It is important to have a regular point of contact at a currency company to discuss what is happening with the currencies that a company is involved in, this is one of the major benefits over the bank, eyes and ears on the market.
But for some clients the ability to book the trades online is invaluable. Not all currency companies offer this facility and a lot that do are limited to trades of less than £10,000 equivalent, we work with currency houses that have superb online facilities with no limits and full access.
The currency market is 24/7 and we have clients all around the World, they need access to rates and the ability to trade, the UK offices may well be closed during their working hours.
An online system can be useful for small or one-man businesses, quite often the person arranging the payments is also involved in many other functions of work, payments can be arranged from home in the evening if that is the only time available, the ability to sit undisturbed to complete overseas payments cannot be underestimated.
For larger companies an online facility for their overseas payments can be a useful tool, a good online platform offers the ability to keep all of the admin in one place, client lists, payment details and an easy system for the accounts department to work with and at the same time saving the company money on bank fees and getting a competitive rate each and every time no matter what the size of the payment.
We are happy to talk you through the features and where appropriate recommend an online system that suits your requirements.