FXPOINT Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-11 17:37

Abstract：FXPOINT is the trading name of Grey Matter Enterprise Ltd, purported to be a forex broker registered in Saint Vincent and the Grenadines, which claims to offer clients a 0.2 point floating spread on the Webtrader platform through five different live account types.

FXPOINT Review Summary
Founded	2-5 years
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex currency pairs
Demo Account	N/A
Leverage	N/A
Spread	0.2 pips
Trading Platform	Webtrader
Min Deposit	$3000
Customer Support	Email: support@marketstrade.co.ukTelephone number：14388068855

FXPOINT Information

　　FXPOINT is the trading name of Grey Matter Enterprise Ltd, purported to be a forex broker registered in Saint Vincent and the Grenadines, which claims to offer clients a 0.2 point floating spread on the Webtrader platform through five different live account types.

Pros and Cons

Pros	Cons
5 account types to choose from	Lack of Regulatory Oversight
	Website inaccessible
	Extremely high minimum deposit ($3,000)

Is FXPOINT Legit?

　　FXPOINTis not regulated by any financial institutions.

What Can I Trade on FXPOINT?

　　FXPOINT offers traders the opportunity to trade forex currency pairs.

Tradable Instruments	Supported
Forex currency pair	✔
Stocks	❌
Currencies	❌
Crypto currencies	❌
Indices	❌
Bonds	❌
Futures	❌

Account Types

　　FXPOINT claims to offer five types of trading accounts - Explorer, Basic, Silver, gold, and Platinum - with minimum initial deposit requirements of $30,00, $10,000, $50,000, $100,000, and $250,000, respectively. In contrast, licensed brokers allow initial accounts with a minimum deposit of $100 or less.