Point trader group foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.pointfxltd.com/open-real-account/, about the company's legal and temporary regulatory information, the company's address The Catalyst, 40 Silicon Avenue. Suite 201, 2nd Floor, Ebene Cybercity, 72201. Mauritius..
Point trader group Forex Broker
Basic information
Mauritius
5-10 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
Point Information
Point is a brokerthat offers access to tradable instruments including forex, indices, energies, CFD, US equities, agriculture, precious metals, and cryptocurrencies. The broker also provides three accounts with a maximum leverage of 1:400. The minimum spread is 0.1 pips, and the minimum deposit is $100. Point is still risky due to its revoked status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | Revoked |
| 24/5 customer support | Island account unavailable |
| MT5 available | |
| Spread from 0.1 pips | |
| Demo account available | |
| Various tradable instruments | |
| Commission free |
Is Point Legit?
Point is regulated by ASIC with license number 636322864, but the current status is 'revoked'.
What Can I Trade on Point?
Point offers a wide range of market instruments, including forex, indices, energies, CFD, US equities, agriculture, precious metals, and crypto currencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| CFD | ✔ |
| US Equities | ✔ |
| Agriculture | ✔ |
| Precious Metals | ✔ |
| Crypto Currencies | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Point has three account types: standard, premium, and elite. Traders who want low spreads can choose an elite account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Standard | Premium | Elite |
| Minimum Deposit | 500 | 20000 | 50000 |
| Deposit Fee | 0 | 0 | 0 |
| Leverage | 1:100 | 1:100 | 1:100 |
| Spreads | 1 pips | 0.7 pips | 0.3 pips |
| Swaps | No | No | No |
| Commissions | No | No | No |
| Minimum Trade Volume | 0.01 | 0.1 | 0.1 |
| Islamic Account | Yes | Yes | Yes |
| Margin Call | 75% | 75% | 75% |
| Stop Out | 20% | 20% | 20% |
| Hedging | Yes | Yes | Yes |
| Scalping | No | No | No |
| Maximum Volume in Lots per Trade | 5 | 10 | 20 |
Point Fees
The spread is from 0.1 pips, the commission is 0, and swap-free. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
Trading Platform
Point cooperates with the authoritative MT5 trading platform available on iPad, iPhone, Android, and desktop to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iPad/iPhone/Android/desktop | Experienced traders |
Deposit and Withdrawal
The minimum deposit is $100 and withdraws are free. Point accepts Visa, Perfect Money, USDT, PayPal, Mastercard, and WebMoney for deposit and withdrawal.
Rating Index
Elite
Premium
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Latest Reviews
FX3203810211
Colombia
These people passed by me and they just wanted to steal my money. Everything was lost. Please help me to solve it because I have no money.It is 202,437 pesos. All operations are fake.
Exposure
2021-12-01
FX1305418002
Australia
The trading conditions of the company Point Trader Group seem to be pretty good. I am going to open a demo account to try it out. After all, opening a demo account won't make me lose money.
Positive
2023-03-02