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Forward trades

Forward trade

Trade now, pay later...

Forward trades enable you to set an exchange rate and settle your currency trade later, on or before an agreed date. This can be up to 24 months in advance. It's a 'trade now, pay later' type trade. Because the rate is fixed, your exchange rate will be protected from currency movements during the time you have agreed. This is ideal for future payments at times when exchange rates are volatile, so you do not lose money from unfavorable currency market movements between now and the time you need to make your payment.

You can either make your international payment in full or in multiple payments on different dates, by drawing down from the initial lump sum.

 

As an individual
This is useful if you have bought an overseas property, for example, and need to pay different amounts on fixed instalment dates, as you can guarantee the amount you will need to pay each time and budget more effectively.

As a business
If you have a supplier to pay in instalments over a set period, you can arrange to set the exchange rate now for your future currency trades, so you know exactly what you will be paying for every instalment and it will not change with fluctuating exchange rates.

Benefits of using a Forward trade:

  • Guarantee a rate now for future currency trades: protect your currency from market movements by setting an exchange rate now for settlement in the future.
  • Easy budgeting: know exactly what you will need to pay now for future currency trades, as the exchange rate is locked in for the time that you set.
  • Flexibility: make multiple payments from the initial lump sum and set the length of the Forward trade for a time that suits your needs
Why choose Halo Financial?
1
Low fees
Competitive rates
2
5 star
Feefo reviews
5 star
 
3
FCA
Authorised payments
 
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Reviews

Over 850 recent reviews showing Halo's excellent customer service
Average Customer Rating:
4.7/5
Independent Service Rating based on verified reviews. Read all reviews
StarStarStarStarStar
efficient
Simon Hughes - 14th Feb
StarStarStarStarStar
I would highly recommend Halo Financial
Debbie Baston-Scott - 13th Feb
StarStarStarStarStar
"Excellent Money Transfer Service to Thailand."
First Class service. Emails were prompt and provided all necessary information. All communications, receipts, transfers were issued within hours. Staff were efficient and friendly. This is the second time I have used your services and I will use them again for sure. To me it was a smooth team effort between your staff and my wife and I. Keep up the very good work. We are delighted clients.
Rudi Harders - 7th Feb
StarStarStarStarStar
Professional and efficient
2nd Feb
StarStarStarStarStar
On the ball..top professional service
Mr David Popeck - 24th Jan
StarStarStarStarStar
"Very happy"
Spot on - quick / efficient / good rate
Timothy Buxton - 27th Dec
StarStarStarStarStar
"Quick and easy tranactions."
I contact Halo Financial by telephone. My call is always answered promptly and takes only a couple of minutes. The staff are polite and efficient. If I ring early morning the money is usually in my account by late afternoon.
13th Dec
StarStarStarStarStar
"Fast, efficient and professional service.;"
Very quick, professional and just really nice people to deal with.
Tracey Haden - 12th Dec
StarStarStarStarStar
Extremely efficient service, as always
Mr & Mrs Ellis - 11th Dec
StarStarStarStar
Very good although sometimes there is a breakdown in email communication. Hoiwever, I have been a customer for at least nine years and have been totally satisfied with my service.thank you
Denise Emmet - 8th Dec