4X Currency launches ground-breaking new online currency exchange service for personal finance market

  • Real-time currency exchange system allows any individual to purchase and transfer foreign currency at the lowest rates
  • Users trade directly into inter-bank market for best rates and save up to 80 per cent of the costs of dealing with the bank

Brighton, UK - Tuesday 7 November, 2006 - 4X Currency, the UK's leading online foreign currency exchange organisation, has launched its new 4X Dealer™ currency exchange platform for the personal finance market. For the first time, the platform allows any individual, such as those looking to purchase or make deposits on foreign property, to instantly purchase and transfer foreign currency through a simple on-screen display on any figure over £1,000. 4X Dealer™ completely bypasses the need for third-party dealers or foreign bank accounts, and provides the best exchange rates in the market - saving the user up to 80 per cent of the costs of dealing with the bank. The software provides the user with live market rates to the desktop via a tick-by-tick interface.

The open-access FX platform enables the user to instantly make key currency transfers anywhere in the world without the need for long, costly phone-calls to banks. The user simply sets up a free online account on 4X Currency’s secure website, then logs in whenever they wish to view exchange rates or make a transaction.

"4X Dealer™ can be used for a multitude of personal finance purposes - one-off large payments, deposits, staged payments, repatriation or mortgage and pension payments," commented 4X Currency's Director, Helen Scott. "It's the perfect solution if you've found your dream house abroad and you need to buy foreign currency at the best rate you can. If you need a quick deposit to secure the property, the money is directly at your disposal - at a better rate than the bank can offer. Once you have registered with us, you can log onto the system and buy currency at live rates whenever, and as often as, you like."

The 4X Dealer™ platform bypasses foreign bank charges, which are sometimes levied in countries such as Spain for example, on cross-border transactions. This is possible as the service can channel currency dealings through accounts based in the destination country.

The new platform has been designed to offer comprehensive security to its clients. 4X Currency is a registered overseas money provider with HM Revenue and Customs and is the only currency dealer to be endorsed by one of the world’s largest international banks ABN Amro Bank.
For more information, visit www.4xcc.com

About 4X Currency:
4X Currency is the UK's leading online provider of foreign currency exchange services. 4X Currency deals in large volumes at wholesale rates with major City institutions, meaning it can offer the best exchange rates available. It is the first company in the world to offer live online foreign exchange rates to individuals, taking in up to half a million real-time exchange rates a day from the London market.

4X Currency is the only currency company in the world to be endorsed by ABN, and ii is also registered with HM Revenue and Customs as an overseas money provider. They are also a full member of, and sit on the Board of, the UK Money Transmitters Association.

For more information visit www.4xcurrency.com

Note to Editors:
Click here to view live market rates

For more information please contact:
Louise Sambells
Targetwire PressOffice
Tel: 01780 721433
Email: lsambells@targetwire.com

Helen Scott
Director
Tel: 01273 203311
Email: helen.scott@4Xcurrenct.com 
 
 

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