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Compare Forex Brokers FXcast And ForexGen


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Subjective Ratings

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FXcast

ForexGen

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Three and Half star Execution Rating Zero Execution Rating
Transaction costs (spreads): Four 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: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Three 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: Three and Half star Average Rating Two and Half star Average Rating

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Business Details

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FXcast

ForexGen

 
Registered Business Name: FXcast, a Surplus Finance S.A. Company ForexGen
Broker Headquarters: Mauritius Oslo, Norway
Also has offices in: Central Europe, Indonesia, China, Middle East, Malaysia, Africa none
Regulated By: FSC Mauritius under the Financial Services Development Act 2001 Unregulated
In business since year: 2007 2006
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Yes, funds held at Pireaeus Bank, Cyprus No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
AlertPay $0 1% (min. $8)
c-Gold $0 1% (min. $8)
CC by Moneybookers 2% 2%
Liberty Reserve $0 1% (min. $8)
MasterCard 5.5% Withdraw to bank acc
Moneybookers $0 1% ($8 min.)
Perfect Money $0 0.5% (min. $8)
Solid Trust Pay $0 1% (min. $8)
StrictPay $0 1% (min. $8)
Visa 5.5% Withdraw to bank acc
WebMoney $0 $5
Wire Transfer $0 1.5% ($30-$65)
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: Unknown Private investors

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Trading Details

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FXcast

ForexGen

 
Browser platform: None None
Downloadable platform: FXcast MetaTrader 4 (MT4) ForexGen Metatrader 4 (MT4)
Mobile platform: FXcast Metatrader 4 (MT4) Mobile None
Phone dealing: No No
Order processing: Market Maker or Straight-Through Processing based on lots traded and risk profile as determined by FXcast risk server Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1 $10/unlimited 1,000/5,000,000
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   Swap-free accounts incur a $0.05 fee per 1,000 unit round-turn trade.   - All accounts are swap-free
Tradeable Instruments: 36    26   
No Dealing Desk Execution: Available No
Typical spread on EUR/USD: 2 pips (0.0002) 1 pip (0.0001)
Fixed spreads: Yes No
Guaranteed stop losses? Yes - all limit orders experience NO slippage No
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: Yes Yes, on MT4
Trading Hours: Sunday 11:00 p.m. GMT and end each Friday 11:00 p.m. Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: No No
Account currencies available: EUR, USD USD
Platform languages: Arabic, Chinese, Croatian, English, French, German, Indonesian, Malay, Portuguese, Russian 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, French, German, Indonesian, Malay, Portuguese, Russian, Spanish Arabic, English, Norwegian
Demo account: 4 weeks 30 days
Live chat support: Yes - during trading hours Yes, but not helpful
Interest on Margin: No No
Promotions & tournaments: On-going tournaments - visit site for details. 10% of deposit on Mini and Standard Accounts at ForexGen

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