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Compare Forex Brokers Oanda And Trading Point Forex


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Subjective Ratings

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Oanda

Trading Point Forex

Charting: Two 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: Three 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: Three star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Three 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: Three and Half star Average Rating Four and Half star Average Rating

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Business Details

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Oanda

Trading Point Forex

 
Registered Business Name: Oanda Corporation Trading Point of Financial Instruments
Broker Headquarters: Toronto, Canada Limassol, Cyprus
Also has offices in: Virtual offices in New York and Hong Kong None
Regulated By: NFA (0325821)
FCM registered with CFTC
FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2002 2009
Broker Capital as of 11-2008 $170,799,434 Unknown
Client Account Segregation: No 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
Check (US clients) $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: P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada Unknown

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Trading Details

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Oanda

Trading Point Forex

 
Browser platform: FXTrade (proprietary) - MAC compatible None
Downloadable platform: No Trading Point Metatrader 4 (MT4)
Mobile platform: FXTrade (proprietary) - MAC compatible 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 50:1* No mininum or maximum requirem 1/10,000,000
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: 39    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: 0.9 pips (0.00009) 1.9 pips (0.00019)
Fixed spreads: No Optional (variable by default, but client can request fixed)
Guaranteed stop losses? No No, all orders are executed at best available price.
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: Yes No
Hedging capability: No 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 User-defined GMT
Scalping allowed: Yes Yes, all trading methods are accepted.
Account currencies available: USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Chinese, English, German, Japanese, Spanish 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: Yes Yes
Interest on Margin: Yes Yes on unused margin
Promotions & tournaments: None 20% bonus on initial deposit, 10% on all subsequent deposits.

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