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ACCOUNT OPENING QUESTIONS

 

How do I open my account with FX International Group, Inc.?

1. Complete Application

    Download the necessary forms from our website.

 2. Provide Photo ID

    The appropriate photo identification in order for us to verify your personal information.

    U.S. Residents: One (1) form of photo ID, i.e. a driver's license or other government-    issued document that bears a photograph AND provides proof of residence as represented on this application

    Non U.S. Residents: Two (2) forms of identification, including one (1) photo ID and one (1) proof of address as represented on this application (i.e. utility bill, drivers license, bank statement, etc.)

 Non US Residents must also complete a W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding Form.

 New account paperwork may be faxed or mailed.

 Fax:  212-461-2223

 Mail to:  FX International Group, Inc.
             ATTN: New Accounts
             44 Wall Street 12th Floor
             New York, NY 10005
 

 3. Fund Your Account        

There are three ways to fund your account:

     Wire Transfer
     Check
     ACH/Direct Deposit

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How do I fund my account?

By Wire:

Funds sent via wire are typically received by GAIN Capital within 1-2 business days, and    credited to client's account the day of receipt. All wire transfers should include the client's name and account number in the reference section of the wire. Please be sure that the beneficiary is listed as GAIN Capital.

Accounts Under $25,000

Forex.com Customer Funds
Fleet Bank
59 Mountain Blvd.

Warren, NJ 07059

ABA# 021200339
A/C# 94211-56100

Note: Indicate client's name for new accounts or Client's Name and Account # ___ if the funds are to be credited to a pre-existing account.

Accounts Over $25,000

If you open an account with $25,000 or more, you have the option of having your funds fully segregated from other client funds in a separate bank account. If you choose this option, an account is opened in your name at JP Morgan Chase that is FDIC insured up to $100,000 of deposited funds.

Interest is not paid on funds held in this type of account. Please note that investment products themselves are not covered by FDIC insurance, and therefore are not protected against losses.

Forex.com Customer Funds
Fleet Bank
59 Mountain Blvd.

Warren, NJ 07059

ABA# 021200339
A/C# 94211-56100

Note: Indicate client's name for new accounts or Client's Name and Account # ___ if the funds are to be credited to a pre-existing account.

 

By Check:

Bank or Cashier's Check

Once received, Bank or Cashiers Checks are typically credited to client's account within one (1) business day.

Personal or Business Check

Funds sent via personal or business check take 5-10 business days (from date of receipt) to clear and be credited to client's trading account, according to our banking partner's posted schedule. This can vary depending on the bank and state of issue.

Please make all checks payable to GAIN Capital.

Mail To:    FX International Group, Inc.
                ATTN: New Accounts
                44 Wall Street 12th Floor
                New York, NY 10005

 

By ACH/Direct Debit:

Use ACH/Direct Debit to have funds electronically debited from your checking or savings account and credited to your trading account. Only available to customers with US dollar checking/savings accounts held at a U.S. based financial institution. Direct Debit requests are typically processed within 1-2 business days.

Complete the ACH/Direct Debit form and fax it to +1-212-461-2223.

Non- US Dollar Deposits        

We accept non-US dollar deposits in Euros, Pound Sterling or Yen via wire only. Non-US dollar deposits are converted into US dollars at competitive rates, and your account is funded with US dollars.

Funds sent via wire are typically received by GAIN within 1-2 business days, and credited to client's account the day of receipt.

Wiring Instructions

All wire transfers should include the client's name and account number in the reference section of the wire. 

Euro and Pound Sterling

In order to expedite receipt of your funds, clients are required to notify GAIN Capital of deposits in Euro or Pound Sterling, in advance of the deposit.

Bank:                               Citibank- London
Swift Code:                      CITIGB2L
Beneficiary:                      Smith Barney
Beneficiary Account #:       8543879
For Further Credit to:        GAIN Capital, Inc.
Account #:                       389-78059-11-445
Reference:                       GAIN Capital, Inc. (Client name)

Yen

Bank:                               Citibank, NA – Tokyo Branch
Beneficiary:                      GAIN Capital, Inc.
Beneficiary Account #:       0-158980-401
For Further Credit to:        Client’s Name (and A/C # for existing accounts)
 

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Will my funds on deposit be safe?

FX International Group, Inc. realizes that safety of funds is a major concern for investors. As a result, we've taken several important measures to ensure the utmost safety of customer deposits.

Client funds are held with our market maker, GAIN Capital Group.  GAIN Capital Group is regulated by the Commodity Futures Trading Commission and is a member of the national Futures Association (NFA). As a registered Futures Commission Merchant (NFA ID #0339826), GAIN must uphold the highest standards and business practices and is subject to strict financial requirements and reporting. All FCMs must adhere to strict rules and regulations to protect customer funds, including Minimum Net Capital requirements based on customer's open positions. GAIN submits to the CFTC and the NFA financial data on a weekly and monthly basis.

Finally, our market maker, GAIN, holds supplemental insurance policies to further protect customer funds against failure of service, dishonesty, forgery, alteration etc. A Financial Institution Bond is held through the National Union Fire Insurance Company and the Bankers Professional Liability policy is held through Lexington Insurance Company (both member companies of American International Group).

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How will I know that my account has been opened?

You will receive your username and password via email with instructions on how to access your account.  Please note that username’s are only assigned after your account paperwork has been approved and initial funds have been posted.

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What is the minimum required to open an account?

For Mini Accounts:          $250

For Standard Accounts:            $2,500

For the Managed Account Program:    $25,000

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What commissions and fees do you charge?

FX International Group, Inc. does not charge any commissions or fees on trading accounts.  Clients pay the normal dealing spread on the currency pairs.

Please contact us for more information on the fees for the managed account program.

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How do I withdraw funds?

Fund withdrawals are available by completing and signing the withdrawal request form and submitting by fax to +1-908-731-0747.  Withdrawal request forms must be fully completed, including full address (P.O. Boxes not accepted). Withdrawal requests are processed within two (2) business days of receipt.

If you funded your account with US Dollars:
There is no fee for withdrawal requests via check. Withdrawal requests via wire transfer will incur a $25 fee for wires within the United States, and $40 fee for international wires (including Canada).

If you funded your account with Euros or Yen:
GAIN will convert your US dollar account balance back to your desired currency and wire your funds back to the originating bank account. A fee of US$40 will be incurred.

To expedite processing, please indicate your name and account number on all wires, checks, and withdrawal requests and all other correspondence regarding your account. Include intermediary bank information on all international (non-US) wires.

Withdrawal of funds in the managed account program are only available at the end of each month.  for more information.

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CONTACT US

FX International Group, Inc.
44 Wall Street, 12th Floor
New York, NY 10005
Tel: 212-461-7180
Fax: 212-461-2223



 
 

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