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• 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.
Major Spots | Symb. | Spread | Lot size | Margin | Pip value | Swap | Trade Hours (GMT) | Euro vs. USDollar | eurusd | 2 | 100k | 1,000 USD | 1PIP= $10 | 0 | Open: Sun 21:00 Close: Fri 20:00 | USDollar vs. Japanese Yen | usdjpy | 2 | 100k | 1,000 USD | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | British Pound vs. USDollar | gbpusd | 3 | 100k | 1,000 USD | 1PIP= $10 | 0 | Open: Sun 21:00 Close: Fri 20:00 | USDollar vs. Swiss Franc | usdchf | 3 | 100k | 1,000 USD | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Australian Dollar vs. USDollar | audusd | 2 | 100k | 1,000 USD | 1PIP= $10 | 0 | Open: Sun 21:00 Close: Fri 20:00 | USDollar vs. Canadian dollar | usdcad | 3 | 100k | 1,000 USD | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | New Zealand Dollar vs. USDollar | nzdusd | 5 | 100k | 1,000 USD | 1PIP= $10 | 0 | Open: Sun 21:00 Close: Fri 20:00 | USDollar vs. South African Rand | usdzar | 100 | 100k | 1,000 USD | 1PIP= 10ZAR | 0 | Open: Sun 21:00 Close: Fri 20:00 | New Zealand Dollar vs. USDollar | nzdusd | 5 | 100k | 1,000 USD | 1PIP = 10USD | 0 | Open: Sun 21:00 Close: Fri 20:00 | USDollar vs. Swedish Krone | usdsek | 50 | 100k | 1,000 USD | 1PIP= 10SEK | 0 | Open: Sun 21:00 Close: Fri 20:00 | USDollar vs. Danish Krone | usddkk | 50 | 100k | 1,000 USD | I PIP = 10DKK | 0 | Open: Sun 21:00 Close: Fri 20:00 | Euro vs. Japanese Yen | eurjpy | 3 | 100k | 1000 EUR | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Euro vs. British Pound | eurgbp | 2 | 100k | 1000 EUR | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Euro vs. Swiss Franc | eurchf | 2 | 100k | 1000 EUR | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Euro vs. Canadian Dollar | eurcad | 7 | 100k | 1000 EUR | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Euro vs. Australian Dollar | euraud | 6 | 100k | 1000 EUR | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | British Pound vs. Japanese Yen | gbpjpy | 7 | 100k | 1000 GBP | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | British Pound vs. Swiss Franc | gbpchf | 6 | 100k | 1000 GBP | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | British Pound vs. Canadian Dollar | gbpcad | 8 | 100k | 1000 GBP | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | British Pound vs. Australian Dollar | gbpaud | 8 | 100k | 1000 GBP | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Swiss Franc vs. Japanese Yen | chfjpy | 2-4 | 100k | 1000 CHF | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Australian Dollar vs. Canadian dollar | audcad | 10 | 100k | 1000 AUD | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Australian Dollar vs. Japanese Yen | audjpy | 5 | 100k | 1000 AUD | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | NewZealand Dollar vs. Japanese Yen | nzdjpy | 10 | 100k | 1000 jpy | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 | Euro vs. Swedish Krone | eursek | 50 | 100k | 1000 AUD | Var. | 0 | Open: Sun 21:00 Close: Fri 20:00 |
Spot Precious Metal | Symbol | Spread | Lot size | Margin | Pip Value | Swap | Trading Hours (GMT) | Spot Gold | XAUUSD | 0.5 | 100 OZ | Variable | 0.1 tick = $10 | 0 | Sun Open 23:00 Mon – Fri Close 17:30 Reopen 18:00 Fri Close: 20:30 | Spot Silver | XAGUSD | 0.04 | 5000 OZ | Variable | 0.01 tick =$10 | 0 | Sun Open 23:00 Mon – Fri Close 17:25 Reopen 18:00 Fri Close: 20:30 |
