Breaking News Review is the name of the website under which Trading Point of Financial Instruments UK Limited operates. The brokerage company is authorised and regulated by the Financial Conduct Authority (FRN: 705428). Trading Point of Financial Instruments Limited includes a family of companies and is also the owner of the This broker has licenses issued by the Cyprus Securities and Exchange Commission (CySEC) and by the Australian Securities and Investments Commission (ASIC 443670). Another two brands of this financial firm have offshore licenses. Under the Regulation section there is a detailed explanation of the procedures that uses to secure the client funds.

There are several deposit methods including credit cards, bank wire transfers, Neteller, Skrill and the important thing here is that covers all transaction fees.

There are more than 1,500 instruments available for trading and they are separated in four groups: Forex, Stocks, Commodities, Indices, Metals and Energies. Despite the large number of instruments offered, there are only 57 currency pairs. They are enough for the average trader, but some experienced traders would like more. The spread of EUR/USD starts at 0.6 pips. As a regulated broker in the UK the maximum leverage for retail clients is 30:1. Positions can be left open without worrying about the margin needed because there are no changes in margin requirements over the weekends. There is negative balance protection, which means you can lose only what you have invested. This happens when the stop-out level is reached: if the total funds become equal to 50% of the total necessary margin.

Clients can trade through one of the most used platforms over the world – MetaTrader 5. There are versions for PC (desktop or web-based) and mobile applications for Android and iOS. Customers are invited to try out all the features of the platform by opening a demo account funded with virtual USD100,000. However, the minimum deposit is only USD5 so tests can be done in real-time. claims it executes 99% of client orders in less than a second and there are no re-quoted or rejected orders. However, the Order execution policy warns that in some circumstances orders can be filled with slippage (negative or positive) – so won’t reject your order but will execute it at the first available price. That automatically means that the stop loss orders are not guaranteed. Another thing to consider here is the Execution model of the company: It acts as a principal with the execution venue being its sister company XM Cy. So, ‘s sister company is a counterparty and may act against its clients because it earns money from the client losses as well. This can be viewed as a conflict of interest.

As an addition, there is a third-party economic calendar on the Learn section of the website. However, it must be refreshed to display the latest data and there is no news or education section.

In general, you can open a live account in less than 5 minutes due to a simplified registration process, you can start trading with just USD5, and you can enjoy reasonable spreads and execution through the MetaTrader 5 terminal. In addition, you can feel more confident while trading with an EU regulated broker.

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