Typres of currency trade transactions, spot, limit, forward contracts | FX-Foreign Exchange Best Global Currency Rates

Types of Transaction

There are four different types of currency exchange transactions:

• Spot Contract.A spot contract is undertaken when you buy currency at the prevailing exchange rate at the time of the transaction and make payment within two working days. This transaction is typically used for deposit….

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• Time-Option Forward Contracts.

You may also reserve a time-option forward contract. This contract allows greater flexibility in paying. For example, a property developer may give you a date of February 2007 as an approximate completion…

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• Forward Currency Contracts.

A forward contract is undertaken when you fix the exchange rate now for a specific date from one to 24 months in the future. As an example, your final payment for a home abroad may be the equivalent….

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• Limit Order.

Limit Orders allow a client to set the rate at that which they would like to exchange their currency. Global Currency Exchange Network will monitor the market for you and if the rate can be achieved…

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Open A Free Account
To open a FREE account with Global Currency Exchange Network, please complete the small form:

We will contact you to activate your account. The only items you will need to have available will be:

- A copy of your Passport, or Driving License
- A recent utility bill, or a copy of a bank statement, no less than 3 months old.

To make an exchange of currency, and transfer between banks, click on the scrolling rates. To halt the currencies, just hover over the rate that you're interested in. No commission, ... Rapid Transfers, ... Secure accounts, ... No Transfer fees, ... Best Rates....

Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

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About our services

Our service is very simple and is used every working day by hundreds of clients. Once you have registered with FX-Foreign Exchange, you will be given a client number. You can then choose from a number of options to make your currency exchange. You can:

- Telephone, or email us, with your request to exchange one currency for another
- Use our online currency exchange system, designed for spot trades below the equivalent value of £4,000.
- Use one of our forms online, and we will call you back.

When you decide to go ahead, this is what happens next:

- We will speak with you and offer you a fixed exchange rate for your currency deal. (We always aim to beat the high street banks)
- If you decide to go ahead, we will create a contract to buy, using your client number and will email this to you as a copy of the trade.
- You then transfer to us, the agreed amount of the currency that you are selling.
- When the money arrives in our secure client account, we exchange it for the currency that you wish to buy at the agreed exchange rate.
- We then send the money straight to the bank account that you instructed us to send it to, with no charge for transferring abroad and no commission.

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With years of experience and a dedicated team, let Global Currency Exchange Network take care of your money transfers.


How can you save when transferring money to another currency abroad?
Getting started FAQ's: Is it safe? What do I need? Where are we based? How can I contact you? What does it cost? What amount can be sent?	Fixing your currency rate: Can I buy forward? Are there guarantees? On what is the rate based? What currencies do you deal with? What restrictions exist?	More about money transfer: How do I add funds? What method can I use? How long will it take? Do I need a bank? Do you accept credit cards? Is there a fee?	Receive currency answers: When will funds arrive? What is the commission? Where can I send money?
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