Richard Montana | June 17, 2021
Operating from Hamburg, Germany, Brokerpoint is an online retail broker. They allow traders to invest in international shares, options, futures, foreign exchange, bond issues, and funds from one single account. The broker also allows clients to place deposits and trade assets in different currencies while giving them access to up-to-date market information around the clock and six days per week. Trades are carried out using the intuitive TraderWorkStation (TWS) platform that is available in desktop, web, and mobile versions. There no minimum deposit required to start trading.
Pros / Cons
- Premium trading platform
- Multiple financial instruments
- No minimum deposit amount
- Regulated investment brokerage
- Limited account funding options
- No MetaTrader platforms
- Limited educational resources
- No USA clients
Brokerpoint is a multi-asset brokerage firm that provides traders from over 33 countries with unhindered to more than 135 financial markets. Bokerpoint offers professional analysis tools, solid and fast working order systems, and your personal 24-hour service. Brokerpoint cooperates with Atvantis Asset Management, a team with experience in trading at global stock exchanges and markets over decades. Over the years, the broker has bagged several industry awards in recognition of its reputable brokerage services. The awards include the best broker for stock trading platforms and research, the best broker for intermediate trading, and more.
Brokerpoint is regulated by Germany’s Federal Financial Supervisory Authority (BaFin).
Traders from different parts of the globe can open a live trading account with the broker provided their respective country of residence permits online trading with international brokers.
The broker provides traders with the Trading Workstation (TWS). It is one of the best platforms for trading shares, CFDs, options, futures, funds, ETFs, and more. Having passed through the acid test, the TWS trading platform offers a resilient trading system that is replete with essential trading tools. In addition, it provides you with access to personalize your trading account and trade over 3,000 financial instruments. The platform is available in desktop, web, and mobile versions.
There is also the IBKR trading platform. It is an in-house-developed trading platform that is available as a mobile app. The mobile application can be downloaded from the Apple and Google playstores.
There are no standalone trading tools on the broker’s website. But the TWS trading platform has enough built-in analysis tools to satisfy even the most demanding traders.
There is a limited selection of educational resources on the broker’s website. However, some free platform training courses are available to guide traders on using the provided trading platforms.
The broker offers the following financial instruments: forex, bonds, shares, CFDs, options, futures, funds, ETFs, and more.
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 to help traders familiarize themselves with the broker’s platform before opening a live trading account.
The broker provides traders with a client support team who are polite and prompt in response. The support team is available Mondays to Fridays — 8 am to 10:30 pm — and can be reached via email, Live Chat, telephone, online form, or by visiting their physical office in Hamburg, Germany.
The broker accepts bank transfers for both account deposits and withdrawals. Brokerpoint supports significant currencies like USD, GBP, and EUR but does not support minor currencies.
Account opening at Brokerpoint involves an easy process and takes about 5 to 7 minutes to complete. First, click on the “Open Account” button at the homepage of the broker’s website and follow the subsequent instructions.
Putting it all together, Brokerpoint is a German broker that provides a global clientele with access to trade multiple financial instruments via the TWS 4 trading platform. They provide traders with a professional customer support team to assist them. There are various competitive trading conditions to help try and enhance clients’ trading experience. No minimum deposit is required to start trading. BaFIN in Germany regulates the broker.