In-depth Review Compiled by Traders Union Analysts

June 15, 2023

In the dynamic world of online trading, selecting a reliable and proficient broker is critical. Hence, the importance of comprehensive broker reviews cannot be understated. With this review, we aim to shed light on one of the key players in the Forex trading world.

Traders Union compiled the review. It will delve into the diverse aspects of From its offerings and trading conditions to the potential drawbacks, our review will guide you through the myriad details of this UK-based broker.

What is

According to Traders Union experts,, formerly known as XMUK, has carved a significant niche in the trading market. The full name, Trading Point, was transitioned to the more streamlined in 2019. This London-based firm is regulated by the Financial Conduct Authority (FCA) under registration number 705428. allows traders to invest in six asset classes: currency pairs, metals, and CFDs on stocks, stock indices, commodity futures, and energy resources. Over 1,250 assets can be traded, offering significant diversity to traders worldwide.

Advantages and disadvantages of

As identified by TU experts, exhibits an array of advantageous and disadvantageous features.


  • Favorable trading conditions with average spreads on significant pairs standing at 0.6 pips.
  • The absence of commissions enhances the profit potential.
  • Moderate initial deposit requirements, with trading commencing at a minimum deposit of $5.
  • The renowned MetaTrader 5 platform is used for desktop and mobile trading.
  • A reliable regulatory framework under the FCA.


  • Limited accessibility as the broker only provides services to UK citizens.
  • The absence of PAMM and MAM accounts for passive investing.
  • Lack of bonuses and training programs.

Analysis of the main features of the Forex broker

The overall score, as evaluated by TU experts, is a modest 2.06. The execution of orders scored 1.85, while the variety of investment instruments is marked at 1.91. The speed of withdrawal processes has been rated at 2.21, and customer support stands at 1.69. The various instruments and the trading platform earn higher scores, at 2.43 and 2.27, respectively.

Trading conditions for users

The trading conditions at, as per TU experts, are as follows:

  • Trading platforms: MetaTrader 5 for desktop, mobile, and WebTrader.
  • Account types: Ultra-Low Standard, Ultra-Low Micro.
  • Account currencies: EUR, USD, GBP, CHF, AUD, PLN, HUF.
  • Minimum deposit: $5.
  • Leverage: Ranges from 1:1 up to 1:30, depending on the instrument.
  • Spreads: Average spread at 0.6 pips.
  • Instruments: Many instruments, including 57 currency pairs, and 1200+ CFDs on shares, commodities, indices, metals, and energy resources. trading Instruments compared to other brokers

TU experts compared the trading instruments of broker to other broker’s trading instruments.

  1. RoboForex: Much like, RoboForex also provides various trading options. However, the specifics of trading conditions and instrument variety can differ, thus requiring careful analysis from prospective traders.
  2. Pocket Option: Pocket Option’s trading offerings resemble those of Nevertheless, differences in trading conditions, instrument availability, and other features mandate an in-depth examination by interested traders.
  3. Tickmill: Tickmill, similar to, provides diverse trading options. The nuances of trading conditions, instrument variety, and unique features may vary, necessitating a thorough evaluation by potential traders.
  4. EXNESS Group: EXNESS Group, while offering a broad spectrum of trading options like, may differ in aspects like trading conditions, available instruments, and other unique features. Hence, a detailed comparison is advised for potential traders.
  5. AMarkets: Offering a diverse range of trading options akin to, AMarkets might still differ in trading conditions, instrument offerings, and other specific features. Therefore, potential traders should meticulously examine these factors before making a decision.

Additionally, TU experts have also published a thorough FXPRIMUS review on their official website for traders who are interested,


While presents a strong case for a reliable trading platform, weighing its benefits against its limitations is essential. As always, we recommend traders to visit the Traders Union’s official website for more insightful reviews and guidance on choosing the best-suited broker.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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