Whether you need to lock-in an exchange rate for an overseas property purchase, or protect your business from adverse market movements, we have a range of different products available to our personal and corporate clients. You can discuss your currency requirements in-depth with our Dealing team to see which products might be most suitable for you.
If you want to move your money straight away, a Spot Contract is for you. You can make a transfer as soon as you need; whether you’re making the most of a positive exchange rate movement or just want to move your money quickly, our Dealers will help you find a great rate.
With a Forward Contract, you can plan ahead and lock-in an exchange rate for up to two years. A Forward Contract could be a smart choice if you’re buying property overseas, need to know exactly how much your currency will cost, or want to protect your money from an adverse market shift.
Trading over £10,000? A Stop-Loss Order allows you to choose your worst-case rate, and we’ll make the trade automatically should it reach that level in a negative market shift, to save you from further losses. A Limit Order allows you to target a better exchange rate you’d like to transfer at, and if a positive market fluctuation occurs to reach it, your trade will be made automatically to capitalise on the movement.
We also offer Option products, which can play an important role in foreign exchange hedging, used to complement Spot transactions and Forward Contracts as part of a blended hedging strategy. Our Option products are available through Global Reach Markets and carry a higher level of risk that might not be suitable for all businesses.