Book an FX Trade (within 2 days)

2026-02-04 09:47

If you'd like to secure the current FX rate but do not yet have sufficient balance in your account, you can book a flexible forward to lock a forward rate for two days and make the FX trade once your funds arrive.

Supported up to two days forward exchange locking. Our forward locking service helps you hedge against exchange rate fluctuations.
No margin required.

How to book an FX trade

In WorldFirst portal,Click [ FX ] section via the navigation bar,or you can go to [ Payments ] > [ Book an FX trade ] also.

Enter FX trade information

Step 1: Select you wish to sell and the currency you wish to buy. *WorldFirst Supported 14 sell currencies and 18 buy currencies. Tosell:USD,EUR,GBP,CNH,JPY,CAD,HKD,AUD,SGD,NZD,SEK,PLN,AED,CHF. Tobuy:USD,EUR,GBP,CNH,JPY,CAD,HKD,AUD,SGD,NZD,SEK,PLN,AED,CHF,CZK,NOK,THB,ZAR.	Step 2: Enter the amount in the funding currency or the buy currency. The total amount of Unfunded Spot transactions you can make is 50,000.00 GBP. If you want to change the total amount you can contact us buy phone or emai⬇️ Phone:* +44 20 7801 1065 Mailbox: clients@service.worldfirst.com

Step 3: Choose the settlement date,If the settlement date within the next two days,no margin is required. If the settlement date is more than two days away, a 5% margin deposit will be required. *Please book onward payment before settlement date and ensure sufficient sell amount plus any payment fee in your WorldFirst account to settle your trade by 16:00 GMT+0.	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

And once you've successfully booked the forward contract, If you want to view trade information or see the status of FX trade,please follow the steps below⬇️

View details

Step 1: Click [ FX ] > [FX activities] > [FX Trades] you will see your order.

*If you cannot find your order,you can also click [view all] in the top right corner of the page.

Step 2: Click [View Details] to see all information about the trade.

You can view trades that have been paid/Settled, process/open, cancelled or processing in here.

Cancel FX Trades

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

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

*If you cancel the forward trade,WorldFirst will charge you cancellation fee.

Add payments

And once you've successfully booked the forward contract, 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 you’ll be charged a fee.

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 a 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

Is the FX trade (within 2 business days) a FX contract?

Yes, book an FX trade and settle within up to 2 business dayss, is to lock in your rate at the point of booking and settle funds at a later stage. It normally refers to unfunded spot 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.

Are there any trading limits?

Your default per trade limit is 50,000 GBP, while the total outstanding trading limit is 500,000 GBP. If you would like to change the trading limits, pls contact us buy phone or emai：

Phone: +44 20 7801 1065

Mailbox: clients@service.worldfirst.com

Do I need to pay a deposit when I book an FX trade (within two days)?

No. In the case of unfunded spot FX trade, no margin deposit is required.

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.

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

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

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.

Will I get notifications to settle my FX trade?

Yes. You will get notifiation by email on the settlement date to remind you of the settlement.

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.

Can the FX trade (unfunded spot) be settled earlier then the settlement day?

No. You can only settle the FX trade on the settlement date.

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.