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What is a SPOT, and FORWARD Contract?

Spot contract Buy or sell a currency for immediate delivery. Spot contracts are suitable if you want to receive your currency quickly and efficiently while achieving the best rate available. Forward contract Fix an exchange rate at which you buy … Continue reading

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When will the money be received the other end?

This depends on where in the world you are sending your funds. Usually, transfers to Western Europe and the US are made the same day. Funds travelling further East take two days. Our customer service team can advise you of … Continue reading

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Is dealing with in trade going to take up much my time?

No you can buy money online and choose a destination account to send it too the beneficiary account in less than a minute.

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What is the cost, are there any hidden fees?

Setting up an account costs nothing and there is no obligation to use it either. For smaller transfers under 5k there is a £10 fee, above this nothing. If you need to amend a forward contract there is a fee … Continue reading

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How long does a transfer take?

This depends on a few factors including the currency you are sending or buying, the bank you use and the size of the transaction. Sterling, US dollars or euros We will usually make a same-day payment when we receive your … Continue reading

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How do I know my money is safe with in trade?

We do not take any market risk and are an FCA registered payment institution, and compliant with HMRC (customs and excise) as a P.I. we use only segregated client accounts with tier 1 bank for holding client funds.

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How do I pay for (settle) my currency trade?

Online transfer, this can take up to 3 days to be received and is normally free of charge however the majority of banks limit daily transfers up to £10,000 in the UK. Bank transfer, this is received by ITCE the … Continue reading

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How do I open an account with you? How long will it take?

Individuals – Can do this online or complete, sign and return our paper copy. If you are a UK resident we can usually verify your identity electronically. We can also do this for certain other countries. Only if we cannot … Continue reading

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How does In-Trade save me money?

We get you better rates of exchange than those offered by the banks by up to 5%. We do so through offering an automated online system for buying direct from the market rather that paying traditional telephone broker fees this … Continue reading

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