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Compare Forex Brokers Easy Forex And Trading Point Forex


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Subjective Ratings

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Easy Forex

Trading Point Forex

Charting: One star Charting Rating Four and Half star Charting Rating
Execution: Five 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: Three star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four and Half star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Five 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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Easy Forex

Trading Point Forex

 
Registered Business Name: Easy Forex US Ltd. Trading Point of Financial Instruments
Broker Headquarters: Limassol, Cyprus Limassol, Cyprus
Also has offices in: Chicago, Melbourne, Sydney, Manila, Tel Aviv None
Regulated By: * ASIC AFSL (Australia);
* CySEC (Cyprus);
* CFTC & NFA (USA)
FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year:   2009
Broker Capital as of 01-1970 $10,606,977 Unknown
Client Account Segregation: Basler Kantonalbank 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
Not loaded
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: UBS, RBS (Royal Bank of Scotland) Unknown

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Trading Details

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Easy Forex

Trading Point Forex

 
Browser platform: Easy-Forex® (proprietary) None
Downloadable platform: No Trading Point Metatrader 4 (MT4)
Mobile platform: Easy-Forex® (proprietary) 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:
VIP Account 200:1* $10,000/unlimited $1,000,000/unlimited
Mini Account 200:1* $200/$499 $2,500/unlimited
Platinum Account 200:1* $500/$4,999 $50,000/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 and available to everyone, not just Islamic traders
Tradeable Instruments: 21    58   
No Dealing Desk Execution: Yes (dealing desk available on request) All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 3-7 pips, depending on account type 1.9 pips (0.00019)
Fixed spreads: Yes (except after-hours) Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Yes No, all orders are executed at best available price.
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available:   No
Hedging capability: Yes Yes, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours: Sun. 20:00GMT - Fri. 21:00GMT (trading outside these times available but incurs higher spread costs) 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT GMT
Scalping allowed: No Yes, all trading methods are accepted.
Account currencies available: AUD, CAD, CHF, EUR, GBP, ILS, JPY, NOK, NZD, PLN, SGD, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish 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, English, French, German, Greek, Hebrew, Polish, Russian, Spanish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 15 days 30 days
Live chat support: Yes (Monday-Friday 06:00am GMT until 4pm GMT) Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments:   20% bonus on initial deposit, 10% on all subsequent deposits.

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