XM (Trading Point) Review

LIVE ACCOUNT DEMO ACCOUNT
4.7 5 RATING
32 REVIEWS

XM real time & average spread

Real time spread
N/A
Average spread
For the last hour
Min spread
N/A
Max spread
N/A
Swap long: n/a
Swap short: n/a
Stop/Limit level: n/a

XM execution and slippage

2.73 pips

 

Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be. 

 

Our slippage data about XM is sampled by 10 of the most popular forex trading strategies in Zulutrade.com.

 

1.31 pips

XM slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit:                14.0 pips
Average trade lifespan:  19 hours
Most traded pairs:               EUR/USD, GBP/USD and USD/CHF

 

0.81 pips

XM slippage with Saved FX trading strategy

Average profit:                  16.0 pips

Average trade lifespan:    1 day

Most traded pairs:                 EUR/USD, GBP/USD, USD/CHF
1.19 pips

XM slippage with Qurenix trading strategy

Average profit:                  9.0 pips

Average trade lifespan:  5 hours

Most traded pairs:             EUR/USD
1.04 pips

XM slippage with Forex Cruise Control trading strategy

Average pips/trade:           5.0

Average trade lifespan:   18 hours

Most traded pairs:              GBP/USD
0.75 pips

XM slippage with For333 trading strategy

Average pips/trade:           12.0

Average trade lifespan:   15 hours

Most traded pairs:              GBP/USD, EUR/USD, AUD/USD
2.60 pips

XM slippage with Azar Consulting trading strategy

Average profit:                   28.0 pips

Average trade lifespan:   3 days

Most traded pairs:               EUR/USD
0.61 pips

XM slippage with The Best Player trading strategy

Average profit:                  22.0 pips

Average trade lifespan:   13 hours

Most traded pairs:               EUR/USD
0.00 pips

XM slippage with Xiaolidao trading strategy

Average pips/trade:           9.0 pips

Average trade lifespan:   1 day

Most traded pairs:               EUR/USD
1.59 pips

XM slippage with Youron trading strategy

Average profit:                  9.0 pips

Average trade lifespan:   11 hours

Most traded pairs:               EUR/USD, GBP/USD
17.41 pips

XM slippage with Duanxian(GBP\USD) trading strategy

Average profit:                      10.0 pips

Average trade lifespan:      1 days
 
Most traded pairs:                   EUR/USD, NZD/USD, GBP/USD

Trading Accounts

 

Account type  Minimum deposit  Minimum trade size  Maximum leverage  Average Spreads
Micro  $5  0.01 1:888 1.7 pip on EUR/USD
Standard  $5 0.01 1:888 1.7 pip on EUR/USD
Zero  $100 0.01 1:500 0.1 pips on EUR/USD + commission $5 per standard lot (per side) 

 

XM offers its clients three types to choose from: Micro, Standard and Zero. You may choose from commission-free trading (in Micro and Standard accounts) or tighter spreads, involving commission fees and higher initial deposit (Zero account). The broker offers high leverage levels and floating spreads. Beginners can sign up for Micro accounts with as little as $5, and micro lots are available for trade on all accounts.


What is more, swap-free (Islamic) accounts are available, designated for clients who are not willing to earn interest for religious reasons.


The Company. Security of Funds

 

Company Country Regulation
Trading Point Holdings Ltd. Cyprus  CySEC
Trading Point of Financial Instruments UK Limited UK FCA
Trading Point of Financial Instruments PTY Ltd. Australia ASIC

 

Launched back in 2009, XM is the brand name, consolidating the former Trading Point and MegaTrader FX.  Based on the sunny island of Cyprus, the broker offers great trading conditions for trading in a wide range of instruments, including 56 currency pairs, CFDs on commodities, indices, precious metals and energies. What is more, XM provides ultra-fast execution (99.35% of all trades executed in less than 1 second), as well as awesome bonuses & promotions.

