Step-by-step guide to using TorFX
Guidance on how to use TorFX, the EUbusiness.com partner for providing foreign exchange services.
Set up your account
We need to register you as a client in order to open a trading facility, enabling you to instruct a dealer to purchase or sell currency over the telephone. We will also send you regular market updates allowing you to keep up to speed on currency movements.
Discuss your foreign exchange requirements
Your dealer will provide you with up-to-date views on market trends, and suggest strategies to meet your objectives and optimise your potential savings. The strategy you agree with your dealer will depend on your time frame and your risk profile. This may, for example, involve trying to achieve a target exchange rate (Market Order) or simply transacting at the current market rate.It is important that you understand that the currency markets can be volatile. If, for example, the market improves, you cannot amend the agreed contract. Any decision to proceed is yours alone. TORFX can only act upon your specific instructions.
Buying and Selling Currency - Your Options