A spot transaction allows you to fix an exchange rate now, for settlement now. Spot can be ideal if you need to make a quick exchange. The online platform allows you to book a spot transaction with ease, where you can secure the live rate at the time.

A forward contract allows you to fix an exchange rate for up to 12 months in advance. Forwards can be excellent for budgeting, protecting you from adverse currency movements, as you know exactly what exchange rate you’ll get for the duration of your contract. You can use the simple ‘drawdown’ function on your online dashboard to draw as much or as little of your pre-booked funds as required at any point during your contract window.

A Market Order is an automatic trigger set in the market to buy or sell currency when your specified rates are reached. This allows you to take advantage of, and protect against, volatility in the FX market, 24/7. A limit order can be used to target better rates and a stop-loss order will guard against downside risk.

A rate watch means you tell us an exchange rate that is of interest and we will tell you when it materialises. By setting a Rate Watch, we will track the market for you and keep you informed of key movements in your chosen currency pairings. This is a non-contractual way to be kept abreast of the latest currency movements affecting your business.