Recommended for
- equity trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
411
people
chose this broker in the last 6 months
BrokerChooser Score
4.2/5
Brokerpoint review summary
Brokerpoint is a Germany-based global stockbroker for investors and traders. Brokerpoint has low stock and ETF fees. Thanks to its link to Interactive Brokers, it covers a vast range of markets and products, and offers a multitude of great research tools on its sophisticated trading platforms. Partly because of that, though, we recommend this broker mainly for advanced traders: the account opening process is complicated and the trading platforms are not so simple to use. In addition, customer service and education tools are almost non-existent, which is a big drawback for beginners. BrokerChooser gave Brokerpoint a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
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See how Brokerpoint is regulated and whether you should have any concerns using it.
Brokerpoint pros and cons
Pros
Cons
- Low stock and ETF fees
- Wide range of products
- Many great research tools
- Weak customer service
- High futures and options fees
- No educational tools
Brokerpoint main highlights
🗺️ Country of regulation
Ireland
💰 Trading fees class
Low
💰 Inactivity fee charged
Yes
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$0
🕖 Time to open an account
>3 days
💳 Deposit with bank card
Not Available
👛 Depositing with electronic wallet
Not Available
💱 Number of base currencies supported
3
🎮 Demo account provided
No
🛍️ Products offered
Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD
Fees
Brokerpoint has low trading and non-trading fees, including no deposit or withdrawal fees. On the other hand, fees for futures and options trading are high.
Account opening
Brokerpoint’s account opening process is fully digital, without a required minimum deposit. However, the process is complicated and account verification is relatively slow.
Deposit and withdrawal
Both depositing and withdrawing funds is free at Brokerpoint, and the process is user-friendly. On the negative side, bank transfer is the only option available.
Web trading platform
Brokerpoint’s WebTrader platform is user-friendly, has a clear fee report and is accessible via a safe two-step login process.
Mobile trading platform
Brokerpoint’s mobile trading platform has a safe two-step login, and comes with a good search function and multiple order types. However, beginners may find it too complex.
Desktop trading platform
Brokerpoint’s desktop platform offers great customizability and advanced order execution, but is not user-friendly and caters more to advanced traders.
Markets and products
An extremely wide range of markets is accessible through Brokerpoint, and all product types except for crypto are available.
Research
The quality of the research available at Brokerpoint is good and you can also choose from various third-party providers.
Customer service
Brokerpoint’s customer service needs improvement. There is no live chat and they do not give useful answers on the phone. Furthermore, we did not receive answers to our emails.
Education
At Brokerpoint there are no proper learning tools, and the site has outdated information about their availability. Because of that, the broker is not a good option for beginners.
Safety
As an introducing broker of IB, Brokerpoint is covered by top-tier regulators, granting most clients strong protection. However, IB and Brokerpoint lack a banking background and Brokerpoint is not publicly listed, meaning less transparency.