Forex Trading
Forex (FX) Trading with Business Online
The FX Trading component on Business Online is a real-time tool for companies dealing in foreign exchange. It allows for online dealing and management of trades and provides instant access to forex rates.
Some of the benefits
Security
Safe and secure trading, secured with 2FA for full regulatory compliance
Reliability
Backed by the largest banking group in Africa
Convenience
Full control over your financial activity from your own desk, 24/7
Compliance
Easy access to comprehensive reports with full audit trails
What you get
- Spot deals, initiated for value on the same day, the next day or in two days’ time
- Forward cover, with the option of fixed, fully optional or partially optional cover
- Extensions and surrenders, as well as early and normal deliveries on existing forward contracts
- Orders, including stop losses, profit takes and call orders
- Indicative exchange rates
- Enquiries on trades, deliveries and orders with the following options:
- Unsettled, historic, single and today's deals
- Mark to market
- Contract hierarchy
Features
- Easy navigation
- Windows functionality
- Easy and efficient access to transaction information
- Improved control over foreign exchange activities
- Efficient deal reconciliation
- Confidentiality of foreign exchange deal information
- Secure trading environment
- The ability to set limit restrictions per operator
How to access FX Trading
If you would like to add the FX Trading module to your profile, speak to your Business Online consultant and ask them to provide access.
Due to the inherent risks associated with foreign currency trading, we will need to conduct a credit check before we can approve and activate this module for you. Your Business Online consultant will be able to assist with this process.
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What you get
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Features
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How to access FX Trading
- Spot deals, initiated for value on the same day, the next day or in two days’ time
- Forward cover, with the option of fixed, fully optional or partially optional cover
- Extensions and surrenders, as well as early and normal deliveries on existing forward contracts
- Orders, including stop losses, profit takes and call orders
- Indicative exchange rates
- Enquiries on trades, deliveries and orders with the following options:
- Unsettled, historic, single and today's deals
- Mark to market
- Contract hierarchy
- Easy navigation
- Windows functionality
- Easy and efficient access to transaction information
- Improved control over foreign exchange activities
- Efficient deal reconciliation
- Confidentiality of foreign exchange deal information
- Secure trading environment
- The ability to set limit restrictions per operator
If you would like to add the FX Trading module to your profile, speak to your Business Online consultant and ask them to provide access.
Due to the inherent risks associated with foreign currency trading, we will need to conduct a credit check before we can approve and activate this module for you. Your Business Online consultant will be able to assist with this process.
We also offer
Trade Finance
Trade Finance with Business Online
International Payments
Business Online allows you to process your cross-border payments and transfer funds between your Foreign Currency accounts.