Your vendors are in one country, manufacturers in several others, and your buyers are located in markets around the world. Now, your money can work harder and smarter. Foreign currency transactions are an essential part of running a successful global business. With Questrade Currency Exchange, you can streamline your currency exchange operations – saving money on all your currency transactions.
Questrade and currency exchange
As an established, reputable, and Canadian financial services firm, Questrade has long-standing relationships with banks internationally. These relationships allow us to get the best currency exchange rates in Canada and the industry. Questrade Currency Exchange passes these savings on to your business.
Currency exchange tools and services
- Currency exchange: aggressive rates give you the tightest FX spreads available.
- Spot trades: get the currencies you need, when and where your business needs them.
- International global payments and receivables: deliver (and receive) funds to and from suppliers around the world.
- Overnight limit orders: ensure that your foreign exchange orders are always working for your business, 24 hours a day, five days a week.
- Live QDEX: a trading platform that allows for instant and stable foreign currency rate dealing.
Institutional financial services
- FIX API: we can deliver live foreign currency prices in real-time directly into the application software your business uses.
- Efficient straight through process (STP): capture electronically and process transactions in one pass, from initiation to final settlement. This will enable you to lower cost and reduce settlement risk.
- Flexibility: we can work together on a business process arrangement and implement a comprehensive process tailored specifically to your business needs.
Strategies to improve your business operations
- Forward contracts: protect your profit margins for up to one year by locking-in an exchange rate for your foreign currency payables and receivables.
- FX currency options: ensure that your business continues to profit no matter how the foreign currency market fluctuates.
- A personal relationship manager who will consult with you on your currency needs, and recommend the best risk management strategies for your business.
Moving your funds to and from Questrade currency exchange is simple and easy – choose between EFTs (electronic fund transfers), bank drafts, or wire transfers. Your money can work harder for your business. Contact a Questrade currency exchange specialist at 1.866.980.9591 or click on the OPEN AN ACCOUNT button to register with us.
