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Currency Converter

Limit Orders


A limit order allows customers to 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 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.

OzForex gives customers the opportunity to leave limit orders on the overnight markets. As foreign exchange markets are open 24 hours and volatilty 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.
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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 for how long the order is vaild. 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 A$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.

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