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Compare Forex Brokers GFT Forex And Trading Point Forex


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Subjective Ratings

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GFT Forex

Trading Point Forex

Charting: Four star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four and Half star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Three 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: Three and Half 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

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Business Details

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GFT Forex

Trading Point Forex

 
Registered Business Name: Global Futures & Forex Ltd Trading Point of Financial Instruments
Broker Headquarters: Michigan, USA Limassol, Cyprus
Also has offices in: Sydney, Dubai, Tokyo, London, Singapore, New York, Chicago None
Regulated By: NFA Member (0279553)
FCM registered with CFTC
FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year:   2009
Broker Capital as of 11-2008 $73,808,315 Unknown
Client Account Segregation:   Yes, client funds are segregated from company operating capital.
Collect Taxes on Earnings:   No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded
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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GFT Forex

Trading Point Forex

 
Browser platform: DealBookŪ WEB None
Downloadable platform: DealBookŪ 360 Trading Point Metatrader 4 (MT4)
Mobile platform: DealBookŪ WEB No
Phone dealing: Yes Yes
Order processing: Straight-through All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
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: 125    58   
No Dealing Desk Execution: Yes All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD:   1.9 pips (0.00019)
Fixed spreads: No Optional (variable by default, but client can request fixed)
Guaranteed stop losses?   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, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours:   00:00 GMT Sunday - 00:00 GMT Friday
Timezone   GMT
Scalping allowed:   Yes, all trading methods are accepted.
Account currencies available: EUR, JPY, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Dutch, English, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Spanish, Traditional Chinese 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, Bengali, Cantonese, English, French, Greek, Gujarati, Hindi, Japanese, Kannada, Korean, Mandarin, Punjabi, Russian, Spanish, Turkish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 30 days 30 days
Live chat support: Yes 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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