What is a Spot rate?
Unlike forward currency exchange trades and regular currency trades, spot exchange rates are a way to make a currency exchange on the day or within a few days at the current exchange rate. These currency trades are ideal if you need to make a quick overseas payment or a specific time. A currency specialist can work with you to help you discover the best time to make your trade to make the most of the current exchange rate.
Standard Spot trades – a trade now, pay now foreign exchange solution. Standard spot trades let you immediately agree to an exchange rate to buy or sell currency with an immediate settlement date or within two business days of the date you agree to the trade.
How do spot contracts work?
The spot market is advantageous if you need to make a large payment now or in the next few days. As a Halo customer, your personal Currency Consultant will help you find a convenient time to trade, monitor live spot prices, and look at how this suits your specific financial needs and situation.
Keeping you informed with market data
We will always notify you of any change in your chosen exchange rate – we’ll also keep you updated with what’s happening in the markets and how this could affect you and your money. Our Currency Consultants have leading industry qualifications that mean they can analyse the foreign exchange market and what they mean for you.
Make the most of your international payments
✔ Personalised, professional service
Timing, flexibility and market knowledge are crucial in all foreign exchange – that’s what your personal Currency Consultant will deliver, finding the best FX solution for you.
Once you register with Halo Financial, we will allocate you a dedicated foreign exchange specialist to professionally manage your currency trades and analyse current market data. We think it’s what really sets us apart. The breadth and depth of information and services we can offer you are combined with personal, tailored guidance to enable you to make the best currency decisions to suit your needs.
✔ Safe and secure
Halo Financial is Authorised by the Financial Conduct Authority and regulated by HM Revenue & Customs. All client funds are held in secure, segregated client accounts, separate from the operating accounts of the business.
✔ A wide range of currencies available
Halo Financial trades in most of the freely tradable currencies and can both buy or sell foreign currency. So, whether you’re looking for Euros, US, New Zealand, Canadian or Australian Dollars, United Arab Emirates Dirham, South African Rand, or any other currency pairs, we can help you make your transfer.
✔ No commission
Halo Financial does not charge a commission fee on foreign exchange transactions. There is a transfer fee of £15 for transactions below £5,000, which covers the cost of the trade.
✔ Save time
We’ve made sending international payments quick and easy by following a simple four-step process. You can find out how it works by contacting our team, who will be happy to answer any questions you might have.