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Compare Forex Brokers Finexo And Trading Point Forex


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Subjective Ratings

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Finexo

Trading Point Forex

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

Trading Point Forex

 
Registered Business Name: SafeCap Investments Limited Trading Point of Financial Instruments
Broker Headquarters: Israel Limassol, Cyprus
Also has offices in: Cyprus None
Regulated By: CySEC FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2003 2009
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No 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
Diners Club $0 $0
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
Wire Transfer $0 $0 ($400 min.)
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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Finexo

Trading Point Forex

 
Browser platform: None None
Downloadable platform: Finexo MT4 Trading Point Metatrader 4 (MT4)
Mobile platform: Finexo Metatrader (MT4) Mobile No
Phone dealing: No Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 100:1 $25/unlimited 1,000/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: 47    58   
No Dealing Desk Execution: No All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 3 pips (0.0003) 1.9 pips (0.00019)
Fixed spreads: Yes Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Yes, for orders less than 3 million and outside a pre-determined range 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: No Yes
Trading Hours: Monday 5:00 Sydney time (currently Sunday 19:00 GMT) to Friday 17:00 New York time (currently 21:00 GMT) 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: 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: English English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account:   30 days
Live chat support: Yes 24/7 (even outside trading hours!) 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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