ICM.com Press Releases

April 1, 2012 - ICM Capital who have their headquarters in London and an administration office in Dubai has teamed up with foreign exchange and payments experts, The Currency Cloud, a new international payments automation service to launch a new partnership called ICMFXD. ICM Capital will utilise the innovative technology of The Currency Cloud as their selected partner to provide foreign exchange and payments services to ICM Capital clients.

ICM FXD is an independent foreign exchange broker that focuses on currency and international payments services for individuals who wish to take advantage of fluctuations in exchange rates when managing financial transfers across the world. Issa Abedi ICM Capital's company director explained that: "In this partnership emphasis has been placed on understanding clients needs when processing international money transfers at a time that suits them and in the most straightforward way possible."

He continued explaining:

"ICM FXD makes it easier and more beneficial for individuals to take advantage of fluctuations in exchange rates. By making the wrong decision regarding currency transfers people can end up losing more money than they need to. We have developed this partnership in order to reduce this risk."

Whether clients are buying or selling goods overseas, investing in property or deciding to make a permanent move abroad ICM FXD can reduce concern when transferring funds. Finding the best rate of exchange can have a major impact on the amount that is eventually received. Funds can be transferred within a few hours however it is advisable to allow 3 working days depending on the bank.

ICM FXD offers low overheads and offers clients a more competitive rate on currency transfers. A team of focused individuals are dedicated to being the contact point for any queries relating to foreign exchange or money transfers.

Mike Laven, CEO of The Currency Cloud, comments: "The methods currently being used are antiquated and expensive to all but the largest corporates and the banks. Our re-design of the industry business model delivers price transparency, risk management and ease of use."

It is possible to find out more information and to apply for an account by visiting www.icmfxd.com or alternatively downloading the online brochure. Further information can also be accessed by contacting ICM FXD via email support@icmfxd.com or via telephone at +44 207 488 7300.

About ICM FXD

ICM FXD's vision is to combine technology and traditional phone base services with competitive and transparent pricing to deliver on the promise of simple, cost effective, and customer friendly foreign exchange and international payments services for clients.

ICM FXD is an independent foreign exchange broker that focuses on currency and international payment services for private clients. Transacting foreign exchange and making international payments should be easy; clients should not need to become foreign exchange experts or traders just to avoid being taken advantage of by their brokers.

Further information can also be accessed by contacting ICM FXD via email support@icmfxd.com or via telephone at +44 207 488 7300.

About The Currency Cloud

www.thecurrencycloud.com

Established in 2009, and launched to market in 2012, The Currency Cloud is a cost-effective, transparent end-to-end currency FX payments automation service that is changing the face of the global foreign exchange payments industry. The platform was developed and built by an experienced team of foreign exchange traders, payments experts and technologists. The Currency Cloud is successfully live at more than 100 large and small customers, including remittance, corporate services, financial services, and e-wallet firms.

The Currency Cloud is backed by venture capital firms Anthemis Group and Atlas Ventures. The Currency Cloud is a trading name of the FX Capital Group and an affiliate of FX Capital Securities an FX Capital Group Company. FX Capital Securities ltd. is authorised by the Financial Services Authority (FRN 531019) for the provision of payment services as well as being licensed and regulated by HMRC as a Money Services Business (MSB) License Number 12272696. FX Capital Securities ltd. is also registered with the UK Data Protection Act - Registration Number Z1550331.

For further information about The Currency Cloud service, please contact us via email on info@thecurrencycloud.com.

This document is not and should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ICM Capital Ltd has based this document on information obtained from sources it believes to be reliable but which it has not independently verified. ICM Capital Ltd makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion herein are subject to change without notice.