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Compare Forex Brokers Marketiva And ForexGen


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Subjective Ratings

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Marketiva

ForexGen

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

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Business Details

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Marketiva

ForexGen

 
Registered Business Name: Marketiva Corporation ForexGen
Broker Headquarters: British Virgin Islands Oslo, Norway
Also has offices in: None none
Regulated By: FSC (№ 646819) Unregulated
In business since year: 2003 2006
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Yes, bank unknown No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
e-Dinar $0 $7 (Once only)
Liberty Reserve $0 $7 (Once only)
WebMoney $0 $7 (Once only)
Wire Transfer $0 $14
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: Unknown Private investors

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Trading Details

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Marketiva

ForexGen

 
Browser platform: No None
Downloadable platform: Novativa Streamsterô ForexGen Metatrader 4 (MT4)
Mobile platform: No None
Phone dealing: No No
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 100:1* $1/unlimited 1/300,000 Swap-free account
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
Swap-free accounts   Yes - no extra fees are incurred on Islamic style accounts   - All accounts are swap-free
Tradeable Instruments: 17    26   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 2 pips (0.0002) 1 pip (0.0001)
Fixed spreads: No No
Guaranteed stop losses? Yes No
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes (some restrictions apply) Yes
Automated Trading: No Yes, on MT4
Trading Hours: Sun. 21:00GMT - Fri. 21:00GMT Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: No No
Account currencies available: AUD, CAD, CHF, EUR, GBP, JPY, USD USD
Platform languages: English 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: Many Arabic, English, Norwegian
Demo account: Unlimited 30 days
Live chat support: Yes - within trading platform Yes, but not helpful
Interest on Margin: No No
Promotions & tournaments: $5.00 real money free for all new accounts (no deposit necessary). 10% of deposit on Mini and Standard Accounts at ForexGen

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