Gain Capital launches Forex.com in Japan
Gain Capital Holdings, Inc. (GAIN Capital), a global provider of online trading services, today announced the launch of Forex.com, its award-winning margin foreign exchange (FOREX or FX) trading service, in Japan.
“Japan is a very important market for us. FX as an asset class is popular among Japanese investors and we believe that the retail FX market in Japan will continue to grow,” said Glenn Stevens, CEO of GAIN Capital. “While we have been operating in Japan for the past seven years through our white label partners, we are excited to finally have the opportunity to introduce our full capabilities to the Japanese market,” continued Mr. Stevens.
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Earlier this year, GAIN Capital announced it had acquired a majority interest in Japanese retail FX provider Fortune Capital Co. Ltd., a GAIN white label partner since 2002. The company was subsequently renamed GAIN Capital Japan and now offers FX trading services to Japanese retail investors under the FOREX.com brand name. GAIN Capital Japan maintains a Tier 1 securities license with Japan’s Financial Services Agency (FSA) and client funds are held in a separate trust bank account.
According to Japanese research firm Yano Research Institute, Ltd., retail FX trading volume in Japan increased an estimated 35% in the past year, from approximately 740 trillion yen in March 2008 to over one quadrillion yen in March 2009. In addition, the number of accounts was expected to reach 1.79 million up, 44.9% over the same time period.*
FOREX.com Japan features a fully localized version of its award-winning proprietary trading platform, FOREXTrader PRO, as well as the popular MetaTrader 4 platform. Competitive dealing spreads, quality execution, and premium trading tools, including advanced charting and daily and weekly research, along with mobile trading capabilities, enable retail investors to easily and informatively trade 37 of the world’s major currency pairs.
Wee Pin Tan, Managing Director of GAIN Capital Japan and founder of Fortune Capital, added, “Leveraging the resources and expertise of a well-capitalized, global company will enable our Tokyo-based team to deliver world-class products and services tailored specifically to the needs of the retail Japanese trader, while upholding GAIN’s high standards for reliability and customer service.”Gain Capital launches Forex.com in Japan