Point trader group Forex Broker

PointReview SummaryFounded2019-03-04Registered Country/RegionUnited KingdomRegulationRevokedMarket InstrumentsForex/Indices/Energies/CFD/US equities/Agriculture/Precious metals/CryptocurrenciesDemo Account✅LeverageUp to 1:400SpreadFrom 0.1 pipsTrading PlatformMT5(iPad/iPhone/Android/desktop)Min Deposit$100Customer SupportHead office number: +44 20 8133 8339Office number: +20 22 8135 691Email: info@pointfxltd.comEmail: support@pointfxltd.comFacebook/Twitter/Instagram/TikTok/YouTube/Telegram/SkypeLive chatPoint 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 ConsPros Cons Leverage up to 1:400Revoked24/5 customer supportIsland account unavailableMT5 availableSpread from 0.1 pipsDemo account availableVarious tradable instrumentsCommission freeIs 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 StandardPremiumEliteMinimum Deposit5002000050000Deposit Fee000Leverage1:1001:1001:100Spreads1 pips0.7 pips0.3 pipsSwapsNoNoNoCommissionsNoNoNoMinimum Trade Volume0.010.10.1Islamic AccountYesYesYesMargin Call75%75%75%Stop Out20%20%20%HedgingYesYesYesScalpingNoNoNoMaximum Volume in Lots per Trade51020Point 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 PlatformSupported Available Devices Suitable for MT5✔iPad/iPhone/Android/desktopExperienced tradersDeposit 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.