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Compare Forex Brokers ForexGen And FxPro


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Subjective Ratings

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ForexGen

FxPro

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Zero Execution Rating Two and Half 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 Three and Half 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

FxPro

 
Registered Business Name: ForexGen FxPro
Broker Headquarters: Oslo, Norway Limassol, Cyprus
Also has offices in: none London, Nice, Vienna, Athens, Moscow
Regulated By: Unregulated CySEC and ECB through MiFID
In business since year: 2006 2006
Broker Capital as of 04-2009 Unknown Unknown
Client Account Segregation: No Hellenic Bank, Eurobank, HSBC
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
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Private investors FXPro is the counter party to all trades.

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Trading Details

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ForexGen

FxPro

 
Browser platform: None FxPro WebTrader
Downloadable platform: ForexGen Metatrader 4 (MT4) FxPro Metatrader 4 (MT4)
Mobile platform: None FxPro WebTrader
Phone dealing: No Yes
Order processing: Market Maker Market Maker
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:
FXPro Account 500:1* $500/unlimited 10,000/unlimited
Swap-free accounts   - All accounts are swap-free   No swap-free accounts available
Tradeable Instruments: 26    105   
No Dealing Desk Execution: No No
Typical spread on EUR/USD: 1 pip (0.0001) 0.8 pips (0.00008)
Fixed spreads: No No, spreads vary according to market liquidity
Guaranteed stop losses? No All orders are executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes - no extra margin is used.
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours: Open: Sun 21:00GMT Close: Fri 20:00GMT Sunday 22.00 GMT closing Friday 22.00 GMT
Timezone GMT GMT+2
Scalping allowed: No Yes
Account currencies available: USD CHF, EUR, GBP, JPY, 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 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: Arabic, English, Norwegian Arabic, Chinese, English, Farsi, French, German, Greek, Hindi, Italian, Japanese, Korean, Polish, Romanian, Russian, Spanish
Demo account: 30 days Unlimited
Live chat support: Yes, but not helpful Yes, very knowledgeable.
Interest on Margin: No No
Promotions & tournaments: 10% of deposit on Mini and Standard Accounts at ForexGen None

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