RationalFX says its customers will receive competitive commercial exchange rates which are better than the tourist rates offered by high street banks. eTrade may help both private individuals and businesses save money whether buying a property overseas, emigrating, paying tuition fees for studying abroad, making business payments for imports or paying salaries abroad.

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

All transactions are confirmed by email and eTrade users can also keep track of their active and historical currency transactions online, which the firm says is ideal for accounting purposes.