The online foreign exchange (forex) industry continues its growth trajectory, as self-directed retail investors around the globe take up foreign currency trading at a record pace. This heightened interest has fueled strong performance by GAIN Capital Group, earning the company its second consecutive placement on the prestigious Inc. 500, a ranking of the fastest-growing private companies in the United States.
The Inc. 500 ranks privately held companies according to year-over-year sales growth, from 2001 to 2004. GAIN Capital Group, Inc., a pioneer in the online forex trading industry, reported three-year sales growth of 386 percent.
In its six years of operations, GAIN Capital has grown from a start up into a global firm with more than 200 employees supporting clients in more than 140 countries. GAIN Capital has achieved 70% annual revenue growth for five consecutive years (FY2000-2005). In the first half of 2006 the firm's growth continued to accelerate, with GAIN posting 100% annual revenue growth over the same period in 2005, and the highest percentage growth since 2002.
GAIN operates FOREX.com, one the top web destinations for retail forex traders. Over 60% of the firm's total trading volume comes from self-directed retail investors trading at FOREX.com. Total trading volume is in excess of $100 billion per month.
"Retail investors are entering the forex market at an unprecedented rate," said Mark Galant, CEO of GAIN Capital Group. "Empowered by a solid regulatory environment and an increased working knowledge of how currency prices impact their equity and fixed income investments, individual investors are now capitalizing on currency movements themselves," continued Galant. The heightened interest is further exemplified by the more than 10,000 retail investors that register each week for a 30-day virtual âpractice account' at FOREX.com. Free to registered users, the practice account allows investors to experience forex trading in a risk-free setting prior to opening an account.
In August, GAIN Capital Group was named one of the ten fastest-growing technology companies in New Jersey according to the Deloitte Technology Fast 50.