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Point Investment Group Review: Pointinvestmentgroup.com Dangerous Forex Scam Broker Explained.

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Point Investment Group Review: Pointinvestmentgroup.com Dangerous Forex Scam Broker Explained.

Point Investment Group (Pointinvestmentgroup.com) is a CFDs and Forex scam broker to hit the scene. PointInvestmentGroup is claiming that they can help investors discover their financial freedom. Claims such as having a variety of trading assets and 24/5 support, they have put on a show. Charley Chase is one investor who lost over $6000 after signing up with this broker. This review is meant to reveal tricks used by scammers.

Point Investment Group Review

Point Investment Group Review:

Point Investment Group is a fraudulent Forex broker that is swindling from unsuspecting Forex investors. Concrete evidence that we will show clearly reveals all what the scammers have been doing. Charley Chase lost a large sum in matter of hours. This should not be the case with real Forex brokers. What happened to Chase should not happen to any Forex investor. Read on to find out more on Pointinvestmentgroup.

We all want to make an extra buck to manage our day to day activities. With scammers, they know that everyone has this need to make money. That’s why they come up with the answers to make easy and quick money. All you have to do is sign up with them and they promise to do the rest. Can it really be that simple? No way, these are some of the known tricks online scammers use to trap victims.

Advantages of Autopilot trading robots

Here are the pros of using dependable and tested cryptocurrency trading robots. These robots offer much in terms of better positioning yourself.

  • A high success rate

With these robots, members should expect to get a high success rate than using manual traders or even crypto trading brokers.

Records indicate that the recommended cryptocurrency trading robots make over 85 percent in ROI.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club:    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

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And that means the robots will hit the set target with ease unlike humans who are prone to errors and performance issues.

  • Makes backtesting easier and faster

Traders get a chance to test these robots before using them during live trading sessions, demo accounts are available.

With the demo platform, you get to see the platform in action which ensures traders know the best parameters to use.

Find out what to consider when testing AUTO trading robots

These are some of the best features to look for when looking for reliable cryptocurrency trading robots and take advantage of the volatile crypto market

  • Is it easy to use the robot?

Ease of use should be the first consideration when choosing a reliable automated trading robots. You want a robot you understand.

And this ensures the traders have a better chance of enforcing their strategies and increase the overall performance.

  • Is the robot transparent?

Transparency also plays an integral part in deciding the best robot to go for. You must choose a transparent robot that gives accurate data.

Please check and confirm if the data provided by the robot is accurate and matches the market’s values.

  • Best in class

These recommended robots are best in class and offer investors the best way of investing in crypto and volatile markets.

The robots have been tested and proven to offer the best in terms of accuracy and overall efficiency in terms of crypto trading.

Who Owns Point Investment Group?

Disclaimer at the footer of the homepage clearly shows that this broker is owned by Mountain High LTD. In their own words, they claim that they are located in Majuro, Marshall Islands. What these reveals is that we are dealing with an offshore broker. Offshore brokers are notoriously known for flaunting set regulations and rules. Folks, this is the first red flag that we spotted with Point Investment Group.

Another disturbing detail regarding ownership is failure to disclose names. Who is the CEO or CFO of Mountain High LTD? Why have they failed to mention the real names of the people behind PointInvestmentGroup? These scammers have skipped name calling for one specific reason. They want to remain as anonymous as they possibly can. These scammers don’t want any backlash from victims and law authorities.

Is Point Investment Group Licensed or Regulated?

Point Investment Group Scam

This is one major red flag that we noted with Point Investment Group. This broker has not been licensed or regulated by any regulatory body that we know of. They have put up a fake registry claim on their disclaimer page as MH96960. This is purely fictional and they do this to try and make the platform appear legit. If they did have registry details, where are they? A legit broker published or posts registration documents for all to see.

What this means is that this broker has not been licensed to carry out any Forex transactions. Point Investment Group is not sanctioned to transact any Forex business on behalf of any third-party. What this broker is doing is contrary to the laws and they face dire consequences. Best thing to do is stay clear from this broker and stay clear. Signing up with PointInvestmentGroup only leads to more misery.

Account Types.

Point Investment Group offers users with six different accounts to choose from. These accounts are Mini, Bronze, Silver, Gold, VIP, and Premium. Mini account holders are required to make a minimum deposit of between $500 to $4999. This is way too high considering the required acceptable standard of $250. Bronze account holders must deposit $5000 to $24999 to start trading.

Silver account holders must deposit $25,000 to $99,999 to start trading. Gold account holders must deposit $100,000 to 249,999 to start trading. VIP account holders must make a deposit of $250,000 to $499,999 to start trading. Premium account holders must make a deposit of $500,000 to start trading. What this broker has done is promise users who sign up from Bronze account a guarantee profit. This is simply never going to happen.

Deposit and Withdrawal.

When it comes to depositing money with PointInvestmentGroup, they have this area well covered. Users can deposit money using various depository channels on offer. They include Qiwi Wallet, Yandex, Visa, MasterCard, and Web Money. This is not a reason to sign up with this scam broker. There’s a reason why they have made all these channels available for users to make deposits.

Problem with Point Investment Group is the fact that they refuse withdrawals. Charley would have easily saved a ton of money would she had the chance to withdraw money. This broker gives excuses as to why users cannot withdraw money with them. One reason that Charley was given was in regards to trading volume. This broker claimed that Charley didn’t reach the trading volume required to warrant withdrawal.

Are Funds Safe with Point Investment Group?

Point Investment Group Fake Review

Always know that funds are never safe with an offshore broker. Funds are also not safe with an unlicensed and unregulated broker. With this broker, we noticed a lot of red flags when it came to safety of funds. First of all, they fail to disclose their depository bank. Where are they depositing money from users? Why have they failed to disclose this information? This is a professional scam outfit that’s working tirelessly to swindle users.

Another problem with this broker is that users maybe depositing money straight to owner’s personal bank account. There’s no way of proving that that’s not the case with this broker. There’s no segregation of accounts which means they are pooling funds in one account. This is a dangerous practice in case of bankruptcy or insolvency. They are also not participating in a compensatory scheme.

No Live Chat Support.

Have you noticed that with this broker, there’s no contact page or information? How do they expect users to contact them in case of any queries? This is another valid indicator that we are dealing with a scam outfit. With this day and age, one would expect a live chat support team with every broker. It means that every broker should at least have a bot service to answer a few easy questions.

This is reason enough not to open an account with this broker. They expect users to send them emails and not have a live chat. What we did was send an email asking them about spreads they offer. Till now, we have not received any response from this broker. What this means is that we are dealing with a Forex scam broker who wants to remain anonymous. This is a practice that must surely stop.

Is Point Investment Group a Scam?

Point Investment Group is indeed a scam that should be investigated by authorities. Make sure to mark all their emails as Spam and never click on any links. Doing this will save yourself a ton of trouble with this broker.

Point Investment Group Final Verdict.

Point Investment Group Scam Review

Only option we have is to add this broker to our scam list. Adding this broker to our blacklist will help users stay away from signing up and losing money.

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