Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is Point Trading Markets？
Point Trading Markets is a global brokerage firm based in Ukraine. It provides traders with access to market instruments including Forex, Metals, CFD, Cryptocurrency. However, it is important to note Point Trading Markets is currently not regulated by any recognized financial authorities which may raise concerns when trading.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Point Trading Markets Alternative Brokers
There are many alternative brokers to Point Trading Markets depending on the specific needs and preferences of the trader. Some popular options include:
Global Prime- Global Prime offers high leverage and competitive spreads. Global Prime is also regulated by ASIC, FCA, and CySEC.
Grand Capital- Grand Capital provides a diverse range of trading instruments, flexible account options, and educational resources, making it a suitable choice for traders of all experience levels.
TigerWit- TigerWit offers a unique social trading platform that allows traders to follow and copy the trades of experienced traders, making it an excellent option for those looking for a simplified approach to trading.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is Point Trading Markets Safe or Scam？
When considering the safety of a brokerage like Point Trading Markets or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: It is not regulated by any major financial authorities, which means that there is no guarantee that it is a safe platform to trade with.
User feedback: A report of unable to withdraw on WikiFX should be taken into consideration as potential red flags. It is recommended to conduct thorough research and due diligence before engaging with any broker or investment platform.
Security measures: Point Trading Markets, as per their webpage, does not provide specific details about their security measures, indicating that users interested in obtaining comprehensive information regarding their security protocols and safeguards should directly consult the broker for further clarification and to address any specific concerns or inquiries they may have.
Ultimately, the decision of whether or not to trade with Point Trading Markets is a personal one. You should weigh the risks and benefits carefully before making a decision.
Market Instruments
Point offers a comprehensive selection of market instruments to cater to the diverse trading preferences of its clients. Traders using their platform can access a wide range of financial markets, including Forex, Metals, CFDs, and Cryptocurrency.
Forex trading enables traders to participate in the global foreign exchange market. By trading currency pairs, such as EUR/USD, GBP/JPY, or AUD/CAD, traders can capitalize on the fluctuations in exchange rates and potentially generate profits based on their market analysis and trading strategies.
The Metals market provides traders with opportunities to trade precious metals such as gold, silver, platinum, and palladium. These assets offer a means of diversification and a hedge against market volatility. Traders can take advantage of price movements in the metals market and potentially benefit from their safe-haven status or industrial demand.
With CFDs, Point Trading Markets allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. CFDs cover a broad spectrum of assets, including stocks, indices, commodities, and more. This versatile market instrument provides traders with exposure to different markets and the opportunity to profit from both rising and falling markets.
Furthermore, Point Trading Markets recognizes the growing popularity and potential of the Cryptocurrency market. Through their platform, traders can engage in trading digital currencies such as Bitcoin, Ethereum, Litecoin, and others. Cryptocurrency trading offers unique opportunities for traders seeking exposure to the fast-paced and dynamic world of virtual currencies.
Accounts
Point Trading Markets claims to provide four account types; however, specific details regarding each account type, including minimum deposit requirements and trading conditions, are not readily disclosed on their website. To obtain accurate and detailed information about the various account types offered by Point Trading Markets, including their specific features, benefits, and trading conditions, interested individuals are advised to directly contact the broker's customer support or consult with a representative from Point Trading Markets. By reaching out to the broker, potential clients can gather the necessary information to make informed decisions about selecting an account type that aligns with their trading preferences, risk tolerance, and investment goals.
Trading Platforms
Point Trading Markets appears to primarily offer a web-based trading platform to cater to the needs of its clients. While the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are not available on Point Trading Markets, their web-based trading platform provides a user-friendly and accessible interface for traders. This platform allows clients to access the financial markets directly from their web browsers, eliminating the need for software downloads or installations. With Point Trading Markets' web-based trading platform, traders can execute trades, monitor market prices, access real-time charts, and manage their portfolios conveniently.
User Exposure on WikiFX
On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Point Trading Markets only provides email as customer support. This means that you can only contact the broker by sending an email to their support address. There is no phone number or live chat option available.
Some traders may find this to be a limitation, as it can be difficult to get a quick response by email. However, Point Trading Markets does state on their website that they aim to offer 24/5 support.
Email: support@pntfxm.com.
Education
Point Trading Markets provides essential corporate marketing materials which cover all aspects of a company's products and services, company history, STP-ECN platform specifications, liquidity pools, traded instruments and company advantages.
Conclusion
According to available information, Point Trading Markets is a non-regulated Ukraine -based brokerage firm. While the firm offers a range of market instruments such as Forex, Metals, CFD, Cryptocurrency, it is important to consider certain factors such as lack of regulations that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Point Trading Markets before making any investment decisions.
Frequently Asked Questions (FAQs)
2023-03-28 15:15
