Gain Capital - Forex Broker Review

Have you used this broker? Send us your review and be featured on this website!

Gain Capital Overview

Gain Capital is a registered member of the National Futures Association (NFA) and is regulated by the Commodity Futures Trading Commission. It was established in 1999 and has become one of the biggest institutional forex brokers in the world. Its related company Forex.com was established to cater for its growing retail based clientele.

Over the years, this broker has won numerous accolades as a forex broker including placing 41st in the Inc.5000 fastest growing private companies in the financial sector, 14th in the Deloitte Technology Fast 50 in the New Jersey area and other accolades.

In 2000 it pioneered the ‘one click” dealing from streaming quotes and their platform FOREXTrader continues to win awards for its ease of use and flexibility. They claim to transact over $200 billion per month using their platform making them one of the most liquid forex brokers.

The platform provided has real time pricing in 37 currency pairs with 8 different order types. It is available in 4 different ways:

• FOREXTrader – A downloadable windows based platform

• FOREXTrader.java – A java based platform that is used on the web that is both windows and Mac compliant

• FOREXTrader web – Access to your account from any computer with internet access if you are away from your desktop

• FOREXTrader wireless – Access to your account through a data enabled device like a wireless phone or PDA.

Clients also gain free access to their charting program through either FOREXTrader Charts or ForexCharts by eSignal. These charts feature some 30 different technical indicators as well as forex data. For the more experienced forex traders, eSignal for Gain Charts allow the trader to execute their trades using eSignal charting packages.

The Pros:

1. Stable Company

Though this broker has had to pay fines to the NFA due to various regulatory rules, they are still one of the stable forex brokers in the world. With assets that dwarf other forex brokers, Gain Capital has established itself as one of the best forex brokers.

2. Automated Forex Trading

Automated forex trading has become one of the most sought after attributes in a forex broker. As one of the pioneers in automated forex trading, Gain Capital supports fully automated trade execution. They have established an active automated forex trading forum that has a wealth of information.

Some of the partners include Ninja Trader, Strategy Runner and Advanz Auto4XT. You can place your automated trades using the Tradestation platform with Gain Forex as your broker.

The Cons:

1. Many NFA Complaints

Both Gain Capital and its subsidiary Forex.com have had numerous complaints against them processed by the NFA. They have had to pay fines for some of these complaints. Most of the complaints are related to non-disclosure of the risks inherent to trading in forex.

2. Lack of Information

For a forex broker that has been in existence since 1999, there is a lack of information from users or previous users of Gain Capital. Most of the information about the company is very old making any indication about their reliability difficult.

On the other hand, considering the number of complaints leveled against its competitors, it might actually be a good thing. As they say, no news is good news.

As with all other brokers, take the time to research on them before making any decisions. Do not rely heavily on forex forums as some of the information can be misleading. Visit the NFA website and find out more about your forex broker before making any investment decisions.



Top of: Gain Capital Forex Broker Review Page

Back to: Forex Brokers Page

Back to: Forex Trading Domain Homepage