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

EXNESS launches fixed spread forex trading

Nov 24 2014 15:31:16

EXNESS, a globally regulated forex broker known for its tight spreads and fast execution, has announced the lauch of fixed spread forex trading. Ten currency pairs with fixed spread are already available on Mini and Classic accounts along with the variable spread financial instruments. Read more

Forex Scam: ASIC shuts down the unregulated broker KiwiFXBank

Nov 21 2014 13:55:19

ASIC has taken action in the NSW Supreme Court to permanently shut down unlicensed foreign exchange (FX) business, Vault Market Pty Ltd (Vault Market), and to remove its sole director, Mr MD Anamul Amin, from the financial services industry. Read more

EXNESS reports record breaking trading volumes of $192 billion in September

Nov 19 2014 17:44:04

EXNESS has announced that its trading volumes will be audited by the world’s largest auditing firm, Deloitte, and that it experienced record trading volumes of US$192,43 billion during September. Read more

Forex Scam: ASIC warns against YoutradeFX

Nov 19 2014 16:49:54

The warning comes 3 months after YouTradeFX sold its Australian customer book to AvaTrade and launched a binary options trading service called Woojoo Trader   ASIC has today cautioned Australian investors against dealing with the company or group YoutradeFX for trading in margin foreign exchang... Read more

Trading 212 receives FCA licence and becomes regulated in the UK

Nov 17 2014 18:12:48

Today Avus Capital UK, the company behind Trading 212, a progressive Forex broker and platform developer, received its licence from the Financial Conduct Authority (FCA). Read more

Saxo Bank to launch NDD forex accounts with raw spread

Nov 17 2014 17:56:57

In addition to the now available fixed market spreads Saxo Bank will offer raw spreads plus commission or mark-up. The news comes less than a month after FXCM, another major forex broker, introduced raw market spread plus volume based commission. Read more

FXTM announces Forex Factor demo contest with $5600 prize fund

Nov 14 2014 11:38:50

If you feel you have special trading skills that set you apart from the pack, now is your chance to prove your skills as a trader by joining the FXTM Forex Factor, a risk-free demo trading contest run by international forex broker Forex Time (FXTM), where you will be competing against other forex tr... Read more

GAIN Capital reports 14.4% increase in retail trading volumes in October

Nov 10 2014 16:24:35

Gain Capital, a US based forex broker mostly known for its brand Forex.com,  today reported certain operating metrics for the month of October 2014.   Retail metrics    - Retail OTC trading volume (1) of $273.4 billion, an increase of 14. Read more

IronFX launches Spread Betting in UK and the Republic of Ireland

Nov 10 2014 15:05:36

IronFX Global UK Limited, an FCA-regulated entity and one of the largest online Brokers in the world, is pleased to announce the launch of Spread Betting a new trading product available exclusively to clients resident in the UK and the Republic of Ireland. Read more

Gain Capital acquires City Index for $118 million

Oct 31 2014 16:35:37

Gain Capital acquisition of City Index creates global leader in online FX/CFD trading, with over 235,000 funded accounts, $1.2 billion in customer assets and $3.1 trillion in annual trading volume. Read more