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CashPoint foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://cashpoint.ca/, about the company's legal and temporary regulatory information, the company's address 3852, Finch Ave, Unit G03 Scarborough, Ontario M1T 3T9 Canada.

CashPoint Forex Broker

Basic Information

Registered Region
Canada
Operating Period
--
Company Name
CashPoint
Abbreviation
CashPoint
Company employee
--
Customer Service Email Address
customercare@cashpoint.ca
Contact Number
+14162847000
Company Website
Company address
3852, Finch Ave, Unit G03 Scarborough, Ontario M1T 3T9 Canada
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

CashPointReview Summary Founded2004 Registered Country/RegionCanada RegulationNo regulation ServicesMoney transfer, currency exchange, cheque cashing, buy-back gold loan Customer SupportEmail: customercare@cashpoint.ca Tel: 416 284-7000 Social Media: Facebook, X, YouTube Address: 3852, Finch Ave, Unit G03 Scarborough, Ontario M1T 3T9 CanadaCashPoint Information CashPoint is a financial service provider that was registered in Canada. The services it offers include money transfer, currency exchange, cheque cashing, and buy-back gold loan. However, CashPoint is still risky due to its unregulated status.Pros and Cons Pros Cons Diversified ServicesUnregulated 24/7 customer support Long operation history Promotion offeredIs CashPoint Legit? CashPoint is not regulated, making it less safe than regulated brokers.Services CashPoint offers a wide range of services, including money transfer, currency exchange, cheque cashing, and buy-back gold loan. ServicesSupported Money Transfer✔ Currency Exchange✔ Cheque Cashing✔ Buy Back Gold Loan✔Promotion CashPoint has promotions for money transfer rates and cheque cashing, but the associated information is unknown.

CashPoint broker review

Rating Index

  

Cashpoint Forex Broker - Complete Information Guide

  

1. Broker Overview

  Cashpoint, a well-established name in the online betting industry, was founded in 1996. The company is headquartered in Malta, with its main office located at Psaila Street 172, Birkirkara, Malta. Cashpoint operates as a private entity, providing a variety of betting services primarily focused on sports betting and online gambling.

  Over the years, Cashpoint has developed a strong presence in the European market, catering to recreational players and sports betting enthusiasts. The company's growth has been marked by its expansion into various regions, including Austria, Germany, and the UK, establishing itself as a reputable bookmaker in the central European betting landscape.

  The company is part of the Gauselmann Group, a well-known gaming and entertainment conglomerate, which enhances its credibility and operational capabilities. Cashpoint operates primarily as a retail forex broker, offering a wide range of betting options, including live betting and various sports markets.

  As a cashpoint broker, the firm has made significant strides in enhancing user experience through technological advancements and customer-focused services.

  

2. Regulatory and Compliance Information

  Cashpoint operates under the regulations of several prominent authorities. The primary regulatory bodies overseeing its operations include:

  • Malta Gaming Authority (MGA)
  • UK Gambling Commission

  While specific regulatory numbers were not disclosed in the available sources, the licenses ensure that Cashpoint adheres to strict standards of operation, including player protection and fair gaming practices.

  The licenses held by Cashpoint are valid for a wide range of betting activities, providing legal assurance to customers. The company has established separate legal entities for different regions, ensuring compliance with local laws and regulations.

  Cashpoint implements a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policy. This includes thorough verification processes to ensure the legitimacy of its users and compliance with international standards. Additionally, customer funds are kept in segregated accounts to protect them in the event of financial difficulties faced by the broker.

  

3. Trading Products and Services

  Cashpoint offers an extensive selection of trading products and services, primarily revolving around sports betting. The key features include:

  • Forex Currency Pairs: Cashpoint provides access to a variety of currency pairs, although the exact number was not specified.
  • CFD Product Categories: The platform includes CFDs on indices, commodities, stocks, and cryptocurrencies, catering to a diverse range of trading interests.
  • Unique Trading Products: Cashpoint occasionally offers special trading options, although specific products were not detailed in the sources.
  • Retail Trading Services: The broker focuses on retail clients, providing competitive odds and a user-friendly platform for sports betting.
  • Institutional Client Services: Cashpoint may offer services tailored to institutional clients, though specific details were not provided.
  • White Label Solutions: The company has the capability to provide white label solutions for other businesses in the betting industry.
  • Asset Management Services: While not explicitly stated, Cashpoint may offer asset management services to high-net-worth individuals or institutional clients.

