GAIN Capital’s Japanese subsidiary officially welcomed on board its newly acquired clients from Japanese Forex company Planex Trade. The announcement comes roughly two months after the deal between the two companies came to fruition, with GAIN Capital’s Forex.com retail division taking over all FX customers of Planex Trade for an undisclosed sum.
To make the transition as smooth as possible for its new customers, GAIN Capital Japan introduced a specific page for former Planex Trade clients, which is intended to help them during the process of account transfer.
All ex-Planex Trade clients will be moved to the Dealbook platform operated by GAIN, which means that they will be able to trade with 131 currency pairs. The maximum leverage for the most popular ones (this group includes 27 pairs) will be 1:25 for individual traders and 1:50 for corporate customers. For the rest of the pairs, the leverage is up to 1:20 for both individual and institutional customers.
GAIN Capital assures its new clients that they will experience no changes in the trading system and offers them all possibilities to withdraw and deposit funds from the designated page. Moreover, easy access is enabled to the web version of DealBook for both demo and real accounts.
Meanwhile, Planex Trade has been gradually shutting down its online trading services, with Shisutore (Mirror Trader) and Planex Binary folded at the end of September 2014, with Gaitame due to follow suit shortly afterwards.
The acquisition of Planex Trade’s FX business by GAIN’s Japanese subsidiary happens as the subsidiary reshuffles its strategic priorities. The name of the business changed from Forex.com Japan to GAIN Capital Japan Co. on October 1st, as the company focuses on its GTX institutional offering.