261 reviews of XM (ex-XM.COM) are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
It 's a very good broker. Negative note: there is no MT4 PDA and, which concerns me, Italian assistance.
Sorry for my english
As an official representative of Trading Point, firstly, I would like to thank all readers for their feedback and reviews as feedback is a key factor to the ongoing success of Trading Point as a leading financial institution.
With regards to the review posted by Cracker I would like to note the following:
The spread on the EUR/USD throughout the Asian session is typically higher, due to the low market liquidity for this pair during the Sydney and Tokyo market opening hours. Spreads do tend to tighten throughout the European and United States sessions, at times reaching as low as 0.9 pips!
With regard to the widening of spreads during news hours, I am sure you will be pleased to hear that, unlike some other brokers, we, in fact, do not widen our spreads during news hours, but instead keep the same competitive rates that are provided to us by our liquidity providers. Furthermore, please be aware that we also provide fixed spreads upon special request, in an effort to accommodate all of our clients’ preferences.
With respect to Swaps, yes, the greater amount (>50%) are in fact negative, as is common amongst ‘Forex’ brokers (in fact, I believe that almost all brokers, whether ECN/STP/MM, will have more –ve than +ve swaps due to the mark-up they put on top, in order to make profit). Please note, however, that there are numerous pairs that do give a generous positive value on the swap when held overnight; e.g. AUD/USD, EUR/AUD, EUR/HKD, GBP/CAD, NZD/USD,….etc. As you are from Australia, I think you will be pleased to learn that we offer positive swaps on the Major currency pairs, including the AUD/USD, as well as on most of the crosses containing the AUD.
With respect to ‘gaps/glitches’ on our charts, could you be so kind as to inform us of a date, time and currency pair in respect of which you noticed this and we will definitely review your comment, as we have not been informed or notified of any such event in our charts before.. maybe, you were looking at a time period which included the weekend – if so please note that ‘gaps’ in such a scenario are quite common.
With regard to the MT4 trading platform and the visibility of ‘account history’, ‘trade’, ‘mailbox’ etc., please nbote that this functionality is available under a sub-tab of the main ‘Terminal’ tab. To view this, simply go to ‘View -> Terminal’. With regards to the news, I am certain that you will be pleased to hear that we make an ample amount of news and information available to our clients, which is produced by our Investment Research Desk. You consult this information on our website by going through the following link: http://www.trading-point.com/forex-news/all. There you will find Daily Market Reviews for the Asian and United States sessions, as well as ‘on the spot’ news releases regarding important economic data.
Once more, thank you for your reviews both positive and negative where applicable; our management takes them very much into consideration in both our day to day operation and of course when planning ahead.
Chris A. Zacharia
Official Representative of Trading Point of Financial Instruments Ltd.
I've been trading with since December 2010 and Im more than happy, there only a handful of licensed brokers that accept US clients and ain’t bucketshops.
Withdraws and all the procedurals are very, very smooth.
I would compare their execution to the big US based brokers that offer a tenth of the leverage they offer and don’t have nothing better in terms of clean trading.
Note; Comments below from cracker are unrealistic; no further comment
I'm a newbie at forex and have been looking for a broker to start trading with. I've never seen such good reviews about a particular broker before??? Has any one noticed that the swaps for the main pairs: eur/usd, usd/jpy, usd/chf and gbp/usd are all negative on their table of spreads, swap values etc... meaning that your account will always be charged not credited doesn't matter if you buy or sell these pairs and hold the positions overnight/week... They gave an example of usd/jpy (on their website) to have both positive and negative swaps but not so according to their table of values for spreads, swaps,limits/stops etc...
Most of the pairs that have got some sort of positive swaps, the spreads are usually wide and from what i can see, not too many people trade these pairs anyway!
They claim variable spreads are usually lower then fixed spreads yet their eur/usd hardly ever drop below 2 pips and rise above 3 pips frequently (in quite times, no news); just imagine with news releases!!!
There are brokers that offer 2 pips fixed on eur/usd!!!
Their trading platform have glitches; candlesticks appearing/disappearing; sometimes the candlestick don't appear at all leaving a gap between one segment to the other, not a price gap, just a gap!
shouldn't Metatrader platform have 'news' in the terminal section along with your 'account history', 'trade', 'mailbox' etc..., there are no 'news' to be found in the trading platform.
this review is getting long, i'll leave the rest for another review!
