Contract Specifications
• ForexGen is specialized in dealing spots, future and stocks; our clients can trade gold, silver, currencies spots and futures.
• For faster, more efficient and successful trading, ForexGen provides the result of online trading experience performed in ForexGen Trading Station which allows our clients to trade live streaming prices without a request for quote and with low spread forex trading.
• ForexGen's dealing room operates 24 hours a day from Sunday 23:00 CET until Friday 23.00 CET.
• The minimum amount to open an account is $250 USD.
• Lot is a predefined amount of a currency.
Important notice: all defined spreads above are targeted spreads, in volatile market situations and in important news or announcements, the above mentioned spreads can be increased for any pair. ForexGen reserve the right to change the values mentioned above at any time for any reason; a notification e-mail shall be sent to all clients to acknowledge any change in the contracts specifications.
How to trade Mini and Micro Lots
All ForexGen clients have the possibility to trade Mini and Micro Lots. The minimum amount clients can trade in Standard Account is 0.1 lot, i.e. 10,000 of the base currency (Mini Lot), The minimum amount clients can trade in Mini Account is 0.1 lot, i.e. 1,000 of the base currency (Micro Lot).
SWAP-FREE ACCOUNTS
ForexGen offers the swap-free accounts. Currency swaps will not apply to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn. ForexGen will invoke this right in case of suspicion of abuse.
Stop, limit Order Execution
Our dealing room always tries to execute top orders (sell stop, buy stop, sell limit and buy limit) at the indicated price unless in the market gaps where price changes at a sudden and it is impossible to fill you with the price that initially requested.
Our dealers always try to fill you at the best price that can be achieved.
Streamline Dealing
ForexGen's clients buy and sell without a request for quote and that means ForexGen provides streamline dealing and tries hard to avoid requotes.
When clients try to take advantage of a wrong price quotes in the Market Watch, requotes take place.
Phone Dealing
ForexGen's dealing room operates 24 hours a day from Sunday 23:00 CET to Friday 23:00 CET, with consider to the Future currencies time
To trade by phone, the minimum amount for the client can trade by 10 lots (i.e. 1,000,000 of the base currency).
However, in the unlikely event of a breakdown of the ForexGen's online trading system, there are no minimum requirements for trade by phone.
ForexGen provides a high level of clients' security; the client has to state his/her password every time s/he trades by phone.
Margins
The margin or leverage a client can have depends on the client's account equity.
