Forex Trading: Foreign Exchange Services to Access Global Markets - Citibank UK IPB Forex Trading: Foreign Exchange Services to Access Global Markets - Citibank UK IPB Forex Trading: Foreign Exchange Services to Access Global Markets - Citibank UK IPB

Foreign Exchange

Foreign Exchange Services helps manage your money in the currency of your choice with our global currency investments

Foreign Exchange Trading

Our Foreign Exchange services allow you to convert a wide range of currencies, at Citi's market exchange rates. In addition, with our offshore Multi Currency Cash Account, you can go to any Citibank ATM around the world and withdraw your own money in the local currency - a fast and easy way to access your cash, wherever you are.

 

Plus you can transfer funds immediately and fee-free to Citibank accounts to over 18 countries with our global funds transfer service.

 

Countries included in the Citibank Global Transfer service:

 

  • Australia
  • Bahrain
  • China
  • Hong Kong
  • Hungary
  • India* (selected locations)
  • Indonesia
  • Jersey
  • Korea (Republic of)
  • Malaysia
  • Mexico
  • Philippines
  • Poland
  • Singapore
  • Taiwan
  • Thailand
  • UAE (United Arab Emirates)
  • United Kingdom
  • USA (selected locations)
  • Vietnam

Dedicated FX Counsellor is available to provide Citi’s view and guidance on the market, especially if you are looking to convert a larger amount. As a Citigold client, you have access to the FX Counsellors for advice on the currency markets and diversification ideas. You can reach the team directly on fxsales@citi.com or the desk phone line on +44 207 986 8125

FX Order Watch

You set the rate, and we'll do the rest.

 

Wouldn't it be great to know that you could place currency trades in advance, safe in the knowledge that they will only be completed if rates hit the level you desire within your preferred timeframe?

 

Our FX Order Watch service does the hard work for you, keeping a constant check on the currency markets. You set the exchange rate and we'll do the rest.

 

Essentials

FX Order Watch lets you set your own preferred exchange rate between two currencies - for example US Dollars and Euro.

You can set up FX Order Watch quickly and easily using Citi Online, or ask your Relationship Manager to do this for you during office hours. Our dedicated Treasury Sales Officers are also there to provide expert assistance in meeting your Foreign Exchange goals.

 

Currency Risk

Because currency markets fluctuate, there is always a risk with any FX product that you could lose some of your capital if you make a trade and then immediately decide to switch back to your original currency. For this reason our FX solutions, including FX Order Watch, are best suited to experienced investors and those clients who already operate in more than one currency, or those who are prepared to accept the risk that currencies can fluctuate

Please read the full terms and conditions of our FX Order Watch service.

 

How to place an order

First, you decide the currencies you want to exchange and the rate at which you want to trade (the watch rate), as well as the term over which you want the deal to happen (between one day and 90 days). You then place your FX Order using Citi Online or by contacting your Relationship Manager.

Choose from over 20 different currencies and the following types of orders:

Single order: You place one order and we make the trade if the currency hits your desired level within the timeframe. If it doesn't, the order expires.

One-cancel-other order: You place two orders at the same time. Whichever target is hit first, that trade is executed and the other order is automatically cancelled. If neither target is hit by the end of the term, the order expires.

 

Citi Online

You can place an FX Order Watch at any time of the day or night using Citi Online, no matter where you happen to be in the world. Our easy-to use dropdown menus make selecting your currencies, target rate, timeframe and order type, simple and quick.

See how to place an FX Order Watch online with our short Help Centre Video.

Citi Online gives you maximum freedom to manage your money and investments. You can register for the service in minutes using just your Citi Multi-Currency Debit Card and mobile phone.

Once we take your order, we monitor the currency market 24 hours a day, and will only make the trade when the market rate hits your agreed level.

 

Currencies

FX Order Watch can be used to buy and sell over 18 of the world's major currencies:

 

  • United States Dollars (USD)
  • British Pounds (GBP)
  • Euros (EUR)
  • Swiss Francs (CHF)
  • Australian Dollars (AUD)
  • New Zealand Dollars (NZD)
  • Danish Krone (DKK)
  • Norwegian Krone (NOK)
  • Emirati Dirham (AED)
  • Russian Roubles (RUB)
  • Turkish Lira (TRY)
  • Hungarian Forint (HUF)
  • Romanian Leu (RON)
  • Polish Zloty (PLN)
  • Czech Republic Koruna (CZK)
  • Swedish Krona (SEK)
  • Hong Kong Dollars (HKD)
  • Israeli Shekel (ILS)
  • South Africa Rand (ZAR)

 

Access Forex Trading


Preferred shares:


Preferred shares are issued over a fixed period of time with an agreed rate of interest. Holders of preferred shares have priority over standard shareholders for payment of dividends, but they have no voting rights.


Exchange-traded Funds and Commodities:


You can also use our International Brokerage service to invest in Exchange-Traded Funds, which are pooled investment products that track stock market indices – such as the FTSE 100 for example.


By pooling your money with other investors you can get quick access to stock market performance while helping spread risk across all of the companies within a particular index. Exchange-Traded Funds are traded on stock exchanges in the same way as individual stocks.


Plus you can buy or sell Exchange-traded Commodities which allow you to gain exposure to commodities without actually taking delivery of the commodity or trading futures.


Depository Receipts:


The International Brokerage service include the ability to buy and sell American Depository Receipts and Global Depository Receipts. American Depositary Receipts are certificates issued by US banks that hold actual shares of a company's stock. Global Depository Receipts are certificates issued by a depository bank which buys shares in foreign companies. They allow you to benefit from the movement of share values of companies in developing countries for example, without having to purchase the stock directly. The minimum amount required to invest via our International Brokerage service is US$10,000 per purchase (or currency equivalent).There is no minimum amount required if you place your order via Citibank Online.


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