Spot Contract

Executing a trade for settlement within 2 business days. Advances in wire transfer times allow same day settlement before respective cut off times.

Forward Contract

Allows the buyer to secure a fixed price for a future value date up to 12 months in advance. Volume and settlement date are confirmed when trading, a useful tool specifically when markets are volatile.

Market Orders

A pre-determined order to execute a buy or sell transaction at a set price and amount. Can be entered with a time limit or good until closed option.

Millbank FX Limited is authorised by the Financial Conduct Authority as a Payment Institution
(FRN no: 787366) and registered with HMRC as a Money Service Business (MSB no: 12954585)
Contact us on 0203 889 8840