Finding a Forex broker with a nice and smoothly working website is becoming a difficult task for me. I thought that the website problems is only a feature of the new Forex brokers. But forex broker competition dissolved my delusions. It’s Forex brokers that is working on-line since 2001 and it stills offers some parody instead of the website to its clients. Forex Trading is Forex brokers with the MetaTrader platform and is aimed on the Muslim traders, offering no overnight interest or swaps on the trading accounts. It has a rather high minimum account size ($2,000) and above-the-average spreads (starting from 3 pips on EUR/USD). The only way to fund your trading account at forex broker competition Trading is wire transfer, the same is true for withdrawing the funds. Except for the poorly designed site this broker has also many complaints in other Forex-related communities. But staying in business for more than 7 years should probably weigh more than those complaints.
The Metatrader based platform offers you the deepest liquidity pool, institutional price feed* and excution provided by a bridge from Currenex, LavaFX and Goldman Sachs.
All traders in forex broker competition
news traders, swing traders, day traders and forex scalpers are welcome. Because your are dealing with an ECN (electronic currency network), there is no dealing desk, traders are not pulled out of trades and you do trade anonymously. All orders are routed automatically. Orders are executed based on best available interbank price. If you use "slippage control" and your specified maxixmum slippage has been reached, you will be requoted. This new quote can be accepted or rejected.
Spreads may widen or become tighter because of different market volatilityand forex broker competition
A margin (institutional platform) of 1% of 1 traded lot of USD100,000 doesn't necessary mean $1000. Only where the base currency is USD, like in USDJPY, USDCAD etc., it always is $1000. At an available margin of USD7.5K you can trade a max. of 7 lots of USD100K at a leverage of 100:1.
If the base currency is different, like in GBPUSD, the margin is depending on the currency rate. Example: If the currency rate of GBPUSD = 1.5000, this means a margin of $1,500 (1.5 x $1,000). At an available margin of USD7.5K you can trade max. 5 lots of USD100K at a leverage of 100:1. This is the same for all currency pairs where the GBP is the base currency. For all other base currencies you can use the same calculation method.
MetaTrader 4 Client Terminal has been created to provide trade operations and technical analysis in real time mode, when working at Forex, CFD, Futures financial markets. A wide range of orders allows flexible management of trading activities.
As well as many technical indicators and line studies , there is built-in language for trade strategies programming MetaQuotes Language 4 . Using this language, you can create Expert Advisors , Custom Indicators and Scripts . Expert Advisors can analyze the situation on the market, make decisions, put pending orders, and open positions in on-line mode without trader's participation. Custom Indicators, just like technical ones, can analyze the situation on the market and generate various signals. As for Scripts, they are designed for single execution of some actions
About ForexGen
ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.
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