- Who is GAIN Securities? How strong is the company?
- Does GAIN offer insurance protection on brokerage accounts?
- What are your trading hours?
- Can I place a trade via e-mail?
- How competitive are your margin rates?
- What type of online security do you provide?
- How do I access my account online?
- If I have questions, concerns, or comments, how should I let you know?
- How can I open a GAIN Securities account?
- What types of accounts can I open?
- How much money do I need to open an account?
- How can I check the status of my account application?
- How do I deposit checks or certificates into my GAIN Securities account?
- When will funds appear in my account?
- I would like to transfer an account, securities or other balances to GAIN Securities. What information do I need to provide?
GAIN Securities is a subsidiary of GAIN Capital Holdings, Inc. (GAIN), a strong and stable financial institution. GAIN is a market leader in the rapidly growing online forex industry. A global client base in over 140 countries draws upon GAIN's experience, resources, and proven FX trading technology to manage their foreign exchange needs.
GAIN operates FOREX.com (www.forex.com), one of the largest and best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training.
GAIN ranks among the top Forex Dealer Members in terms of adjusted net capital and excess net capital. As of December 31, 2008 GAIN's total assets exceeded $256 million and its total net capital exceeded $114 million. GAIN has achieved average annual revenue growth of 65% for the past six consecutive years.
For additional information on our parent company, visit www.gaincapital.com.
Both GAIN and our clearing firm, Penson Financial Services, Inc. are members of the Securities Investor Protection Corporation (SIPC), which protects securities and cash of the customers of its members up to a maximum of $500,000, of which $100,000 may be cash. More information about SIPC coverage is available at www.sipc.org.
Through our clearing firm we offer additional insurance through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance becomes available to customers in the event that SIPC limits are exhausted and will provide account protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2 million. We also offer FDIC insured bank sweeps that are insured up to at least $250,000 per depositor until December 31, 2013 (in 2008, FDIC was temporarily increased from $100,000 to $250,000 per depositor). On January 1, 2014, the standard insurance amount will return to $100,000 for all deposit account categories except IRA’s and other certain retirement accounts, which remain at $250,000.
GAIN Securities offers regular session trading from 9:30 AM - 4:15 PM ET. Currently, we do not provide the ability to trade during the extended hours trading session, however customers may enter trades anytime online at their convenience.
No. We do not accept trades via email. You may place a trade online or by calling a GAIN Securities representative at (800) 222-5520.
We have very competitive margin rates, regardless of the amount you wish to borrow. Contact a GAIN representative for our current rates.
GAIN Securities offers a variety of security features to protect your account.
If there are three failed attempts to login to your account, your user ID will be locked and no one will be able to access the account until you call us directly. In addition, we will prompt you periodically to reset your password.
We also provide you with a trade authorization password (using an onscreen keyboard) that offers an extra layer of protection against fraud in case your login credentials are compromised. You will need to enter a unique password prior to submitting any online transaction-you can reset this password at any time by logging in to you account and going to the Preferences page (located under Support).
If you haven't previously used the site, register your account by following these steps:
- Go to www.gainsecurities.com and click the Register my account link (located in the Secure Login box).
- Fill in the required information. Note: Be sure to have your account number handy.
- Click Submit.
- An email will be sent to you as soon as registration has been completed (usually on the same day).
We'd like to hear from you! To contact us:
• Send an email to info@gainsecurities.com
• Visit our office at 27600 Chagrin Blvd., Cleveland, OH 44122
• Call us at (800) 222-5520
We offer you the ability to open up an account online, by mail, by fax or directly in person at our local branch office.
Online Click the Open an Account button on any page or the Open an Account link (located in the upper right corner of every page), then complete the application and submit it online.
1) Download the application(s) in the Document Center.
2) Complete and sign the application, and include any supporting documents
Fax: Download the application(s) in the Document Center, then complete and sign the application. Send your application and copies of supporting documents to (216) 765-8073.
To apply via email: Download the application(s) in the Document Center, then complete and sign the application. Scan your application and copies of supporting documents and send the files to newaccounts@gainsecurities.com.
Regular Mail: To apply via regular mail: Download the application(s) in the Document Center, then complete and sign the application. Send the application and originals of the supporting documents to GAIN Securities, 27600 Chagrin Blvd., Cleveland, OH 44122
If you have questions about the application or want more information about the account types GAIN offers before you apply, please contact a GAIN representative at (800) 222-5520.
GAIN Securities offers a wide variety of accounts, including: Individual, Joint Tenants, Custodianship, Corporations, Investment Clubs, Partnerships, Trusts and Estates, and DVP (delivery versus payment) accounts. We also offer IRAs such as Traditional, Roth, and Rollover accounts. Go to Account Types (located under Accounts) to review all the account types that are available, or contact a GAIN representative at (800) 222-5520 for help determining which account type may be right for your investment needs.
The minimum required deposit to open an account at GAIN Securities is $500.
To check your application status, log in to your account using the User ID and password you created when you completed your application, then go to Application Status (located under Support) to see your status. Until your account status is complete, you will have basic (but limited) access to the website's tools and features. Please allow up to one full business day for your account application to be processed and for your status to be updated.
We accept checks and/or certificates by standard, certified or overnight mail. When depositing security certificates, please have all registered holders provide an original signature either on the back of the certificate or on a Stock Bond Power form. Please also provide your account number, but do not write in the shaded areas or corners of stock certificates.
Please send to:
GAIN Securities
27600 Chagrin Blvd.
Cleveland, OH 44122
Personal checks typically post to the account within 2 - 3 business days of receipt. Bank wires typically post within 1 - 2 business days of receipt.
I would like to transfer an account, securities or other balances to GAIN Securities. What information do I need to provide?
back to topTo transfer in funds from another brokerage account, you will need to first have an account with GAIN Securities that has matching title and registration information. Once you have your account established with us, you can quickly transfer cash and securities held at another financial institution into your GAIN Securities account. We simply need a completed copy of our transfer form and a recent account statement from your current firm, and we will take care of the rest. To download the transfer form, go to the Document Center (located under Support) or request one via email by contacting info@gainsecurities.com.