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Compare Forex Brokers Baron Forex And Trading Point Forex


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Subjective Ratings

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Baron Forex

Trading Point Forex

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

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Business Details

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Baron Forex

Trading Point Forex

 
Registered Business Name: BFX Capital Inc. Trading Point of Financial Instruments
Broker Headquarters: Belize City, Belize Limassol, Cyprus
Also has offices in: New York, Toronto, Cyprus None
Regulated By: IFSC (Belize) No. 6012909 FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2008 2009
Broker Capital as of 10-2009 Unknown Unknown
Client Account Segregation: Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE 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
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: Several major banks in Switzerland and the UK Unknown

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Trading Details

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Baron Forex

Trading Point Forex

 
Browser platform: None None
Downloadable platform: Baron Forex Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: None No
Phone dealing: Yes Yes
Order processing: All orders routed through dealing desk. All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
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 if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 26    58   
No Dealing Desk Execution: Not available All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 2 pips (0.0002) FIXED 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, clients can hold both long and short positions in the same currency pair at the same time. Yes, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes Yes
Trading Hours: Sunday 5:00 PM New York time until Friday 4:30 PM New York time 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT datafeed GMT
Scalping allowed: Yes, traders are free to practice any trading style. Yes, all trading methods are accepted.
Account currencies available: CAD, EUR, USD 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 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, Spanish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 30 days 30 days
Live chat support: Yes, excellent support is available during trading hours. Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded. 20% bonus on initial deposit, 10% on all subsequent deposits.

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