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Compare Forex Brokers ICM Trading And Trading Point Forex


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Subjective Ratings

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ICM Trading

Trading Point Forex

Charting: Five star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Five 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: Five 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 star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Three 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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ICM Trading

Trading Point Forex

 
Registered Business Name: iTrade Capital Markets Ltd. Trading Point of Financial Instruments
Broker Headquarters: British Virgin Islands (BVI) Limassol, Cyprus
Also has offices in: none None
Regulated By: Unregulated FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2009 2009
Broker Capital as of 10-2010 Unknown Unknown
Client Account Segregation: Client funds are segregated and held at Loyal Bank, St. Vincent and the Grenadines 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
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
Visa $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: Unknown Unknown

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Trading Details

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ICM Trading

Trading Point Forex

 
Browser platform: None None
Downloadable platform: ICM Trading ActTrader,ICM Trading Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: ActTrader Mobile,Metatrader Mobile 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:
ActTrader Account 400:1* $500/unlimited 10,000/5,000,000 units 1 lot = 10,000 units
MT4 Account 400:1* $500/unlimited 10,000/5,000,000 units 0.1 lot = 10,000 units
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   All accounts are Shariah compliant, but a charge of $1/mini-lot/day is applicable to all overnight positions   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 34    58   
No Dealing Desk Execution: Not 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) FIXED 1.9 pips (0.00019)
Fixed spreads: Yes Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Yes, all stop and limit orders are guaranteed against slippage. 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 Yes, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: On MT4 and ActTrader Yes
Trading Hours: Sunday evening at 5:00 pm (EST) through Friday afternoon at 4 pm (EST) 00:00 GMT Sunday - 00:00 GMT Friday
Timezone EST GMT
Scalping allowed: Short-term trading OK, but trading on 'off-market' pricing Yes, all trading methods are accepted.
Account currencies available: EUR, USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Bulgarian, Dutch, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, 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: English, French, German, Italian, Spanish 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: 10% bonus on deposits up to $1999. $500 bonus on deposits of $2,000+ 20% bonus on initial deposit, 10% on all subsequent deposits.

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