rate that will apply at the time you allocate your funds from one currency to another.Currency Conversion Fee: Applied when a purchase or ATM withdrawal is conducted in a currency either not loaded or suffcient to complete the transaction and the cost is allocated against the currency used to fund the transaction.FREE (The Spend Rate will apply to foreign exchange transactions inaccordance with the Terms and Conditions)Trading PlatformTrading PlatformSupported Available Devices The Travelex Money APP✔MobileTravelex web✔PC, laptop, tabletDeposit and Withdrawal Travelex accepts payments done via Mastercard, VISA, BPAY, Pay ID, GPay and ApplePay.Minimum amountAU$350 or currency equivalent, online and via the appAU$100 or currency equivalent in-storeMaximum amountAU$50.000 or currency equivalent