Point

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

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.

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.

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.

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.