Frequently Asked Questions
How can I pick the best time to trade?
The daily currency updates provided by FXPM will keep you informed of the latest developments, and your dedicated Account Manager will get in touch if the market shifts in your favor. While it’s impossible to predict exactly how a currency will perform in the future, with FXPM on your side you have a much better chance of getting the most for your money.
Would transferring funds with FXPM be easier than using my bank?
While using your bank for foreign currency transfers might seem like the simplest option, using a specialist broker like FXPM can make the process more streamlined and considerably more cost-effective.
How much does it cost to transfer currency with FXPM?
Opening an account with FXPM is free, and there’s no obligation to trade. Furthermore, FXPM will secure you a competitive exchange rate and won’t charge transfer fees or commission.
How does the transfer process work?
After opening an account, agreeing on a rate with your personal Account Manager and receiving an order confirmation, you’ll be asked to supply details of the beneficiary account before sending your funds to your FXPM client account. After the funds have cleared, your foreign currency is immediately sent to your beneficiary account – it’s as easy as that!
Is there any way of protecting my transfer?
As the foreign exchange market is so volatile, currency risk can be a real concern. We appreciate that a bit of added security can really help put your mind at ease, and our services reflect that. Transfer options like Limit Orders and Forward Contracts ensure that you can protect funds from any adverse shifts in the market.
What security measures do you have in place?
When you use FXPM to handle your foreign currency transfers, you can relax in the knowledge that your money is safe and totally secure. FXPM is regulated by the Financial Vanuato Authority and holds segregated client accounts with few major banks.