There are various types of contracts that RationalFX can offer you. Your dedicated dealer will establish your requirements and outline how each transaction can benefit you. They will offer you expert advice and provide you with all the information that you require to make a sound and clear decision on which contract to choose.

Spot
This is the most basic and popular type of contract. It's a basic "buy now, pay now" system. This is done when you want to purchase the currency at "today's rate" you need to arrange to have cleared funds in our account within 48 hours. We will then transfer the agreed amount of currency to the account specified by you. It will take anything up to two working days to clear the funds in the foreign account.

Forward
A Forward contract helps you to hedge yourself against exchange rate fluctuations. Hedging is when a client can secure themselves into a rate for anything up to twelve months down the line. The main difference between Forward and Spot is that a Forward contract uses a buy now pay later system. As currency markets tend to fluctuate, this can seriously affect the cost of whatever you wish to purchase. That's why a Forward contract can be used to take the client's risk out of the market.

Stop Loss
In this type of contract, you place an order and specify the minimum level at which currencies are bought or sold, protecting yourself against a downturn in the market.

Limit Orders
A Limit Order allows you to specify your desired exchange rate which is the 'upper limit'. Once this limit is reached we can buy or sell the currencies that you request.