Online Foreign Exchange Trading Pioneer, GAIN Capital, Launches FOREX.com in the UK
Self-Directed Retail Investors Now Have Access to Premium Trading Tools, Research and Sophisticated Order Management on Award-Winning FX Platform
LONDON and NEW YORK, May 4 /PRNewswire/ -- GAIN Capital Holdings Inc., pioneer of online foreign exchange (forex) trading, today launched FOREX.com, its market-leading online currency trading service, in the UK and Europe.
FOREX.com's user-friendly service enables customers to trade the world's major currencies, including the British Pound, Euro and U.S. Dollar, as well as gold and silver, 24 hours a day, five days a week.
Glenn Stevens, CEO, GAIN Capital, comments: "Forex is a trader's market, and retail investors around the world are increasingly aware of all this market has to offer. FOREX.com has established a strong leadership position in the United States and we believe our service will be well-received by traders in the UK and European markets looking for a well-capitalized firm that offers premium trading tools and research, competitive pricing and, of course, a solid reputation."
Matthew Wright, Regional Director, FOREX.com UK, adds: "As a result of the financial crisis, retail investors have lost faith in the stock markets and are unhappy with low interest rates on savings. In lieu of traditional investments, research shows retail investors are increasingly looking at alternative asset classes such as forex as an opportunity to generate positive returns."
Forex is the most traded market in the world, with a daily volume that exceeds $3.2 trillion, according to the Bank for International Settlements (BIS). Forex trading is one of the fastest growing areas of trading among retail investors, according to Aite Group, an independent financial services research firm. By the end of 2007, average daily trade volume in the retail forex market reached $77 billion, an increase of 670% over 2001. Aite Group estimates retail forex daily trading volume will reach $110 billion by 2009 (1).
FOREX.com's award-winning margin trading platform provides streaming executable quotes in 37 currency pairs, advanced charting and technical analysis tools and sophisticated order management. Traders also receive expert market commentary and analysis from the FOREX.com research team, including intraday, daily and weekly research reports covering both fundamental and technical market trends.
Prospective traders are invited to register online at www.forex.com/uk for a free pounds sterling 50,000 practice account to evaluate the FOREX.com platform and test currency trading strategies in a risk-free environment.
(1) Source: Aite Group, Retail FX: Taking Center in Overall Market Growth
About GAIN Capital
GAIN Capital is a market leader in the rapidly growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume of nearly $200 billion per month with its customers and counterparties.
The company operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition, GAIN Capital provides execution, clearing, custody, and technology products and services, supporting over 50 correspondent and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms around the globe.
With offices in New York City, Bedminster, New Jersey, London and Tokyo, GAIN Capital Holdings and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the US, the Financial Services Authority (FSA) in the United Kingdom, and the Financial Services Authority (FSA) in Japan.
For more company information, visit www.forex.com/uk
SOURCE: GAIN Capital Holdings Inc.
Web site: http://www.forex.com/