Users can initiate a new trade on Monex Pay by entering the buy and sell currency pair and fixed side in the ‘Quick trade’ section on the Dashboard.
Requires user role ‘User can instruct trades through Monex Pay'.
Choose the value date of the trade.
Monex Pay supports SPOT (T+2) and forward trading.
A live exchange rate will be displayed alongside the exact figures of the exchange, the user will have a countdown timer to accept the rate
If the timer expires the user can select the Refresh Rate button to receive a new and potentially different rate.
The user can select the Confirm Trade button within the specified time in order to secure the rate and create the trade.
Once confirmed, the details of the trade will be displayed on-screen and a Contract Note will be sent containing trade and settlement details
If a default delivery account is designated for the bought currency it will be indicated on-screen. If not, the onward payment can be instructed.
*Please note, the rates shown above are for illustration purposes.
MONEX PAY SUPPORT
Tel: +44 (0) 203 650 6400 Email: support@monexpay.com