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Compare Forex Brokers ForexGen And AFB FX


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Subjective Ratings

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ForexGen

AFB FX

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Zero Execution Rating Four star Execution Rating
Transaction costs (spreads): Four and Half star Transaction Costs (spreads) Rating Five 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: Zero Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Zero Withdrawal processing Rating Four star Withdrawal processing Rating
Average rating: Two and Half star Average Rating Four and Half star Average Rating

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Business Details

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ForexGen

AFB FX

 
Registered Business Name: ForexGen AFB FX Limited
Broker Headquarters: Oslo, Norway Cyprus
Also has offices in: none none
Regulated By: Unregulated CySEC
In business since year: 2006 2010
Broker Capital as of 04-2009 Unknown Unknown
Client Account Segregation: No Yes, client funds are kept separate from company operating capital
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $0
Main liquidity providers: Private investors There are 6 liquidity providers, but names are unknown

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Trading Details

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ForexGen

AFB FX

 
Browser platform: None AFB FX WebTrader
Downloadable platform: ForexGen Metatrader 4 (MT4) AFB FX Metatrader 4 (MT4)
Mobile platform: None Android,Blackberry,i-Mode,iPhone,Symbian (Nokia),Windows Mobile
Phone dealing: No Yes
Order processing: Market Maker ECN,STP No Dealing Desk
Account Types
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
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Professional Account 100:1* High Deposit 100,000/5,000,000 units Microlot trading available on request
Advanced Account 100:1* $50,000/unlimited 100,000/5,000,000 units Microlot trading available on request
Standard Account 200:1* $5,000/unlimited 10,000/5,000,000 units Microlot trading available on request
Micro Account 500:1* $50/unlimited 1,000/5,000,000 units
Mini Account 400:1* $1,000/unlimited 1,000/5,000,000 units
Swap-free accounts   - All accounts are swap-free   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 26    46   
No Dealing Desk Execution: No There is no dealing desk intervention
Typical spread on EUR/USD: 1 pip (0.0001) 0.6 pips (Professional) to 2 pips (Micro)
Fixed spreads: No No
Guaranteed stop losses? No Yes, limit and stop orders are guaranteed against slippage, except under market conditions
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, traders can simultaneously hold both long and short positions in the same currency pair.
Automated Trading: Yes, on MT4 Yes
Trading Hours: Open: Sun 21:00GMT Close: Fri 20:00GMT 22:00 GMT on Sunday to 22:00 GMT on Friday
Timezone GMT GMT +2 (no Sunday bar)
Scalping allowed: No Scalping is not allowed
Account currencies available: USD EUR, USD
Platform languages: 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 Many
Support languages: Arabic, English, Norwegian Arabic, English
Demo account: 30 days  
Live chat support: 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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