FX Orders

Market Orders: Protect against short-term downside risk or use market volatility to your advantage by targeting a more favourable rate

Orders are monitored 24 hours a day and we'll alert you once the rate is triggered

Protect

Your business against downside risk and unfavourable rate movements
Profit

From intraday price volatility, and short- and long-term currency movements
Participate

In advantageous market movements whilst retaining downside protection

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FX Orders can be useful to capture or protect against short- or long-term price movements

You can leave an order live in the market to run when you're not looking at the rate or if you have a target level in mind.

We will monitor your order all the time the market is open, and you'll receive confirmation from us if your level is reached any time of the day, even whilst you sleep.

Our approach is to maintain consistency and transparency in pricing with FX Orders, something most in the market don't do!

Our FX Order Types

Limit Order

Set a trigger level better than the current spot rate. Should the level be achievable, we'll book the trade immediately and alert you. You can then choose to take delivery of the funds or roll the position into a Forward.
Stop Loss Order

Set a trigger level at a worse rate than the current spot rate to prevent greater losses. Care should be taken with Stop Loss orders, but we'll guide you through it.
One Cancels Other (OCO) Order

Set both a Limit Order (Take Profit) and Stop Loss order at the same time. As either level triggers, the other is cancelled.

Use Cases for FX Orders

Loss Mitigation

To mitigate potential losses due to adverse exchange rate movements, a company can place Stop Loss Orders. If the exchange rate reaches a specified unfavourable level, the Stop Loss Order is triggered, and the company can transact to limit losses.
Profit Maximisation

A company could place a Limit Order to automatically trade when a currency reaches a predetermined favourable exchange rate. This helps lock in profits without constantly monitoring the market.
Target Trading

A business wants to make a large currency purchase but is waiting for a specific exchange rate. They can use a Limit Order to buy the currency automatically when the market reaches the desired rate.
Manage Trading P&L

A company wants to manage both potential losses and gains simultaneously. They can place an OCO order, so that if one order is executed, the other is automatically cancelled, helping to manage risk and rewards efficiently.

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