Step 1 – Setting up a trading account
You will need to set up your account and
provide the relevant identification before you
can instruct your dealer to buy or sell currency.
However, opening a trading account with IFX
does not cost or obligate you in any way.
To open your account:
- Visit www.internationalfx.com
to read our terms and conditions
- Complete and sign the relevant
application form
- Contact our accounts team in your
local office and provide the supporting
documentation requested
Step 2 – Discussing your requirements
IFX can provide you with up-to-date views
on market trends, market forecasts
and suggest strategies to best suit your
currency requirements.
The strategy your consultant suggests will
depend on your circumstances, requirements,
and goals – as well as any deadlines you may
be obligated to. This could involve trying to
achieve a target rate of exchange, or simply
exchanging your funds at the current market price.
Step 3 – Transacting your currency
Once IFX has taken your verbal authority to
purchase currency, or your target exchange
rate has been achieved, you will be issued with
a contract note. This will detail the exchange
price that has been agreed, the amount of
currency purchased and will include instructions
for settlement of your contract. IFX does not
accept payment by cash or from any third
party. The contract note will also request that
you provide payment instructions for your
onward transfer.
Please be aware that your verbal authority to
purchase currency is a legally binding contract
between you and IFX. For your protection, all
phone calls are digitally recorded.