Off shore broker for US customer - Trading Point?

I have not had any problems with them. As I said, their spreads seem a
little high. Yes, I am using this a a high risk, home run type account with only 10% of my trading capital, so the high leverage suits me well for that purpose. I'm not saying that they are better than my US broker, but what they do offer they seem to be straightforward and honest about.

Regards,

I've been looking into trading point recently - Any plans to offer gold/silver trading anytime soon?

Can anyone recommend other legit offshore brokers still taking US clients?

Hi ChiRho007,

We do in fact offer both Gold and Silver to be traded via the Trading Point MT4 platform. More so, we offer these commodities to all our account types (Executive, Standard and Micro). To view these and more through the MT4, simply right click on the market watch table and select 'Show All'.

Additionally, with the exception of currencies, we offer Light, Sweet Crude Oil and mini sized Dow. We are constantly increasing the number of financial instruments that we have on offer, with Corn being the next in line - we currently provide it through our Demo account for clients/potential clients to become acquainted with it.

Kind Regards,
The TradingPoint Team

if you still did not find your spare broker

you could do a favour to all traders who think of having offshore account


to check and give your opinion

about investorseurope in gibraltar

its demo works fine exept short time freese sometimes

and it is regulated and claims not to play against cliants in principe

this broker exists for long time but nobody yet shared his expirience

on the web

hedging and scalping are allowed

what fits my style of active scalping

i am just a bit hesitant to leave my current broker in europe

whos service is reliable but not good for scalping

and want to get someones opinion first



wish you lucky trades

please look at my suggestion to DaTrader

Thanks- I saw your post in the other thread also - Was checking into FinFx also.

i'll be glad to recieve your feed back

try to get info who are the people behind this organisation

cause no regulation of forex service in finland just general rules

as far as i understand

lucky trading to you

Petra,

It's been a few months since you joined TP, any update or new review on the broker? Things still good?

Yes, I do have an update. For some unknown reason, those fast deposit credits and withdrawls have slowed down. Now it can take multiple days for either. Not sure what has happend. I have asked several times and I cannot get a satisfactory answer. It is a little concerning. Also, the spreads seems to be getting, on average, a little worse.

regards,

Petra, thanks for sharing.

I just hope that things won't get worse much more.

Hullo FX-Petra,

Been a month since your update; several of our trading room have been looking at Trading-Point for similar reasons to yours.

May I ask, have you noticed further developments there, things going better or worse?

I have been using TP for a good 9 months....Great broker...you get it all....no broker is the end all be all. This one I trust. I know many of the key people and have had no problems..

2.2-2.7 spread on the euro is no joke...however good they are their spread is a killer.

wow! their spreads have really improved I'm seeing as low as 1 pip on AU on my demo...hope its for real coz I'm considering opening an account with them.

Just went to their site to open a live acct... site now says they are not taking US customers. Anyone hear news? What's up?

How about re-quotes slippage and withdraws?
did anyone withdraw?
do they have a withdraw fee?

Yes I love trading point for their execution and some of the functions meet my need. I am on demo, still wondering anything different when it comes to live account platform.
I am currently with fxcm. no requote but slippage crazy. They are not allow to close portion of order. The only think I like is their Data Feed
I only care about broker is No Requote, Fast Execution, Safe Money. That's it.
If anybody know any broker meet this criteria please post link here. Thank you

Got this email today:

Dear Valued Customer,
On September 7, 2011, the Commodity Futures Trading Commission ('CFTC') filed a Complaint against Trading Point of Financial Instruments Ltd. ('Trading Point') in the United States District Court for the Northern District of Illinois ('District Court'). The Complaint alleges that Trading Point failed to register with the CFTC as a retail foreign exchange dealer prior to engaging in certain forex transactions, in violation of certain provisions of the Commodity Exchange Act and CFTC Regulations.
Trading Point has consented to an Order of the District Court not to conduct such business regulated by the Commodity Exchange Act and CFTC Regulations without properly registering with the CFTC, in violation of the Commodity Exchange Act and CFTC regulations. This requires, among other things, that Trading Point liquidate your open positions and close your account.
Accordingly, we regret that we have to inform you that under the terms of the settlement we have reached with the CFTC, you will have to close all your open positions in your account(s) with Trading Point and initiate the withdrawal of the remaining balance in your accounts with Trading Point by Wednesday, May 2nd, 2012, 11:59 PM GMT + 3 at the latest.
Any positions in your account that are still open at that time will be liquidated automatically at prevailing market prices and your account will be closed. Thereafter, the status of your trading account will be changed to 'Read Only', allowing you to access your account with your existing login details, but only to view history and generate reports as you require. No further trading in your account will be possible. Any remaining balance in your account will be reimbursed to you via the same account and/or payment method through which your initial deposit(s) was/were made.
In the event that you have questions regarding any of the above or need any assistance, please do not hesitate to contact your Account Service Manager or our customer support department and we will be glad to assist you:
Customer Support
Working hours: 24/5
Tel: +357 25 02 99 00
Fax: +357 25 82 03 44
E-mail: [email protected]
We sincerely apologize for any inconvenience this may cause to you, but unfortunately changes in U.S. laws and regulations are beyond our control. We have thoroughly enjoyed working with you and would like to thank you for your business.
Yours faithfully.
The Trading Point Team


Farewell Trading Point. The heavey hand of the US Gov. falls again. Just making it tougher for the little guy to make a dollar!

Regards,

Interesting. I know some people got their letters several months ago. I wonder why they are doing it incrementally. If you find another broker, please let me know. I opened an account with them based on your review and have been very happy, but wonder when I'm going to get my letter. I was thinking maybe they are hoping people will lose all their funds to them before forcing a shutdown. hahaha!

Take care.

I got the letter today also. DAMNIT!

Filling out an application for FinFX right now. Hopefully they have the cahones to not be forced by my country's hand.