Using a Limit order our clients can instruct our team to buy or sell one currency for another currency at a target rate that is better than the current market rate. Customers request limit orders with our team because they can take advantage of exchange rate movements that occur when they may not have the time to monitor rates themselves or during overnight markets when they are asleep.

TransferMate provides clients 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 because 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. 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.

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

Contact our team today for assistance:

Australia: +61 2 9037 2735
Canada: +1 6 477 242 412
France: +33 179976740
Germany: +49 30700173 093
Ireland: +353 1 635 3700
New Zealand: +64 9 366 0899
Spain: +34 911875 525
South Africa: +27 21 422 4110
UK: +44 207 659 9185
USA: +1 312 924 3737