 

XM is the trading name of Trading Point Holdings Ltd., a Cypriot Investment Firm (CIF), registered in the European Union and licensed by Cyprus Securities and Exchange Commission (CySEC). The company has also set up an units in Australia and UK - Trading Point of Financial Instruments PTY LTD, regulated by the Australian Securities and Investments Commission (ASIC), and Trading Point of Financial Instruments UK Limited, which got licensed by UK’s Financial Conduct Authority (FCA) in 2016.

 

UK, Cyprus and Australia are currently one of the most famous forex broker destinations and probably the main reason for this is the well-balanced regulation. Tough regulation with high entry capital requirements and low maximum leverage has reduced competition in the United States and Japan, while light touch regulation affects credibility and safety.

 

FCA, CySEC and ASIC apply certain rules and requirements to regulated firms, which are not as stringent as those in the US, for instance, however they provide a good level of credibility. Cypriot and UK brokers must hold at least €730 000 in order to prove their good financial standing, while Australian FX brokers must possess net tangible assets amounting to at least $1 million. Besides, licensed brokers are required to keep customer funds in segregated accounts, separated from the company’s operating funds.

 

As a further guarantee to clients’ funds, all companies regulated in UK and Cyprus are covered by compensation schemes as additional guarantee to clients funds. All deposits with a UK regulated forex broker up to £50,000 per client are guaranteed by the Financial Services Compensation Scheme (FSCS) - UK’s statutory compensation scheme for clinets of authorised financial services companies. Similarly, Cypriot Investment Firms are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default.

 

Currently, however, Australian forex brokers are not covered by any compensation scheme.

 

Trading Conditions


Minimum Initial Deposit

In order to open an account with XM, traders have to invest just $5. Such low minimum initial amount is rather attractive, as typically brokers require $100 - $300 as a start.


Spreads & Commissions

This broker offers variable spreads. The typical ones on commission-free accounts amount to 1.7 pips on EUR/USD, which is comparatively high. According to us, the conditions on the Zero account are the most attractive ones: spreads averaged 0.1 pips on EUR/USD and commission $5 per standard lot traded (per side). So basically trading costs on the Zero account amount to around 1.1 pips, commission included, which is quite competitive for the forex industry. What is more, you can open a Zero account with just $100.


For purposes of comparison, another leading Cypriot broker, Exness, provides average spreads of 0.4 pips on EUR/USD with $5 commission per standard lot (round turn) on ECN accounts, available against $300 initial deposit. For further information, you may look up real-time spreads of 15 leading brokers here.


Leverage
The maximum leverage with XM is high, reaching 1:888. Some jurisdictions cap leverage ratios at considerably lower levels (1:50 in the USA, 1:100 in Poland).


The reason for such leverage limitations is that the higher leverage, the higher the risk of losses, which may even exceed initial investments. However, many Cyprus-based brokers offer leverage levels, similar to the ones provided by XM (FXTM – up to 1:1000), or even higher – Exness offers leverage up to 1:2000. More FX brokers offering leverage equal to or exceeding 1:500 may be viewed here.


Trading Platform


The platform offered by the broker is the ever popular Metatrader 4 (MT4) in all forms and shapes: desktop, web, and mobile.
MT4 is an internationally acclaimed trading software, offering a full array of trading tools and features: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work, no human emotions involved.

What is more, XM provides MT4 MultiTerminal, which offers a practical and convenient way to manage multiple accounts simultaneously from a single interface (PAMM).


Besides, free Virtual Private Server (VPS) hosting is offered to both new and existing customers who deposit a minimum of $5,000 and trade at least 5 round turn lots per month. VPS hosting allows the execution of orders 24 hours, 5 days a week.


Promotions

This broker is famous for its awesome bonuses and lucrative promotions. By the time of writing this review, XM runs the following promotions:


- 100 % Deposit bonus UP TO $5,000 (only available for Micro and Standard Accounts);
- $30 No deposit bonus;
- Forex World Championship with 41 million pool prize;
- Cash rewards and credit bonuses available under loyalty program.

 

What is more, as a result of XM’s partnership with rebate service provider PayBackFX, clients of this broker can now participate in a rebate program and get back $5.25 for each closed trade. All they have to do is open a new account, since traders’ existing accounts are not qualified to get cash back.


