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Compare Forex Brokers FXcast And Trading Point Forex


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Subjective Ratings

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FXcast

Trading Point Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Three and Half 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 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: Three 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 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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FXcast

Trading Point Forex

 
Registered Business Name: FXcast, a Surplus Finance S.A. Company Trading Point of Financial Instruments
Broker Headquarters: Mauritius Limassol, Cyprus
Also has offices in: Central Europe, Indonesia, China, Middle East, Malaysia, Africa None
Regulated By: FSC Mauritius under the Financial Services Development Act 2001 FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2007 2009
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Yes, funds held at Pireaeus Bank, Cyprus 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
AlertPay $0 1% (min. $8)
c-Gold $0 1% (min. $8)
CC by Moneybookers 2% 2%
Liberty Reserve $0 1% (min. $8)
MasterCard 5.5% Withdraw to bank acc
Moneybookers $0 1% ($8 min.)
Perfect Money $0 0.5% (min. $8)
Solid Trust Pay $0 1% (min. $8)
StrictPay $0 1% (min. $8)
Visa 5.5% Withdraw to bank acc
WebMoney $0 $5
Wire Transfer $0 1.5% ($30-$65)
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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FXcast

Trading Point Forex

 
Browser platform: None None
Downloadable platform: FXcast MetaTrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: FXcast Metatrader 4 (MT4) Mobile No
Phone dealing: No Yes
Order processing: Market Maker or Straight-Through Processing based on lots traded and risk profile as determined by FXcast risk server All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1 $10/unlimited 1,000/5,000,000
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   Swap-free accounts incur a $0.05 fee per 1,000 unit round-turn trade.   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 36    58   
No Dealing Desk Execution: 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) 1.9 pips (0.00019)
Fixed spreads: Yes Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Yes - all limit orders experience NO 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 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 11:00 p.m. GMT and end each Friday 11:00 p.m. 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT GMT
Scalping allowed: No Yes, all trading methods are accepted.
Account currencies available: EUR, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Chinese, Croatian, English, French, German, Indonesian, Malay, Portuguese, Russian 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: Chinese, English, French, German, Indonesian, Malay, Portuguese, Russian, Spanish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 4 weeks 30 days
Live chat support: Yes - during trading hours Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: On-going tournaments - visit site for details. 20% bonus on initial deposit, 10% on all subsequent deposits.

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