Buy and sell currencies to conduct Business?

Published on August 5, 2010 by admin   ·   No Comments

Buy and sell currencies to conduct Business?

If you are in a business and need to buy or sell due to using services overseas or importing or exporting you should consider using a foreign exchange provider to protect your business interests. By not using a foreign exchange provider it could mean unpredictable profit margins, exposure to heavy loss in trading resulting in company loss and stress.

Foreign Exchange UK utilize the experience from corporate Brokers strive to eliminating these problems by keeping their finger on the pulse, with every fluctuation there is a reason and the corporate brokers are always on hand to provide you with reasons for these fluctuations.

Corporate brokers then provide strategies to protect you against any loss that could be incurred which finally eliminates the stress you were under allowing you to focus on your more pressing issues e.g. YOUR BUSINESS AND PROFIT.

What do I do next?

Step 1. Opening an account
You need to complete, sign and return the “no obligation to trade” Terms and Conditions of Business together with two forms of certified identification such as copies of a utility bill, passport, driving licence etc. Upon receipt of these documents, you will be allocated a Personal Dealing Reference number, which is unique to you and your own Currency Broker who will look after your interests.

Step 2.

Your dealing reference number
As soon as we receive your completed documentation, your account number will be allocated. This process can take less than an hour.

Step 3.

You can now trade
Please call for the best rates in the market. Trade Spot, Forward or place an order, it’s up to you.

Step 4.

Pay for your foreign exchange transaction
By cheque, BACS, CHAPS or Online Banking. Your currency will be transferred to your designated account on the maturity date specified in your foreign exchange Contract. Please be aware that Foreign Exchange UK’s partners do not impose any charges for the services provided but foreign banks may charge to receive funds, contact your foreign bank to confirm or negotiate charges.

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