Methods of Payment


XM supports a wide range of payment methods: credit/debit cards (Visa, Visa Electron, MasterCard, Maestro, China UnionPay, Diners Club International), bank wire transfer and e-wallet payment systems Skrill, Neteller, WebMonew, Paysafe, iDeal, Sofort, Qiwi, CashU, giropay, Przelewy24, FasaPay. Pyyments through Western Union are also available.


XM covers all deposit and withdrawal transfer fees for payments made via Neteller, Moneybookers and all major credit cards (including VISA, VISA Electron, MasterCard, Maestro and China UnionPay). Additionally, all deposits and withdrawals above 200 USD processed by wire transfer are also included in our zero fees policy.


Conclusion


XM is a EU award-winning broker that offers wide range of trading products and account types on the robust MT4 under competitive conditions. What is more, it provides Negative Balance Protection, as well as lucrative bonuses to its clients. To sum up the above, here are the advantages and drawbacks with regards to this broker:

 

Pros  Cons
Well-regulated (ASIC and CySEC licenses) No choice of trading platforms
Negative Balance Protection  
Competitive spreads on the Zero account  
MT4 available  
Attractive Bonuses & Promotions  
Fast execution speed  

 

Latest news about XM See more...
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Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for XM Add review

Advce from XM`s longtime client

All brokers are more or less the same. However, in order to make money, you need knowledge and skills. Someone said that you need 10,000 doing something in order to become an expert, and they were right.
I have used xm.com for a long time and I am happy with it: no requotes and no withdrawal problems. Prior to that I`ve changed brokers often, because I though since I lose money, they are scammers. At some point I realized my emotions, trading system and (lack of) patience was the problem.
Forex is not a get rich quick means. Here is my advice: risk a little to make a little more, when you lose, lose a little, say 2% of your account; when you profit, make 3% of your account balance. Small steps will get you far in the long run.

Regards,
David

David Singh 07/04/2016

Fairly good broker

It has been about 6-7 months since I opened an account with XM and I have found nothing wrong with them so far. They offered me a trading bonus of 50% when I joined them and still offer bonuses, sometimes 30%, sometimes even 100%. The spreads on the micro account were quite high but I switched to Standard straight away, as there is no restriction on the amount needed to open a Standard account. The spreads on the standard account are low, and trade execution is instant. Besides, XM offer trade calls twice a day on 10 instruments and have weekly webinars on technical analysis for free.

Ricardo77 07/04/2016

Interesting story...

sl/tp/modification orders for indices couldn't be placed with the same conditions on android as on pc MT4 and the worst thing is they don't care about it at all and think everything is working fine... I could compare the situation to that when someone is trying to prove about a black colored shirt that it's a red one... So I gave up after several attempts. It's up to you whom you do business with but I would better not waste my time on kind of people.

tottl 10/17/2015

Be wary of this broker

I can't add images to this review but people need to be wary of XM. I started with 200 Euros and had traded it to about 764 Euros. I withdrew 350 Euros on my wife's advice. I then started trading with the remaining 414 Euros and managed to trade that to about 660 Euros. So, my initial 200 Euros was now almost 790 Euros in profit (including the withdrawal). At this point, everything went to shit, and within a week i have been stopped out, losing the entire account. There is a good explanation for this: XM trade against their clients; i have so many screenshots and examples of this it is not funny. I have traded for thousands of hours with four separate brokers and XM appears to be a bucket shop like most of them; they WILL trade your account out when it is going 'too quickly into too much profit." Why do i say this? Because the 'high price' for GBPUSD today (11/07/2015) was about 1.5549. My account was stopped out starting at exactly 1.5535 and ending at 1.5547 (less than ten pips below the 'high' for the day. This happened because i was unwise and held a BUY position for GBPUSD for the week, and although it was a small position (24 lots but with 888:1 leverage and about 700 Euros to hold it, which should have been OK since the margin required was initially only about 50 Euros, less than 10% of the Equity in the account). You need to pay attention to this fact: the 'high' of the day FOR THE GBPUSD was exactly less than ten pips from the price at which XM began to stop out my trades. It is also EXACTLY the same time that i withdrew 50 Euros from the account, which automatically killed the Bonus (i always forget that XM's Bonus is a Trojan Horse as it is NOT cash at all), so my account Equity would then have been less than 100 Euros. This is because XM began selling against me at the beginning of the week, until i was stopped out. Although i worked very hard for 12 - 18 hours a day to stop them and hedged the ac unt to try and save it, I could not do so because XM staff or software either manually trade against their winning clients; or else their software is preconfigured (or updated during an 'automatic background update') to do so. WARNING: if you trade with XM and begin to make profits, be CERTAIN your account is automatically flagged to be killed off as a FIRST PRIORITY. If i could give ZERO or NEGATIVE STARS TO THE BASTARDS i would.

