So only based on spreads, you give broker 2/5, even though all other criteria is good?
While spreads may be a factor for certain very aggressive scalping strategies, from my point of view spreads are the least important aspect of rating a broker. I've traded with brokers with lower spreads and most of them do not have the professionalism that trading point has.
fastest platform I've tried. exicution very fast. spread .. high .... Welcome Bonus great. if they had an ECN account as FXopen with this exicution speed, had all my accounts been with them. spreds is expensive, but quality might cost money. not good for me I am a scalper Great Broker
Official Representative of Trading Point of Financial Instruments Ltd.
During the weekend(s) we regularly move to maintenance mode similar to most online brokerages. Specifically during the weekend of the 21st and the 22nd of April we have worked on a maintenance of our real servers, during the maintenance some of the data has been moved to the back up server until the maintenance comes to an end.
For a short period of time on 21.04 (Sat) at a time when the markets were closed accounts where not access-able, which is why you have received the error message 'invalid account'.
The above resulted to the backup server sending uncompleted statements on the 23rd and the 24th of April, so some clients have received 2 statements (one incomplete for back up server and complete on from main server). In case of doubts clients in all times can generate correct statement on any time frame by MT4 client terminal in account history tab : just right click and choose a period and 'save as report' on any destination of your computer.
Please view attached image for reference on how you can do this.
If you may need additional help in regards to the above please feel free to email me directly at chris[at]trading-point.com and I will be more than happy to assist you.
Chris A. Zacharia
Official Representative of Trading Point of Financial Instruments Ltd.
This broker is one of the best brokers I've ever used, The support is awesome , anytime you need help the will call you , sometimes my manager calls me just to ask how is everything . also for Muslims they allow to open swap-free account with the deposit only 5$ not like others from 1000$ and more . There server is fast till now I never saw a disconnect or something like that. I spread is fine from 1.5 pip till 2 pips and sometimes change . I also like the 0 fee on withdrawal and deposit . If you are new to forex this is the company that you need.
“ I am trading with this broker for almost last one year. A very good broker. Instant execution. Excellent customer care service. Variety of methods for deposit & withdrawals. I never had any problem with this broker in my whole trading period with them. Trading point is one of the best broker I've experienced so far. They are transparent and they don't re-quote. The initial deposit is only 5$. You can start trading with only $0.02. Its really amazing for the beginners who don't want to risk much of his money. Trading point is regulated is Cyprus, so you can put your trust on this broker.”
I have traded forex with many brokers, but trading-point is the best among them. I have been trading with them since 6 months and haven’t had any major problem yet. Even if any problem sprouted, it would all be sorted out by the end of live support chat with one of the companies’ customer care representatives. It provides amazing leverage of 500:1, which is really great for small traders like me. Mostly all my trades are executed immediately without any delay even if it’s big or small volume orders. And since it’s a regulated and registered broker I wouldn’t doubt its business and legality. In whole trading-point is an awesome broker for me and would recommend it to anyone.
I have account with Trading Point and happy with the quality of good service I am getting.All orders big and small instantly filled ,
I make withdrawal 2 times to moneybookers no problem.MT4 good, and no requotes account manager . online chat always helpful very fast and ready all the times. very serious compnay i recomand all the traders . i haven't had any problem with the broker and if anytime a problem occurred i would press the live chat icon and would have my problem solved by the end of the chat. I salute them for their prompt and efficient customer service. The other thing that i like about this broker is its leverage 500:1, which is really beneficial to any small investor like me. The broker is registered with FSA UK and regulated by the Cyprus Securities and Exchange Commission (CySEC), because of which its legality cannot be doubted. Overall i like the broker and hope to carry out my future tradings with them.
I have used this broker since the start start Why Trading Point?? Have been using this brokerage for about 8 months now, very friendly staff. Haven\'t encountered any problems yet, great for scalping. Great service, great trade execution so far. The MT4 platform is super fast. Best i\'ve used. All orders big and small instantly filled no delays. They have no minimum SL/TP levels which works well for my scalping and EA\'s Forex trading with no minimum deposit, tight spreads as low as 1 pip, leverage up to 1:500 and Trading Point's unparalleled service.
I've only been with Trading Point for a few months (I opened an account with them after FXCM UK kicked loose all its U.S. clients), but so far I'm very happy with them, haven't had any problems at all. Generally good spreads - certainly for the major pairs anyway; orders usually go right through without requotes; no problems with running EA's (although honestly, I don't use them very often); customer service timely and helpful.
I opened 2 accounts today, one for my father and one for myself. I received excellent service from Diana Munoz. Following her phone call, she guided me through the entire account activation procedure via the chat facility and a couple of hours later the accounts were opened and funded.
Some misleading information on the website however; There is a PDF file which states that you fill it in, print it, sign it, scan it and email it. You no longer have to do this as you can make the whole application online and email it straight back along with supporting documents.
Also, they no longer accept Paypal.
In the last six weeks I have been running tests on demo accounts on 8 well known brokers. I'm using my personal EA and identical settings on all and started exactly at the same time. Trading Points has by far outrun the other 7 in speed of execution and profitability.
I have an account with 3 brokers including Trading Point. They do have a lot of great advantages and offer a nice bonus scheme for all deposits which I find quite appealing. I also have 2 other accounts with other brokers for the fact that I like to be with and ECN broker and also one that offers a web based platform – 2 things that I did not find from Trading Point; nevertheless they do offer extremely fast execution and the fact that they advertise a No re-quote policy was what convinced me to open an account in the first place as for me this is extremely important as I like to trade during news hours and have had bad experiences in the past with re-quotes.
Overall I have had no troubles so far with Trading Point, have been trading since December, simply for the fact that I can trade the news with peace of mind of no re-quotes and when I asked for a withdrawal the process was efficient enough. They fulfill the three things I look for in a broker, which are: regulation, no re-quotes and 24/5 customer support.