- The market is monitored on your behalf for your desired exchange rate and your order is automatically processed if the market reaches your desired rate.
- There is no obligation to make a purchase if the market does not reach your desired rate.
With a Standing Order, Forex Israel monitors the market for you and if the market reaches your desired rate, your order is automatically processed. This enables you to capitalize on favorable exchange rates when you are unable to personally monitor the market and initiate a transaction. You can also cancel the Standing Order if it has not already been executed should your currency needs change.
This service is provided free of charge to all Forex Israel clients.