How It Works
Your relationship with SGM-FX is not easy to define, our independence allows for great flexibility in the way we manage your account. Put simply, our service will be tailored to the needs of you or your business, so will differ slightly from client to client.
- Open an account. You can register as a corporate or private client.
- Discuss your requirements with your Personal Account Manager. Your account manager will be in contact with you throughout the transaction to offer as much help and guidance as you should require; both prior to booking your rate and once the deal is complete.
- Agree the rate of exchange over the phone or via email.
- Transfer your funds across SGM-FX’s client account. Once a rate has been agreed, both you and SGM are legally bound in a foreign exchange transaction. Your account manager will send you a Confirmation Purchase Note summarising the trade and detailing the HSBC client account where you need to instruct your bank to transfer the funds.
- SGM-FX receives your funds, converts them and transfers your currency out. Depending on the currency and time at which we receive your payment, your funds will either be paid for same day or next day value.
We believe in long lasting relationships and by working together and helping us understand your requirements, we will be able to contact you at relevant times with relevant exchange rates and market news.