Standard & Poor's Initiates Factual Stock Report Coverage on Forex International Trading Corp.

Standard & Poor’s announced today that it has commenced Factual Stock Report Coverage Forex International Trading Corp.

Forex International Trading Corp (“Forex”). (OTCBB:FXIT) offers to a non U.S. residences, foreign currency market trading to professionals and retail clients over its web-based trading systems. The company focuses on providing individual and institutional investors a platform for buying and selling currencies, as well as precious metals and commodity futures. Forex provides platforms for self-directed, broker-assisted, managed accounts and accumulation programs. Through this platform, customers have access to over 20 currencies and bullion deliveries.

In April 2010, Forex entered into a software licensing agreement with Triple 8 Limited, whereby the company licensed Triple 8's proprietary trading software. The company operates two websites, the corporate website, www.forex-international-trading.com, and the trading platform (under the affiliate licensing agreement), www.4xint.com. As of October 2010, both websites were under further development and construction. The company reported in October 2010 that it had blocked the ability of potential subscribers in the United States and Canada from engaging in any transactions. This restriction may be lifted when the required license has been obtained.

On December 18, 2010, Forex entered into a securities purchase agreement with Forex New York City, LLC (Forex NYC) pursuant to which the company acquired 20% of the issued and outstanding membership interest of Forex NYC on a fully diluted basis. In consideration for the Forex NYC interest, Forex issued and sold to Forex NYC 1,000,000 common shares of the company. Forex previously reported that the company had incorporated the offerings provided by Forex NYC under www.forexnewyorkcity.com into the company's website.

On January 5, 2011, Forex sold an aggregate of 3,655,631 restricted shares of common stock of the Company for an aggregate purchase price of $548,345 to accredited investors. The shares of common stock were offered and sold to the investors in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 (the “Securities Act”) and/or Rule 506 promulgated under the Securities Act. The investors are accredited investors as defined in Rule 501 of Regulation D promulgated under the Securities Act.

On February 7, 2011, Forex entered into a Letter of Intent ("LOI") to acquire up to 40.1% equity interest (the “Interest”) in Nexus Capital Ltd. (“Nexus”), a U.K. regulated investment advisory firm. The LOI provides that the Company may acquire options to acquire the Interest in Nexus from equity holders of Nexus at an estimated cost of approximately ₤ 215,600 payable in instalments no later than May 31, 2011. The Company engaged a U.K. domestic law firm to prepare the needed closing documentation as well as prepare and file an application with the Financial Services Authority (“FSA”) in London for approval of the acquisition. Except for various miscellaneous provisions, this LOI is non-binding. The acquisition is subject to certain requirements including due diligence, approval from the FSA, execution of a mutually-acceptable definitive purchase agreement and various other customary conditions such as obtaining board approval. Accordingly, no assurances can be made that the transaction will be consummated.

On February 10, 2011 Forex filed 8K stating it has come to the attention of management of the Company that several financial reporting websites are incorrectly reporting the number of shares of common stock presently outstanding. As of February 10, 2011, the total amount of issued and outstanding shares of common stock of the Company is 64,799,865.

S&P Factual Stock Report Coverage Forex International Trading Corp will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.forex-international-trading.com for additional information.

About Standard & Poor's Factual Stock Reports

This Standard & Poor’s service provides factual research coverage enabling information about Forex International Trading Corp. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.

About Standard & Poor's

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