MARKET/LIMIT ORDERS
Target Your Ideal Rate, Every Time.
Market/Limit Orders give you the power to execute trades at your desired price.
Get a Quick Quote
Target Your Ideal Rate, Automatically.
Market/Limit orders empower you to take control of your currency exchange, ensuring you get the best possible rates even when you’re busy running your business. Set your desired exchange rate, and our system will automatically execute the trade when the market hits your target. No need to constantly monitor the market – we’ll handle it for you.
Take Control, Never Miss an Opportunity
Market/Limit Orders empower you to proactively manage your currency exchange, ensuring you achieve your desired rates and stay within budget.
Target Rate Precision: Set your ideal exchange rate, and we’ll automatically execute your trade when the market hits your target, helping you avoid missing out on favourable opportunities.
Long-Term Flexibility: Place Limit Orders for up to 6 months, ensuring you’re covered even during market fluctuations across different time zones.
Strategic Planning: Use Market/Limit Orders as part of your broader currency strategy to achieve your business’s target rates and stay within budget.
Risk Management: Combine Market/Limit Orders with other hedging tools to protect against currency risk and minimize potential losses.
Expert Guidance: Our OFXperts can help you understand recent trading ranges, ensuring your target rate is realistic and achievable.
Hands-Off Convenience: Set your orders and let our system do the work, freeing up your time to focus on other aspects of your business
Simple and Efficient Process
Our streamlined process makes spot transfers quick and easy:
Get a Quote: Contact your dedicated account manager or use our online platform to get a real-time quote.
Book Your Rate: Secure your desired rate and confirm the transaction details.
Send Funds: Transfer the funds to your Provision Currency account.
Receive Payment: Your recipient will receive the funds in their local currency within a few hours (or on your chosen date).
Never Miss a Market Opportunity
In addition to Market/Limit Orders, we offer Rate Alerts to keep you informed about market movements. Set your desired rate, and we’ll notify you via email or phone when it’s reached, giving you the opportunity to act quickly.
We’re more than just money transfers.
At Provision Currency, we're more than just a foreign exchange provider. We're your strategic partner, dedicated to making global transactions simple, secure, and successful. Our partnership with a world-leading technology platform allows us to offer competitive, bank-beating exchange rates and lightning-fast remittance services, ensuring your money moves efficiently across borders.
We understand that every client is unique. That's why we offer tailored FX solutions for businesses of all sizes, from large corporations to ambitious SMEs, as well as private individuals with diverse financial needs. Our team of experienced account managers is always on hand to provide expert guidance and support, ensuring you have the tools and knowledge to navigate the complexities of the global currency market.
Data
Protection
ProVision Currency and The Currency Cloud Limited is registered with the UK Data Protection Act.
Client’s personal data shall be obtained only for specified and lawful purposes.
Segregated Client Accounts
All funds are sent to segregated client accounts held with our banking providers. The client accounts are ring-fenced from the company’s funds, and therefore protected from the unlikely event of any financial difficulties within the company. Clients money always stay separate to any of our liquidity.
Safeguarded Bank Accounts
The Client’s accounts are ring fenced from the company’s funds so your money remains protected at all times. Our partners stop safeguarding your funds once the money has been paid out.
Data
Security
Certified under ISO/IEC 27001:2013, the international best practice standard for information security management. Registered with FinCen in the United States and authorised in 22 states to transmit money
Need Help?
Find Answers Here
We’re here to help! Browse our FAQ section for answers to common questions about our services, fees, and security measures. If you need further assistance, don’t hesitate to reach out – our team is always happy to help.
What is the difference between a Market Order and a Limit Order at Provision Currency?
A Market Order executes immediately at the current market price, ensuring quick execution. A Limit Order allows you to set a specific target exchange rate, and the trade will only be executed if the market reaches that level, giving you more control.
How long can I keep a Market/Limit Order open with Provision Currency?
You have the flexibility to keep your Market/Limit Orders open for as long as you need, from a few hours to several months. Simply communicate your preferred timeframe to your dedicated Account Manager.
Can I set multiple Market/Limit Orders simultaneously?
Absolutely! You can set multiple orders at different target rates, allowing you to take advantage of various market opportunities and manage your currency risk effectively.
What happens if my Limit Order doesn't get triggered?
If the market doesn’t reach your target rate within the specified timeframe, your Limit Order will expire without being executed. You can always place a new order or discuss alternative strategies with your Account Manager.
What is the best way to get a good exchange rate?
Comparing rates from different providers and timing your transactions strategically can help you secure a favorable exchange rate. Market/Limit Orders can also be a valuable tool for targeting specific rates and avoiding unfavorable market movements.
How can I avoid constantly monitoring the currency market?
Market/Limit Orders allow you to automate your currency exchange, so you don’t have to constantly watch the market. Simply set your desired rate, and our system will execute the trade for you when the market reaches that level.
What are the benefits of using limit orders in currency exchange?
Limit orders provide precision and control, allowing you to execute trades only at your desired rate. They can also be used as part of a risk management strategy to protect against unfavorable market movements.
Can I use Market/Limit Orders for both personal and business transactions?
Yes, Market/Limit Orders are suitable for both personal and business currency exchange needs. Whether you’re making a one-time payment or managing ongoing transactions, these orders offer flexibility and convenience.
What is the difference between a market order and a limit order in general trading terms?
In any market, a market order is executed immediately at the current market price, while a limit order is only executed at a specified price or better.
How can I use limit orders to manage my risk in the currency market?
Limit orders can be used to set a maximum price you’re willing to pay for a currency (buy limit) or a minimum price you’re willing to sell at (sell limit). This helps protect you from unfavorable market movements and ensures you don’t pay more or receive less than your desired rate.
What are the potential downsides of using limit orders?
If the market doesn’t reach your target rate, your limit order may not be executed, and you could miss out on potential gains. It’s essential to set realistic target rates and consider market trends when using limit orders.
Are there any fees associated with using Market/Limit Orders?
Some providers may charge additional fees for Market/Limit Orders. At Provision Currency, we offer these services as part of our comprehensive FX solutions, with no hidden fees or charges.