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Compare Forex Brokers Sigma Forex And ForexGen


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Subjective Ratings

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Sigma Forex

ForexGen

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Zero Execution Rating Zero 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 Zero Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Zero Rollover interest rates Rating
Withdrawal processing: Zero Withdrawal processing Rating Zero Withdrawal processing Rating
Average rating: Two and Half star Average Rating Two and Half star Average Rating

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Business Details

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Sigma Forex

ForexGen

 
Registered Business Name: Sigma Forex ForexGen
Broker Headquarters: Oslo, Norway Oslo, Norway
Also has offices in: Virtual Office in Zurich, Switzerland none
Regulated By: Unregulated Unregulated
In business since year: 2003 2006
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
e-Gold $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: Private investors Private investors

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Trading Details

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Sigma Forex

ForexGen

 
Browser platform: None None
Downloadable platform: Metatrader 4 (MT4) ForexGen Metatrader 4 (MT4)
Mobile platform: None None
Phone dealing: No No
Order processing: Market Maker Market Maker
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 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   - All accounts are swap-free   - All accounts are swap-free
Tradeable Instruments: 26    26   
No Dealing Desk Execution: Apparently available, but maybe misleading information No
Typical spread on EUR/USD: 1 pip (0.0001) 1 pip (0.0001)
Fixed spreads: No No
Guaranteed stop losses? No No
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours: Sunday 24:00 GMT to Friday 24:00 GMT Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: No No
Account currencies available: AUD, CHF, EUR, GBP, USD 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 Arabic, English, Norwegian
Demo account: 30 days 30 days
Live chat support: Yes, but very poor Yes, but not helpful
Interest on Margin: No No
Promotions & tournaments: Win a $50 account if you predict price. Trading tournaments also available. 10% of deposit on Mini and Standard Accounts at ForexGen

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