TRADING & SETTLEMENT

OUR PROCESS

6) Completion

5) Settlement

1) Open an Online Account

4) Instruction

2) Consult our Traders

3) Execution

1) Open an Online Account

Opening a trading account with Millbank is simple and secure. All accounts are free to open with zero ongoing charges.

2) Consult our Traders

All of our Traders have over 10 years direct FX experience and will discuss your requirements to understand exactly how we are better able to serve you.

3) Execution

Trades can be executed by telephone, email or through the Millbank online platform. Once executed a trade confirmation is emailed directly to you confirming the details of the deal.

4) Instruction

Beneficiary details can be emailed or input through the Millbank online platform. For security, instructions via email are verified by telephone with the account holder.  

5) Settlement

Funds to settle an open trade are sent from the client to Millbank via bank transfer. A copy of our bank details are always represented on the trade confirmation.

6) Completion

When settlement funds and instructions are received, Millbank will wire your currency to your designated beneficiary along with a payment confirmation.