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Compare Forex Brokers Sigma Forex And Baron Forex


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Subjective Ratings

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Sigma Forex

Baron Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Zero Execution Rating Three star Execution Rating
Transaction costs (spreads): Five 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: 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 star Rollover interest rates Rating
Withdrawal processing: Zero Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Two and Half star Average Rating Four star Average Rating

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Business Details

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Sigma Forex

Baron Forex

 
Registered Business Name: Sigma Forex BFX Capital Inc.
Broker Headquarters: Oslo, Norway Belize City, Belize
Also has offices in: Virtual Office in Zurich, Switzerland New York, Toronto, Cyprus
Regulated By: Unregulated IFSC (Belize) No. 6012909
In business since year: 2003 2008
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
e-Gold $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: Private investors Several major banks in Switzerland and the UK

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Trading Details

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Sigma Forex

Baron Forex

 
Browser platform: None None
Downloadable platform: Metatrader 4 (MT4) Baron Forex Metatrader 4 (MT4)
Mobile platform: None None
Phone dealing: No Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
No Dealing Desk Account 500:1* $2,000/unlimited $1,000/$50,000,000
Dealing Desk Account 500:1* $500/unlimited $1,000/$50,000,000
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts   - All accounts are swap-free   Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 26    26   
No Dealing Desk Execution: Apparently available, but maybe misleading information Not available
Typical spread on EUR/USD: 1 pip (0.0001) 2 pips (0.0002) FIXED
Fixed spreads: No Yes
Guaranteed stop losses? No Yes, stop loss orders are guaranteed against slippage
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 24:00 GMT to Friday 24:00 GMT Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT GMT datafeed
Scalping allowed: No Yes, traders are free to practice any trading style.
Account currencies available: AUD, CHF, EUR, GBP, USD CAD, EUR, USD
Platform languages: Arabic, Bulgarian, Chinese, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, 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: English English, Spanish
Demo account: 30 days 30 days
Live chat support: Yes, but very poor Yes, excellent support is available during trading hours.
Interest on Margin: No No
Promotions & tournaments: Win a $50 account if you predict price. Trading tournaments also available. $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

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