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Compare Forex Brokers FxPro And Trading Point Forex


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Subjective Ratings

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FxPro

Trading Point Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Two and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Five 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: Five 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: Four 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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FxPro

Trading Point Forex

 
Registered Business Name: FxPro Trading Point of Financial Instruments
Broker Headquarters: Limassol, Cyprus Limassol, Cyprus
Also has offices in: London, Nice, Vienna, Athens, Moscow None
Regulated By: CySEC and ECB through MiFID FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2006 2009
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Hellenic Bank, Eurobank, HSBC 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
Credit Card $0 $0
Moneybookers $0 $0
NETeller $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: FXPro is the counter party to all trades. Unknown

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Trading Details

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FxPro

Trading Point Forex

 
Browser platform: FxPro WebTrader None
Downloadable platform: FxPro Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: FxPro WebTrader 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:
FXPro Account 500:1* $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   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 105    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: 0.8 pips (0.00008) 1.9 pips (0.00019)
Fixed spreads: No, spreads vary according to market liquidity 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: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes - no extra margin is used. 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 22.00 GMT closing Friday 22.00 GMT 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT+2 GMT
Scalping allowed: Yes Yes, all trading methods are accepted.
Account currencies available: CHF, EUR, GBP, JPY, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: 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 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, Farsi, French, German, Greek, Hindi, Italian, Japanese, Korean, Polish, Romanian, Russian, Spanish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: Unlimited 30 days
Live chat support: Yes, very knowledgeable. 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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