GAIN Capital Holdings has held the beta launch of ForeignExchange.com, an international money transfer service, in the UK market.
ForeignExchange.com is designed to meet the growing need for cheaper, easier and trusted online services for international money transfers.
At ForeignExchange.com, customers can transfer money in 26 currency pairs to over 200 countries. It features competitive exchange rates and no transfer fees, for savings of up to 80 per cent when compared to prices typically offered by banks.
Transfers between European countries are usually received within one business day, and two business days for all other countries. Expedited transfers are also available, with all transfers above GBP5,000 automatically expedited for no additional fee.
Emmanuelle Johaadien, chief operating officer at ForeignExchange.com, says: "Our new international payment service allows customers to make significant savings on international money transfers. By leveraging GAIN Capital's deep experience in the global foreign exchange market and our cutting edge technology, ForeignExchange.com is able to offer highly competitive pricing along with a quick and easy to use service that will deliver real value to customers."