Foreign exchange affects all businesses operating internationally and fluctuations in the rate can profoundly alter a business’s profits. Whether your clients are importing, paying suppliers or settling payment on a property, understanding the best possible foreign exchange product can help maximise their earnings.
A forward foreign exchange is a contract to purchase an amount of foreign currency at an agreed rate, which will be settled by a future date – the final balance on completion. As there are no guarantees in how the market will move, forward planning allows you to reduce the risk and lock in an agreed rate.
By settling a market order at your target rate, our systems monitor the market 24/7 and book as soon as the market reaches your rate. Orders can be set high or low; to achieve the desired rate or to stop it falling below a less-desirable rate.
Our most-straightforward and efficient transaction, in which a transaction is agreed at today’s rate. You are then given three days to settle the trade, which includes the trade date.
We are regulated by the Financial Conduct Authority (FCA) in the UK and the Monetary Authority of Singapore (MAS) in Singapore. This means we’re required by law to keep your money safe by storing it in accounts held at a low-risk credit institution. These accounts are reserved for customer money, this means your assets are kept in a separate account from the money we use to run the business.
