Hi,
1st time posting after reading & lurking for a long time.
I've read that currency brokers offer better rates for translating larger sums. I may need to translate a reasonably large balance from EUR to GBP in the next few months. I'm nervous though about using a broker as I am unsure how secure they are. Is there any risk from using currency brokers and are the bonded?
brokers are secure as long as they are resgistered with their relevent authorities i.e fsa and custom and excise in the UK.
You should ensure that the fx broker has client segregated accounts
also your lurking sound ominous lol
there are many currency brokers in ireland and in uk such as omnisfx and world first that are worth checking out, you can compair them off against each other to obtain the best rate.