SportsFX

SportsFX

Financial Services

Bundall, Queensland 238 followers

Providing professional foreign exchange management to overseas athletes.

About us

SportsFX is dedicated to supporting professionals in the sports industry by providing professional foreign exchange management. Our services are designed to help you save money, manage risks, and provide opportunities to get paid and facilitate international money transfers across the globe.

Website
https://www.sportsfx.com.au/
Industry
Financial Services
Company size
2-10 employees
Headquarters
Bundall, Queensland
Type
Self-Employed
Founded
2020
Specialties
International Business, International Property, Importing, Exporting, and Emigration

Locations

  • Primary

    2 Corporate Ct

    Suite 1/Level 15, Corporate Centre One

    Bundall, Queensland 4217, AU

    Get directions

Employees at SportsFX

Updates

  • SportsFX reposted this

    View profile for Chris Broadfoot, graphic

    Currency Management for Elite Athletes and Global Business 💱🌏 Official Currency Partner of the PFA ⚽️ Founder at SportsFX

    SportsFX has registered and traded our first English Premier League Player! ⚽ This is another significant milestone in the quest to become the Trusted Currency Provider for Global Athletes. In the world of football, the EPL is seen as the biggest and best league in the world 🌍 We’ve worked with players in the following countries' top leagues: Italy 🇮🇹 Germany 🇩🇪 Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Japan 🇯🇵 Australia 🇦🇺 Saudi 🇸🇦 China 🇨🇳 Malaysia 🇲🇾 USA 🇺🇸 The English Premier League hits differently. Instead of sitting on our laurels, we push forward, and 2025 will be a massive year full of new milestones. If you’re an Overseas athlete earning foreign income and need help or guidance, please reach out. It’s our passion to help you. Matthew Phelan

  • Japan's Rate Hike Expectations Impact Australian Dollar We explore the recent strengthening of the yen due to positive data and how it has affected the Australian dollar. Learn how the shift since September is impacting currency trading for our clients and the benefits of converting yen to AUD. #CurrencyExchange #AustralianDollar #YenStrength #ForexTrading #EconomicTrends #RateHikes #InvestSmart #MoneyTransfer #FinancialStrategy #JapanEconomy

  • Discover how to leverage forward contracts to secure high exchange rates for your funds. Lock in competitive rates for the next 12 months and protect your earnings while exploring investment opportunities. Don’t miss this incredible chance to make your money work for you while taking advantage of multi-year highs. #ForwardContracts #CurrencyExchange #InvestmentStrategy #FinancialPlanning #SecureRates #HighEarnings #MoneyManagement #FinanceTips #WealthBuilding #SmartInvesting #GBPAUD

  • Boost Your Earnings: Get $9,719 more with Smart Transactions. We reveal how a simple introduction to SportsFX about currency exchange by a financial planner resulted in significant savings of $9,719 for an Australian Rugby Player! Discover the importance of having the right people working for you to maximise and protect your earnings. Don't miss out on these insights! #SmartFinance #CurrencyExchange #FinancialPlanning #SavingsSuccess #WealthManagement #MoneyMatters #FinanceTips #MaximizeEarnings #FinancialAdvisor #TransactionWisdom #overseasathletes #globalsports

  • Smart Currency Moves 💰: Aussie Cricketers Maximize Earnings! 🇦🇺 Discover how Australian cricketers are strategically managing their contracts' currency to boost their financial futures! Learn the insider strategies that help them lock in high exchange rates and secure their wealth for the long term. #AussieCricket #CurrencyStrategies #IPLContracts #FinanceTips #SmartInvesting #CricketEarnings #WealthManagement #ForeignExchange #FinancialPlanning #CricketLife

  • SportsFX reposted this

    View profile for Chris Broadfoot, graphic

    Currency Management for Elite Athletes and Global Business 💱🌏 Official Currency Partner of the PFA ⚽️ Founder at SportsFX

