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In an effort to better serve the needs of our clients, FXAdvantage will be moving the custody and clearing of all FXAdvantage trading accounts to FOREX.com, a division of GAIN Capital Group, Inc. Our timetable calls for accounts and open positions to be transferred on May 19th, 2006.
The transfer of your forex trading account requires no action on your part. After the close of trading on Friday, May 19 at 1700 ET, your account and open positions will be transferred to FOREX.com. As of the start of trading on Sunday, May 21, 2006 at 1700 ET, you may login to your trading account on the FOREX.com (www.forex.com) website using your existing User ID and password. Your current account settings will remain intact, including leverage and liquidation levels.
To log into your account, click here.
As part of FOREX.com, you will now have access to additional services that make it easier than ever to manage your account. The FOREX.com website contains a wealth of information about trading the Forex market and about our available products and services. FOREX.com's secure online account management tool, MyAccount, allows you to fund your account electronically via wire transfer, credit or debit card. Deposits via credit/debit card may be immediately available for trading. You can also request real-time rate alerts via email or SMS, change your account password, update account information and other contact details, and much more.
Should you decide that you do not want your FXAdvantage trading account to be transferred to FOREX.com, please contact GAIN Capital's Compliance Dept, Attn: Thomas Baxter, in writing. You have the right to liquidate your account or have it transferred elsewhere provided that FXAdvantage is notified in writing of that decision prior to May 19, 2006; otherwise, you will be deemed to have consented to being part of the transfer of accounts to FOREX.com.
When you opened your forex account with FXAdvantage, you executed and delivered a customer agreement that covered execution and clearing of your trades, lending and leverage in your account, and the clearing firm's rights, privileges and remedies in a variety of circumstances (the "Customer Agreement"). Please be advised that all of FXAdvantage's rights, remedies and privileges under the Customer Agreement is being expressly assigned by FXAdvantage to FOREX.com simultaneously with the transfer of your forex account. If you initiate or transact any activity or business of any kind in or affecting your forex account after its transfer, you will have irrevocably, unconditionally and conclusively agreed that the Customer Agreement remains of full force and effect with respect to your continued account business and activity, except only that FOREX.com shall be deemed automatically substituted for FXAdvantage in all places in and with respect to the Customer Agreement, to the same extent as if you had originally entered into the Customer Agreement directly with FOREX.com as your dealer, counterparty, clearing firm, and custodian of your account assets.
FOREX.com, a division of GAIN Capital Group, Inc. is a registered Futures Commission Merchant (FCM) and a member of the National Futures Association (NFA ID # 0339826).
If you have any questions regarding FOREX.com or your account transfer, please do not hesitate to contact us. We're available 24 hours a day by phone, email or live chat.
Visit www.forex.com for more information.