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Compare Forex Brokers ForexGen And FX Club US


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Subjective Ratings

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ForexGen

FX Club US

Charting: Four and Half star Charting Rating Five 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 Five star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four and Half star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Zero Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Zero Withdrawal processing Rating Four and Half 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

FX Club US

 
Registered Business Name: ForexGen Forex Club LLC
Broker Headquarters: Oslo, Norway New York, NY, USA
Also has offices in: none none
Regulated By: Unregulated NFA (0358265), registered with CFTC
In business since year: 2006 2006
Broker Capital as of 04-2009 Unknown $20,847,578
Client Account Segregation: No No
Collect Taxes on Earnings: No 1099 form provided
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
MethodDeposit FeeWithdrawal Fee
Not loaded
Main liquidity providers: Private investors Unknown

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Trading Details

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ForexGen

FX Club US

 
Browser platform: None ActTrader Web,Rumus Web,Tradency
Downloadable platform: ForexGen Metatrader 4 (MT4) ActTrader,ExpressFX,Rumus
Mobile platform: None ActTrader iPhone/iPad,ActTrader Mobile,Forex Club Droid,Rumus Mobile
Phone dealing: No No
Order processing: Market Maker All orders routed through 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:
Not loaded
Swap-free accounts   - All accounts are swap-free   No swap-free accounts available
Tradeable Instruments: 26    22   
No Dealing Desk Execution: No No, all order are routed through FX Club's dealing desk.
Typical spread on EUR/USD: 1 pip (0.0001) 0.8 pips (0.00008)
Fixed spreads: No No
Guaranteed stop losses? No No
Trailing Stops: Client-side Server-side
OCO orders available: No Yes,
If/then orders available: No Yes,
Hedging capability: Yes No hedging due to NFA regulation.
Automated Trading: Yes, on MT4 ActTrader & Tradency
Trading Hours: Open: Sun 21:00GMT Close: Fri 20:00GMT 21.00 GMT Sunday - 21.00 GMT Friday
Timezone GMT User-defined (on ActTrader)
Scalping allowed: No Yes, all trading methods are accepted.
Account currencies available: USD 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 English
Support languages: Arabic, English, Norwegian Chinese, English, Portuguese, Russian
Demo account: 30 days 30 days
Live chat support: Yes, but not helpful Yes
Interest on Margin: No No
Promotions & tournaments: 10% of deposit on Mini and Standard Accounts at ForexGen None at this time

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