Gain Capital Holdings, Inc. is launching a new online trading service in Australia under its Forex.com brand.
The company received approval from the Australian Securities and Investment Commission (ASIC) to offer the Forex.com's trading platform and services to clients in Australia, New Zealand and the wider Asia Pacific region. Forex.com has opened an office in Sydney to provide local customer support and service. The launch of the company's operations in Australia joins the existing offices in the U.S., U.K., Hong Kong, Japan and Korea, extending the company's global reach to six countries.
Commenting in the release, Glenn Stevens, chief executive officer of GAIN Capital commented, "Launching operations in Australia is part of a long term strategic goal to service our clients locally wherever possible. GAIN Capital has a growing global footprint and we believe our Forex.com service will be well received by traders in Australia and New Zealand who are looking for a well capitalized firm that offers premium trading tools and research, competitive pricing and, of course, a solid reputation."
FX trading now accounts for up to 25 percent of trade volume amongst some providers in the Australian CFC (contracts for difference) market— a market that has until recently been dominated by equity trading, according to independent research firm Investment Trends, cited in the release.
Investors in the region will be able to trade in the world's major currencies, including the Australiand dollar, New Zealand dollar, U.S. dollar, Euro and British pound as well as gold, silver and oil CFD contracts.
Customers will also be able to access the company's full suite of trading tools and services, including: Real time forex news from Dow Jones, expert research and trading ideas from global research team of technical and fundamental analysts; free educational resources, including online guides, courses, Webinars and more, and local funding options and account services such as Australian dollar and New Zealand dollar denominated trading accounts.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio