ForexGeN

Trading volume, $350 billion worth of transactions monthly, may be the largest single source of retail currency trades in the world. As a result, we have obtained close banking relationships with seven of the worlds largest and most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two banks may post wide spreads, or simply avoid quoting any price at all. With so many major banks quoting prices to Forexgen, there are competitive spreads, even during market-moving news events.

Forexgen does not take a market position—eliminating a major conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. With our No Dealing Desk execution, however, we fill your orders from the best prices available to us from the banks. While an individual bank may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At Forexgen, prices are not subject to manipulation by a broker or a bank’s dealing desk.

While our competitors are beginning to follow our example of offering No Dealing Desk execution, we have successfully implemented it. Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to execute trades. Our trading platform is tested in all market conditions, routinely handling over 100,000 trades per day.