NEW YORK — Forex International Trading Corp. (the “Company”) (OTCBB: FXIT), a company principally engaged in offering through its affiliates of a web-based foreign currency trading platform to non U.S. residents, professionals and retail clients, today announced that the Company has begun branding and marketing its Forex and futures trading platforms to U.S. clients through “Beam Financial Group, LLC”, an Introducing Broker (IB) registered in the U.S. with the Commodity Futures Trading Commission and a member of the National Futures Association.
The Company owns 50% equity interest in both Forex New York City and Wheatley Asset Management. With approximately $4 trillion being traded in the Forex market each day and increasing number of people interested in trading currencies, the companies have merged branding strategies to operate 3 business units: BeamFX, Beam Futures and Currency School New York. All three divisions have launched websites to cater to clients interested in specific services.
BeamFX is an introducing broker in the retail Forex market where clients will have the option of using efficient and cost effective trading platforms to trade for themselves or participating in a “Trade Leaders” program where they can choose to have their accounts mapped to automatically trade alongside a roster of experienced successful traders with proven track records. The company will be hosting a Free 1 hour informational webinar today, April 27th, 2011 at 9:00 PM EST to introduce this concept to the retail public. For more information about this program visit: http://www.beamfx.com/managed/index.php.
Beam Futures is an introducing broker in the retail Commodity Futures market where clients will have the option of using efficient and cost effective trading platforms to trade for themselves or place their capital with one or more of a carefully selected group of Commodity Trading Advisors (CTAs) for professional management.
Currency School New York, located in New York City, is a state-of-the-art Forex training center and educational portal that offers BeamFX clients comprehensive currency trading courses, on location or online, that appeal to beginners and advanced traders alike, covering all aspects of currency trading from technical analysis, through money and risk management, to trading psychology.
CEO of Forex International Trading Corp., Darren Dunckel commented, “Integrating and co-marketing between the company’s various business units will be instrumental in successfully growing the business in the United States. We are devoted to serving the rapidly growing multi-billion dollar Forex and futures markets and we believe our multi-faceted business model will be conducive to the rapid growing markets here in the U.S.”
About Forex International Trading Corp.
Headquartered in New York, NY, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. For US residents the company operates an online currency trading platform and online futures trading platform under its Beam Financial Group of companies. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. The company’s platforms allow self-directed, broker-assisted, and managed accounts. Through the platforms, customers have access to over 20 currencies and bullion deliveries. The Foreign Currency Market (”Forex” or “FX”) is created by the global exchange of currencies. According to the Bank for International Settlements, the average daily turnover, or, volume in the Global FX market in April 2010 was $4 Trillion compared to only $1.2 Trillion in 2001 (Wall Street Journal, Sept. 1, 2010). Historically, access to the FX market was only available to governments, commercial banks, corporations, and other large financial institutions. The Company is now capitalizing on the growth of online currency trading through its state of the art web-based trading platforms.
For more information, please visit: http://www.forex-international-trading.com and http://www.beamfinancialgroup.com.
Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.