TorFX offer a range of tools to help companies control foreign exchange risk and maximize opportunity.
Forward Contracts:
Forward contracts allow you to fix your exchange rate for a future trade, even if you don’t have all of your funds available yet. This allows you to take advantage of favourable exchange rates up to 2 years before you actually need to send or receive currency. A 10% deposit is payable at the outset, followed by 90% when the contract matures.
Order Types:
Limit Order:
A limit order is an order to buy currency at a pre-determined level better than the current market rate. Our dealers monitor your order 24/7 and your currency is purchased automatically when your target level is achieved.
Stop Loss Order:
A stop loss order allows you to set a minimum or maximum rate at which to buy your currency. If the market falls or rises to this rate, your currency will be traded automatically. This gives you peace of mind that you are protected from large exchange rate movements.
Some clients use a limit order and stop loss order together, protecting against risk and guaranteeing that the exchange will be within a certain range. The markets are constantly moving, so our dealers will monitor your orders and keep you informed. Orders can be adjusted or cancelled at your instruction at any time prior to being fulfilled.
You will not be asked for any payment until your order has been fulfilled.
Analysis and Market Monitoring:
As specialists in currency trading, we spend our time and resources watching the markets for you, alerting you to any opportunities or risks as they arise. Our account managers will send you relevant and timely information by email to keep you informed and help your trading decisions.
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