Foreign Exchange Home homesitemap contactUKForexNZForexCanadianForexTranzfers  
Add to your favorites  
Business Foreign Currency TransfersForeign Exchange ResearchMargin FXResearchFor Your WebsiteAbout Us
Currency Converter

Limit Orders


A limit order lets customers instruct us to buy or sell one currency for another currency at a target rate that is better than the current market rate. Customers leave such orders with us to take advantage of exchange rate movements that occur when they may not be able to monitor rates themselves or during overnight markets when they are asleep.

OzForex provides its customers with the opportunity to leave limit orders on the overnight markets. As foreign exchange markets are open 24 hours and volatility often occurs during overnight sessions, you may miss out on the best rates if you are unable to monitor movements all the time.

Orders can be left with any of our dealing staff and these are in turn left with our overnight traders. If the rate you have nominated is triggered overnight then you will be notified and asked to provide beneficiary details and organise timely payment to OzForex.

Orders that are triggered overnight become binding. You will be notified by phone and/or email if orders have been triggered.
Next Steps:
Frequently Asked Questions
Register for Live Quotes
Related Information:
Forward Hedging Guide
What are Limit Orders?
Available Payment Types
Supported Currencies
Minimum Amounts
Contact Us for More Information


When leaving a limit order with us you must instruct us of the currency to sell, the amount to sell and the desired exchange rate. You also need to tell us how long the order is valid. For example, the order could be 'good till cancelled' (GTC) or only valid to the close of business Friday.

Business and private clients can leave orders but generally the amount needs to be greater than AUD$50,000 to be accepted. We may also require a small deposit to ensure performance of the contract occurs when the order is completed.




Please email info@ozforex.com.au for more details or fill in the form below. You will be emailed a PDF guide to transferring money with OzForex. To view the file you will need the free Adobe Reader software which can be downloaded by clicking on the icon below.

Business FX
 ° General
 ° Importers
 ° Exporters
 ° Letters of Credit

Personal FX
 ° General
 ° Overseas Purchase
   (House, car, boat, etc.)
 ° Living Overseas
 ° Migration
 ° Overseas Investments

Services
 ° Immediate Payments
 ° Forward Payments
 ° Int. Wire Transfers
 ° Limit Orders
 ° International Receipts

More Information
 Why You Will Save
 Safety Of Your Money
 Case Studies
 Testimonials

Foreign Exchange Reference
 Basics of Forex
 FX Market Participants
 Market Forces
 Market Regulation
 Forex Glossary
 Currency Options
 For Corporations
 For Portfolio Managers

Home Page Regulation Privacy Policy Complaints Website Terms Contacts & Support

IMPORTANT: This information has been prepared for distribution over the internet
and without taking into account the investment objectives, financial situation and particular
needs of any particular person. OzForex makes no recommendations as to the merits of
any financial product referred to in this website, emails or its related websites. Please read our
Product Disclosure Statement and our Financial Services Guide.

AFMA

Regulated in Australia by ASIC (AFS Licence number 226 484)
© 2010 Copyright OzForex Pty Ltd ABN 65 092-375-703
Money Laundering Statement

Member of FOS (Financial Ombudsman Service)
Full Member of AFMA (Australian Financial Markets Association)

Go to top