Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers eToro And ForexGen


 Compare more forex brokers

Visit eToro Visit ForexGen


Subjective Ratings

Compare Category

eToro

ForexGen

Charting: Three and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Zero Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four and Half star Transaction Costs (spreads) Rating
User-friendliness: Five 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: Three star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Five star Customer Support Rating Zero Customer Support Rating
Rollover interest rates: Zero 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

Visit eToro Visit ForexGen

Business Details

Compare Category

eToro

ForexGen

 
Registered Business Name: Tradonomi LLC ForexGen
Broker Headquarters: Cyprus Oslo, Norway
Also has offices in: None none
Regulated By: CySEC (Cyprus)
NFA (0382918 eToro USA)
NOT a CFTC-registered FCM
Unregulated
In business since year: 2004 2006
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Marfin Popular Bank, Cyprus No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club
MasterCard
Moneygram
NETeller
PayPal
Visa
Western Union
Wire Transfer
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
Main liquidity providers: Unknown Private investors

Visit eToro Visit ForexGen

Trading Details

Compare Category

eToro

ForexGen

 
Browser platform: WebTrader None
Downloadable platform: eToro (proprietary) ForexGen Metatrader 4 (MT4)
Mobile platform: WebTrader None
Phone dealing: Yes No
Order processing: STP (Straight Through Processing) Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1* $50/unlimited 1,000
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   Yes - no extra fees are incurred on Islamic style accounts   - All accounts are swap-free
Tradeable Instruments: 18    26   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 3 pips (0.0003) 1 pip (0.0001)
Fixed spreads: Yes No
Guaranteed stop losses? Yes No
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available:   No
Hedging capability: Yes Yes
Automated Trading: No Yes, on MT4
Trading Hours: Sun. 21:00GMT - Fri. 20:00GMT Open: Sun 21:00GMT Close: Fri 20:00GMT
Timezone GMT GMT
Scalping allowed: No, eToro does not allow scalping No
Account currencies available: USD USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Greek, Italian, Japanese, Portuguese, Russian, Spanish, 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, Chinese, English, Finnish, French, German, Greek, Hindi, Italian, Portuguese, Russian, Spanish, Turkish Arabic, English, Norwegian
Demo account: Unlimited 30 days
Live chat support: Yes - within platform Yes, but not helpful
Interest on Margin: No No
Promotions & tournaments: 5% bonus on deposits of $20,000 or more. 10% of deposit on Mini and Standard Accounts at ForexGen

Visit eToro Visit ForexGen


Bookmark and Share