FXPOINT

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.

FXPOINT Fees

The spread of EUR/USD delivered by online traders on FXPOINT is 0.2 pips.

Trading Platform

FXPOINT chose Webtrader as its trading paltform.

Trading Platform	Supported	Available Devices	Suitable for
Webtrader	✔	Windows, MAC, IOS, Android	Investors of all experience levels

Deposit and Withdrawal

FXPOINT's financing methods are wire transfer, iDeal and Cashier. Minimum initial deposit requirements are up to $3,000.

Currency Pair Broker Dealer Forex trading Forex Broker Forex Currency pair forex pips forex market WebTrader

Related broker

No Regulation

FXPOINT

Company name：Grey Matter Enterprise Ltd

Score

1.46

Website：https://www.fxpoint.co/index.html

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.46

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