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CityPoint China -

Score

1.57 /10
Danger

CityPoint China

China

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm United Kingdom

High potential risk

http://www.citypointchina.com

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Score

Regulatory Index0.00

Business Index7.45

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

CityPoint China Ltd

Company Abbreviation

CityPoint China

Platform registered country and region

China

Company website

Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-12-22
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Survey

Danger

CityPoint China

United Kingdom

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User comment

1

Comments

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FX1597187451
more than one year
I've been using CityPoint China for over two years now. The spreads are quite competitive, which works in favor of traders. However, there have been occasional server issues with the MT4 platform, leading me to discontinue its use. The cryptocurrency market used to experience slippage every few minutes, but there has been some improvement lately.
I've been using CityPoint China for over two years now. The spreads are quite competitive, which works in favor of traders. However, there have been occasional server issues with the MT4 platform, leading me to discontinue its use. The cryptocurrency market used to experience slippage every few minutes, but there has been some improvement lately.
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2024-01-11 21:03
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