On-line Currency Transfers - Buy Now, Pay Now (Spot Trade)
Spot Trades are perfect to transfer a lump sum of currency or to make a quick transfer. Funds are received internationally within 3-48 hours.
Buy Now, Pay Later
A Forward Contract allows you to fix an exchange rate now for up to 24 months and pay for it when you need the currency:-
Where currency is bought and/or sold for delivery at a fixed time in the future. By minimising foreign currency risk, forward contracts can protect your profitability and improve your bottom line. A fixed forward must be utilised and settled on a specific date. It is useful when you have an invoice to pay or know that a payment will be received on a fixed date.
Forward Draw Down Contracts
Where currency is bought and/or sold for delivery within a period instructed by the Client or at the end of that period (if no instructions are received from the Client in the meantime); A forward draw down contract sets a window of time during which any part of the contract can be settled as long as all of it is paid for by the final date. A forward draw down is designed for those who know they have a number of bills to pay in a certain currency and this gives them flexibility about what date they wish to use the currency.
Market Orders - Limit and/or Stop Loss Orders
Set a Market Order to automatically buy currency at a pre-determined rate to ensure you won’t miss out should the market reach your desired exchange rate at any time.
Where currency is bought and/or sold for delivery when an agreed exchange rate is available and /or protecting against adverse market movements; An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will be executed at a specified price after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price.
The primary benefit of a stop-limit order is that the trader has precise control over where the order should be filled. The downside, as with all limit orders, is that the trade is not guaranteed to be executed if the currency does not reach the limit price.
A stop order is an order that becomes executable once a set price has been reached and is then filled at the current market price. A limit order is one that is at a certain price. By combining the two orders, the investor has much greater precision in executing the trade.