OFX Limit Orders allow you to automatically convert currency once a specific target exchange rate is met, giving you control over your FX transactions without needing to monitor the market constantly. You set your desired rate, and when the market reaches it, OFX processes and confirms the exchange. 

Your transfer will be completed at the target rate; however, the exchange rate could continue to move above or below your target rate. The market may never reach your desired rate and in some instances you could have achieved a better rate of exchange than your target rate.

Limit Order currencies

Our Limit Orders allow you to set your targeted rates across 10+ currencies on the platform. You can also create multiple Limit Orders across different currency pairs or amounts simultaneously.

Available currencies: AED, AUD, CAD, CHF, CZK, EUR, GBP, JPY, MXN, NZD, PLN, SGD and USD.
More currencies will be made available soon.

Next steps: When setting up a Limit Order, it’s important to make sure it fits your business needs and cashflow plans. Think about target rate, market conditions, order size, currency pair, timing, cashflow, and risk management. 

Limit Orders work best when they’re part of a broader FX strategy. They don’t require a deposit or advance payment. There are no additional fees beyond your usual FX transaction charges. 

Related FAQ Articles:

• How do I create a Limit Order?