IFX Service
Three step guide to sending your money.
Step 1 – Setting up a trading account
Opening a trading account with IFX does not cost or obligate you in any way. You will need to set up your account and provide the relevant identification before you can instruct a dealer to buy or sell currency.
To open your account:
- Click on the bank rate widget to be directed to a application form.
- Complete and sign the relevant application form
- Contact our accounts team in your local office and provide the supporting documentation requested
Step 2 – Discussing your requirements
When you sign up you can also get up-to-date views on market trends, market forecasts and suggest strategies to best suit your currency requirements.
Depending on your circumstances, requirements, and goals will depend on what the strategy your consultant will suggest with any deadlines you may be obligated to. This could involve trying to achieve a target rate of exchange, or simply exchanging your funds at the current market price.
Step 3 – Transacting your currency
Once IFX has taken your verbal authority to purchase currency, or your target exchange rate has been achieved, you will be issued with a contract note. This will detail the exchange price that has been agreed, the amount of currency purchased and will include instructions for settlement of your contract. IFX does not accept payment by cash or from any third party. The contract note will also request that you provide payment instructions for your onward transfer.
Please be aware that your verbal authority to purchase currency is a legally binding contract between you and IFX. For your protection, all phone calls are digitally recorded.
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