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Compare Forex Brokers Alpari And ForexGen


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Subjective Ratings

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Alpari

ForexGen

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Zero Execution Rating
Transaction costs (spreads): Five star Transaction Costs (spreads) Rating Four and Half star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Zero Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Zero Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Zero Withdrawal processing Rating
Average rating: Four and Half star Average Rating Two and Half star Average Rating

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Business Details

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Alpari

ForexGen

 
Registered Business Name: Alpari NZ Limited (New Zealand) ForexGen
Broker Headquarters: New Zealand Oslo, Norway
Also has offices in: Many branches around Russia none
Regulated By: FRA (Russia) Unregulated
In business since year: 1998 2006
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others Private investors

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Trading Details

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Alpari

ForexGen

 
Browser platform: Currenex ECN (for pro.direct accounts) None
Downloadable platform: Alpari MetaTrader 4 (MT4) ForexGen Metatrader 4 (MT4)
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) None
Phone dealing: Yes No
Order processing: ECN on pro.direct accounts Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
pamm.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
pro.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
classic.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
pamm.mt4 100:1* $300/unlimited 1,000/unlimited
pamm.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
classic.ndd.zulutrade 100:1* $1,000/unlimited 10,000/100,000,000
classic.mt4 500:1* $200/unlimited 10,000/unlimited
pamm.systematic 100:1* $300/unlimited 1,000/100,000,00
micro.mt4 500:1* no limits 1,000/500,000
classic.systematic 500:1* $200/unlimited 1,000/100,000,000
classic.zulutrade 500:1* $200/unlimited 1,000/100,000,000
pro.direct (Currenex) 200:1* $20,000/unlimited 10,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 500:1* $250/$2,500 100/limited by margin
Standard Account 100:1* $2,500/unlimited 1,000/5,000,000
Pro Account 100:1* $5,000/unlimited 1,000/5,000,000
No Dealing Account 100:1* $20,000/unlimited 1,000/5,000,000
Premium Account 100:1* $50,000/unlimited 1,000/5,000,000
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.   - All accounts are swap-free
Tradeable Instruments: 53    26   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 1 pip (0.0001)
Fixed spreads: No No
Guaranteed stop losses? No No
Trailing Stops: Server-side Client-side
OCO orders available: Yes o No
If/then orders available: Yes o No
Hedging capability: Yes Yes
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours:   Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. No
Account currencies available: EUR, Gold, USD USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Chinese, English, Russian, Spanish Arabic, English, Norwegian
Demo account: 30 days 30 days
Live chat support: Yes - a little slow but top quality Yes, but not helpful
Interest on Margin: Yes No
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials. 10% of deposit on Mini and Standard Accounts at ForexGen

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