Sam 07/10/2015

Good Service

I have an account with a number of different brokers. One of them is XM. I think there service is good. Their spreads are good and so are the bonuses. I am considering to trade with fewer brokers now and they are high in my list.

Andy 05/27/2015

Garbage, Garbage, Garbage

Began trading with them, began profitable, then non profitable. They use a latency Plug in even though they say no virtual dealer plug in. . We were getting many second delays and would only open trades after they would open negative. Don't let the high leverage suck you in. I did and lost.

Richard Smith 01/04/2015

It was Force Majuere and deleted my profitable trades

Pure scam which I have realized after spending 6 months with them. They trick you when you start to make money. They sometimes show network problem to lose you money. First time I thought they are good as you can withdraw money very quickly. Over the time I deposited and built my balance. After 5 months learning I started making money quickly. Now they showed me their real face. they shutdown one of their servers and made the clients lose money. After one day the said it was Force Majuere and deleted my profitable trades and kept the ones with loss. They restored trading position which is older than 2 days. In this process they took away $600+ from two of my accounts. I mailed them but they didn't bother to answer any of my e-mails. When I went to live chat, they told me to contact with dealer1 & gave me lame excuses. You can't call them because they don't have any phone no. Next 2 days they took $100 more saying that they are adjusting my balance.When I checked all my transaction history & manually calculated my balance in Excel, I found another scam about their calculations.There should have been $400 more in my account which was missing. Again I mailed, again no answer. Now, after 6 months with them I have $169 and all profits gone. My total deposit was $350. So if you don't want to lose money dont go with them.

LIMAFX 08/11/2014

The customer technical support are rude

The customer technical support are rude and won't answer your calls. Application approval process is pathetic. Their demo account is reasonably ok. I guess if you have to deal with customer service, you need to have lot of patience!

LIMAFX 03/24/2014

Hope they are FCA regulated and authorized

I thinks guys throwing their anger of what it might happened for them with this Broker should realize and show the proof if it is really true to FCA and make a complaint about the Brokers then it makes sense.

hope it will help all

RAMESH R 03/18/2014

My Story With XM

After 4 years of collaboration with XM Trading Point and 6 months as official representative in Romania
After I got:
216 Real Accounts
16 Sub-Affiliates
A fake trade was placed by XM employee from inside XM
The fake trades ( 8715$) was come from inside the company..
XM did not want to recover my accounts!!!
The stupid move was done on past and now for two reason :
_To manipulate the markets using money from the controlled accounts at the same time
to temporarily push prices a few pips one way or the other and loosing them in the process while
front running the orders from his own account.
_To hurt XM trying to move our clients to another broker..
Read the full story on My Story With XM..http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/32935-my-story-xm.html

M Samer 02/26/2014

They are scammers.

They are scammers. If you make some profit, they will block your account and you will not be able to withdraw it. They can easily accuse you in cheating and cancel your profit.

