de | cn | ru

Brokers News

2013 in Review:

The year was truly transformational for, the US Forex broker that has securities giant GAIN Capital behind its back. We saw a takeover bid by rival FXCM, the purchase of GFT, issuance of convertible notes, rising volumes and share prices, and even a sponsorship deal with a football club. But let's set things in order and take a deeper look at what happened to the leading Forex brokerage in 2013.


For openers, it was in March that we learnt of the content of the so-called 10-k report of – not only we got to know the details of its performance in 2012, but we also noticed that it had voluntarily registered as a swap dealer. This turned out to be a very important move, with tens of other companies following the example set by the broker. 


Then came April and the mergers and acquisitions saga started. First off, FXCM launched a bid to take over GAIN Capital for $210.4 million, just to see the bid turned down a couple of weeks later as a proposal that is “undervaluing GAIN”. Instead of surrendering into the arms of FXCM, GAIN decided to acquire GFT – an institutional trading business, with the deal successfully completed on September 24th


The broker did not only have an image of an acquirer this year – GAIN also divested some assets, including its subsidiary GAIN Securities which was sold (in an all-cash deal) to TradeKing. 

However, GAIN looks forward to beefing up its commissions business and plans more acquisitions in this segment, so we should not dismiss the acquirer image just yet. The determination of the company to pursue with this strategy was underlined in November, with GAIN issuing convertible notes whose overall value ended up at $80 million. As we reported, the bulk of the proceeds would be used to fund acquisitions.


One more thing that would remember about 2013 is a number of very robust readings when it comes to performance. For instance, in the second quarter of the year the company saw its net revenues surge 59.7% against the respective period a year ago to $73 million, a record level.


And while many may think that the broker already offers all sorts of trading platforms, it proved us wrong and added one more to the lineup in September. became the exclusive provider of Forex trading on tradable, the app-store like platform, in the United States. 


Meanwhile, the broker reached out to sports fans and in July announced a sponsorship deal with Manchester City FC in July. Well, it's a multi-facet business and has shown a different side.


The pro-sports deal came amid a rough patch for many US Forex brokers as the regulators implemented new rules for capital of futures commission merchants that came into effect on June 30, 2013. However, the requirement for a minimal capital of $20 million did not present a problem for and it even managed to shine amid its US rivals in the following months in terms of retail assets under custody.


Operating metrics were also robust throughout the year, with trading volumes rising steadily and thus underlining the wise corporate strategy of the broker. We expect further progress in acquisitions and in operating metrics in the coming year!

TAGS: broker  us forex broker  gain capital 2013  2013 in review  forex acquisitions  forex trading  forex performance  gft  tradable 

More news about

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

More Forex Brokers News

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

de | cn | ru