OUR PRODUCTS AND SERVICES

We offer a range of products and services to help make international payments and foreign currency buying simpler, easier and faster.

Whatever your specific Forex needs, regardless of whether you need to pay now or at some point in the future, we have the complete solution.

Understanding our products

WHAT IS A FORWARD EXCHANGE CONTRACT OR FEC?

It’s an agreement to exchange currency at a future date based on a price agreed today. You can protect your business from sudden shifts in the exchange rate by securing the rate upfront.  Forward contracts are generally used to secure and hold the rate while the market is favourable or to protect future payments against POTENTIAL exchange rate erosion.

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WHAT RISK IS AND HOW TO REDUCE AND MANAGE IT

When it comes to buying currency, there are two key issues that underpin strategic decision-making:

Understanding what FX products to use, and when to use them. It is incredibly difficult to control costs in an environment where the price changes every second.

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WHAT IS A RATE WATCH AND HOW TO SET UP AN ALERT

Set up a free rate alert and we’ll call you if your target rate is reached or if we feel the market is going against you. The more we know about your currency commitments and timescales the more we can help.

Our dealing desk has access to the latest market information and exchange rates.

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WHAT HEDGING IS AND HOW TO BENEFIT FROM IT

Currency hedging is the act of entering into a financial contract to protect against unexpected, expected or anticipated changes in
currency exchange rates.

Currency hedging is used by businesses to eliminate risks they encounter when conducting business internationally.

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1
SPOT CONTRACT

Buy now, pay now. For when you need to make a payment quickly? We offer you a rate based on the live market on the day, once the rate has been booked & you’ve settled your deal, we’ll arrange to transfer your funds.

2
FEC CONTRACT

Buy now, pay later. Fix the exchange rate today for a payment you know you will need to make in the future. FEC contracts are ideal for hedging & reducing risk. They are also particularly useful if the exchange rate is favourable now and you want to lock in the rate for a future dated payment.A forward contract is no different than a standard currency trade except that the settlement date is pushed forward into the future, and the rate is adjusted slightly to account for the interest rate differential between the two currencies in question.

3
MARKET ORDERS

Dealing opportunities often arise outside of dealing hours, a great way to target and take advantage of these opportunities is to use Market Orders. Simply tell us what level you would like to trade at and we’ll put an instruction into the market to trade at that level should the price become available.

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