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Compare Forex Brokers ForexGen And Fast Brokers


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Subjective Ratings

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ForexGen

Fast Brokers

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

Fast Brokers

 
Registered Business Name: ForexGen Fast Trading Services LLC
Broker Headquarters: Oslo, Norway Glendale, California, USA
Also has offices in: none None
Regulated By: Unregulated NFA (ID#: 0342002)
CFTC Registered
In business since year: 2006 2004
Broker Capital as of 04-2009 Unknown Unknown
Client Account Segregation: No Yes (some restrictions apply)
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
MethodDeposit FeeWithdrawal Fee
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Private investors Currenex®, Integral®, Fortex®, Stonex

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Trading Details

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ForexGen

Fast Brokers

 
Browser platform: None Fast Brokers Currenex Java Classic
Downloadable platform: ForexGen Metatrader 4 (MT4) PathFinder Trader™
Mobile platform: None Coming Soon
Phone dealing: No Yes
Order processing: Market Maker DMA to multiple ECNs
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:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/unlimited
Swap-free accounts   - All accounts are swap-free   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 26    21   
No Dealing Desk Execution: No There is no dealing desk intervention
Typical spread on EUR/USD: 1 pip (0.0001) 0.4 pips (0.00004) on ECN2 feed
Fixed spreads: No Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts.
Guaranteed stop losses? No No, orders are executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No Yes
If/then orders available: No Yes
Hedging capability: Yes Yes, a workaround to the NFA FIFO rule is in place, using separate feeds..
Automated Trading: Yes, on MT4 Yes
Trading Hours: Open: Sun 21:00GMT Close: Fri 20:00GMT Sunday 5.00 PM to Friday 04.00 PM EST
Timezone GMT User defined
Scalping allowed: No Yes, without restrictions
Account currencies available: USD CHF, EUR, GBP, 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 Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish
Demo account: 30 days 30 days
Live chat support: Yes, but not helpful 24/5
Interest on Margin: No No
Promotions & tournaments: 10% of deposit on Mini and Standard Accounts at ForexGen None

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