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Compare Forex Brokers InstaForex And Trading Point Forex


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Subjective Ratings

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InstaForex

Trading Point Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Three and Half 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: 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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InstaForex

Trading Point Forex

 
Registered Business Name: InstaForex Group Trading Point of Financial Instruments
Broker Headquarters: Russia Limassol, Cyprus
Also has offices in: none None
Regulated By: RAFMM (Russian Association of Financial Markets Members FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2007 2009
Broker Capital as of 10-2010 Unknown Unknown
Client Account Segregation: Yes, for accounts of $100,000+ 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
AlertPay $0 $0
EuroGoldCash $0 (4% bonus given) $0
Global Digital Pay $0 $0
InstaForex Debit $0 1% + $2
Liberty Reserve $0 $0
Moneybookers $0 $0
PayPal $0 $0
Pecunix .15-.5% (max 3GAU) .15-.5% (max 3GAU)
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $25
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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InstaForex

Trading Point Forex

 
Browser platform: None None
Downloadable platform: InstaForex Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: None No
Phone dealing: No Yes
Order processing: ECN 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   Yes - no extra fees are incurred on Islamic style accounts   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 0    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: 3 pips (0.0003) FIXED 1.9 pips (0.00019)
Fixed spreads: Yes, fixed under all market conditions. Optional (variable by default, but client can request fixed)
Guaranteed stop losses? No, 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 Yes, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes Yes
Trading Hours:   00:00 GMT Sunday - 00:00 GMT Friday
Timezone   GMT
Scalping allowed: No Yes, all trading methods are accepted.
Account currencies available: EUR, RUB, 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: Unlimited 30 days
Live chat support: During market hours Yes
Interest on Margin: 13% on unused margin Yes on unused margin
Promotions & tournaments:   20% bonus on initial deposit, 10% on all subsequent deposits.

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