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Subjective Ratings

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Fast Brokers

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 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: Four and Half star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Five 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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Fast Brokers

Trading Point Forex

 
Registered Business Name: Fast Trading Services LLC Trading Point of Financial Instruments
Broker Headquarters: Glendale, California, USA Limassol, Cyprus
Also has offices in: None None
Regulated By: NFA (ID#: 0342002)
CFTC Registered
FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2004 2009
Broker Capital as of 07-2009 Unknown Unknown
Client Account Segregation: Yes (some restrictions apply) 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
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: Currenex®, Integral®, Fortex®, Stonex Unknown

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Trading Details

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Fast Brokers

Trading Point Forex

 
Browser platform: Fast Brokers Currenex Java Classic None
Downloadable platform: PathFinder Trader™ Trading Point Metatrader 4 (MT4)
Mobile platform: Coming Soon No
Phone dealing: Yes Yes
Order processing: DMA to multiple ECNs All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/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 fees are incurred on Islamic style accounts   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 21    58   
No Dealing Desk Execution: There is no dealing desk intervention All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 0.4 pips (0.00004) on ECN2 feed 1.9 pips (0.00019)
Fixed spreads: Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts. Optional (variable by default, but client can request fixed)
Guaranteed stop losses? No, 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: Yes No
If/then orders available: Yes No
Hedging capability: Yes, a workaround to the NFA FIFO rule is in place, using separate feeds.. 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 5.00 PM to Friday 04.00 PM EST 00:00 GMT Sunday - 00:00 GMT Friday
Timezone User defined GMT
Scalping allowed: Yes, without restrictions Yes, all trading methods are accepted.
Account currencies available: CHF, EUR, GBP, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Many 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: Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 30 days 30 days
Live chat support: 24/5 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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