As FXCM US clients move to Forex.com, TradingView’s advanced charting becomes available on FOREXTrader.
The team of Forex.com, the retail FX division of Gain Capital Holdings Inc (NYSE:GCAP) is likely to enjoy a couple of hectic days, as it works on the transfer of FXCM US client accounts, following a deal agreed on February 7, 2017.
After the situation around the transfer of accounts from Trading Station, MT4 and NinjaTrader platforms has become pretty much clear, GAIN’s Forex.com has now published an announcement about NEW Advanced Charting. The service is brought by TradingView, the financial visualization platform which earlier this week warned its customers of the transition from FXCM to Forex.com and has assured them that it will work to establish a connection with GAIN. Apparently, the efforts have led to a team-up.
Forex.com’s (US) website says the FOREXTrader suite is offering advanced charts through TradingView, a charting resource that is popular among active traders. TradingView’s advanced charting provides a flexible user interface and includes a vast array of line drawing tools, more than 50 customizable indicators, and advanced candlesticks including Heikin Ashi.
GAIN Capital entered into a definitive agreement to take over FXCM’s US retail FX clients on February 7, 2017, with no upfront payment having been made, but the value of the deal instead depending on the trading activity of the newly acquired customers. Under the terms of its agreement with FXCM, GAIN Capital will pay $500 for each transferred client account that executes at least one new trade during the first 76 calendars days of the 153-day period after the closure of the purchase agreement. The sum is $250 for an account if at least one new trade is executed during the period from the 77th day through the 153rd day.
Meanwhile, FXCM Inc has announced a pending change to its name – effective at market opening on February 27, 2017, the company’s name is poised to become Global Brokerage, Inc. and the trading ticker symbol is set to change to “GLBR”.