A Forward Exchange Contract (FEC) involves the purchase of one currency against the sale of another for delivery on an agreed date in the future.
It is similar to a spot FX deal, only for settlement at a later date, for example 7 days, one month, one year or a specific date.
Exchange4free require clients to deposit a margin of between 10% to 20% in order to trade FEC's.
Margin is held by Exchange4free as 'security' against an adverse move in the exchange rate during the term of the Forward Exchange Contract (FEC).
Exchange4free are able to quote FEC's on a wide variety of currency pair including the following:
USD, CAD, ZAR, GBP, EUR, AUD, NZD, HKD, SGD, CHF, DKK, SEK, NOK, HUF, PLN, BGN, HRK, CZK, EEK, TRY, AED, MXN
and many others.
Please call our FX dealers for a quote on a Forward Exchange Contract (FEC).