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Compare Forex Brokers Easy Forex And ForexGen


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Subjective Ratings

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Easy Forex

ForexGen

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

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Business Details

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Easy Forex

ForexGen

 
Registered Business Name: Easy Forex US Ltd. ForexGen
Broker Headquarters: Limassol, Cyprus Oslo, Norway
Also has offices in: Chicago, Melbourne, Sydney, Manila, Tel Aviv none
Regulated By: * ASIC AFSL (Australia);
* CySEC (Cyprus);
* CFTC & NFA (USA)
Unregulated
In business since year:   2006
Broker Capital as of 01-1970 $10,606,977 Unknown
Client Account Segregation: Basler Kantonalbank No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: UBS, RBS (Royal Bank of Scotland) Private investors

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Trading Details

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Easy Forex

ForexGen

 
Browser platform: Easy-Forex® (proprietary) None
Downloadable platform: No ForexGen Metatrader 4 (MT4)
Mobile platform: Easy-Forex® (proprietary) None
Phone dealing: Yes No
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
VIP Account 200:1* $10,000/unlimited $1,000,000/unlimited
Mini Account 200:1* $200/$499 $2,500/unlimited
Platinum Account 200:1* $500/$4,999 $50,000/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       - All accounts are swap-free
Tradeable Instruments: 21    26   
No Dealing Desk Execution: Yes (dealing desk available on request) No
Typical spread on EUR/USD: 3-7 pips, depending on account type 1 pip (0.0001)
Fixed spreads: Yes (except after-hours) No
Guaranteed stop losses? Yes No
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available:   No
Hedging capability: Yes Yes
Automated Trading: No Yes, on MT4
Trading Hours: Sun. 20:00GMT - Fri. 21:00GMT (trading outside these times available but incurs higher spread costs) Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: No No
Account currencies available: AUD, CAD, CHF, EUR, GBP, ILS, JPY, NOK, NZD, PLN, SGD, USD USD
Platform languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish 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, English, French, German, Greek, Hebrew, Polish, Russian, Spanish Arabic, English, Norwegian
Demo account: 15 days 30 days
Live chat support: Yes (Monday-Friday 06:00am GMT until 4pm GMT) Yes, but not helpful
Interest on Margin: No No
Promotions & tournaments:   10% of deposit on Mini and Standard Accounts at ForexGen

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