LIMAFX 02/06/2014

Turning to become scammer of forex

I got a winning trade because of the news release then i withdraw my profit, after few days XM.com sent me an email state that they wont pay me the profit and just give back my deposit money and close my account. This was totally unfair, when losing trade they take accept your lose but when profit they wont pay to traders, now facing this problem was not only me, there are alot of trader facing the same issue waiting the reply from XM.com also

13lack30 01/14/2014

Bonus

I have opened an live account and asked their support to call me back for inquiry.
So this broker soune to me is to encourage new commer to bet.
Because as I have understood how the bonus work .....
For exp. You deposit first usd 1000 you will become immediately credited into your trading account by 1000 + 500 (welcome bonus), that means you can use that for leveraging = higher risk. However when you with draw your
Profit. Even partial, your bonus will be drawn. Until you make a new deposit then you get a 30 % bonus (loyalty bonus).
I understand that the bonus cannot be withdraw, but then in that case I have to withdraw the whole sum of my account (profit plus initial deposit)
And deposit again new deposit to get back 30 pct on that.
What a confuse...... And expenses for the company.
The only convenient i the payment method.

Chi Wai Lam 11/28/2013

Sorry for the bad reviews

Sorry, I didn't say anything. But I hope this won't happen again, because it's really scary... This is finance we're talking about here, so it's not really easy to trust... But since I got paid back... Everything is OK. I believe that XeMarkets cares a lot about their reputation, that being said, I think we might have a serious broker here. And since you don't try anything which go against their policy, you'll make cash. And I think the policy is kind of fair. Every body wins,

#SORRY again for my first comment.

sewa 03/06/2013

Shame on you!

Position closed while I was winning but I didn't put any stop loss, and the margin call wasn't even reached, but that's not all, it closed 91 pips against me!!... 5h30 PM, and I'm not really happy at the moment, even if it is 15$, if they didn't close the position, I would have made 45$!!! And I am not going to be content until I get that back! And by the way I think fsa and all the others they're regulated with must know about this, and I am going to them with proofs. The account freezing happened so many times, but I didn't care until now, and it just hit me that every time I 'm about to make a big deal in little time, there are always problems... I was about to put 100000 with xemarkets, but now I'm scared more than ever... This has happened too many times...

sewa 03/05/2013

Trading point proceed my deposits and withdrawals very fast

I am new to the platform, only used it for a month and so far, so good. My deposits and withdrawals are processed very fast, I received my 30% bonus and I am happy with the spreads.

I haven’t had a chance to experience their security systems - even if there are any security issues, I haven't seen them and this is probably a good sign. I feel pretty comfortable trading with TP. I recommend them to anyone looking for a good broker.

Julian Moore, Canada 06/21/2012

Trading point

I have only been trading for 2 years now and have recently been trying out a number of different brokers.
I found this brokerage and thought I'd give them ago.
Finding they offer a 20% bonus on initial deposit I was at first tempted to deposit a couple of grand but ,luckily, my sense took over!
I deposited 30 quid and thought I'd give their system a "once over" and if it was ok then deposit the rest,as they still offered a 10% bonus on further deposits.
First thing I found was that they don't offer a Mac friendly platform so I logged onto their web-based platform.
First strange thing I found was that the s/P T/L options were greyed out and could not be specified on execution.
Ok so I make a deal and find afterwards they are still greyed out! " Eh up" i think ! Something wrong here!
So I use their online chat helpline.This was excellent!! Answered within minutes! Some bloke, as nice as he was was as useful as a chocolate fireguard, and basically told me that as i had a mac there was nothing he could! WOW!
Next I download the iPhone app and guess what? Yep no option to set a s/l or t/P !
Anyway eventually I get to speak to Diana.And very nice she is!
However eventually she sends me a link to a mac friendly platform.Guess what? it isn't actually a mac friendly platform but in fact a bit of advice on how to download a third party program to fool their platform into thinking it was operating on a pc.
Don't think so somehow! So I dig out my old pc lap top ( good job I had sent it for 6 with my louisville slugger as I'd been tempted to when it slowed down to snails pace before it was replaced by the mac!) and I load up their bt4 platform.
WOWWWW.! This looks like its been designed by a college student on an excel project.!
Quickly realising what this outfit is all about I put all my dough (all 30 quid of it !) on a casino bid of 1/500 on a long EUR/USD deal and lost the lot quicker than you can say yankeedoodledandee!
Not bothered as it would probably have proved more difficult to get a withdrawal with this outfit than it would have been to get the Greek bail-out re-paid!!
Got an email today telling me of their "special offer" of 100% bonus of deposits valid till 5 June!!!!! WOWWWWWWWW
Give me break! "Bucket shop" doesn't even begin to describe this outfit!
They're as transparent as my aunties nightie !
Come here OANDA and give me a hug I never realised how good you were!
Reminds me of a saying. " Ever lent a friend 20 bucks and never seen them agin?It was probably worth it!"
Do as you will people but be be careful!

