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Compare Forex Brokers AvaTrade And Trading Point Forex


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Subjective Ratings

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AvaTrade

Trading Point Forex

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

Trading Point Forex

 
Registered Business Name: AvaTrade Trading Point of Financial Instruments
Broker Headquarters: Tel Aviv, Israel Limassol, Cyprus
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not). None
Regulated By: Central Bank of Ireland FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2006 2009
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank 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
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)
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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AvaTrade

Trading Point Forex

 
Browser platform: AvaJava None
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader) Trading Point Metatrader 4 (MT4)
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone 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 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
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   Yes - no extra charges and available to everyone, not just Islamic traders   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 43    58   
No Dealing Desk Execution: No 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) 1.9 pips (0.00019)
Fixed spreads: Yes Optional (variable by default, but client can request fixed)
Guaranteed stop losses? No - orders executed at best available price No, all orders are executed at best available price.
Trailing Stops: Server-side Client-side
OCO orders available: Yes 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: On MT4 and ActTrader Yes
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT GMT
Scalping allowed: Fast trading is OK. Arbitrage is not. Yes, all trading methods are accepted.
Account currencies available: EUR, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, 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: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 21 days 30 days
Live chat support: Yes - very helpful staff Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals. 20% bonus on initial deposit, 10% on all subsequent deposits.

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