11 February, 2008
Account Types in 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.
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.
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.
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- name: forexgen trader
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