Future Currencies | Symbol | Spread | Lot size | Margin | Pip value | Swap | Trading Hours (GMT) | European Currency | EC | Market Spread | 125,000 USD | 1,000 USD | 1 pip = $12.5 | 0 | Sun Open: 22:00 Mon-Fri Close 21:00 Reopen 22:00 Fri Close 20:15 | British Pound | BP | Market Spread | 62,500 USD | 1,000 USD | 1 pip = $6.25 | 0 | Sun Open: 22:00 Mon-Fri Close 21:00 Reopen 22:00 Fri Close 20:15 | Swiss Franc | SF | Market Spread | 125,000 USD | 1,000 USD | 1 pip = $12.5 | 0 | Sun Open: 22:00 Mon-Fri Close 21:00 Reopen 22:00 Fri Close 20:15 | Japanese Yen | JY | Market Spread | 12,500,000 USD | 1,000 USD | 1 pip = $12.5 | 0 | Sun Open: 22:00 Mon-Fri Close 21:00 Reopen 22:00 Fri Close 20:15 | Australian Dollar | AD | Market Spread | 100,000 USD | 1,000 USD | 1 pip = $10 | 0 | Sun Open: 22:00 Mon-Fri Close 21:00 Reopen 22:00 Fri Close 20:15 | Canadian Dollar | CD | Market Spread | 100,000 USD | | 1 pip = $10 | 0 | Sun Open: 22:00 Mon-Fri Close 21:00 Reopen 22:00 Fri Close 20:15 |
Future Precious Metal | Symbol | Spread | Lot size | Margin | Pip value | Swap | Trading Hours (GMT) | Gold | GC | Market Spread | 100 oz | 1,000 USD | 0.1 = $10 | 0 | Sun Open: 23:00 Mon-Fri Close 12:00 Reopen 12:20 – 17:30 Reopen 18:00 Fri Close | Silver | SI | Market Spread | 5,000 oz | 1,000 USD | 0.01 = $25 | 0 | Sun Open: 23:00 Mon-Fri Close 12:00 Reopen 12:25 – 17:25 Reopen 18:00 Fri Close 20:30 |
Future US Indices | Symbol | Spread | Lot size | Margin | Pip value | Swap | Trading Hours (GMT) | E-Mini NASDAQ 100 | NQ | Market Spread | USD 20 * Nasdaq100 Index value | 1,000 USD | 0.25 tick = $5 | 0 | Sun Open: 22:00 Mon-Fri Close 20:15 – 20:30 Close 21:30 – 22:00 Fri Close 20:15 | E-Mini S&P 500 | SP | Market Spread | USD 50 * S&P 500 index value | 1,000 USD | 0.25 tick = $12.5 | 0 | Sun Open: 22:00 Mon-Fri Close 20:15 – 20:30 Close 21:30 – 22:00 Fri Close 20:15 | Big Dow Jones | DJ | Market Spread | USD 10* Dow Jones index value | 1,000 USD | 1 tick = $10 | 0 | Sun Open: 23:15 Mon-Fri Close 21:00 Reopen 23:15 Fri close 21:00 | Mini Dow Jones | M-DJ | Market Spread | USD 5* Dow Jones index value | 1,000 USD | 1 tick = $5 | 0 | Sun Open: 23:15 Mon-Fri Close 21:00 Reopen 23:15 Fri close 21:00 |
Energies | Symbol | Spread | Lot size | Margin | Pip value | Swap | Trading Hours (GMT) | miNY Light Sweet Crude Oil | CLM | Market Spread | 1,000 Barrel | 1,000 USD | 0.025 = $25 | 0 | Sun Open: 22:00 Mon-Fri Close 21:15 Reopen 22:00 Fri close 21:15 | miNY Natural Gas | NGN | Market Spread | 2500 mmbtu | 1,000 USD | 0.005 = $12.5 | 0 | Sun Open: 22:00 Mon-Fri Close 21:15 Reopen 22:00 Fri close 21:15 |
Commodities Future | Symbol | Spread | Lot size | Margin | Pip value | Swap | Trading Hours (GMT) | N.Y. Coffee | KC | Market Spread | 37,500 lbs | 1,000 USD | 0.05 tick = $18.75 | 0 | Mon – Fri 13:15 – 16:30 | Sugar No. 11 | SB | Market Spread | 112:000 lbs | 1,000 USD | 0.01= 11.2 $ | 0 | Mon – Fri 13:00 – 15:58 |
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.
The table below shows ForexGen's margin requirements for the different equity levels: Account Equity (US Dollars) | Initial Margin | Maintenance Margin end of each weekday
(before 23:00 CET) | Maintenance Margin on Friday at 23:00 CET & before holidays | Less than 25,000 | 0.5% | No minimum required. Accounts are only stopped out at the stop out level. | 0.5% | 25,000 to 1,000,000 | 1% | No minimum required. Accounts are only stopped out at the stop out level. | 1% | 1,000,000 to 5,000,000 | 2% | 2% | 2% | 5,000,000 to 10,000,000 | 3% | 3% | 3% | Above 10,000,000 | 5% | 5% | 5% |
For accounts with equity below $1,000,000 there is no maintenance margin during the week; however, the margin level must be respected by Friday at 23:00 CET and before holidays.
For accounts with amounts above $1,000,000, the required margin levels must be respected by the end of each weekday. Accounts that fail to meet the required margin levels at the above mentioned hours, must close all or part of their open positions, open a hedge position or deposit more money. Margin requirements for Gold and Silver:
(Number of lots * Contract size * Market price * Percentage / 100) ForexGen reserves the right to correct any error, inaccuracy, omission or to change or update the content without prior notice to you.
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