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Compare Forex Brokers ForexGen And Trading Point Forex


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Subjective Ratings

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ForexGen

Trading Point Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Zero Execution Rating Four star Execution Rating
Transaction costs (spreads): Four and Half star Transaction Costs (spreads) Rating Four 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 Four star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Zero Withdrawal processing Rating Five 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

Trading Point Forex

 
Registered Business Name: ForexGen Trading Point of Financial Instruments
Broker Headquarters: Oslo, Norway  
Also has offices in: none None
Regulated By: Unregulated  
In business since year: 2006 2009
Broker Capital as of 04-2009 Unknown Unknown
Client Account Segregation: No  
Collect Taxes on Earnings: No  
Prohibit clients from: Yes  
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: Private investors  

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Trading Details

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ForexGen

Trading Point Forex

 
Browser platform: None None
Downloadable platform: ForexGen Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: None No
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:
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:
Micro 500:1* $1/$3,000 1,000/100,000 units Swap-free (Islamic) optional
Executive 100:1* $100,000/unlimited 100,000/5,000,000 units Swap-free (Islamic) optional
Standard 200:1* $3,000/$100,000 100,000/5,000,000 units Swap-free (Islamic) optional
Swap-free accounts   - All accounts are swap-free   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 26    1   
No Dealing Desk Execution: No  
Typical spread on EUR/USD: 1 pip (0.0001) 1.9 pips (0.00019)
Fixed spreads: No  
Guaranteed stop losses? No  
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes  
Automated Trading: Yes, on MT4
Trading Hours: Open: Sun 21:00GMT Close: Fri 20:00GMT  
Timezone GMT GMT
Scalping allowed: No  
Account currencies available: 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
Support languages: Arabic, English, Norwegian
Demo account: 30 days  
Live chat support: Yes, but not helpful  
Interest on Margin: No
Promotions & tournaments: 10% of deposit on Mini and Standard Accounts at ForexGen  

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