  The company frequently updates its product offerings to align with market trends and customer demands.

  

4. Trading Platforms and Technology

  Cashpoint supports the widely-used MetaTrader 4/5 platforms, providing users with familiar and reliable trading tools. The broker also offers a proprietary web-based trading platform that allows for seamless access to betting markets.

  • Mobile Applications: Cashpoint has developed mobile applications for both iOS and Android, enabling users to place bets and manage their accounts on the go.
  • Execution Models: The broker primarily operates on a Market Making model, allowing for quick execution and competitive pricing.
  • Server Infrastructure: While specific server locations were not disclosed, Cashpoint utilizes advanced technology to ensure stability and reliability in its trading operations.
  • API Access: The broker supports API integration for automated trading, providing users with the tools to develop custom trading strategies.

  As a cashpoint broker, the emphasis on technology enhances user experience and operational efficiency.

  

5. Account Types and Trading Conditions

  Cashpoint offers various account types to cater to different trading needs, including:

  • Standard Accounts: Typically require a minimum deposit, with spreads and commission rates varying based on market conditions.
  • Premium Accounts: These may offer enhanced features for high-volume traders or those seeking additional benefits.
  • Special Accounts: Options such as Islamic accounts for clients adhering to Sharia law may be available.
  • Demo Accounts: Cashpoint provides demo accounts for new users to practice trading without risk.
  • Leverage Ratios: Leverage varies by product, with specific ratios applicable to forex and CFD trading.
  • Minimum Trade Size: The minimum trade size will depend on the specific asset class being traded.
  • Overnight Fees: Cashpoint applies overnight fees for positions held beyond the trading day, though specific rates were not disclosed.

  The variety of account types allows traders to choose the one that best fits their trading style and financial goals.

  

6. Fund Management

  Cashpoint supports a range of deposit methods, ensuring convenient funding options for users:

  • Deposit Methods: Options include bank transfers, credit cards, and e-wallets such as Skrill and Neteller.
  • Minimum Deposit Requirements: The minimum deposit varies by account type, with specific amounts not detailed in the sources.
  • Deposit Processing Times: Most deposits are processed instantly, allowing users to start trading immediately.
  • Deposit Fees: Information regarding deposit fees was not explicitly provided.
  • Withdrawal Methods and Limits: Withdrawals can be made through similar methods as deposits, with specific limits not disclosed.
  • Withdrawal Processing Times: Processing times for withdrawals typically range from 1 to 5 days, depending on the method used.
  • Withdrawal Fees Structure: The fee structure for withdrawals was not detailed in the available information.

  As a cashpoint broker, the firm aims to provide efficient fund management solutions to its clients.

  

7. Customer Support and Educational Resources

  Cashpoint offers various customer support channels to assist users:

  • Support Channels: Customers can reach support via email, with no phone or live chat options currently available.
  • Service Hours: Support availability may vary, but generally operates during standard business hours.
  • Language Support: The platform provides support in multiple languages, although specific languages were not listed.
  • Educational Resources: Cashpoint offers educational materials such as webinars, tutorials, and eBooks to help users enhance their trading knowledge.
  • Market Analysis Services: The broker provides daily market analysis, news, and research reports to keep clients informed.
  • Trading Tools: Tools such as calculators, calendars, and signal services may be available to assist traders in making informed decisions.

  The emphasis on education and support reflects Cashpoint's commitment to helping clients succeed in their trading endeavors.

  

8. Regional Coverage and Restrictions

  Cashpoint primarily serves markets in Europe, with a focus on central and northern European countries. The specific regions covered include:

  • Main Service Markets: Austria, Germany, and the UK are highlighted as key markets.
  • Regional Offices: The company has established offices in various locations to support its operations.
  • Restricted Countries: Cashpoint does not accept clients from certain jurisdictions, including the United States, although specific countries were not listed.
  • Special Restrictions: Any additional restrictions on services or promotions were not detailed in the available sources.

  As a cashpoint broker, the firm continues to expand its reach while adhering to regulatory guidelines in the regions it operates.

  In summary, Cashpoint has established itself as a significant player in the online betting industry, offering a variety of products and services tailored to meet the needs of its clients. With a strong regulatory framework and a commitment to customer support, Cashpoint remains a viable option for those interested in sports betting and forex trading.

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CashPoint Forex Broker has an overall rating of 1.57, Regulatory Index 0.00, License Index 0.00, Business Index 7.46, Software Index 4.00 Risk Control Index 0.00.