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Written by: Tekla C. Updated: Dec 2022
Expert verified
Recommended for
  • equity trading
  • forex trading
Trusted broker
Regulated by top tier financial authorities
Popularity
371 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.

Brokerpoint is a regulated broker, it is overseen by a top-tier financial regulator in Ireland . Brokerpoint is also covered by investor protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at Brokerpoint if you live in United States. See the best alternative available in your country.

Brokerpoint pros and cons

Pros Cons
Low stock and ETF fees Weak customer service
Wide range of products High futures and options fees
Many great research tools No educational tools

Brokerpoint main highlights

ūüóļÔłŹ Country of regulation Ireland
ūüíį Trading fees class Low
ūüíį Inactivity fee charged Yes
ūüíį Withdrawal fee amount $0
ūüíį Minimum deposit $0
ūüēĖ Time to open an account >3 days
ūüí≥ Deposit with bank card Not available
ūüĎõ Depositing with electronic wallet Not available
ūüíĪ Number of base currencies supported 3
ūüéģ Demo account provided No
ūüõćÔłŹ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD

Brokerpoint review
Fees

4.1
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.
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Brokerpoint review
Account opening

2.5
Brokerpoint's account opening process is fully digital, without a required minimum deposit. However, the process is complicated and account verification is relatively slow.
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Brokerpoint review
Deposit and withdrawal

3.0
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.
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Brokerpoint review
Web trading platform

5.0
Brokerpoint's WebTrader platform is user-friendly, has a clear fee report and is accessible via a safe two-step login process.
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Brokerpoint review
Mobile trading platform

3.8
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.
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Brokerpoint review
Desktop trading platform

3.0
Brokerpoint's desktop platform offers great customizability and advanced order execution, but is not user-friendly and caters more to advanced traders.
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Brokerpoint review
Markets and products

5.0
An extremely wide range of markets is accessible through Brokerpoint, and all product types except for crypto are available.
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Brokerpoint review
Research

3.5
The quality of the research available at Brokerpoint is good and you can also choose from various third-party providers.
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Brokerpoint review
Customer service

0.3
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.
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Brokerpoint review
Education

0.0
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.
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Brokerpoint review
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.
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Brokerpoint review
Bottom line

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Brokerpoint review
FAQ

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Author of this review

Tekla Csike

Author of this review

Tekla is an aspiring young professional with a master's degree in psychology. As a writer, she aims to transform the sometimes daunting complexity of a topic to an easily understandable version, so the readers can feel the pleasing experience of learning constantly.
Tekla is an aspiring young professional with a master's degree in psychology. As a writer, she aims to transform the sometimes daunting complexity of a topic to an easily understandable version, so the readers can feel the pleasing experience of learning constantly.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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