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Compare Forex Brokers EXNESS And Trading Point Forex


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Subjective Ratings

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EXNESS

Trading Point Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Five 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: Five 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: Five 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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EXNESS

Trading Point Forex

 
Registered Business Name: EXNESS Limited Trading Point of Financial Instruments
Broker Headquarters: St. Petersburg, Russia Limassol, Cyprus
Also has offices in: none None
Regulated By: EXNESS is in full compliance with the Russian Federation Financial Legislation FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2008 2009
Broker Capital as of 09-2010 Unknown Unknown
Client Account Segregation: Yes 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
c-Gold $0 1%
CashU $0 3%
Credit Card $0 0.5%
Liberty Reserve $0 1%
Moneybookers $0 1%
Pecunix $0 1.5%
Perfect Money $0 1%
RBK Money $0 1%
WebMoney $0 0.8%
Wire Transfer $0 0.2%
Yandex Money $0 1%
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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EXNESS

Trading Point Forex

 
Browser platform: none None
Downloadable platform: EXNESS Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: none No
Phone dealing: Yes Yes
Order processing: STP (Straight Through Processing) All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Expert 50:1* $100,000/unlimited 100,000/unlimited Spreads from 0.1 pips
Classic 100:1* $10,000/$99,999 10,000/unlimited Spreads from 0.4 pips
Mini 2000:1* $100/$9,999 1,000/1,000,000 units (cumulat Spreads from 0.7 pips
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: 4    58   
No Dealing Desk Execution: Yes All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 0.1 pips (0.00001) on Expert Accounts, 0.4 pips (0.00004) on Classic Accounts, 0.7 pips (0.00007) on Mini Accounts 1.9 pips (0.00019)
Fixed spreads: No, best available buy and sell prices are presented Optional (variable by default, but client can request fixed)
Guaranteed stop losses? No, all orders are executed at best available price 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: Market opening on Sunday: 22.00 (GMT+0).Market close on Friday: 22.00 (GMT+0) 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT GMT
Scalping allowed: Yes, all trading methods are allowed. 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, Russian English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: Unlimited, with re-deposits allowed. 30 days
Live chat support: Yes - well above average in terms of patience and knowledge. Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: None 20% bonus on initial deposit, 10% on all subsequent deposits.

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