ForeignExchange.com

What ForeignExchange.com does

FOREX.com (ForeignExchange.com), operating as GAIN Capital Group LLC, is a US-licensed retail forex broker founded in 2001 and a wholly-owned subsidiary of the publicly traded StoneX Group Inc. (NASDAQ: SNEX). The firm holds the No. 1 US retail forex position by client assets per the CFTC's monthly Retail Forex Obligation reports and offers access to 80+ currency pairs across major, minor, and exotic markets, with global forex daily turnover of $9.6 trillion (BIS) as the addressable backdrop.

The company's core technology stack is a multi-platform trading architecture: a proprietary web and mobile trading platform (iOS/Android), MetaTrader 4 and MetaTrader 5 integrations enhanced with FX Blue (20+ apps and 9 expert advisors such as Sentiment Trader) and Reuters news, a TradingView integration providing 80+ indicators across 11 chart types, NinjaTrader, and an API trading interface for programmatic strategies. Execution quality — 99.99% of proprietary-platform trades executed in under 1 second, 100% successful execution, and 0.67-pip average price improvement per limit order (April–May 2026 disclosure) — is positioned as a proprietary technological differentiator.

The revenue model is transaction-based: spreads on Spread-Only accounts (EUR/USD from 1.2 pips typical) generate the bulk of revenue, while RAW Pricing accounts combine spreads as low as 0.0 with a $7 USD commission per $100k traded. A VIP program targeting high-volume traders (minimum $10k initial deposit, $50M monthly volume, or $25k daily balance) layers on a subscription-style revenue component — up to 4% APY interest on idle margin balances (capped at $5M) plus cash rebates of up to $10 per $1M traded, with over $5.4M paid out in 2025. Customer segments are retail forex traders (primary), active/high-volume VIPs, futures traders (cross-sold to StoneX Futures), and wealth management clients (cross-sold to StoneX Wealth Management).

Name

ForeignExchange.com

Legal name

GAIN Capital Group LLC

Website

https://forex.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

501–1,000 employees

Short description

FOREX.com (GAIN Capital Group LLC) is the No. 1 US retail forex broker by client assets, wholly-owned by StoneX Group (NASDAQ: SNEX), offering 80+ currency pairs across proprietary, MetaTrader 4/5, TradingView, NinjaTrader, and API trading platforms for individual and active traders.

Ownership category

akta.pro rank

Product category

Retail Forex Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

akta.pro secondary industry

FX Electronic Trading Platforms (Spot/Forwards/Swaps) (FSAFANAC)

Keywords

• Retail forex brokerage
• Currency trading platform
• Spread pricing accounts
• Metatrader hosting
• Algorithmic trading api

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Forex Spread Revenue: Primary revenue from bid-ask spreads on forex trades. FOREX.com is compensated via the spread, which represents the difference between sell (bid) and buy (ask) prices. Spread-only accounts generate all revenue through spread markups without additional commissions.
2. Commission Revenue (RAW Pricing): RAW Pricing accounts charge $7 USD commission per $100k USD traded with spreads as low as 0.0 on major pairs. Commission is calculated based on USD notional value of trades. Round-trip trades incur two separate commissions.
3. Interest Income (VIP Program): VIP program earns interest on average daily available margin balance (trading resources). Balances up to $500,000 earn 4% APY; amounts above $500,000 earn 1.5% APY, paid only on amounts up to $5,000,000.
4. Cash Rebates (VIP Program): High-volume traders receive cash rebates based on monthly trade volume, with up to $10 per million FX traded. VIPs received over $5.4M in combined cash rebates and interest in 2025.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

ForeignExchange.com (FOREX.com) operates an online retail forex brokerage providing self-directed trading access to 80+ currency pairs across proprietary Web Trader and Mobile App platforms, as well as MetaTrader 4/5, TradingView, NinjaTrader, and API Trading. Revenue is generated via bid-ask spreads (Spread-Only accounts) and fixed commissions on RAW Pricing accounts, with a VIP program offering interest payments and cash rebates to high-volume traders.

Product overview

FOREX.com is a forex broker offering multiple trading platforms including proprietary Web Trader and Mobile App, plus integrations with MetaTrader 4, MetaTrader 5, TradingView, NinjaTrader, and API Trading. The company provides two main account types: Spread-Only Account (variable spreads from 1.0, no commissions) and RAW Pricing Account (spreads from 0.0, $7 commission per $100k traded). Core offering includes 80 currency pairs for forex trading. Additional services include a VIP program for high-volume traders offering up to 4% APY interest and cash rebates, Performance Analytics for behavioral insights, Trader Sentiment tools, Trading Central research, and FX Blue Suite for MetaTrader. The company also offers futures and wealth management through affiliates StoneX Futures and StoneX Wealth Management. Founded in 2001, FOREX.com is a wholly-owned subsidiary of NASDAQ-listed StoneX Group Inc.

