Spot Trades
Forex Trade Types
Navigating Your Options
Instant Execution, Immediate Impact
Spot trades offer the convenience of immediate execution at the current live rates, with settlement occurring on the same day. This flexibility allows you to either deliver the funds instantly, schedule them for a future date, or keep them within your account for later use. Spot trades provide a straightforward and efficient way to manage your currency needs on the fly.
Forward Contracts
Planning for the Future with Confidence
Forward contracts are a strategic tool for securing exchange rates at the current market value for up to 12 months into the future, without the immediate need to commit cash for currency purchase. This financial instrument is invaluable for mitigating the risks associated with market fluctuations.
The requirement for deposits may vary based on the transaction’s value or the duration of the contract.
By booking a forward contract, you effectively fix the cost of your future international payments, enabling precise financial planning. This function mitigates potential unfavorable shifts in the exchange rate, guaranteeing the fixed rate for future transactions.
