[12] Many of these specialized brokers can transfer money at better exchange rates compared to banks, saving up to 4%. [13] These providers may offer a range of currency exchange products, such as spot contracts, futures and limit orders. [14] However, not all of these providers are regulated by appropriate public authorities. For example, in the United Kingdom, although these companies are regulated by the Financial Conduct Authority, not all of them are controlled (FCA). [15] Regulatory authorities include the Australian Securities and Investments Commission (ASIC), the Financial Transactions Reports Analysis Centre of Canada (FINTRAC) in Canada, the Hong Kong Customs and Excise Department in Hong Kong and the Financial Conduct Authority (FCA) in the United Kingdom.