Before conducting a currency transaction with piagi FX you will need to complete a very simple and short registration process. For both personal and business clients this can be done online in just a few minutes by CLICKING HERE, or alternatively you can simply download the application form to get started. CLICK HERE
There is absolutely no cost involved when registering with piagi FX and you are not obligated whatsoever to conduct any transaction with us once you have registered.
Your dedicated personal FX specialist will discuss with you and identify with your currency requirements, suggest a product that suits your needs. Your personal FX specialist is there to inform you if the rate is moving in a beneficial or adverse direction so that you get the best possible deal.
Once both parties have accepted that the product and rate are suitable for your needs, the exchange rate is guaranteed and will not change. The foreign currency you have requested is officially dealt for you. Please note that an oral instruction given and acted upon is a verbal contract and is legally binding view our TERMS OF BUSINESS.
You will then immediately receive a written confirmation of the transaction which piagi FX has performed for you. This will show the type of product you have agreed to execute, the currency you have purchased and the exchange rate agreed. This needs to be completed with your destination banking instructions, signed and returned to us by fax or email within 24 hrs.
Once you have traded and received your trade confirmation you will need to debit your payment to piagi FX. Your trade confirmation will contain details of the relevant account you need to transfer your funds to which can be done by Bank Transfer (On-line or via a branch BACS which is a 3-5 day payment or CHAPS is same day depending on time of execution. For international payments please liaise with you bankers as these should be sent via SWIFT PAYMENT which is up to 2 day clearance.
Once you have transferred your funds in, your purchased currency is then ready to be sent out. These funds with be instructed to be credited to the destination banking details supplied by you on your Trade Confirmation. Depending on which currency we are transferring for you your funds will arrive same day, next day or within two working days as a maximum.
Should you be paying funds to an account on a regular basis, we have the facility to log standard instructions. These instructions will automatically be populated on your Trade Confirmation so you do not have to issue them again, saving you time.