Opinions and information about the FxGen broker
¿It is the broker FxGen (aka fx-gen.com) really trustworthy? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The FxGen broker is a broker of: Forex, CFDs and Cryptocurrencies.
The broker mentions to be part of: FXGEN LTD.
FxGen is based in: Saint Vincent and the Grenadines.
If we talk about regulation, FxGen is: they mention regulation of Saint Vincent and the Grenadines, which in our opinion is a very bad regulation, very unsafe. In our opinion, it is the same as having no regulation at all.
We will continue to analyze the different account types that FxGen offers. In the case of FxGen, we note that they offer 4 different plans or types of account: the Lite Account, the General Account, the Digital Account and the Prime Account.
Lite account- Minimum initial deposit of $ 0, no commission, variable spread, leverage up to 1: 100, bonus up to 50%.
General Account- Minimum initial deposit of $ 0, no commission, variable spread, leverage up to 1: 100, bonus up to 100%.
Digital Account- Minimum initial deposit of $ 10.000, no commission, variable spread, leverage up to 1: 100, bonus up to 100%.
Prime Account- Minimum initial deposit of $ 50.000, no commission, variable spread, leverage up to 1: 100, bonus up to 100%.
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The platforms used to trade are: the MT4 and MT5 platforms.
Now, yes, we will go on to analyze the different resources and aids that the company provides to traders on its website: some explanations of the products that FxGen offers, some educational sections, economic calendar, trading calculator, really not much else.
Additional information about the company
Phone number: +1 (315) 544 0500
Clarification: The investment company FxGen works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.
Why? It is a regulated broker, but due to a very unsafe regulator (Saint Vincent and the Grenadines), it is based in unsafe countries (Saint Vincent and the Grenadines), when looking for information and other evaluations about FxGen we found almost no reviews, which us It suggests that it is a "new" company, without a track record.
June 2020 update: CNMV, Spanish financial regulator, has reported FxGen for fraudulent activities
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