Brokers News

Forex success story: How Mr. Weeler made $1 000 000?

Jan 13 2012 15:23:38 GMT
By
Stanimir Zhelev , ForexBrokerz.com Find me on Google+

In a payment believed to be one of the largest of its kind anywhere, in September 2011Trading Point  paid $1,000,000 to a client, making him a foreign exchange millionaire. Chris Wheeler, an experienced forex trader, deposited $25,000 in July 2011, and was paid $1,000,000 on 13th September 2011.

 
The millionaire protagonist of the success story proudly recommends Trading Point, which, as he put it, "smoothly and swiftly" processed the large payment to him.
 
"I started with Trading Point in July 2011 with $25,000", Mr. Wheeler says, "and withdrew 1 million USD as early as 13th September the same year. As an experienced trader I would rate Trading Point highly in terms of execution, service and fairness ... their service is of class A quality in all respects. Trading Point is professional and has business transparency, and I highly recommend them to every trader with serious business intentions."
 
Trading Point of Financial Instruments Ltd is a successful international broker that provides online and telephone services for foreign currency exchange, with over 60 currency pairs, including CFD's and spot metals. As Costas Cleanthous, CEO of Trading Point states, "The forex market is the largest financial market with a turnover of over $3.8 trillion a day. It provides a simpler, more convenient and less expensive alternative to the stock, options and futures markets. It is equally suitable for experienced and novice traders. Unlike in the stock market, in the forex market there is always a chance to make money, irrespective of market moves. It is our conviction that every eligible person in the world should be given the opportunity to trade forex. This is why we offer a 20% Welcome Bonus to anyone who opens an account with us and other periodic promotions."
 
One of the core values of Trading Point is that they follow a democratic and flexible policy in terms of offering everyone an equal chance to try out trading. Open to both novice traders and professional investors, the company focuses on providing their clients with the same expertise and high quality regardless of deposit amounts, trading skills and trading goals.
 
"This is the first of what we hope will be many such payments", Managing Director Illias Mavrommatis, says regarding their millionaire client, Chris Wheeler. "Trading forex and other leveraged products may involve a significant level of risk", he adds, "and is not suitable for all investors. This is why we do all we can for our clients. It is so important to choose the right broker. Our clients deserve the very best in customer service, low pricing, 100% execution rate, and other benefits. And because we believe that direct contact is always the most effective way to reach through people, we run a series of regular seminars country-wide for new and experienced traders."
 
Tasos Papanastasiou, Non-Executive Director is convinced that Mr. Wheeler's success story has created a solid base for the credibility and trustworthiness of Trading Point. "We created a forex millionaire who was very satisfied with our financial services and payment speed. On the other hand, we have many satisfied clients who have benefited with small or even no deposits. A novice trader took advantage of our $25 no-deposit bonus offer in the beginning of July 2011. Over a period of 60 days he built it up to $881, and the amount was paid to him on 12th September 2011. He says he had a very good experience with Trading Point thanks to the fast trading execution and because there were no re-quotes. What he found most impressive was that Trading Point kept all their promises in terms of services and quality."
 
Based on client feedback and testimonials, this is why more and more people choose Trading Point:
 
--  Anyone can trade from as little as $5 USD
--  Licensed not by one but three EU regulatory authorities
--  Tight fixed and variable spreads from 1 pip
--  Trading Point provides both individual and corporate investors with the
    same low spread on all currency pairs
--  Various and customized trading account types
--  Flexible leverage up to 500:1
--  No commissions or hidden fees other than spread
--  20% Welcome Bonus and 10% Loyalty Bonus
--  24/5 chat service and dealing desk support
--  No re-quotes, no rejections
--  Real-time, live instant deposits with no need to wait for clearance
--  Fast and easy withdrawals with no additional fees
--  Personal Account Managers for every single client
--  MetaTrader 4 automated trading platform
--  Daily market reviews for Asian and United States Sessions to facilitate
    trading decisions
--  Phone trading.
 
About Trading Point
 
Trading Point of Financial Instruments Ltd is a Limassol-based Cypriot company, which started operations in 2010. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10, and registered with the following national regulatory authorities: Financial Services Authority (FSA), UK, 538324; BaFIN, Germany; AFM, Netherlands; Fi, Finland, and the European Commission's MiFID. Trading Point is audited by KPMG. The management team has extensive and long-year expertise in blue chip financial service companies. During its relatively short history, the company has already become a most successful newcomer to the forex industry and one of the most sought-after brokers on the island.
TAGS: forex  success  story  trading  point  millionaire 

More news about XM

More Forex Brokers News

FxPro launches Forex Tools as Android app and Chrome extension

Jul 24 2014 10:33:54

FxPro, a European forex broker regulated in Cyprus and United Kingdom, announced 10 key updates, targeted at enhancing the overall user experience. The brand new FxPro Tools app for Android and Chrome browser extension are the most interesting among them. Read more

OANDA Releases Revolutionary fxTrade Mobile 4.0 Trading App for iPad

Jul 23 2014 13:54:33

Beginning with new, industry-first features to its proprietary application for the Apple iPad, OANDA is moving away from a “one-size-fits-all” approach to mobile trading. Read more

FXTM Forex Demo Contest With $5600 Prize Fund Ends Next Week

Jul 22 2014 13:24:43

Don’t miss out on the chance to test your skills and win a grand cash prize of $3,000 in a live trading account in the Forex Trading Cup demo contest. Read more

IG Reports Another Record Year, Obtains a Swiss Licence

Jul 22 2014 10:11:40

IG, a global leader in online trading, providing traders with access to over 10,000 financial markets - including shares, indices, forex, commodities and binaries, today announced its results for the financial year ended 31 May 2014. Read more

WSM Invest Acquires Gallant Capital Markets

Jul 18 2014 12:20:57

Gallant Capital Markets, the British Virgin Islands (BVI) regulated forex broker, operating gcmfx.com, is going to merge with WSM Invest Ltd., reported Forexmagnates.com. The deal is valued between $10.5 and 14. Read more

FXCM: Institutional Trading Volume 23% Up YoY, Retail - 33% Down

Jul 16 2014 14:53:36

FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for June 2014, including its retail and institutional trading volumes. Read more

Australia's IC Markets Now Offers Sirix Web Trading Platform

Jul 16 2014 14:08:45

IC Markets, a fast growing Australian forex brokers, has added Sirix to its list of trading platforms.  Leverate's web based platform was completely redesigned from the ground up in HTML5 last year and features advanced charting and over 30 built-in technical indicators. Read more

Oanda Partners with Autochartist to Provide Traders With Technical Analysis Tools

Jul 16 2014 12:44:37

LONDON – July 16, 2014 – OANDA, a global provider of innovative forex trading services, is pleased to introduce two new technical analysis features to its clients via the broker’s partnership with Autochartist: Correlating Signals and Our Favorites. Read more

ASIC Regulated GO Markets Adds Binary Options to Its MT4 Platform

Jul 11 2014 15:32:02

GO Markets, an Australian forex broker regulated by ASIC, has officially launched  binary options trading earlier this week.  Traders can choose between two trading platforms to trade binaries - the popular Metatrader 4 and a standalone web platform, provided by TradeToolsFX . Read more

Australian Forex Broker Pepperstone Now Offers USDRUB and USDTHB Trading

Jul 11 2014 12:16:23

Pepperstone, an Australian forex broker regulated by ASIC, announced that it has added Russian Ruble (USDRUB) and Thai Baht (USDTHB) to its line-up of currency pairs, available for trading on it MT4 platform. Read more