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Compare Forex Brokers Finexo And ForexGen


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Subjective Ratings

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Finexo

ForexGen

Charting: Four star Charting Rating Four and Half star Charting Rating
Execution: Two 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: Four and Half star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four and Half star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Three and Half 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: One 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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Finexo

ForexGen

 
Registered Business Name: SafeCap Investments Limited ForexGen
Broker Headquarters: Israel Oslo, Norway
Also has offices in: Cyprus none
Regulated By: CySEC Unregulated
In business since year: 2003 2006
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
Wire Transfer $0 $0 ($400 min.)
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: Unknown Private investors

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Trading Details

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Finexo

ForexGen

 
Browser platform: None None
Downloadable platform: Finexo MT4 ForexGen Metatrader 4 (MT4)
Mobile platform: Finexo Metatrader (MT4) Mobile None
Phone dealing: No No
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 100:1 $25/unlimited 1,000/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: 47    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? Yes, for orders less than 3 million and outside a pre-determined range No
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: No Yes, on MT4
Trading Hours: Monday 5:00 Sydney time (currently Sunday 19:00 GMT) to Friday 17:00 New York time (currently 21:00 GMT) Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: No No
Account currencies available: EUR, USD USD
Platform languages: English 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: English Arabic, English, Norwegian
Demo account:   30 days
Live chat support: Yes 24/7 (even outside trading hours!) 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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