Your vendors are in one country, manufacturers are in several others, and your buyers are in markets around the world. You use your bank’s currency exchange service to make payments around the world and conduct transactions in foreign currencies, and you’re being charged top rates for it.
Questrade’s currency exchange and global payments service can make doing business easier – and protect your bottom line
Your bottom line is your top priority – it’s ours too. Using long-standing international relationships with banks, we aggressively seek out the best exchange rates and pass the savings on to you. Banks bury their margins in volatile currency markets. We don’t.
You need transactions to be easy. Spot trades let you get the currencies you need, when and where you need them. Move funds easily to and from your Questrade account using electronic fund transfers (EFTs), wire transfers, or bank drafts.
You need to focus on managing your business. Forward contracts let you lock in rates for up to a year to protect your margins. This frees you up to manage your business instead of reacting to currency volatility. Limit orders and OTC options let you manage currency risk and make your money work harder for you.
You need customized services. Our account managers can tailor currency and risk management strategies to fit your business.
You need control. Book rates over the phone with one of our account managers, or use our currency exchange platforms to manage your orders yourself.
You need reliability. Questrade is a member of the Investment Regulatory Organization of Canada (IIROC), and a member of the Canadian Investor Protection Fund (CIPF).