Point trader group Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-23 17:53

Abstract：Point is a broker that 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.

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.