Point Overview
Point Is A Broker That Offers A Diverse Range Of Financial Instruments, Allowing Traders Access To Markets Including Forex, Indices, Energy, Contracts For Difference (CFDs), US Stocks, Agricultural Commodities, Precious Metals And Cryptocurrencies. Although Point Was Originally Regulated By The Australian Securities And Investment Commission (ASIC) And The Mauritius Financial Services Commission (MFSC), Its Current Regulatory Status Is "revoked", Meaning Traders Need To Consider Its Use With Particular Care. The Broker Also Offers Three Account Types: Standard, Premium, And Elite, And Offers Demo Accounts For Traders To Test Strategies.
Regulatory Status
Point Although Initially Approved By The Following Regulators:
ASIC, License Number: 636322864 (current Status: Revoked)
MFSC, Regulatory Number: GB23202055 (current Status: Revoked)
However, Since Its Regulatory Status Has Been Revoked, Traders Need To Have Reservations About The Safety Of Their Funds And Trading Environment When Choosing Point.
Trading Tools
Point Offers A Wide Range Of Trading Tools As Follows:
Forex (Forex): Trade Major And Minor Global Currency Pairs Such As EUR/USD, GBP/USD, Etc.
Indices (Indices): Such As Dow Jones, S & P 500, FTSE 100, German DAX, Etc.
Energy (Energy): Trade Crude Oil (WTI And Brent), Etc.
Contracts For Difference (CFDs): Cover Stocks, Commodities, Indices, Etc.
US Equities: Trade Stocks Of Well-known Companies Such As Apple, Amazon, Google, Etc.
Agricultural Commodities: Such As Wheat, Corn, Soybeans, Etc.
Precious Metals: Gold, Silver, Etc.
Cryptocurrencies: Trade Digital Currencies Such As Bitcoin And Ethereum.
Account Types
Point Offers Three Account Types To Meet The Needs Of Different Traders:
Standard Account
Minimum Deposit: 500 Dollars
Leverage: 1:100
Spread: From 1 Pip
Features: Commission-free, Islamic Account Support, Suitable For Beginners And Small Traders.
Premium Account
Minimum Deposit: $20,000
Leverage: 1:100
Spread: From 0.7 Pips
Features: Commission Free, Islamic Account Support, Suitable For Medium-sized Traders.
Elite Account
Minimum Deposit: $50,000
Leverage: 1:100
Spread: From 0.3 Pips
Features: Commission Free, Islamic Account Support, Suitable For High Net Worth And Professional Traders.
Spreads Vs. Commissions
The Spread Structure Of Points Varies By Account Type:
Standard Account: Spreads Start From 1 Pip.
Premium Account: Spreads Start From 0.7 Pips.
Elite Account: Spreads Start From 0.3 Pips.
All Account Types Are Free Of Commissions, And Profit Only From Spreads.
Trading Platform
Point Mainly Uses MetaTrader 5 (MT5) As Its Trading Platform And Supports Multiple Devices And Operating Systems:
Desktop: Available For Windows And MacOS Systems.
Mobile End: Supports IOS And Android Devices.
Web Version: No Download Required, Accessed Directly Through The Browser.
Features Of MT5 Include:
Advanced Charting Tools: More Than 50 Chart Types.
Technical Indicators: More Than 50 Built-in Indicators With Support For Customization.
Automated Trading: Strategy Automation Through Expert Advisors.
Social Trading Features: Allows Traders To Copy The Actions Of Other Traders.
Customer Support
Point Provides Multi-channel Customer Support To Ensure That Traders Can Get Timely Help When They Encounter Problems:
Tel:
Headquarters Tel: + 44 20 8133 8339
Office Tel: + 20 22 8135 691
Email:
Info@pointfxltd.com
Support@pointfxltd.com
Social Platforms: Stay Connected Via Facebook, Twitter, Instagram, TikTok, YouTube, Telegram And Skype.
Live Chat: Live Online Support To Answer Questions.
Deposits & Withdrawals
Point Offers A Variety Of Payment Methods To Ensure That Traders Can Easily Manage Their Funds:
Deposit Methods: Visa, Perfect Money, USDT, PayPal, Mastercard, WebMoney.
Withdrawals: Free And Supports The Same Payment Methods As Deposits.
Minimum Deposit: 100 Dollars
SUMMARY
Point Attracts Traders With Its Wide Selection Of Products, Commission-free Trading And Flexible Trading Conditions, Especially Its Low Spread Strategy. However, The Withdrawal Of Its Regulatory Status And High Minimum Deposit Requirements May Limit Its Attractiveness. Traders Should Consider Its Regulatory Risks And Evaluate Their Own Trading Needs Before Choosing Point. For Traders Seeking Low-risk And Regulated Environments, Looking For Other Regulated Brokers Would Be A Better Option.
For More Details, You Can Contact Point's Customer Support Team.
