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Point Trading Markets -

Score

1.33 /10
Danger

Point Trading Markets

Ukraine

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://ptmfx.com/point/en/index.php

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Score

Regulatory Index0.00

Business Index5.61

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Point Trading Markets · Company summary
Basic Information
Registered Countries Saint Vincent and the Grenadines
Regulation No License
Minimum Deposit N/A
Maximum Leverage N/A
Minimum Spread N/A
Trading Platform Proprietary trading platform
Demo Account Available
Trading Assets Forex, Metals, CFD, Cryptocurrency
Payment Methods N/A
Customer Support 5/24, Email Support

General Information

Registered in Ukraine, Point Trading Markets seems to be a forex broker that was not established long, with an operation time of less than one year.

However, when it comes to regulatory information, Point Trading Markets disappoints us as it is not authorized or regulated by any regulatory authority. WikiFX has given it an extremely low score of 1.03/10.

wikifx

Market Instruments

With Point Trading Markets, Clients are given the access to a total of four trading assets covering Forex Pairs, Metals, CFD Products and Cryptocurrency.

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Account Types

Although Point Trading Markets says it provides multiple types of trading accounts, including Ultra-tight floating spreads, Flexible leverage, flexible trade sizes. However, we did not find any detailed account description.

Demo Accounts Available

On the Point Trading Markets platform, demo accounts are available, enabling clients to test the trading platform and practice their trading strategies on this platform.

Leverage

Point Trading Markets only says that it provides flexible trading leverage, but it does not specify detailed leverage ratio.

Trading Platform

Point Trading Markets fails to provides the MT4 or MT5 trading platform, a proprietary platform which is available on Web Terminal, Desktop, IOS and Android.

trading-platform

Customer Support

Disappointingly, clients can only get in touch with this broker through an email address: cs@ptmfx.com.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Demo Account Available No regulation
Wide range of trading assets Lack of essential information, account description, minimum deposits, spreads, leverage
No MT4 or MT5 trading platform
Poor customer support

Frequently Asked Questions

Is Point Trading Markets Regulated？

No, it has been verified that Point Trading Markets is not regulated anyway, and it received a very low score of 1.03/10 on the WikiFX website.

Does Point Trading Markets offer leverage？

Yes, Point Trading Markets offers flexible leverage, with detailed leverage ratio not specified.

What spreads can I expect on the Point Trading Markets platform？

Spreads are not disclosed on the Point Trading Markets platform.

User Reviews

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User comment

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追梦人96262
more than one year
An unregulated company that works with account managers who are heartless and will do anything to make sure you lose funds. I am in the middle of my recovery and hope it works out.
An unregulated company that works with account managers who are heartless and will do anything to make sure you lose funds. I am in the middle of my recovery and hope it works out.
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2023-02-21 17:35
1
0
0
HIDE
more than one year
I have been trading with this broker for the last 3 months. During this period, I never faced any withdrawal-related issues rather and their withdrawal service is fast!
I have been trading with this broker for the last 3 months. During this period, I never faced any withdrawal-related issues rather and their withdrawal service is fast!
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2022-12-16 16:16
2
0
0