    Why you should not pay for your overseas tours on your credit or debit card ⤵ Imagine being charged almost 6% and not even knowing it! I'm in the middle of helping a new client who is taking a football group to the USA and has over USD 50,000 to pay in hotels, and transport costs for a large group. When we did a deeper dive into their current process I discovered the following: The deposit to the hotel was $5,000 USD, and they paid that via their debit card: ➡ convenient, of course 💰 expensive... you bet! When I went back and checked the rates and fees they were charged on the day (July), it added up to 5.9% 🤯 made up of poor exchange rates and the card transaction fee! On 5,000 USD that's $295 USD or $450 AUD. On the 53,000 balance, well that's $3,127 USD or $4,885 AUD at today's rates. Not to mention if they had approached me sooner, we could have locked in the rates in July when the deposit was made and AUD/USD was at 0.6761, instead, they are now having to convert at 0.64c, another potential $3,000 AUD in cost savings. While we cannot predict the future, we can protect you against fluctuating exchange rates and forward plan to help you either not be out of pocket, or have to go back to your customers and ask for more money. A good currency management plan can save you thousands, and at least we can arrange the final payments and save them almost $5K AUD instead of being swallowed up by the big banks. If you run international tours for sports or any other reason, reach out to us and have a chat about your schedule of payments, and your plan around protecting yourself and your business.

  • SportsFX reposted this

    View profile for Chris Broadfoot, graphic

    Currency Management for Elite Athletes and Global Business 💱🌏 Official Currency Partner of the PFA ⚽️ Founder at SportsFX

    📈 AUD 27,000 swinging around on election day! 📉 Yesterday we saw some big moves in the markets, with the USD moving 2-3% across the board against most major currencies. As early results came, the USD was on a huge run-up, and continued to do so while Trump's numbers increased. How we managed this for one client who traded yesterday as they were waiting for money to arrive, and it just so happened to arrive yesterday. Early in the day, we put a plan in place and a "Target Rate" My comments were that we would see wild swings and rates could go anywhere, they could move up 3c or down 3c at any time. With a daily limit on his account to contend with we booked a "Limit/Forward" meaning we picked a target rate and then forward booked for 5 days to allow time to send in the USD from his account. The result, we hit the target, and rates did spike up a little more, but then also fell further. While we could have achieved $6K more if we caught the top (unlikely) we could also have achieved $10K less if we waited to see what happened and that comes with more emotional stress. All in all, we got close to the top, and about 20% above the halfway point of the day. He was happy, I was happy, yet very nervous watching it all day. This is why we take the time to understand a client's risk tolerance, we talk about targets and figures and find solutions around daily limits and bank transfers. A very positive result overall, and with $900,000 USD to move, it was crucial that we took the time to manage it properly and on a day like that. If you have an upcoming currency transfer to deal with, reach out and we would be glad to talk to you about the best options. Matthew Phelan SportsFX

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  • SportsFX reposted this

    View profile for Chris Broadfoot, graphic

    Currency Management for Elite Athletes and Global Business 💱🌏 Official Currency Partner of the PFA ⚽️ Founder at SportsFX

    This is why I'm a huge advocate of taking advantage of multi-week or month highs. My crystal ball is the same as yours, we don't predict, and it doesn't work! What we do though, is inform you when we are seeing positive moves and multi-month highs for you, and then you can make a decision if you want to move your funds. The USD/AUD is creating another large upswing, which is fantastic if you're holding USD right now, but we have seen this picture before, and with the upcoming election in a week's time, I'd be seriously thinking about moving funds now. We don't know what will happen. ➡ Trump v Harris - It's a close race ➡ Assignation Attempts ➡ People eating cats and dogs ➡ Iran v Israel ➡ Russia v Ukraine ➡ etc... So many outside factors that can affect exchange rates, and your money, things that you or I cannot control. What we can control is taking advantage of positive moves in the market, and if you're holding USD, well you're 8c up from the start of October. For every $100K you hold, you're AUD 8,000 better off, that's a decent return. If you want to look at your options, give me a call, email, or DM, I accept all types of incoming enquiries. 😁

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