TradingView warns US customers of lack of integration with GAIN Capital for trading
The coming transition of FXCM US retail FX clients to GAIN Capital’s Forex.com brings uncertainty for some services.
Financial visualization platform TradingView seems to be caught a bit off-guard by the latest developments around FXCM Inc (NASDAQ:FXCM), which will later this week see its US retail FX client accounts transferred to Forex.com, the retail FX division of Gain Capital Holdings Inc (NYSE:GCAP).
FinanceFeeds has already informed its readers of the key procedural steps of the transition, as well as of the switch from a particular FXCM service to another Forex.com service. And yet, uncertainties remain, as some companies have to establish connections with a new partner and see how an eventual collaboration will work.
TradingView has informed the users of its services, in particular traders based in the United States, of the coming transition of FXCM US clients to Forex.com. TradingView notes that currently it has a technical integration with FXCM for trading, but does not yet have one with Gain.
On the brighter side, TradingView adds that it is working on enabling such a technical connection as early as possible. The company promises to post updates in its blog regarding the availability.
Trading through FXCM went live on TradingView in August 2016. Effective August 15th, FXCM СFD data became available only to FXCM account holders. Back then, TradingView explained that the situation was due to a request by FXCM and that it could not change it.
Forex.com has specified on its website that FXCM US clients using the Trading Station platform will be transferred to its FOREXTrader platform, whereas MT4 users will be able to continue trading on MT4 with Forex.com but will have to install a new version of the terminal. NinjaTrader has also set up a dedicated FAQ page on its website, advising on the coming transition of US client accounts from FXCM to GAIN Capital’s Forex.com.
The latest announcements from FXCM Inc include a pending change to its name to the humble “Global Brokerage Inc” and some major reshuffle to the board of directors.