The operator of Forex.com - GAIN Capital (NYSE: GCAP) - announced a new type of premium account on Monday. Designed for high-volume traders the new premium account will offer spreads as low as 0.7 pips on EUR/USD, personalized support, priority service and no account fees on the FOREXTrader Platform.
The new account, called Active Trader, is now available to clients with a minimum balance of $20,000 in the U.S. and Canada and will be rolled out globally over the following months.
In fact, there are several levels of spread discount, depending on the client’s trading volume:
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The new Active trader account is added to Forex.com’s offering, which currently includes Mini, Standard and Premium account types. The Premium account is accessible with a deposit of $10 000 and offers variable spread averaged 1.5 pips on EUR/USD.
"We recognize the unique needs of high volume FX traders and challenged ourselves to develop a service that offered a rewarding trading experience," commented Samantha Roady, President of Retail at GAIN Capital. "The Active Trader account delivers that through value pricing, unique trader services and high touch, personalized support," she added.
Earlier this month major forex brokerage Gain Capital reported key financial metrics for Q1 – Q3 of 2106 and for October alone. As a result, its stock price increased by more than 10%.
Gain Capital Group was established in 2003 and operates under the trading brands Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia Pacific regions. The broker offers trading in forex, commodities, and global equities on a selection of trading platforms, including FOREXTrader, MetaTrader 4, Tradable & GTX.