When you make a booking to exchange currencies with FTT Global, your rate is immediately locked in so you aren’t affected by movements in the market.
Currency markets are known to fluctuate can and this can be unnerving for those with overseas investments, savings and property. Especially when the slightest movement in the market can make a huge difference to your potential savings.FTT Global provides you with a range of products and solutions to support you against instabilities in the market.
Booking a Forward
If you need to make one or multiple payments over the next 12 months and you are happy with today’s exchange rate, you may want to consider booking a Forward Contract.
A Forward means your exchange rate is secured now for you to use up to one year ahead. So when you need to make a payment, you can relax knowing that if the market has moved in the wrong direction, you won’t be affected and have to pay any extra for your currency.
All we require is a 10% deposit of the total amount you wish to exchange which is refundable upon completion of your money transfer.
Placing an Order
If you are not happy with the current market rate, placing a Profit-Order will help you to achieve the exchange rate you desire.
All you have to do is enter the rate you would like to achieve into the system and FTT will monitor the market for you 24/7. If this rate becomes available we will book your money transfer immediately and send you an email to let you know that your Order has been successful.
A Stop-Loss Order allows you to protect yourself in a falling market. You simply enter the lowest exchange rate you are willing to accept and if the market falls to this level, FTT will book your currency exchange and send you a confirmation email.
Orders are particularly useful because currency markets are known to be especially volatile overnight, so if your rate becomes available at 3am, FTT Global will be ready to secure it for you.
Placing a Rate Alert
Similar to the above “Order”, a Rate Alert allows you to enter the rate of exchange you would like to achieve and if this becomes available at any time, FTT Global will notify you by SMS or email. You can then choose to login to your account and place a currency transfer.
Contact us during UK office hours on +44 (0)203 603 8940 or email [email protected] anytime.