US forex broker Gain Capital [NYSE:GCAP] is to launch an affiliate program using third-party affiliate software from Canadian fintech Income Access, owned by online payments group Paysafe, finance media LeapRate reported on Wednesday. The new will continue to offer the existing affiliate programs, but it seems with the launch of the new one the brokerage seeks to provide partners an updated option with more automated and modernized solution.
“Gain Capital’ current affiliate program is, frankly, somewhat out of date and fairly ‘manual’ for all parties when it comes to reporting, billing and general management,” according to the media.
The new program will include affiliates of all Gain Capital brands for retail forex and contracts for difference (CFDs). Both new and existing clients will be able to benefit from the new system.
“With the integration of City Index largely complete, GAIN is now making investments in its product offering, marketing & other new capabilities as part of a strategy to refocus on organic growth. Having a global affiliates program is part of that plan and we look forward to offering our future affiliate partners a greatly enhanced service,” a Gain Capital spokesperson said, as cited by LeapRate.
According to the media, the program is expected to be fully tested and ready to launch within Q1 of 2017.
Gain Capital operates under the trading brands Forex.com and City Index for retail clients and GTX for institutional operations. It offers trading in forex, commodities, bonds, indices, and global equities, among others. The broker is regulated in the UK, the US, Australia, Singapore, Shanghai, Dubai, Hong Kong, and Japan.
Income Access is a provider of digital marketing software and solutions. It was acquired for $30 million by Paysafe in late 2016.