This is the first forex broker I have ever seen with 100% positive review. This poor broker must be losing money. I am definitely IN.
I have traded with trading point and when the market went crazy I made a trade that did not show and the prices went up and down like crazy I was very upset and scared that the trade did not go through, I called them and they guaranteed my price I was very happy and they told me we always guarantee the price even in crazy times they are the best. I also met the staff they all professionals.
They offer direct payment via PAYPAL into your MT4 account.
Even at 02:00 in the middle of the night in case you need to support your position you can make the payment via PAYPAL and in the next second you will see your money in your balance. Unbelievable.
I havent withdraw any money yet but they validated my account so i believe it will not be any issue.
I am about to make a withdrawal this week and i will keep you posted.
This broker is the best! They go out of their way to help their clients.
Their Csutomer/support is OUTSTANDING !!! Always there to answer your questions.
I am giving them the highest score possible on this website. If they had numbers they would get a BIG 5 STARS!!!!!!!!
Simply, the best! Helpful 24/7, professionals, honest,
no requotes, never freeze trading, excellent feedback, low fixed spreads and all deposits/withdrawals on time and quick!
Good stuff there.
They are doing excellent job. I've tried many but this is the best.
I have been with Trading-Point for a few days now. The sign up process was fairly easy and very fast and my account was live within 5 minutes
I have been watching the market to see how they respond and quite honestly I feel more comfortable trading with them compared to what I did with other "big" brokers, I dont have to say names now.
Firstly now when I entered a trade the market does not suddenly spike and hit my SL, instead it does exact as I expect and yes I am still in the trade and in the green :) .
I did have a technical problem with the OIL not showing on my live platform (MT4) they were aware of it and after swapping emails with two of their account reps for the past two days, I can promise you they will make every effort possible to make things right!
If you trade with Trading-Point they will add an extra 20% of your initial deposit. Who else does that ?
Unfortunately I would also love to see them make an online platform because I am using a mac and I hate restarting into Windows mode everytime I wish to trade.
Ive tryied markets.com, onforex.com, fxpro, easy-forex you basically name it; I trade around the clock and together with FXCM this is the only broker Ive experienced with no requotes and I mean no requotes; its just not words, easy forex they freeze trading when news come out, markets.com requote, requote requote, requote, fxpro same story; Look for me its fairly the most honest broker Ive come across together with FXCM and I think its worth the note. CS is cool, delaing room is quote helpful; the only thing I dont like is there is no web based platform and when I asked if there launcing one any soon the answer was not in the following six months. Anyhow I recommend them;
Opened an account with Trading Point through earnforex.com on January of this year, tried them out with a $50 deposit, Im able to share good feedback as they don’t do requotes most importantly and I can say they are quite professional. Paypal worked fine for me customer service is quick. Overall a good broker and honest from what it looks like.
Have been with Fxpro, FXCM, Alpari, Etoro you name it, been a trader since 2005 I got accounts with anyone you can really think of to be quite honest, Fxpro the guys are a joke, FXCM good put too procerdural, Alpari something not right there Etoro becoming too much of a casino I landed on Trading Point through earnforex and opened an account on January 10 this year; put in 1000 through paypal got quite a generous bonus on it and I cant say I got bad comments to say. It aint looking like im gona be changing brokers any soon as there spot on, knowledgeable of the market and not just a crowd recording the usual no sir yes sir im not permitted to do that sir, when you are a trader you just cant cope with irrelevant people on the other end of the phone calling themselves dealers. I go about fxpro, aplari you name it they are so called regulated brokers who in gods name regulates the dealing rooms of these people they don’t have a clue you get the feeling you got waiters being dealers. Im quite peaky and I do recommend the particular broker as there serious.
I do not like the fact that they have market execution instead of instant execution. Yes there are NO REQUOTES with market execution but since I do not trade often because I am travelling all the time, I prefer instant execution because I do not use scalping neither news trading.
However though I must say that it is an excellent broker to deal with because the money that you earn is yours! Just excellent and smooth money withdrawal methods. The best thing I love about them is the deposit/withdrawal method they use. You can deposit using PayPal/Moneybookers and ask for a withdrawal to go to any of these two e-wallets.. Splendido!!
I will post a review again in the coming weeks hold your breathh
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