Book an FX Trade (more than 2 days)

2026-03-25 02:30

If you don’t lock in a rate, currency swings could affect your bottom line, driving up costs or forcing you to raise prices. Even if rates don’t move dramatically, the lack of predictability can make it harder to manage budgets; Our FX trade helps you:

Lock rate to help your budget;
Hedge against exchange rate fluctuations;
Select flexible settlement options;
Exotic currency is supported.

Get access to FX Forwards Trade

Kindly contact your account manager, or by phone or email below to request acceess:

Phone: +44 20 7801 1065

Mailbox: clients@service.worldfirst.com

Access FX trade

In WorldFirst portal,Click [ Payments ] > [ Book an FX trade ].

Book FX tradde

Step 1: Select the currency you wish to sell and the currency you wish to buy. WorldFirst Supported 24 sell currencies and 18 buy currencies. To sell:* GBP, USD, EUR, CNH, HKD, JPY, SGD, CAD, AUD, NZD, THB, MYR, MXN, CHF, SEK, CZK, PLN, DKK, NOK, RON, HUF, ZAR, ILS, AED, TRY, SAR. To buy: GBP, USD, EUR, CNH, HKD, JPY, SGD, CAD, AUD, NZD, CHF, SEK, CZK, PLN, DKK, NOK, MXN, AED.	Step 2: Select the transaction currency and enter the amount. The per FX trade transaction limit is 50,000.00 GBP. If you would like to change the limit, pls contact us by phone or emai⬇️ Phone:* +44 20 7801 1065 Mailbox: clients@service.worldfirst.com

Step 3: Choose the settlement date. * 5% margin deposit will be required.	Step 4: Click [ Next ] to review your trade details and click [ Confirm trade ]. And once you've successfully booked the forward contract, your rate will be valid for your booked amount until your settlement date.

View or cancel FX trades

Once you've successfully booked the fx trade (unfunded spot), and would like to view trade information or see the status of FX trade,please follow the steps below⬇️

View details

Click [Payments] , then select the [Transaction management] tab,and Click [Details] to view full trade information.

Cancel FX Trades

Step 1: Click [ Payments ] > [Transaction management] > [FX Trades],and click [View Details] > [Cancel].

Step 2: Click [ Confirm Cancel ] you will concellation succeeded.

*Applicable fee will be presented in the pop up windown and you will be charged the fee if any.

Add payments

And once you've successfully booked the FX trade (unfunded spot), your rate will be valid for your booked amount until your settlement date.You can book payments with the forward rate to make payouts, or settle into your World Account in the buy currency.

If no payments are created, the system will automatically make the trade and settle the funds into the corresponding currency account. If no corresponding currency account is available, the trade will be cancelled and applicable fee might be charged.

Step 1: To book payments with the trade, you can click on [Create an onward payment] directly on the results page. Alternatively, you can also book payments for this trade by going to [FX] > [FX trades], where you can locate the trade and click on [Add payment]	Step 2: Next, you can select a payee and select the purpose of payment. You can also choose to settle the funds into your account.

Step 3: Enter the payment amount and select the payment date，and Click on [Next step], you'll need to verify via Authy or SMS code.	Step 4: After reviewing your payment details and clicking [Confirm payment]

FAQs

1. If an FX trade a FX contract?

Yes, book an FX trade is to lock in your rate at the point of booking and settle funds at a later stage. It normally refers to "Forwards" in the FX market.

When you book an FX trade, you’ll be contractually obliged to settle this trade, so you’ll need to ensure you hold a sufficient balance on your World Account on your desired settlement date. This is to avoid any cancellations and subsequent fees.

2. What types of FX Forward do you provide?

We provide two types of FX Forwards: Fixed Forwards and Flexible Forwards.

Fixed Forwards: You can only settle the trade on the settlement day.

Flexible Forwards: You can settle the trade anytime between the trade date and settlement day.

By default you are booking Flexible Forward in the portal. If you would like to book Fixed Forward, please contact our customer service.

3. Do I need to pay a margin deposit when I book an FX Forward trade?

Yes. If the settlement date is more than two business days away, a 5% margin deposit will be required. If there is no sufficient funds in the margin account you selected, you have up to two days to top up the funds, after which the trade is forced to close out.

4. Can you waive my margin deposit when I book an FX Forward trade?

We can waive the initial deposit in below cases:

If you book 3 days FX Forward with less than 50K GBP, we waive the inital deposit:

If you book less than 10 days FX Forward with less than 10K GBP, we waive the inital deposit.

Please contact your accout manager if you would like to request credit line to wiave margin deposit.

5. Do I need to pay any subsequent margin if market moves against me?

Market movements could result in Forwards transaction moving “out of the money” (meaning current position has a negative value against the current market rate). If Margin no longer enough to cover the negative position, WorldFirst may, at any time up to the settlement date, require you to further top up.

If the subsequent margin is triggered, you have up to two days to top up the funds, after which the trade is forced to close out.

6. How is your subsequent margin amount determined?

We use the concept of "headroom" to determine the subsequent margin amount. For each forwards trade, the headroom is calcuated as the combined value of margin deposit and Market to Market, divided by the unsettled amount of the trade. If the headroom falls under 1%, we would required subsequent margin deposit, with the amount to maintain the headroom back to 3%.

7. Will I get charged if I cancel the FX trade?

A FX trade is a contract under which you'll be obiliged to settle the trade. If the FX trade is cancelled by yourself, or forced to cancel due to insufficient funds in the account after the expiry date, applicable fee, including cancellation fee and any FX rate fluctations that is infavourable to your position (normally referrs to "Market - to - Market Loss" in the FX market), will be charged to you.

8. What types of notifications do I get?

We will send you email notifications for trade&payment confirmation/coming due/due/overdue, deposit due&overdue, margin call/due/overdue. These notifications may be combined in a single email.

9. Which currency pairs are available for FX trades?

WorldFirst Supported 14 sell currencies and 18 buy currencies.

To sell:USD,EUR,GBP,CNH,JPY,CAD,HKD,AUD,SGD,NZD,SEK,PLN,AED,CHF.
To buy:USD,EUR,GBP,CNH,JPY,CAD,HKD,AUD,SGD,NZD,SEK,PLN,AED,CHF,CZK,NOK,THB,ZAR.

10. Can I add partial payment for the FX trade I booked?

Yes, you can add multiple payments, up to the booked amount.

11. What situations may result in a default of an FX trade ？

A default typically occurs if you fail to settle the transaction by the expiry date, typically, insufficient funds in the designated account. Please ensure sufficient sell amount plus any payment fee in your WorldFirst account to settle your trade by 16:00 GMT+0.

12. Can a Forwards trade be settled earlier?

For fixed forwards, pls contact us if you would like to settle the trade earlier than the settlement date. The actual dealt rate will be adjusted based off the market at the point of operation.

For flexible forwards, you can settle the trade anytime before the settlement date.

13. Can a Forwards trade be extended?

Yes, pls contact us if you would like to extend your forwards trade. The actual dealt rate will be adjusted based off the market at the point of operation.

14. If no payment is added, when will my account be debited to setttle the trade?

If no payments are created, the system will automatically make the trade and settle the funds into the corresponding currency account at 16:00 GMT+0.