FXPOINT

FXPOINT Information

FXPOINT is the trading name of Grey Matter Enterprise Ltd, purported to be a forex broker registered in Saint Vincent and the Grenadines, which claims to offer clients a 0.2 point floating spread on the Webtrader platform through five different live account types.

Pros and Cons

Is FXPOINT Legit?

FXPOINTis not regulated by any financial institutions.

What Can I Trade on FXPOINT?

FXPOINT offers traders the opportunity to trade forex currency pairs.

Account Types

FXPOINT claims to offer five types of trading accounts - Explorer, Basic, Silver, gold, and Platinum - with minimum initial deposit requirements of $30,00, $10,000, $50,000, $100,000, and $250,000, respectively. In contrast, licensed brokers allow initial accounts with a minimum deposit of $100 or less.

FXPOINT Fees

The spread of EUR/USD delivered by online traders on FXPOINT is 0.2 pips.

Trading Platform

FXPOINT chose Webtrader as its trading paltform.

Deposit and Withdrawal

FXPOINT's financing methods are wire transfer, iDeal and Cashier. Minimum initial deposit requirements are up to $3,000.