Book an FX Trade (within 2 days)

2026-03-06 02:10

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

Lock the forward exchange rate without immediate funds required. Our FX trade service helps you hedge against exchange rate fluctuations.
No margin required.

Access Spot

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

2.When you visit Spot for the first time, please read the [Terms of Service], tick the box to agree, and click [Continue] to proceed to the Spot trading page.

Book Spot trade

Step 1: Select the currency you wish to sell and the currency you wish to buy. WorldFirst Supported 14 sell currencies and 19 buy currencies. To sell:GBP,* USD, EUR, CNH, HKD, JPY, SGD, CAD, AUD, NZD,AED,SEK,CHF,PLN; To buy: GBP, USD, EUR, CNH, HKD, JPY, SGD, CAD, AUD, NZD, AED,CHF,SEK,PLN,ZAR,THB,NOK,MYR,CZK.	Step 2: Enter the amount in the funding currency or the buy currency. The total per trade unfunded Spot transaction limit 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 up to 2 busness days, no margin is 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 Spot trades

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

View details

Step 1: Click [ FX ] > [FX activities] > [Spot] 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 Spot Trades

Step 1: Click [ FX ] > [FX activities] > [Spot],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 Spot 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 activites] [Spot], 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

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

Yes, book an Spot 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 Spot 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 by phone or emai：

Phone: +44 20 7801 1065

Mailbox: clients@service.worldfirst.com

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

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

Which currency pairs are available for Spot trades?

WorldFirst Supported 14 sell currencies and 19 buy currencies.

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

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

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

Will I get charged if I cancel the Spot trade?

A Spot 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 Spot 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 Spot 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 Spot trade (unfunded spot) be settled earlier then the settlement day?

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

If no payment is added, when will my account be debited to settle 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.