Gain Capital Holdings, a provider of online trading services specializing in foreign exchange (FX) and contracts for difference (CFDs), has signed an agreement to acquire certain assets of MG Financial’s US operations.
As per the agreement, MG Financial will transfer approximately 4,000 customers to FOREX.com, the retail division of Gain Capital.
Gain Capital CEO Glenn Stevens said that MG Financial is one of the oldest and most recognized names in the retail forex industry and has built a solid reputation by providing excellent service to its customers.
“We will work closely with MG’s team to ensure a smooth transition for their customers, who will now have access to the robust offering available at FOREX.com, including our expanded product suite, competitive dealing spreads, and comprehensive suite of trading tools, research and educational resources,” Stevens said.