Wednesday, April 2, 2008

Different 5 Accounts with ForexGen

Active traders who wish to enjoy the Forex trading advantages can work with the ForexGen account. ForexGen provides leverage up to 500:1 and 100,000 - 10,000 Trade Sizes. Open an account with as little as $250.

ForexGen offer swap-free accounts. Swaps will not be applied to ForexGen accounts.

ForexGen will not charge a fee of per traded lot round turn.

Live Account Type

Mini Account

Standard Account

Pro Account

Premium Account

No Dealing Account

Minimum Account Size $

250

2500

5000

50.000

20.000

Recommended Account Size

1000

10,000

20,000

100,000

50,000

Maximum Account Size $

2500

n/a

n/a

n/a

n/a

Swap/commissions

n/a

n/a

n/a

n/a

n/a

Lots Available

mini-micro

stand-mini

stand-mini

stand-mini

stand-mini

Lot Size

10,000 unites for mini lot and 1000 unites for micro lot

100,000 unites for standard lot and 10,000 unites for mini lot

100,000 unites for standard lot and 10,000 unites for mini lot

100,000 unites for standard lot and 10,000 unites for mini lot

100,000 unites for standard lot and 10,000 unites for mini lot

Leverage

From 1:200 up to 1:500

1:100

1:100

1:50

1:100

Trading symbols

24 major and cross forex spots+ silver and gold

24 major and cross forex spots+ silver and gold

24 major and cross forex spots+ silver and gold

24 major and cross forex spots+ silver and gold

24 major and cross forex spots+ silver and gold

Spread Majors

Fixed 2 pips spread

Fixed 2 pips spread

Fixed 1 pip spread in 10 pairs (EURUSD,USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY)

Fixed 0 pip spread in 10 pairs (EURUSD, USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY)

By market

Spread Crosses

Fixed (3+ pips spread)

Fixed (3+ pips spread)

Fixed (3+ pips spread)

Fixed (3+ pips spread)

By market

Aprox. Pip Value for spots

$1 Per Pip -mini lot and $ 0.1- micro lot

$10 Per Pip-standard lot and $ 1-mini lot

$10 Per Pip-standard lot and $ 1-mini lot

$10 Per Pip-standard lot and $ 1-mini lot

$10 Per Pip-standard lot and $ 1-mini lot

News & Charts directly on platform

Yes

Yes

Yes

Yes

Yes

Lot Margin

($ 50-mini and $ 5- micro lot) with leverage 1:200, ($ 33.33- mini and $ 3.33- micro lot ) with leverage 1:300,($ 25- mini and $ 2.5- micro lot ) with leverage 1:400($ 20- mini and $ 2- micro lot ) with leverage 1:500

$ 1000-standard lot and $ 100- mini lot

$ 1000-standard lot and $ 100- mini lot

$ 1000-standard lot and $ 100- mini lot

$ 1000-standard lot and $ 100- mini lot

Trading execution

Dealing Desk Enabled, OTC execution

Dealing Desk Enabled, OTC execution

Dealing Desk Enabled, OTC execution

Dealing Desk Enabled, OTC execution

NDD (sells and buys by market)


Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just a few minutes. Representatives are available 24 hours a day, 7 days a week.

Account Size
The minimum amount required for opening a ForexGen Live trading account is $2,500 for standard Account and $250 for Mini Account but the recommended minimum investment size is $10,000 for standard Account and $1,000 for Mini Account. That is because of the high leverage and the extremely volatile nature of the Forex market.

Trade Size
All trades are executed in standard sizes of 100,000 base currency for standard Account and 10,000 base currency for Mini Account per one lot on the ForexGen
trading platform. There is no maximum trading volume on the ForexGen trading platform.

Pip/Tick Value
Trading on the ForexGen Platform facilitates calculating the profit and loss. In the EUR/USD and almost the other 17 currency pairs, a movement of one pip/tick value in the exchange rate equals ten dollar profit or loss for standard Account and one dollar profit or loss for Mini Account in the account value per lot.

Margin Requirement
Guaranteed Limited Risk: The account equity, the total floating value of the account, is an important safety feature in the ForexGen system that prevents traders from losing more money than they have in the account. Should the account equity fall below the margin requirement of approximately 5%, the system will close all opened positions.

Spread
All
spreads are fixed intra-day and night and ForexGen maintains fixed spreads during normal market conditions.

Dealing Spreads

(Standard & Mini Accounts Only)

Currency Pair

Spread


Currency Pair

Spread

EUR/USD

2 pips


EUR/CHF

2 pips

USD/JPY

2 pips


EUR/CAD

7 pips

USD/CHF

3 pips


EUR/AUD

6 pips

USD/CAD

3 pips


GBP/JPY

7 pips

GBP/USD

3 pips


GBP/CHF

6 pips

EUR/JPY

3 pips


CHF/JPY

2-4 pips

AUD/USD

2 pips


AUD/CAD

10 pips

NZD/USD

5 pips


AUD/JPY

5 pips

EUR/GBP

2 pips


AUD/NZD

10 pips

NZD/JPY

6 pips





ForexGen also offers a "No Dealing Desk" execution option which does not provide fixed spreads or guarantee regarding slippage. Clients are able to select this option at ForexGen's discretion.

Liquidation
Any depreciation occurring to a point of depletion of an entire balance in Forex account, will be liquidated automatically without any margin calls.

Fees
ForexGen customers enjoy trading without commissions, transaction fees, overnight performance fees or execution.

Overnight positions (swap)
ForexGen offers swap-free accounts.
Swaps will not be applied to ForexGen accounts.

Deposit currency
Clients can select to fund their live accounts with USD or EURO.

Reporting
Complete and full detailed reporting about the account trading activities are generated 24 hours a day, 7 days a week.

Opening a live Account Online
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just minutes. Representatives are available 24 hours a day, 7 days a week.

Please visit our site at:

http://www.forexgen.com/

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