Paul 05/24/2012

Trading Point is an excellent broker

I started trading with Trading point two months ago. The execution is very good and also the customer service is very professional, I have talked to Ajeet Singh who helped me on a couple of occasions.

Choo Sung Tai 05/15/2012

Trading Point will no longer be able to accept US residents

Even though Trading Point does not have any offices and/or operations in the U.S. and does not engage in the solicitation of clients, it appears that the CFTC does not allow us to offer our services on a cross-border basis to U.S. Clients, without being registered as a Futures Commission Merchant (FCM) in the United States and complying with the US regulatory framework for retail foreign exchange transactions.

In light of these developments, it is with great regret that we have to inform you that Trading Point will no longer be able to accept any transactions from U.S. residents.

Accordingly, by the 15th of February 2012 no later than 22:00 Central European Time (CET) - 5:00 PM Eastern Standard Time (EST), all open positions and all pending orders in your account with Trading Point must be closed. Any positions left open at that time will be automatically closed at the last available price and all pending orders will be cancelled.

NewYorker 02/27/2012

Trading Point always fill my orders without delay or slippage

I'm with Trading Point for the last 6 months. I'm averaging 10 trades a day and execution is the best I've ever experienced. I've traded with FXCM, Traders Trust, Interbank FX, Forex.com so I know what I'm talking about.

TP's spread is average, but my orders are always filled without slippage. Customer service is excellent, deposits and withdrawals are flawless - I've never had to wait for my money longer than my bank need to receive the wire.

Trading point don't provide tutorial and webinars for beginners and many of them lose their money for a month or two and then blame their broker.

Alexandro 12/16/2011

Trading point offers excellent customer service and reasonable sreads

I'm trading with TP for a couple of months and my experience is quite good:

Customer service (by chat and phone)is excellent: Diana and Nikos always helped me whenever I need help. Often I closed the chat with the problem resolved. Besides Diana speaks Italian :)

I'm not a scalper but trend follower, so the the spread it's not important for my trading; Anyway I never noticed spread unusual widening on the major pairs I trade (AUD/USD and GBP/USD).

I requested a withdrawal a couple of weeks ago via credit card (for an amount equal to the amount I deposited by that card) and via bank wire (for a small amount). Diana and Nikos helped me for my first withdrawal .. and of course that the money just arrived on my bank account as promised.

Believe me: no scam ... no fraud. I highly recommend this broker.

Enrico 11/14/2011

I have been trading with Trading Point for 6 months

I have been trading with Trading Point for 6 months now and I can say that this is the best forex broker I have ever seen. The problems with my first deposit and welcome bonus were solved before the chat with the customer service has ended.

TP is registered with the FSA UK and a regulated by the CySEC, so their legality cannot be questioned.

Alvin 10/10/2011

Scalping, carry trade, and automated trading with Trading Point

I have an account with Trading Point for about 4 months now.

I tried scalping, carry trade, automated trading etc, so I contacted customer service on different occasions...and I am satisfied with them overall.

One thing to mention:

A couple of weeks ago the spreads get quite high. I contacted customers service and they told me that it's because of general market conditions.

Usually the spreads are quite low, about 2 pips on EUR/USD and USD/JPY.

I hope the spread will tighten as soon as market volatility decrease.

Mogul 08/22/2011

Trading point send me my money in less than 4 hours!

