FXPoint Broker Review

FXPoint Broker Review – Beware of FXPoint.com Trading Scam

As an offshore and unregulated broker, FXPoint itself attracts attention. Some scams have been reported against its owner throughout Europe.

This is why we have decided to expose this scheme and explain why you should avoid trading with FXPoint or any other brand of the same company. Firstly, we invite you to read our recently updated reviews of InstaForex and FMarketX. There is a risk to your funds with them!

1. Status of the broker: offshore broker
2. Regulated by: None (Unlicensed Brokerage)
3. Scammers’ websites: fxpoint.com and fxpoint.co
4. Forex Trading Scam: Active
5. Scam listed by: BaFin, KNF, CNMV, FSMA
6. Owner of the broker: Grey Matter Enterprise Ltd.
7. Country of headquarters: Saint Vincent and the Grenadines
8. Year of foundation: 2020
9. Trading platforms: WebTrader
10. Trading on mobile devices: Yes
11. Deposit minimum: $3,000
12. Assets involving cryptography: Available
13. We offer Forex (FX), commodities, stocks, indices, cryptocurrencies, and futures.
14. Leverage maximum: N/A
15. No Islamic Accounts are available
16. Demo Account: Not available
17. US traders are not accepted: US traders are not accepted.
18. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

FXPoint Regulation and Licensing – Is the Broker Legit?

FXPoint, as mentioned, is an offshore broker based in Saint Vincent and the Grenadines. Grey Matter Enterprise Ltd. is the real problem, not the brand itself. For conducting scams, the company has been blocklisted four times by different EU regulators.

SolidInvest, one of their brands, was included on the list of fraudulent companies.

Questions about the FXPoint License – Reputation Problems

Having said all that, it’s clear whether FXPoint is regulated or not. We checked a few Tier 1 registers just in case since Saint Vincent and the Grenadines don’t have a regulator.

There is no regulation of FXPoint, indicating that we are dealing with a fraudster you should avoid.

Scam Warnings Against FXPoint

In addition to being blocklisted four times, Gray Matter Enterprise Ltd is the owner of FXPoint. The German BaFin was the first to issue a warning, followed by the Polish KNF, the Belgian FSMA, and the Spanish CNMV.

Moreover, the broker has been accused of using Tesler, a false advertisement claiming to be able to make $13,000 overnight with a $250 investment. The ad and the company’s owner were banned in several countries, including Spain and the United Kingdom.

Scammed By FXPoint Broker? – Talk To Our Experts Today!

We want to hear from you if FXPoint has scammed you. At Global Fraud Protection, we specialize in helping clients get their money back from scam brokerages. Your deposit could be charged back up to 540 days from the date of the fraudulent transaction if you made it with a debit or credit card. If you need assistance resolving the dispute, we will gladly assist you.

Online chat is the best way to contact our staff and schedule a free consultation. The evidence you require will be collected, and a suitable solution will be found for your case.