Score
Point
United Kingdom|5-10 years| https://www.pointfxltd.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
France 2.51Contact
Licenses
Licensed Institution：POINT TRADER PTY LTD
License No.：636322864
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
United KingdomAccount Information
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Website
pointfxltd.com
Server Location
United States
Website Domain Name
pointfxltd.com
Server IP
172.67.131.253
Company Summary
| PointReview Summary | |
| Founded | 2019-03-04 |
| Registered Country/Region | United Kingdom |
| Regulation | Revoked |
| Market Instruments | Forex/Indices/Energies/CFD/US equities/Agriculture/Precious metals/Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 0.1 pips |
| Trading Platform | MT5(iPad/iPhone/Android/desktop) |
| Min Deposit | $100 |
| Customer Support | Head office number: +44 20 8133 8339 |
| Office number: +20 22 8135 691 | |
| Email: info@pointfxltd.com | |
| Email: support@pointfxltd.com | |
| Facebook/Twitter/Instagram/TikTok/YouTube/Telegram/Skype | |
| Live chat | |
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Common Business Registration Revoked
- Suspicious Overrun
- High potential risk
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