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Stop Loss Orders

One of the services we offer is Stop Loss Orders which provides protection against adverse currency fluctuations. Foreign exchange Orders are usually placed at major 'Support' or 'Resistance' levels, which if broken, may lead to a rapid fall or rise in the value of the currency. By placing a stop loss order with TransGlobal, if your target rate is triggered your exchange rate rate is therefore guaranteed not to drop or rise to an uneconomical level.

When you specify the minimum rate you need to achieve, the stop loss order will automatically ensure that your currency is purchased or sold if the exchange rate falls unexpectedly. This allows you to hold out for a better exchange rate while protecting yourself against a sudden fall in the market.

For further information please call us on 0844 815 3240, email us at customerfirst@transglobalpayments.com or alternatively submit an enquiry.