In the world of Forex brokerage, Gain Capital is one of the largest brokerage firms for the market. This Gain Capital Review goes into detail about this strong company. It was founded in 1999 and has grown strongly over the years. It features among the most respected brokerage firms in the world and has traders in over 140 countries around the world. It is one of the most diverse companies in the market featuring not only professional traders but also individual traders as well as institutional traders. The focus mainly is on the individual trader.
Forex.com is one of Gain Capitals fully owned subsidiary companies. This can lead to confusion for traders especially new traders. The services offered on Forex.com will vary a bit from the Gain Capital site. Forex.com is more suited to individual traders. The discrepancy shows in the difference in the charges for accounts. Deposit minimum for institutional accounts for Gain are $100,000. Forex.com deposit minimum is $2,500 for new accounts and $500 will open a new mini account.
This illustrates the divide between the two sites. Spreads can also be a bit different. Variable spreads are offered by Gain.
Fractional spreads benefit the traders when it comes to pips. It also lowers transaction costs when a trader orders inside the spread. In comparison to Forex.com, for institutional traders there is a commission fee. A fee of $25 for every million traded in currency is across the board, no matter the currency pair traded. As far as software goes, there are four different software programs to take advantage of. A trader can choose between web, mobile, Windows and MT4. Each of these is different from the other and offer different features. These features are available for all traders in the market.
The Windows platform for example has all the information and functions that you would need to make informed decisions such as trading news and headlines, market research, charts and resources as well as all the order types. The Web based platform is a fully functioning trading software package that loads into a web browser. If you have internet access you can trade with this web based software. Wireless also adds to the convenience of trading and it allows the trader to trade from your mobile phone. A final choice is the ever popular MetaTrader4. This is the most popular trading platform for trading in Forex.
Software for MT4 includes order types, analytical tools, creation of trading strategies and automated trading. When it comes to new traders, a demo account is what should be sought after. A trading account with Gain Capital that is a demo is full of information and training so that the new trader can begin to trade in the market. Videos, webinars, workshops and training all are a part of a demo account. Our Gain Capital Review would not be complete without this final conclusion. Gain capital is one of the best in the business when it comes to a Forex brokerage firm. Competitive spreads, easy to use trading platform and high quality service makes Gain Capital a good choice.