Trading Point Review

History and Background

Trading-Point.com was established in 2009 by a team of former interbank dealers that wished to bring superior order execution and high quality service to the Forex community of brokers. At Trading Point you have the opportunity to trade Forex, commodities and CFD's including oil trading, gold trading, and silver trading with a licensed Forex broker and benefit from a variety of incentives designed to satisfy all of a trader’s needs.  Their bonus program is one of the best, but due to new U.S. restrictions, they are unable to support clients in the United States.   

Trading Point (Trading Point of Financial Instruments Ltd) is a registered and licensed Forex broker in the Republic of Cyprus, a Eurozone member, and regulated by the Cyprus Securities & Exchange Commission (CySEC).  As a member of the Eurozone, the company also complies with EU regulations and is registered with the FSA UK and the BaFin of Germany. 

Visit Trading Point now and get a free demo account or start trading with a live account right away

Features

Trading Point, as a newcomer to the field, has kept things simple and offers a unique blend of incentives and features.  Their bonus and loyalty program allows for a 20% initial deposit bonus and a 10% loyalty bonus on all subsequent deposits.  The popular Metatrader4 software is the trading platform used for trades, both for demo and for actual account transactions.  A “managed account” offering is under development and should be available in the near future, another feature that is rare in the broker community.  There is no minimum deposit requirement, and account setups fall into three categories:

•    Micro account: 1 micro lot is 1,000 units of the base currency
•    Standard account: 1 standard lot is 100,000 units of the base currency
•    Executive account: 1 standard lot is 100,000 units of the base currency

Visit | back to top

Spreads and Leverage

Spreads are generally tight and have averaged “1.9” pips for the EUR/USD trading pair.  Leverage of up to “500:1” is offered, and there is also a guarantee that you can never lose more than your account deposits or run negative in your account balance – the system automatically adjusts if this should occur.

Visit | back to top

Platform

With Trading Point you will have the ability to practice and trade Forex online via the multi award winning platform, Metatrader 4 (MT4) with limitless Forex demo and real accounts with the ability to use and back test any expert advisors (Forex EA) you may have.

Trading Point has now launched 6 more platforms which include Webtrader, Android, Blackberry, Ipad, Iphone, MAM.

Visit | back to top

Deposits and Withdrawals

Trading Point currently has the following deposit options: MoneyBookers, Neteller, Credit/Debit Cards, and Bank Wire.  Processing times are quick and follow standard banking practices for delivery times.  The company does not charge fees for these transactions, but fees from third-party providers are passed through as with most any other money transfer service.  More options are under development, as are more automated methods for making requests.

Visit | back to top

Beginners' and Customer Support

Trading Point provides “24/5” professional online support in a multitude of languages.  Their Account Service Managers are ready to answer all of the questions you may have about their company and the services they provide.  An extensive FAQ section is also available on their site to answer basic questions.  Education and support materials are in abundance, and customer service representatives will guide you through any processes that require further assistance.

Visit | back to top

Conclusion

The staff at Trading Point is committed to satisfying your every need with integrity, transparency, and the determination to serve you well.  The firm has quickly passed through its early development stage, as evidenced by the preponderance of favorable reviews, falling into the “7 out of 10” region of the scale, from satisfied customers on Internet review sites.  The benefits of choosing this broker are clearly stated on the Home page of their website:

•    Licensed in the EU
•    Tight Spreads from 1 Pip
•    Flexible Leverage up to 500:1
•    No Commissions
•    20% First Deposit Bonus
•    24 Hour Support
•    No Re-quotes
•    Fast and Easy Withdrawals
•    Personal Account Managers
•    Automated Trading
•    10% Loyalty Bonus
•    Phone Trading

Visit Trading Point now and get a free demo account or start trading with a live account right away