USI Overview
Timings
Monday | 9:30am to 5:00pm |
---|---|
Tuesday | 9:30am to 5:00pm |
Wednesday | 9:30am to 5:00pm |
Thursday | 9:30am to 5:00pm |
Friday | 9:30am to 5:00pm |
Transfers
Amount | Fees |
---|---|
£200 - 1,500 |
£10 |
£1,501and above |
No fee |
Glossary
Good Till Cancelled. A GTC foreign exchange order will be left in the market until executed or cancelled by the client.
A stop loss order is a means of limiting a client's risk from adverse exchange rates. A currency ex-change level is set. If that currency exchange level is reached, the trade is automatically executed in the market. The currency level used for a stop loss order is always worse than the current market price. This is a way to protect you from adverse changes in exchange rates without needing to con-stantly monitor the rate. Using a Euro example, if the market is trading at Euros €1.49 and you think that you may get a better rate by waiting, you can still protect yourself in case the market moves against you by placing a stop loss order at Euros.