Broker Search

Broker Search

   
 


Trading Point Forex Review

Trading Point Forex is a relatively new MT4 forex broker that is becoming well established as a result of the solid trading conditions and support services on offer, as well as being regulated by some of the world's most stringent regulatory agencies such as the FSA. Trading Point also ensures client funds safety, by keeping it segregated from company operating capital.

A good number of tradable instruments is available (58 in total), including gold, silver, oil and the Dow Jones Industrial. While larger account holders can only trade standard lots (100,000 units), smaller account holders can resolve their money management rules down to micro lots (1,000) units, which is acceptable for all but the smallest accounts.

Trading Point Forex offers relatively low variable spreads (average 1.9 pips on EUR/USD) and good fixed spreads, should you choose that option. Payment processing is quick and painless, and a number of different deposit/withdrawal methods are available. The best thing is that Trading Point doesn't charge any fees whatsoever, on any deposits or withdrawals, regardless of the method (please note that the payment processors may charge fees). Initial deposits are granted a 20% bonus, and all subsequent deposits are granted 10% bonuses, giving you a significant bit of extra capital to trade with.

All in all, Trading Point Forex is a solid overall package that gives traders good trading conditions, the peace of mind that comes with a strongly regulated environment and segregated accounts, the familiar MT4 platform, and good customer support.

BONUS: 20% on initial deposit, 10% on all subsequent deposits.

Visit Trading Point Forex 

Compare Trading Point Forex With  


Subjective Ratings

Charting: Four and Half star Charting Rating
Execution: Four star Execution Rating
User-friendliness: Four and Half star User-friendliness Rating
Customer support: Four star Customer Support Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating
Rollover interest rates: Five star Rollover interest rates Rating
Withdrawal processing: Five star Withdrawal processing Rating
Platform Functionality: Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating
Average rating: Four and Half star Average Rating

Visit Trading Point Forex

Compare Trading Point Forex With  


Business Details

Broker Headquarters: Limassol, Cyprus
Regulated By: FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
Client Account Segregation: Yes, client funds are segregated from company operating capital.
Collect Taxes on Earnings: No
Accept US traders?:
Main liquidity providers: Unknown
Broker Capital as of 10-2011 Unknown
Also has offices in: None
Registered Business Name: Trading Point of Financial Instruments
In business since year: 2009
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0

Visit Trading Point Forex

Compare Trading Point Forex With  


Trading Conditions

Browser platform: None
Downloadable platform: Trading Point Metatrader 4 (MT4)
Mobile platform: No
Phone dealing: Yes
No Dealing Desk Execution: All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Fixed spreads: Optional (variable by default, but client can request fixed)
Guaranteed stop losses? No, all orders are executed at best available price.
Hedging capability: Yes, traders can hold both long and short positions in the same currency pair at the same time.
Trading Hours: 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT
Scalping allowed: Yes, all trading methods are accepted.
Account currencies available: AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 30 days
Live chat support: Yes
Promotions & tournaments: 20% bonus on initial deposit, 10% on all subsequent deposits.
Swap-free accounts  Yes - no extra charges and available to everyone, not just Islamic traders
Typical spread on EUR/USD: 1.9 pips (0.00019)
Order processing: All orders routed through dealing desk.
OCO orders available: No
Trailing Stops: Client-side
If/then orders available: No
Account Types
Account Maximum
Leverage
Minimum/Maximum
deposit:
Minimum/Maximum
trade size:
Notes
Micro 500:1* $1/$3,000 1,000/100,000 units Swap-free (Islamic) optional
Standard 200:1* $3,000/$100,000 100,000/5,000,000 units Swap-free (Islamic) optional
Executive 100:1* $100,000/unlimited 100,000/5,000,000 units Swap-free (Islamic) optional
Tradeable Instruments: 58   
Automated Trading: Yes
Depth of market view (Liquidity): No depth of market view available
Interest on Margin: Yes on unused margin
Pending Orders Away from Market: 0 pips (No restriction)

Visit Trading Point Forex

Compare Trading Point Forex With  


* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.

<< EXNESS ReviewICM Trading Review >>

Related Material

Comments

See what other readers have to say, tell the world what you think.

Bookmark and Share