Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers FXCM And Trading Point Forex


 Compare more forex brokers

Visit FXCM Visit Trading Point Forex


Subjective Ratings

Compare Category

FXCM

Trading Point Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four 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: Five 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: Four star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four and Half star Withdrawal processing Rating Five star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

Visit FXCM Visit Trading Point Forex

Business Details

Compare Category

FXCM

Trading Point Forex

 
Registered Business Name: Forex Capital Markets LLC Trading Point of Financial Instruments
Broker Headquarters: New York City, USA Limassol, Cyprus
Also has offices in: London, Hong Kong and Tokyo None
Regulated By: USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 1999 2009
Broker Capital as of 11-2008 $131,416,979 Unknown
Client Account Segregation: Available to all clients of FXCM UK which welcomes US-based clients. 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
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: 10 top-tier banks - names not disclosed Unknown

Visit FXCM Visit Trading Point Forex

Trading Details

Compare Category

FXCM

Trading Point Forex

 
Browser platform: Java Trading Station (for Mac users) or FXCM ActiveTrader None
Downloadable platform: FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: Java Trading Station (for Mac users) or FXCM ActiveTrader No
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Gold Account 200:1* $25,000/unlimited 10,000/50,000,000
Standard Account 200:1* $2,000/unlimited 10,000/50,000,000
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: 32    58   
No Dealing Desk Execution: All orders All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 2.3 pips (0.00023) 1.9 pips (0.00019)
Fixed spreads: No Optional (variable by default, but client can request fixed)
Guaranteed stop losses? All orders are 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
Hedging capability: No 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: Sunday 5:00PM ET to Friday 4:00PM ET 00:00 GMT Sunday - 00:00 GMT Friday
Timezone User-defined (GMT is the defau GMT
Scalping allowed: Yes, FXCM does not impose any restrictions on your trading style. Yes, all trading methods are accepted.
Account currencies available: AUD, CAD, EUR, GBP, JPY, NZD, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: English 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, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 30 days 30 days
Live chat support: Normally 24/7 but may be down for weekly maintenance outside of trading hours. Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: Courses and seminars/webinars with professional traders offered to real account holders. Gold account holders also get preferred treatment, free ProRealTime Charting package and a complimentary $1,000 daytrading course. 20% bonus on initial deposit, 10% on all subsequent deposits.

Visit FXCM Visit Trading Point Forex


Bookmark and Share