More than nine months after first announcing the plans, Retail forex broker Gain Capital Holdings, Inc. (NYSE:GCAP) has finally announced the Beta launch of ForeignExchange.com, its new international money transfer service, in the UK market.
LeapRate initially reported on the planned launch of ForeignExchange.com, as indicated above, in February. Earlier this month Gain Capital had a small shakeup in senior management, moving COO Jeff Scott over to run ForeignExchange.com. Scott had been COO of Gain Capital for more than five years.
At ForeignExchange.com, customers can transfer money in 26 currency pairs to over 200 countries. 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 £5000 automatically expedited for no additional fee.
Emmanuelle Johaadien, COO at ForeignExchange.com, commented:
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.
We understand that ForeignExchange.com will initially launch in the UK, and will then be taken to other jurisdictions.