A foreign exchange specialist has a high volume of currency trades and lower operating costs allowing them to pass significant savings onto you. You will be assigned a dedicated dealer who will guide you through the whole procedure from start to finish. Significant savings will be realised on your currency exchanges and you will be kept informed of market activity which could improve your currency transactions.
How do I begin trading?
Opening an account is free and holds no obligation to trade. Once open you are in a position to secure rates by telephone, over the internet or by your App on a mobile I-Phone device. Once a rate has been agreed between the company and yourself an immediate confirmation of the deal contract will be emailed or texted to you. You may email or return by fax or post the onward payment details of your currency, however, if you have an online platform, you can do all this over the internet, wherever you are in the world.
What rate will I be offered?
The rates that dealers access are live ‘interbank’ prices (the price at which one bank sells to another). Real-time aggregation of prices from multiple sources means competitive rates can be passed onto our clients. As an internet and telephone based service, we do not have the large overheads of high street FX retailers. Thus, you will get more competitive prices than the typically quoted high street banks, building societies and bureau de change operators.
How long does it take to transfer my funds abroad?
For the major currencies same day and next day transfers are usual for transfers which mean quick and safe transfer of funds worldwide. As with all bank to bank transfers, the time it takes to receive the funds in the beneficiary account is also dependent on the receiving party.
How do I pay for the currency contract?
Funds must be credited to the client account that corresponds with the currency being sold. CHAPS, BACS or internet payments are accepted. Payment is required within two working days in the case of both Spot Contracts and Forward Contract margin. The balance of Forward Contracts should reach the company no later than the maturity date of the contract.
The positive feedback we have received has highlighted that the system has made the function of sending or receiving an overseas payment quicker, easier and more streamline for our clients. This is on top of the sharper pricing seen through our live streamed currency rates. We aim to save our clients time and money through the most advanced and efficient technology!