Differentiator

Problem solved

Functional benefit

Brands

• FOREX.com VIP: High-volume currency trading program offering cash rebates up to $5.4M, interest payments up to 4% APY, dedicated relationship managers, and exclusive events for active traders.
• RAW Pricing Account
• Spread-Only Account

Quantifiable outcome

• 99.99% of trades executed in less than 1 second
• +5 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability4 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and adjacent.

• StoneX Futures (StoneX Financial, Inc. FCM Division)coreChannel Partner/ Reseller/ DistributorAffiliated company providing futures and futures options trading services to FOREX.com customers. Offers Standard (self-directed) and Premium (broker-assisted) accounts for trading agriculture, crypto, energy, equity indices, FX, interest rates, and metals futures. 24-hour execution desk and around-the-clock technical support included.
• StoneX Wealth ManagementadjacentChannel Partner/ Reseller/ DistributorAffiliated wealth management service offering comprehensive financial planning for individuals, families, and businesses. Services include strategic financial planning, estate planning, investment planning, risk management, workplace services, and tax-advantaged strategies.
• TradingViewcoreTechnology or IntegrationStrategic integration providing TradingView charts (80+ indicators, 11 chart types, 14 timeframes) accessible on TradingView.com for all FOREX.com accounts. VIP program includes Premium TradingView subscription reimbursement.
• ReuterscoreTechnology or IntegrationIntegrated Reuters news feeds provided standard on FOREX.com platforms and MetaTrader accounts, distinguishing FOREX.com from most competing MetaTrader platforms which lack integrated financial news.
• Trading CentraladjacentTechnology or IntegrationPremium third-party technical analysis and trading ideas integrated into FOREX.com platforms, providing traders with professional-grade market analysis.
• FX BlueadjacentTechnology or IntegrationExclusive suite of over 20 MetaTrader apps including custom indicators and nine expert advisors (e.g., Sentiment Trader) available to FOREX.com MT5 users, enhancing platform customization beyond standard MT5 offering.
• NinjaTraderadjacentTechnology or IntegrationPremium trading tool integration available for FOREX.com traders seeking additional analytical and execution capabilities beyond core platform offerings.
• Capitalise.aiadjacentTechnology or IntegrationTrading automation platform enabling traders to automate trading strategies without coding, integrated as part of FOREX.com's tool ecosystem.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IG Group: IG Group is a global retail and institutional CFD/FX broker with a strong US franchise via tastyfx. Directly competes with FOREX.com on retail forex spreads, MT4/MT5, and proprietary platforms; comparable customer segments (active and high-volume traders).
• CMC Markets: CMC Markets is a UK-listed retail FX/CFD broker with a strong Next Generation platform. Direct competitor in retail FX, comparable product set (forex, indices, commodities, shares CFDs), similar high-volume trader tier programs.
• OANDA: OANDA is a leading retail FX and CFD broker offering spot forex, FX derivatives, and multi-asset trading on proprietary and MT4 platforms. Direct competitor to FOREX.com with overlapping US and global retail forex customers, similar pricing tiers, and similar platform offerings (proprietary + MetaTrader).
• FXCM: FXCM is a retail FX broker, also owned by StoneX Group alongside FOREX.com. Sister brand under the same parent, with overlapping US customer base, similar platform model, and similar regulatory footprint.
• Pepperstone: Pepperstone is an Australia-headquartered retail FX/CFD broker with Razor (RAW spread) accounts directly comparable to FOREX.com's RAW Pricing. Competes head-to-head on spreads, MetaTrader/TradingView/cTrader platform support, and active trader rebates.
• Interactive Brokers: Interactive Brokers is a multi-asset broker serving retail and institutional clients with deep forex offering, MT4/MT5 availability, and global multi-jurisdictional regulation. Competes with FOREX.com for active and professional US retail FX traders.
• Saxo Bank: Saxo Bank is a Danish multi-asset broker with SaxoTraderGO/SaxoTraderPRO platforms offering FX, CFDs, futures, and listed options. Overlaps with FOREX.com in retail/active FX trading and VIP-tier relationship management.
• Plus500: Plus500 is an Israel/UK-headquartered retail CFD broker with proprietary platform focused on forex, indices, commodities, and share CFDs. Direct competitor in retail CFD/FX intermediation with similar pricing model (spread-based, no-commission).

Emerging players

• eToro: eToro is a social/copy-trading multi-asset platform with FX, stocks, ETFs, and crypto. Targets younger retail traders overlapping with FOREX.com's demographic but differentiates through social trading and crypto spot offering.

Broad incumbents

• Charles Schwab (thinkorswim): Charles Schwab, via thinkorswim, offers FX trading alongside a comprehensive US broker offering. Broad incumbent that competes with FOREX.com for active retail traders seeking multi-asset access under one regulated US broker.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/forexcom
• YouTubeyoutube.com/c/forexcom
• Facebookfacebook.com/FOREXcom
• LinkedInlinkedin.com/company/10388925
• Instagraminstagram.com/forexcomglobal

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ForeignExchange.com