The spot contract is the most basic and popular foreign exchange product. Spot contracts are used when currency is required immediately. It enables you to buy the currency at todays live rate and the currency will be available to you on receipt of your cleared funds.

Forward contracts are a "buy now - pay later" solution to avoid currency market risk. You will be able to lock into a favourable exchange rate today for currency that you need up to 2 years in the future.

All that is required is a deposit of 10%. The balance is only required on the delivery date of the contract and can remain in your bank account earning interest.

Forward contracts are widely used by property buyers as transactions often take weeks to conclude, leaving buyers exposed to a volatile currency market. They are also useful for stage payments on new builds and are a vital risk management tool for large corporations.

Protect yourself against a sudden adverse movement in the exchange rate using a stop loss. Simply specify the minimum rate you need to achieve and the stop loss will automatically ensure that your currency is purchased if the exchange rate falls unexpectedly. This allows you to hold out for a better exchange rate while protecting yourself against a sudden fall in the market.

Take advantage of sudden favourable movements in the exchange rate using a limit order. Determine the exchange rate you are hoping to achieve and your currency will automatically be purchased if the market reaches your desired level.

(EUR) Euro
(USD) United States Dollar
(CAD) Canadian Dollar
(CYP) Cyprus Pound
(AUD) Australian Dollar
(NZD) New Zealand Dollar
(ZAR) South African Rand
(CHF) Swiss Franc
(AED) U.A.E Dirham
(MTL) Maltese Lira
(HKD) Hong Kong Dollar
(JPY) Japanese Yen
(THB)Thai Baht
(SEK) Swedish Krona
(NOK) Norwegian Kroner
(DKK) Danish Krone
(CZK) Czech koruna