Why Trade at 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 world's 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.
