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GAIN Capital

  • #1
  • First Post: Nov 15, 2006 7:29pm Nov 15, 2006 7:29pm
Hi all,

I've searched the threads and have not found much discussion regarding this broker.

I need those who are using GAIN as their premier FX broker to give me inputs.

I know that they operate Forex.com platform and that many would rather advise i take Forex.com instead.

Im interested in a very advanced ordering platform and what GAIN is offering is cool as hell. You get to use NinjaTrader for free if you decide to take up their account. That almost does it for me as i have received inputs from their sales rep that Ninjatrader does not operate MBFX or EFX.

Let me get some perspective in place.

Is GAIN a Market Maker or ECN? Not that i care but just good to know.
For those who has an account or had an account, do drop you inputs and share your experience with GAIN.
Is their cust svc rep very helpful?
How do you rate GAIN as a broker? Five Stars?

Jest
  • #2
  • Nov 15, 2006 7:32pm Nov 15, 2006 7:32pm
Oh okay they are liquidity providers...first question answered.
  • #3
  • Nov 15, 2006 7:40pm Nov 15, 2006 7:40pm
I think if I was to choose Gain I would want to use the Tradestation platform. Lots of good words on that platform and Gain is the Forex provider for them. Tradestion is free wit 10 round trip full lot trades per month, or 100 Mini's.
In trading, there is no bullshit. You either make money or you don't.
  • #4
  • Nov 15, 2006 7:47pm Nov 15, 2006 7:47pm
Is itr possible to get TS for free?

From what i've learn from the Cust rep, he states that any broker which has affiliation to NinjaTrader can have an automated connection to TS. Thus their data can be directly fed by their own broker without subscribing to data services from TS.

The point is, would it be possible to get a TS platform for free or w/o opening an account like having an MT platform, if its possible it will opena whole new window for me?

"I think if I was to choose Gain I would want to use the Tradestation platform. Lots of good words on that platform and Gain is the Forex provider for them. Tradestion is free wit 10 round trip full lot trades per month, or 100 Mini's."

On the contrary i would LOVE the idea of TS as my charting pf. But TS is nowhere close to ninja trader when it comes to putting up ready set of strategy for making a market order. I on the other hand would love to use both if TS could be offered for free. TS - Charting, NT - Order and Trade Management.
  • #5
  • Nov 15, 2006 7:59pm Nov 15, 2006 7:59pm
Here's the details:
http://www.tradestation.com/default_2.shtm

U may need to have two accts w/ Gain to use both. You can get A 30 day demo free, but after that it costs so u must open an acct to get it free.
Quoting jest1081
Is itr possible to get TS for free?

From what i've learn from the Cust rep, he states that any broker which has affiliation to NinjaTrader can have an automated connection to TS. Thus their data can be directly fed by their own broker without subscribing to data services from TS.

The point is, would it be possible to get a TS platform for free or w/o opening an account like having an MT platform, if its possible it will opena whole new window for me?

"I think if I was to choose Gain I would want to use the Tradestation platform. Lots of good words on that platform and Gain is the Forex provider for them. Tradestion is free wit 10 round trip full lot trades per month, or 100 Mini's."

On the contrary i would LOVE the idea of TS as my charting pf. But TS is nowhere close to ninja trader when it comes to putting up ready set of strategy for making a market order. I on the other hand would love to use both if TS could be offered for free. TS - Charting, NT - Order and Trade Management.
In trading, there is no bullshit. You either make money or you don't.
  • #6
  • Nov 15, 2006 9:38pm Nov 15, 2006 9:38pm
Hmm which ultimately means i have to open two trading accounts....one wit TS and the other with GAIN.

If im not wrong the min initial dep with TS is $5000. Can anyone advise? Coz im on the midst of opening an account (Halfway with TS already). If its not neccesary for me to open an acc and get the platform for free, i shall just cancel my application and open an acc with GAIN instead.

Jest
  • #7
  • Nov 16, 2006 12:25am Nov 16, 2006 12:25am
Gain uses MT4 as a front end through the API to trade thru www.forex.com which is a divsion of Gain.

http://www.strategybuilderfx.com/sho...929#post172929
  • #8
  • Nov 16, 2006 12:38am Nov 16, 2006 12:38am
Quoting richx7
Gain uses MT4 as a front end through the API to trade thru www.forex.com which is a divsion of Gain.

http://www.strategybuilderfx.com/sho...929#post172929
Hi Rich,

Thanks. From what i gathered, its only a server price feed for a demo. An actual acc could only be opened with SolidGold, right?

Anyway, when i was at GAIN's site, there was no mention of MT4 platform.

Hey i find it funny that Ninjatrader could run MBT(ECN Data) and GAIN(MKT MAKER) Data at the same time but EFX(ECN) could not run on MT4?
  • #9
  • Edited 3:16am Nov 16, 2006 3:04am | Edited 3:16am
Quote
From what i gathered, its only a server price feed for a demo. An actual acc could only be opened with SolidGold, right?
Both SolidGold and Gain have this MT4 trading available as a live feed for trading.
Quote
Anyway, when i was at GAIN's site, there was no mention of MT4 platform.
It is only available through SBFX as they are an IB who gets a comission for sign up. You can find more info at that site or contacting them directly.

Quote
GAIN Capital Group to Purchase Refco FX Customer Accounts
Under the terms of the proposed agreement, GAIN will offer RFXA clients the option to open an account at FOREX.com, GAIN's retail division.
http://www.prnewswire.com/cgi-bin/st...4390570&EDATE=
  • #10
  • Nov 16, 2006 3:39am Nov 16, 2006 3:39am
Thanks Rich,

That answers much of my questions. Well pretty much win win situation with GAIN. Flexible choice of platforms and trade management platforms too. If anyone wlse are willing to give more inputs to this poor soul pls do. haha. Im'm pretty much in it for GAIN.
  • #11
  • May 8, 2008 2:28am May 8, 2008 2:28am
How come EFX is charging 100% more for commisions?

Look now im furious.... $25 per mio is a pretty good deal dont you think?
  • #12
  • May 8, 2008 2:34am May 8, 2008 2:34am
Quoting jest1081
How come EFX is charging 100% more for commisions?

Look now im furious.... $25 per mio is a pretty good deal dont you think?
No. GAIN vs EFX is apples & oranges, because GAIN is not an ECN. GAIN is basically a hybrid dealing desk, near-ECN spreads + a commission. If you compare GAIN to actual ECNs (IB, HotSpot, MBT/EFX), you'll notice the spreads are better on the ECNs.

IB is $20 per mio, thus they beat GAIN on both spreads and commissions.
  • #13
  • Last Post: Dec 31, 2009 4:11pm Dec 31, 2009 4:11pm
HAVE BEEN TRADING WITH GAIN FOR 2 YEARS , USING MINI LOTS
1. PLOTFORM IS GREAT .
2. SPREAD - EURUSD ( 3) GBPUSD (4) , GBPJPY (7-8) JUDGE FOR YOURSELF
3. CUSTOMER SERVICE - VERY INTERACTIVE ... HELPFUL, AS LONG AS YOU DONT BULSHET THEM.
4. TAKES THEM LONG TO SEND MY MONEY. ( 2WEEKS) INCLUDING PROCESSING
5. mmm,,,, Money makers ??? you never know - I use FXCM and ALPARI (MT4) as well ,,,, all very similar...... (except MT4 has tighter spreads )
Buy low , Sell high
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