WARREN, NJ, January 22, 2004 - GAIN Capital Group, a provider of foreign
exchange trading and asset management services, today announced the launch of
FOREX.com (www.forex.com), a new educational
and trading portal for retail investors. The site seeks to support the growing
number of new entrants to the Foreign Exchange (Forex) market, including
self-directed traders from other financial markets who are in need of increased
education and support services.
"Over the past several years, the Forex market has gone from being virtually
unknown to most retail investors into one that now attracts individual investors
worldwide, and of varied experience levels," commented Mark Galant, CEO and
Founder of GAIN Capital Group. "A new awareness that currency prices impact
entire financial markets, as well their own personal portfolios, has driven
individual investors to look at the profit opportunities offered by forex,"
continued Galant. "Our goal for FOREX.com is to provide a comprehensive resource
for individuals who are comfortable making their own investment decisions, but
have little or no experience trading foreign currencies."
The FOREX.com offering includes:
- A new browser-based trading
platform developed exclusively for FOREX.com - requires no download or
installation, eliminating the technology hurdle of lengthy, complicated software
installation.
- A protective margin policy - limits risk to funds on
deposit, guaranteeing against negative account balances.
- Extensive
learning section - includes educational content, access to training courses,
market research and more.
- Wireless trading capabilities - provides
traders with anytime, anywhere access to their accounts, crucial in the 24-hour
Forex market.
- A free 30-day demo account - allows traders to practice
in a live environment without putting capital at risk.
- Forex mini
accounts - allows traders to open an account with as little as $250 and control
up to 200x leverage.
"FOREX.com allows us to maintain the
professional-level offering at GAIN Capital, while at the same time, tailor our
product and service to the exact requirements of the retail market," said Mr.
Galant.
About GAIN Capital Group
GAIN Capital Group is the
premier independent provider of foreign exchange services, including
direct-access trading and asset management. Founded in 1999 by Wall Street
veterans, GAIN is now one of the largest, most respected firms in the industry,
servicing clients from more than 80 countries around the globe. Monthly
trade volume currently exceeds $35 billion per month.
The company's
flagship service, GAIN Capital (www.gaincapital.com) focuses on the needs
of professional forex traders, money managers and experienced forex day
traders.
FOREX.com (www.forex.com)
provides individual investors with little or no experience trading currencies
the resources they need to learn and grow. The robust product offering
includes a full service trading platform, lower account minimums and extensive
educational content.
For more information, please visit http://www.forex.com/forex_awards.html
