Trading Point Review
Trading Point of Financial Services, commonly known as Trading Point, is widely recognized for its exceptional welcome and loyalty bonuses, tight variable spreads and a choice of narrow or wide leverage so that traders can customize their trading experience as much as possible. We tested Trading Point extensively and recorded our finding in the Trading Point review below. Learn about the service, then try it for yourself to see what all the hype is about.
Maximum leverage: 1:500
Minimum deposit: No minimum deposit
Minimum lot size: 1,000
Languages available: English, Russian, Spanish, Arabic, Chinese, German, Hungarian, French, Indonesian, Greek, Italian, Japanese, Spanish, Danish, Swedish, Turkish, Dutch, Malay
Regulation: CySEC, FSA UK
The only platform offered by Trading Point is the MetaTrader 4 platform, which is used and appreciated by hundreds of thousands of Forex traders worldwide. At the time of this review only the downloadable version of MT4 is available for Trading Point clients. The MetaTrader 4 platform is known for its full range of market indicators and charting tools, as well as its straightforward interface, over 20 languages and convenient execution styles.
During our Trading Point review we tested the company’s MT4 platform and fount it to work well. As promised, we did not experience any requotes as we had with other Forex brokers.
Trading Point Platform
Trading Point offers several unique features, and has several other interesting plans that are in the works and should be available in the near future. For starters, Trading Point has some of the highest welcome and loyalty bonuses available, including a 20% welcome bonus and a 10% loyalty bonus for subsequent deposits. They also advertise a managed account service, which, though not yet available, promises to be helpful for anyone looking for experts to manage their money in a profitable way. This service is offered by very few Forex brokers at the current time.
Hedging is allowed in all Trading Point accounts and the company offers Islamic accounts as well.
Trading Point offers multiple ways for their clients to reach them, including the ability to request a callback, take advantage of live chat, and sending emails to specific departments for maximum efficiency. Clients can also choose to call the company’s office in Cyprus directly, and multiple phone numbers are provided on the Trading Point website so that clients can direct their calls to the proper place.
We tested Trading Point’s chat support multiple times, and were repeatedly impressed with the speed and professionalism of the respondent. Both technical questions and general inquiries were handled with care and thoughtfulness. We did not experience any of the imposing salesmen that we’ve seen in some other brokers’ online chat teams.
Chat with Trading Point
During our Trading Point review we found the company’s email support to be equally efficient. The 6 hour response time that we experienced was entirely reasonable, and the answer we received was straight to the point.
Email from Trading Point
Chat with Trading Point
Ease of Use
Even newcomers to the Forex world should be able to navigate around the Trading Point website quickly and easily. All of the company’s information is laid out clearly, in an organized fashion. A wealth of explanations about Forex and information about the company and its policies are offered without overwhelming site visitors.
Registering for Trading Point was equally straightforward. Although the company works in many languages, registration must be done using English letters only, a fact which is clearly stated at the top of the form, and is common with other Forex brokers as well. The registration process took only a few minutes.
Deposits and withdrawals made by credit card are not subject to any fees or commissions. Acceptable credit cards include Visa, Mastercard, Solo, Switch and Diners Club. Trading Point also accepts deposits and withdrawals via MoneyBookers, Neteller and wire transfers, services which charge some small fees on their own. However, Trading Point does not charge their clients for using these services.
Although we only embarked upon our Trading Point review for a few weeks, we were happy to see that the quality of service we received remained consistent throughout. Unlike some other Forex brokers that ignore you after you’ve gotten set up, Trading Point remains available and supportive throughout the trading process.
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