Foreign exchange transactions are a type of currency exchange that occur directly on the stock exchange. A bank's exchange rate is unprofitable because of the bank's surcharge, whereas on the stock exchange there are no surcharges.
You open a brokerage account at a stock broker of your choosing, pick your currency and the amount you need. The money will be delivered into your checking account in the currency of your choice. This is convenient if you need cash and you, say, are going on vacation. Both organizations and private individuals can take advantages of this service.
There are no limits on the currency exchange. The exchange is safe because it goes through a state-controlled stock exchange. The currency exchange usually takes a few minutes and never longer than a few hours.
We'll consult you on the transaction and answer all your questions.
You save 1–3 % of your money.
You save time. You don't need to go to the bank and wait in line — you can exchange currency using your computer or smartphone.
Currency choice. You can obtain a currency that's unavailable at banks without advance notice. For example, yen or Swiss francs.
It's important to note that you can't make a profit on foreign exchange transactions — they only help to save time and money.