Asian entrepreneur launches the UK’s first online foreign exchange service
30 July 2006

RationalFX, an independent foreign exchange company has launched the UK’s first ever delivery based online foreign exchange service www.rationalfxonline.com. The service, eTrade, allows customers can buy and sell foreign currency in ‘real time’ using the online trading facility, which offers "competitive commercial exchange rates."

Rajesh Agrawal, CEO of RationalFX comments, “We are very proud to launch eTrade, it is something we have been developing for a while with our partners in India and are delighted to be the first UK company to offer this kind of online trading facility. Our customers can log on and know they will get competitive commercial rates that are better than the tourist rates which the high street banks offer.
We all deal with foreign exchange more than we think we do and are directly affected by the exchange rate that we get," he points out.

Customers can open an account free and get free international wire transfers. An eTrade account can be opened within 24 hours of registration, both private and business users alike will have access to a number of online trading options such as spot trade, forward trade, draw down (on a forward trade) and bid (also known as a limit order).