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Rate.am and IDBank Launch an Online Platform for Currency Trading at the Best Market Rates

The popular platform Rate.am and IDBank announce the launch of a new digital service designed for fast, convenient, and profitable currency exchange — the Rate.Trading platform. This advanced solution enables both individuals and legal entities to securely conduct online transactions using the most competitive market rates, formed based on supply and demand from platform participants.

At this stage, the platform supports transactions with nine of the most in-demand currencies on the market: Armenian dram (AMD), US dollar (USD), euro (EUR), Russian ruble (RUB), UAE dirham (AED), British pound sterling (GBP), Chinese yuan (CNY), Japanese yen (JPY), and Swiss franc (CHF). The commission is 0.3% of the transaction amount.

Rate.Trading offers two types of transactions:

  • Market Price – the user buys or sells instantly at the most favorable rate available on the platform.
  • Fixed Price – the user can set their own desired rate for the transaction. To complete a deal or set a fixed price, the trading account must have a sufficient balance in the currency being sold.

These options provide users with maximum flexibility and control over exchange rates and transaction amounts. All buy and sell operations are carried out by IDBank.

To use the platform, users must register on Rate.Trading and synchronize their accounts with IDBank (the bank serves as the platform’s main servicing partner). Special multi-currency trading accounts linked to the user profile are also required to conduct transactions. These accounts are automatically opened at IDBank during synchronization, ensuring a high level of financial security and convenience.

With its simple interface, full digitalization of processes, and support from a leading digital bank, Rate.Trading becomes a convenient tool for those who seek the best exchange rates and value their time.

IDBANK IS REGULATED BY THE CBA