Limit Orders for Businesses

Happy to wait for the exchange rate to improve?

A Limit Order is where you nominate an exchange rate you wish to achieve and we automatically purchase the funds on your behalf once this exchange rate is reached. Our business customers leave such orders with us to take advantage of exchange rate movements during the times at which they cannot monitor the rates themselves.

We watch the market for your business

As foreign exchange markets are open 24 hours and volatility often occurs during overnight sessions, you may miss out on the best exchange rates if you are unable to monitor movements all the time.

Limit orders can be left with any of our dealers. If the exchange rate nominated is triggered overnight, you will be notified and asked to provide beneficiary details and organise payment to UKForex.

How a limit order works

  • You will be notified by phone and/or email if an order has been triggered (orders that are triggered overnight are legally binding)
  • When leaving a limit order with us, you will instruct us of the currency to sell, the amount to sell and the desired exchange rate. 
  • You also need to tell us for how long the order is valid (between 2 and 365 days in the future).
  • The amount needs to be greater than GBP30,000 to be accepted.

Please speak to one of our dealers to be set up for Limit Orders or register free for instant online access to our dealing platform.

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