Forex.com Launches Trading Services in Latin AmericaOctober 18, 2021
Forex.com, the broker brand of StoneX Group, has expanded its geographical reach with the launch of forex and contracts for differences (CFDs) trading services in Latin American markets.
Officially announced last week, the broker is targeting the Spanish-speaking markets in the region and has launched services in Spanish.
“We have spread our wings and landed in Latin America, expanding our borders and offering our award-winning online trading platforms to traders in Latin America,” Forex.com wrote on social media posts.
The services of the Latin American platform remain similar to Forex.com’s offerings in other global markets. The broker is offering more than 80 currency pairs, 15 global indices and a broad list of over 9,000 stock CFDs listed on several global exchanges.
The trading services are facilitated on the broker’s proprietary trading platform, as well as with industry-standard MetaTrader 5, which was developed by MetaQuotes Software.
A Global Brand
Forex.com is one of the very few brokerages that offer regulated retail forex trading services in the United States and Canada. It also operates in Europe, Japan and several other global markets.
GAIN, which operates Forex.com and City Index brands and also has stakes in a few other trading businesses, was acquired by US-based StoneX Group. The acquisition deal, valued at $236 million, was completed last year in July.
Meanwhile, StoneX phased out GAIN Capital in the United Kingdom, migrating all brokerage operations under its British affiliate, StoneX Financial Limited. The new owner also rebranded in Japan, changing its name from ‘Gain Capital Japan Co., Ltd.’ to ‘Stone X Financial Co., Ltd.’
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