Launched in 2017, Brokerpoint is a German retail broker that offers online trading of multiple financial instruments across different asset classes, such as shares, options, futures, foreign exchange, bond issues, and funds. They provide traders with various advanced trading platforms, which are available in desktop, web, and mobile versions. In addition, the broker offers competitive trading conditions, such as leverage of up to 1:500, tight spreads, zero commissions, STP execution, and more. They collaborate with Atvantis Asset Management, a team with experience in trading at global stock exchanges and markets over decades. The minimum deposit required to start trading is $1.
Brokerpoint Review Introduction
In this Brokerpoint review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Brokerpoint.
Brokerpoint Platforms & Tools
The trading activities at Brokerpoint are carried out using the Trading Workstation (TWS). It is a well-equipped platform for trading shares, CFDs, options, futures, funds, ETFs, and more. The TWS trading platform is built with vital trading tools to ensure a hitch-free trading process. In addition, it provides you with access to customize your account to suit your trading preferences. The broker makes the TWS trading platform available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices. The mobile platform is best suited for traders who wish to place trades and check trading positions even while on the go as long as there is an internet connection.
Traders are also provided with a proprietary trading platform that is known as the IBKR. It is available as a mobile app that is designed for smartphone devices running on Android and iOS.
Brokerpoint Research & Education
There are a few learning resources on the broker’s website at the moment. It would help if they offered more extensive learning resources, such as blogs, a trading academy, news, and an FAQ section.
Brokerpoint Trading Accounts
The broker allows traders to open a single live trading account to start trading. The account requires no minimum deposit. In addition, there is a demo trading account that is designed to help traders get acquainted with the broker’s platform before opening a live trading account.
Brokerpoint Account Funding
All account deposit and withdrawal requests at Brokerpoint are processed using bank transfers.
Brokerpoint Customer Service
All trading inquiries are sent to a knowledgeable client support team who are available 24/5 during working hours. The support team can be contacted through email, Live Chat, telephone, online form, or by visiting their physical office in Hamburg, Germany.
Brokerpoint is regulated by Germany’s Federal Financial Supervisory Authority (BaFin).
Brokerpoint Review Summary
Overall, Brokerpoint is an online financial services provider that operates from Hamburg, Germany. They allow traders to buy and sell various financial markets using the TWS 4 and an in-house-built trading platform. There is a knowledgeable client support team available to assist traders. Their clients benefit from various competitive trading conditions to help them get the most out of their trades. The minimum deposit required to start trading is $1. BaFIN in Germany regulates the broker.
It is worth mentioning that some of the trading products and services in this Brokerpoint review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Brokerpoint broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.