FXCM Japan has stopped offering gold and indices CFDs to retail customers, including companies and individuals. Effective Monday, September 29, CFD trading is available only to professional clients like financial instruments business operators, registered with FSA Japan. Retail traders are able to close their open positions, without being able to open new ones.
Apparently the announced change in FXCM Japan offering is part of large-scale restructuring of FXCM's CFD business. The company is preparing to launch stock CFDs trading for its clients outside US and Japan and last week invited interested traders to register on dedicated waiting list. Single share CFDs will be available on both most popular platforms of FXCM - Trading Station and MT4, and will enable broker's clients to trade large-cap shares with low-minimum investments.
Last month another retail forex behemoth announced that will restructure its Japanese business. As of today US-headquartered forex broker Gain Capital
renames its Japanese subsidiary to GAIN Capital Japan and concentrate on its institutional business conducted through the GTX trading platform.