Point Trading Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-12-29 13:45

Abstract：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.

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.

　　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.

　　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.

　　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