Forex.com is a well-known online forex trading platform that provides its users with access to global financial markets. The platform has been in existence since 2001 and has grown to become one of the most popular trading platforms in the world. While many people use forex.com to trade forex, stocks, and other financial instruments, very few understand who owns the platform.
Forex.com is owned by Gain Capital Holdings Inc., a publicly-traded company that is headquartered in Bedminster, New Jersey. Gain Capital was founded in 1999 by Mark Galant, who is a seasoned veteran in the financial industry. Galant was previously the CEO of CrossBorder Capital, a company that provided foreign exchange research and trading services to institutional clients.
Gain Capital has grown to become a leading provider of online trading services, with over 100,000 active clients worldwide. The company offers forex and CFD trading on over 12,500 markets, including shares, indices, commodities, and cryptocurrencies. Gain Capital also operates the City Index brand, which provides spread betting, CFD, and forex trading services in the UK.
Gain Capital went public in 2010, listing its shares on the New York Stock Exchange (NYSE) under the ticker symbol GCAP. The IPO was a significant milestone for the company, as it raised $81.3 million in capital, which it used to expand its operations and acquire other companies in the financial industry.
In 2016, Gain Capital acquired City Index for $118 million, which allowed it to expand its reach in the UK market. The acquisition also gave Gain Capital access to City Index’s proprietary trading platform, which it integrated into forex.com to provide users with a more comprehensive trading experience.
Today, Gain Capital is one of the largest forex brokers in the world, with offices in the US, UK, Australia, China, and Singapore. The company has over 1,500 employees and generates annual revenues of over $350 million. Gain Capital’s success can be attributed to its commitment to providing its clients with innovative trading tools and excellent customer service.
In conclusion, Gain Capital Holdings Inc. owns forex.com, one of the most popular online forex trading platforms in the world. The company has grown to become a leading provider of online trading services, with over 100,000 active clients worldwide. Gain Capital’s success can be attributed to its commitment to providing its clients with innovative trading tools and excellent customer service.
