"Launching operations in Australia is part of a long-term strategic goal to service our clients locally wherever possible," Glenn Stevens, chief executive of Forex.com owner Gain Capital, said.
The new service enables investors to trade in major currencies, including the Australian dollar, New Zealand dollar, US dollar, euro and British pound, as well as gold, silver and oil contracts for difference.
The service includes real-time foreign exchange news from Dow Jones, research and trading ideas from a global research team, educational resources and local funding options, and account services such as Australian dollar and New Zealand dollar-denominated trading accounts.
The Sydney office will initially have a small staff whose responsibility will be to provide customer sales and support.
"During 2010 we expect to expand our Sydney team to 10 to 15 people," a company spokesperson said.
