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Compare Forex Brokers AvaTrade And ForexGen


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Subjective Ratings

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AvaTrade

ForexGen

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

ForexGen

 
Registered Business Name: AvaTrade ForexGen
Broker Headquarters: Tel Aviv, Israel Oslo, Norway
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not). none
Regulated By: Central Bank of Ireland Unregulated
In business since year: 2006 2006
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: Unknown Private investors

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Trading Details

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AvaTrade

ForexGen

 
Browser platform: AvaJava None
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader) ForexGen Metatrader 4 (MT4)
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone None
Phone dealing: Yes No
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
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   Yes - no extra charges and available to everyone, not just Islamic traders   - All accounts are swap-free
Tradeable Instruments: 43    26   
No Dealing Desk Execution: No No
Typical spread on EUR/USD: 3 pips (0.0003) 1 pip (0.0001)
Fixed spreads: Yes No
Guaranteed stop losses? No - orders executed at best available price No
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: On MT4 and ActTrader Yes, on MT4
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: Fast trading is OK. Arbitrage is not. No
Account currencies available: EUR, USD USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, 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: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu Arabic, English, Norwegian
Demo account: 21 days 30 days
Live chat support: Yes - very helpful staff Yes, but not helpful
Interest on Margin: No No
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals. 10% of deposit on Mini and Standard Accounts at ForexGen

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