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From my own trading and money transfer experience, I have learned to pay close attention to all costs—fees and spreads can easily erode profits or increase the true cost of international transfers. With CurrencyFair, the transparency of their fee structure stands out to me. For international transfers, they charge a fixed commission: for instance, sending GBP, EUR, or USD typically incurs a fee of about 2.5 GBP, 3 EUR, or 4 USD depending on the currency. This flat-fee model is relatively straightforward, which makes it easier for me to anticipate direct costs before moving funds. However, in my view, a truly comprehensive fee assessment must address exchange rates as well. CurrencyFair presents rates that are generally more competitive than traditional banks; this is echoed by other users who report saving money on conversions. Still, it's important to remember that CurrencyFair acts as a market maker, so there is always a spread (the difference between their buy and sell rates and the actual market rate). The size of this spread can vary by currency pair and market conditions, so even though their base commission is clear, the overall cost is not always just the upfront fee. The lack of hidden fees is certainly a positive, but I remain mindful that both the fixed commission and the embedded spread together compose the true, all-in cost of each transfer. As with any broker or transfer service, I always compare the quoted rate—including both the spread and the fee—against mid-market rates to ensure I'm making informed decisions and not underestimating potential expenses.