I opened an account with Trading Point and fund it through MoneyBookers. My money was in my trading account in less than 1 hour. That was on the 4th of January 2011

I made a couple of trades, and even thought I am a bit away from the server (250 ms ping) my order execution took 1375 ms, with 0 slippage. That was impressive.

I did make some money, and I requested a withdrawal at about 15.00 gmt. It is now 18.30 gmt, and my money came throught moneybookers. This is what I call damn fast! Keep up the good work.

I will publish the same experience in other places. Trading point deserve it.

Janiter 07/21/2011

Trading Point and Go Markets seem like the most reasonable choice

Trading Point and Go Markets seem like the most reasonable choice for any trader looking for high leverage and No Dealing Desk trading.

I have accounts with Trading Point and Go Markets and I can say that overall I do prefer Trading Point. Their spreads are slightly wider, but execution is faster and slippage is smaller.


100% recommended. I give them 5 stars for their good service and fast back office.

Dimitris 07/20/2011

Trading point offers low spreads during Asian session

I am trading with TP for the last 3 months. I just wished they had lower spread during Tokyo session for EURUSD.

Comments from people claiming that TP widens spread during News releases is FALSE.

Only thing I really worry about Trading Point is that they are Market Maker. Words on the street that Market Makers can get ugly on traders who are too profitable. I Just hope that TP will not turn out to be that kind of broker.

Brunosa 07/03/2011

No requotes, scalping and news trading with Trading point

When I first read about the no re-quotes policy and that they provide news trading and allow scalping, I was very very skeptical as all this does sound too good to be true.

I opened a small account to try out trading at news hours and I am very pleased to see that they live up to their claims. I have not deposited a substantial amount ($200) but will gradually deposit more if they keep things as they are. I am gonna test first $1000, then $5000 and then more if they are still executing me so fast.

Jarris 06/12/2011

Hope Trading Point to launch a web platform soon

I opened a forex tradign account with Trading-Point a few days ago. The sign up process was fast and easy. My account was live within 5 minutes

I did have a technical problem with the OIL not showing on my live Metatrader platform (MT4). Trading point were aware of it and after a couple of emails the problem was solved. I can promise you they will do their best to make things right!

If you open an account with Trading-Point they will add an extra 20% to your first deposit.

I hope they will launch an web trading platform soon because I am a Mac user and I hate switching to Windows mode everytime I wanna trade.

Mladan 05/25/2011

Trading Point dont have instant execution

I do not like the fact that Trading Point dont have instant execution and execute my market orders at first price possible. I prefer instant execution because I do not use scalping techniques neither news trading.

I stay with this forex broker because the money that you earn is yours! The best thing I love about Trading Point is the deposit/withdrawal method they use. You can deposit using PayPal/Moneybookers and request a withdrawal to any of these two payment systems.

Jrevino 05/01/2011

Trading Point MT4 trading platform works fine with mine EA's

I have been with Trading Point for the last 3 months and they are GREAT. The spreads are low, the deposits and withdrawals are on time.

I find their daily forex news very helpful for trade setting. MT4 trading platform works fine with all of mine EA's and if you experience any problems Trading Point support stuff is right there to help you.

Thanks for the BONUS GUYS ;)

Bevin 04/26/2011

Trading Point: Great customer service, fast withdrawals

I was looking for a forex broker and a friend of mine recommended me Trading Point.

I’ve been trading with this forex broker for 2 months now. I had little issues with MT trading platform and they were resolved by Trading Point’s support very quickly.

Now I have no problems whatsoever, great customer service, fast deposit and withdrawals. Highly recommended.

Sarikova4tgg 03/13/2011

Trading point support helped me wiht my EA

I am trading forex for nearly 2 years now. I was with FXCM, Alpari and other forex brokers.

In all this time I have never found a forex broker which is so good with Expert Advisors (EAs). I bought for $400 and I had some questions using it. Trading Point support department solved my problem very quickly.

They only bad thing I have to mention about them is that their exotic currency pairs spread are a litttle bit wide. But anyway, I trade the major ones.

I am definitely going to stay with them.

Savina 01/19/2011