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Compare Forex Brokers eToro And Trading Point Forex


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Subjective Ratings

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eToro

Trading Point Forex

Charting: Three and Half 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: Three star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Three star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Five star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four 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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eToro

Trading Point Forex

 
Registered Business Name: Tradonomi LLC Trading Point of Financial Instruments
Broker Headquarters: Cyprus Limassol, Cyprus
Also has offices in: None None
Regulated By: CySEC (Cyprus)
NFA (0382918 eToro USA)
NOT a CFTC-registered FCM
FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2004 2009
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Marfin Popular Bank, Cyprus 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
Diners Club
MasterCard
Moneygram
NETeller
PayPal
Visa
Western Union
Wire Transfer
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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eToro

Trading Point Forex

 
Browser platform: WebTrader None
Downloadable platform: eToro (proprietary) Trading Point Metatrader 4 (MT4)
Mobile platform: WebTrader No
Phone dealing: Yes Yes
Order processing: STP (Straight Through Processing) All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1* $50/unlimited 1,000
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   Yes - no extra fees are incurred on Islamic style accounts   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 18    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: 3 pips (0.0003) 1.9 pips (0.00019)
Fixed spreads: Yes Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Yes No, all orders are executed at best available price.
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available:   No
Hedging capability: Yes Yes, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours: Sun. 21:00GMT - Fri. 20:00GMT 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT GMT
Scalping allowed: No, eToro does not allow scalping Yes, all trading methods are accepted.
Account currencies available: USD AUD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Greek, Italian, Japanese, Portuguese, Russian, Spanish, 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, Finnish, French, German, Greek, Hindi, Italian, Portuguese, Russian, Spanish, Turkish English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: Unlimited 30 days
Live chat support: Yes - within platform Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: 5% bonus on deposits of $20,000 or more. 20% bonus on initial deposit, 10% on all subsequent deposits.

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