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Low Commissions for Ex-PFG Best Customers on Open E Cry

Nov 02 2012
By
Forexbrokerz.com

In August this year Gain Capital, the company whose main brand is Forex.com, completed the acquisition of the Open E Cry (OEC) online futures platform. It seems that Gain Capital is doing its best to “freshen up” OEC and as part of that effort, the platform welcomes former PFG Best clients with a great marketing offer: more than 60% discount on commission rates. 

 
PFG Best was one of the two major US brokers that declared bankruptcy during the past year; the broker’s customers got their assets frozen and it is still unclear whether they will ever see their money back. A special committee at the US Commodity Futures Trading Commission (CFTC) is working on figuring out an amicable solution, yet no solution has been offered to those who got burnt in the PFG Best fiasco. 
 
And just when it seems that nobody cares about the ex PFG Best traders, OEC comes with this inviting offer. Any former customer of PFG Best who opens an OEC account and makes a deposit by November 16, 2012, will be trading with a commission of $0.49 per side plus the additional fees by June 2013. After that, they will have to pay the broker’s standard futures commission rates (per side & contract): 
Open E Cry's standard futures commissions
 
OEC is not the first broker to run such a promotion. When Dukascopy SA withdrew from the U.S. market in July 2011, it got into white label partnerships with Alpari US and FXDD. Both brokers began offering Dukascopy’s jForex platform and welcomed former Dukascopy clients with special offers: 5% bonus on FXDD, and no-commission trading at Alpari. 
 

About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.
 
A pioneer in online forex trading, GAIN Capital operates FOREX.com, one of the largest and best-known brands in the retail forex industry. GAIN's other businesses include GAIN GTX, a fully independent FX ECNfor hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
 
GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing and Seoul. For company information, visit www.gaincapital.com.
 

About Open E Cry

Open E Cry, based in Powell, OH, is an innovative futures broker offering direct access futures trading through its proprietary software platform, OEC Trader. In addition to futures, OEC clients can also trade forex, options and equities all through the OEC Trader platform. For additional company information, visit www.openecry.com.
TAGS: Open E Cry  Forex.com  Gain Capital  online futures trading  forex trading  promotion  commission discount 

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