Once you decide to trade securities on a stock exchange using a different currency than the one you have on your trading account, for settlement purposes Fio can exchange these funds for the required currency.
Now more favourable rates for larger amounts. When converting requested amount, a client is immediately provided with the requested currency and amount for trading while the original currency is deducted from the client's account. Clients can take advantage of the current and often better foreign exchange rates between 9: New exchange rates are always up to date and may be much better than previously offered foreign exchange buy and sell rates.
Clients will appreciate the speed of the transaction and the elimination of the risk of theft or counterfeit bills which have entered into the foreign exchange stream from another bank's branch, an exchange office or otherwise unlicensed foreign exchange trader.
The foreign exchange buy and foreign exchange sell rates are used without any additional fees. If a client is interested in converting an exact amount to settle a trade, the order to buy the security is entered in the amount necessary to settle the trade.
The conversion occurs when the securities are actually purchased and on the date the trade is settled regularly 2 to 3 days after the order is settled depending on the rules for the given stock exchange. When selling securities, the client can enter the currency into which the sold amount will be converted on the settlement date. The client's trading account will be credited with the funds in the requested currency.
Foreign exchange orders can be submitted electronically using the e-Broker application, in person or over the phone. All displayed rates are in CZK. For other currency pairs supported by Fio banka, a.
Fio is a czech bank focused on investments in securities and providing general banking services free of charge! Foreign Exchange Once you decide to trade securities on a stock exchange using a different currency than the one you have on your trading account, for settlement purposes Fio can exchange these funds for the required currency.