If you need to make an immediate lump sum payment such as a deposit then this is the product for you. These are called a “Spot Trade” and allow you to purchase and transfer funds to most countries on the same day.
This option is fantastic for property buyers who have stage payments and want the peace of mind that no matter what happens in the currency market the value of their financial commitment won’t change. These are called 'Forward Contracts’ as they allow you to use the current rate to secure forward for a date in the future.
This option is called a “Market Order” and is particularly helpful for people who need a designated rate of exchange in order to make the transaction viable. This allows you to designate a rate that you're willing to wait for and when the market achieves that rate the currency is purchased on your behalf. This allows you to save money and use market fluctuations to your advantage.
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