Compass Markets-Overview of Transfer Types & Rates

Who is Compass Markets？

Compass Markets specializes in International Money Transfer for both major currency and minors, including USD, AUD, GBP, JPY, SGD as well as PLN, QAR, etc. Compass Markets currently holds a MM license authorized by ASIC in Australia, allowing it provide general advice to both wholesale and retail clients in foreign exchange contracts, derivatives as well as non-cash payments products.

Types of Transfer

There are four types of transfer clients can make with Compass Global Markets in total. One-off transfers.(Make a one-time transfer); Limit orders (Compass will monitor the market, and when your desired rate hits, Compass will make the transaction on your behalf); Currency receipts (Compass Global Markets also provides foreign currency receipts where they can convert your foreign currency receipts into the currency of your choice); Hedging capabilities (Apart from access to the FX and commodity markets through their trading platform, Compass Global Markets also provides hedging capabilities for small business and foreign exchange payments solutions and the ability for people to invest their money with an experienced fund manager).

Exchange Rate

The rate offered may depend on a number of factors, including transaction size, term of the products, business relationship, the market rates and the differing interest rates applicable to the currency pair involved in the transaction. And the details of fees and costs will be disclosed when clients enters into a transaction. Moreover, Compass Markets does not accepts checks, only EFT transfers.