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Compare Forex Brokers ForexGen And Hantec Markets


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Subjective Ratings

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ForexGen

Hantec Markets

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Zero Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Four and Half star Transaction Costs (spreads) Rating Three and Half 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 Five star Platform Reliability Rating
Customer support: Zero Customer Support Rating Four 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 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

Hantec Markets

 
Registered Business Name: ForexGen Hantec Markets Limited
Broker Headquarters: Oslo, Norway London, UK
Also has offices in: none Hong Kong, Tokyo, Sydney, Auckland
Regulated By: Unregulated FSA (502635) and ASIC (ABN 54 129 943 086)
In business since year: 2006 1990
Broker Capital as of 04-2009 Unknown Unknown
Client Account Segregation: No Yes
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
MethodDeposit FeeWithdrawal Fee
Wire Transfer $0
Main liquidity providers: Private investors Unknown

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Trading Details

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ForexGen

Hantec Markets

 
Browser platform: None Hantec Markets Currenex ($25,000+)
Downloadable platform: ForexGen Metatrader 4 (MT4) Hantec Markets Metatrader 4 (MT4)
Mobile platform: None Hantec Markets Currenex Mobile ($25,000+)
Phone dealing: No No
Order processing: Market Maker ECN
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:
Currenex ECN 100:1* $25,000/unlimited 100,000/unlimited
MT4 Account 200:1* $1,000/unlimited 1,000/unlimited
Swap-free accounts   - All accounts are swap-free   Yes swap-free accounts are available
Tradeable Instruments: 26    30   
No Dealing Desk Execution: No Yes, all orders are straight through
Typical spread on EUR/USD: 1 pip (0.0001) 2 pips (0.0002)
Fixed spreads: No No, best available buy and sell prices are presented
Guaranteed stop losses? No No, all orders are executed at best available price
Trailing Stops: Client-side Server-side
OCO orders available: No Yes o
If/then orders available: No Yes o
Hedging capability: Yes Yes, on MT4
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours: Open: Sun 21:00GMT Close: Fri 20:00GMT Sunday 22:00 GMT to Friday 22:00 GMT
Timezone GMT GMT
Scalping allowed: No Yes, without restrictions
Account currencies available: USD 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 Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish
Support languages: Arabic, English, Norwegian Arabic, Chinese, Czech, Danish, English, French, Hindi, Italian, Polish, Portuguese, Punjabi, Romanian, Russian, Slovak, Spanish, Urdu
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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