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Subjective Ratings

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CKfx

Trading Point Forex

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

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Business Details

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CKfx

Trading Point Forex

 
Registered Business Name: CKFX Trading Point of Financial Instruments
Broker Headquarters: Cyprus Limassol, Cyprus
Also has offices in: None None
Regulated By: Unregulated - awaiting FSA approval through Forex Yard FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year:   2009
Broker Capital as of 01-1970   Unknown
Client Account Segregation: HSBC (London) Yes, client funds are segregated from company operating capital.
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0 (Standard) or $10
MasterCard/Maestro $0 $0 (Standard) or $10
Visa $0 $0 (Standard) or $10
Wire Transfer $0 $0 (Standard) or $25
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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CKfx

Trading Point Forex

 
Browser platform: ForexYard Trading Station (Java - MAC compatible) None
Downloadable platform: Forex Yard Trading Station Trading Point Metatrader 4 (MT4)
Mobile platform: ForexYard Trading Station (Java - MAC compatible) 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:
Standard Account 200:1* $1,000/unlimited 10,000/5,000,000
SuperMini Account 200:1* $100/$999 ($1,000+ automatic u $1,000/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   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 30    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? Yes (some restrictions apply) No, all orders are executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: Yes No
If/then orders available: No No
Hedging capability: No Yes, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours: Sunday 21:00GMT to Friday 20:00GMT 00:00 GMT Sunday - 00:00 GMT Friday
Timezone   GMT
Scalping allowed: No Yes, all trading methods are accepted.
Account currencies available: USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Hebrew 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, English, Finnish, French, German, Spanish, Swedish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 30 days 30 days
Live chat support: Yes Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: Open a demo account and keep your profits when you change over to a real account (up to EUR300). 20% bonus on initial deposit, 10% on all subsequent deposits.

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