Spot trades: instant currency exchange
A trade now, pay now foreign exchange solution
We understand that life can be hectic and doesn’t always go as expected. So, when you need to make a fast international payment, a Halo Financial spot trade is ideal. This foreign currency exchange solution allows you to make a fast same-day currency exchange or within a few days at the current exchange rate. Whether it’s an unexpected bill, family emergency or last-minute change of plans, our spot trades won’t delay your currency exchange. You can immediately agree to a spot exchange rate to buy or sell currency with an instant settlement date, or within two business days of agreeing to the trade.
THE OPPORTUNITY
Standard spot trades
Halo clients benefit from our expert insights into the currency market and having a personal currency specialist. This means that we expertly monitor live spot prices and help you find a convenient time to trade. This opportune timing is leveraged to your advantage to place the currency exchange at the most favourable time.
Personalised, professional service
As a valued Halo Financial client, your dedicated currency specialist professionally manages your currency exchanges and analyses current market data on your behalf. Our team monitors live spot prices to determine how this suits your specific financial needs, saving you time and offering peace of mind. We also notify you of any changes in your chosen exchange rate and the effect of any currency market updates on your money.
OUR APPROACH
Bringing a human touch to currency exchanges
Timing, flexibility and market expertise are all crucial in foreign exchange (forex) trading. This is where we excel, by taking a customer-centred approach to foreign exchange. We make sending international payments more convenient, by ensuring our expert team stays informed of any foreign exchange market developments, so you don’t have to.
Fast and simple foreign currency exchange
Competitive currency exchange rates
Halo Financial trades in most of the freely available currencies and both buys and sells foreign currency at competitive exchange rates. So, whether you need to make a fast international payment to Europe, the US, Canada, Australia, New Zealand, China, the Far East and more, we’ve got you covered.
Dedicated support from an experienced currency specialist
Your currency specialist works closely with you to help discover the best time to make your trade and maximise the current exchange rate. They also notify you of any changes to your chosen currency pair and keep you updated on what’s happening in the currency market with regular news and alerts.
Around-the-clock market rate monitoring
Spot trades are ideal for making quick overseas payments or placing a currency exchange at a specific time. Our team monitors the current market 24 hours a day, 5 days a week so that you’re informed of any recent changes. You can also monitor the exchange rate using our currency converter.
WHAT TO EXPECT
Foreign currency exchange powered by award-winning client services
However you’d like to trade your currency, our hedging solutions offer a variety of currency pairs and settlement dates for whatever works best for you. We carefully mitigate foreign exchange risk and tailor each solution to your exact foreign exchange requirements.
- Forward trades to set your exchange rate now and settle the currency trade up to 24 months in the future
- Stop loss orders to target a “worst-case” exchange rate and protect yourself if the exchange rate moves against you
- Limit orders to target a “best-case” exchange rate than available at the time of placing your order
- Online currency trading with Halo Online, to take control of your currency trades from anywhere in the world, for free.
FAQs
Here are the most frequently asked questions about online currency trading.
What are the advantages of spot trades?
Spot trades are the fastest way to make a currency exchange, either on the day or within a few days. They also offer an immediate settlement date, or within two business days of the date you agree to the trade, for added convenience. Your currency specialist is also on hand to help you discover the best time to make your trade. This allows you to take advantage of the current exchange rate to get the most value for your money.
How do I sign up for a Halo account?
Registering for a Halo account is free and easy. Simply fill in our application form and we’ll aim to process your application within minutes. Once you’re registered, you can get a quote and begin making your international money transfers.
What is the difference between a spot trade and a forward trade?
A spot trade is an immediate currency transfer at the present exchange rate. The settlement date is either on the day or two business days from the date you agree to the trade. A forward trade has a longer timeline, allowing you to take advantage of any currency volatility by locking in your preferred exchange rate in advance. You can then settle the currency trade up to 24 months in the future.
Let’s talk
Call us and speak with real people who are happy to take your call and are interested in assisting you.
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