Background
Trading-Point.com is one of host of newcomers to the global forex broker community. Formed in 2009, this firm has quickly passed through its early development stage, as evidenced by the preponderance of favorable reviews from satisfied customers on Internet review sites. The general rating is above average, falling into the “7 out of 10” region of the scale. 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.
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. 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 Requotes
• Fast and Easy Withdrawals
• Personal Account Managers
• Automated Trading
• 10% Loyalty Bonus
• Phone Trading
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Features
As a newcomer to the field, Trading Point has gone out of its way to offer a unique blend of incentives and features. Their bonus and loyalty program is unmatched in the industry, allowing 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 offered 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
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 deposits and withdrawals can be made through a number of popular channels with more options on the way. Processing times are quick and follow standard banking practices for delivery times. 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. Education and support materials are in abundance, and customer service representatives will guide you through any processes that require further assistance.
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Platforms
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.
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Deposits and Withdrawals
Trading Point currently has the following deposit options: MoneyBookers, Neteller, Credit/Debit Card and Bank Wire. More options are under development, as are more automated methods for making requests.
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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.
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Conclusion
The staff at Trading Point is committed to satisfying your every need with integrity, transparency, and the determination to serve you well. Testimonials attest that service quality remains consistent both before and after you sign on with this firm.
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