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Compare Forex Brokers AskOBid And Trading Point Forex


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Subjective Ratings

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AskOBid

Trading Point Forex

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

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Business Details

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AskOBid

Trading Point Forex

 
Registered Business Name: O.C.M. Online Capital Markets Ltd. Trading Point of Financial Instruments
Broker Headquarters: Limassol, Cyprus Limassol, Cyprus
Also has offices in: none None
Regulated By: CySEC FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2010 2009
Broker Capital as of 08-2010 Unknown Unknown
Client Account Segregation: Yes - funds held at Marfin Popular Bank, Cyprus Yes, client funds are segregated from company operating capital.
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
4B Debit
AMEX
Carta Si
Carte Bleue
Dankort Debit
Delta Debit
Diners Club
EC
eNETS
ePay.bg
EPS
Euro6000 Debit
giropay
iDEAL
JCB
Laser Debit
MasterCard/Maestro
Moneybookers
Netelis Asia
Nordea
POLi
Postepay
Przelewy24
Sofort
Solo Debit
UnionPay
Visa
Visa Electron
Westpac (WBK)
Wire Transfer
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: Unknown Unknown

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Trading Details

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AskOBid

Trading Point Forex

 
Browser platform: AskOBid Trader (Tradorz) None
Downloadable platform: AskOBid Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: AskOBid Trader (Tradorz) No
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum Account 200:1* $10,001/unlimited 100,000/30,000,000 units
Silver Account 200:1* $100/$1,000 5,000/500,000 units
Gold Account 200:1* $1,001/$10,000 25,000/5,000,000 untis
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Micro 500:1* $1/$3,000 1,000/100,000 units Swap-free (Islamic) optional
Executive 100:1* $100,000/unlimited 100,000/5,000,000 units Swap-free (Islamic) optional
Standard 200:1* $3,000/$100,000 100,000/5,000,000 units Swap-free (Islamic) optional
Swap-free accounts   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 48    58   
No Dealing Desk Execution: Depending on risk profile All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 3 pips (0.0003) FIXED (depending on account type) 1.9 pips (0.00019)
Fixed spreads: Yes Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Yes, stop loss orders are guaranteed against slippage. No, all orders are executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 21:00 PM GMT to Friday 21:00 PM GMT 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT GMT
Scalping allowed: Yes on MT4, but not on AskOBid platform (2 min. required between open & close) Yes, all trading methods are accepted.
Account currencies available: USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish 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, German, Portuguese, Spanish, Turkish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 21 days 30 days
Live chat support: Yes - polite but not particularly knowledgeable Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: 10% deposit bonus on Silver Accounts, 15% on Gold, 30% on Platinum! 20% bonus on initial deposit, 10% on all subsequent deposits.

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