Point Investment Group 2023 Review Update: With a warning from regulators, the website finally went down with members failing to withdraw funds.

Get the best out of online brokers by dealing with suitable and transparent brokers the industry has to offer.

Advantages of using tested brokers

Here are the benefits accrued by investors who go for tested and verified brokers with valid licenses;

• Financial security assessment

Brokers have the foresight to assess the financial markets and offer the best way forward when it comes to such services.

You don’t have to do all the heavy lifting as these brokers will offer insightful trading signals to help you take advantage of the markets.

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One of the greatest aspects of trading with these robots is connectivity. You want a robot that easily automates trades.

The listed robots are automatic and trade steadily without any pitfalls. You certainly don’t want a robot that shits the bed during live trading sessions

• Claims Management

With a licensed broker by your side, you get the benefit of claims management something you wouldn’t get in other unconventional means of investing.

The funds you invest with these brokers get insured and thus, you can get your funds back in case of bankruptcy or insolvency.

Scammed by Point Investment Group?

For those who were scammed, there’s a high chance of recovering your stolen funds with the help of professionals.

A Brief Outlook of Point Investment Group

Point Investment Group is a peculiar trading brokerage that does not disclose important details like trading conditions and leverage offered on their platform. The initial investment that this broker has put in place is high such that testing their platform would force traders to risk at least $500.

Point Investment Group offers binary options and CFD trading instruments. These include currencies, stocks and commodities. Point Investment Group is based out in Bulgaria.

Point Investment Group is now targeting residents living in the European countries. Lately, they are also soliciting Spanish residents to join their platform. However, CNMV warned that this broker does not have any authorization to solicit clients from this jurisdiction as the broker is not regulated.

This broker is generally operating in a suspicious manner, and we would never be comfortable dealing with them in any shape or form.

Let’s see why you should probably avoid this brokerage at all cost.

Point Investment Group Review

In general, this brokerage offers 6 different account times. Mini, Bronze and Silver costs $500, $5,000 and $25,000 respectively. You are required to fund your trading account with these amounts of money.

And then there are 3 other ”premium account types” offered by this brokerage. These premium account types require a minimum of $100,000 to get started with.

Now, we have also noticed that Point Investment Group is not offering demo trading. In that sense, it would be impossible to test the services of this broker especially their trading conditions since no trader can ever access their platform without first making a deposit in the stated minimum amount.

We also mentioned earlier that this brokerage was withholding important information from traders. These include trading conditions and spreads.

Instead of disclosing this information and also letting traders access a demo so that the trading conditions can be verified, the description of some of the account types include promises such as ”up to 20% monthly profitability”.

Now, these promises immediately sound unrealistic. We need to treat them as red flags because there is no way one can promise 20% monthly profitability in trading. You see, the profit which you make from any kind of trading is dependent on many factors. Your broker does not determine the profit that you can make given that their trading conditions are fair. Instead, your skill as a trader determines what you will make in any given month.

We have already seen that Point Investment Group is offering many different kinds of investment instruments. These include bonds, ETFs, indices, commodities, and even Cryptocurrencies.

However, we must warn you that if you want to trade Bitcoin or any other Cryptocurrency of your choice, you must use a tightly regulated broker. This one is not regulated in their country of operation and would therefore be risky dealing with.

In terms of leverage levels, we think that the maximum which they are offering (1:200) is something that will satisfy the needs of most traders. This is not a problem anymore. The problem is of course more serious than this.

Point Investment Group isn’t regulated and operates more like a scam

The broker’s website states that their website is operated by an entity called BALI LIMITED LTD. This company is apparently situated in Bulgaria. When we investigate the background of this company, we don’t find any reference to a Forex regulation license or anything.

When we went further into the matter, we discovered that the same company was associated with another Forex broker called GBO Capital. GBO Capital is just a pure fraud. They are highly controversial as many people say this brokerage scammed them. There must be some truth to these claims since GBO Capital has never came out in the light to defend themselves against those accusations. So we know that these accusations are definitely the truth.

Also, we noticed that GBO capital was offering the same exact account types as well as trading platform. This further proves that the two entities are definitely operated by one person. Already we have seen that GBO capital has a bad reputation. On the other hand, Point Investment Group is no different as their actions has even attracted the attention of regulators who have gone ahead to issue a warning against them.

Inside the trading platform

At this point in time, we know why Point Investment Group is not actually offering a demo account. We have discovered that they are offering a strange web-based trading platform which does not support the old meta trader software. We do not know why this is so. However, it looks rather strange and no one is giving us answers.

The reason why this brokerage is operating a strange web-based trading platform is that the ask prices are even lower than bid prices. This is weird. Someone needs to explain what is happening here so we may understand what this broker is offering.

For that reason, we are advising you to choose a reliable and regulated MT4 brokerage platform rather than choosing to trade with a fraud like Point Investment Group. The reason why the MT4 is still a favorite to many traders is because it has a splendid charting solution, indicators, as well as support for a wide range of expert advisors.

Initial deposit is pretty high

Point Investment Group is rather a weird broker because they are telling traders to open a mini account with a whooping $500. We have seen that this trading account isn’t obviously working. Before we forget, we must also reinforce that this broker is operating without a license. So it isn’t worth spending money on any account which this broker claims to offer.

In other words, Point Investment Group wants you to make a deposit so they can steal it. There is no possibly of ever getting your money if you commit such a terrible mistake. Take that to the bank.

Our best advice for you

Point Investment Group is potentially the worst scam in the Forex brokerage industry. Its presentation is rather poor. It does not even provide information about their mother company and the people who are behind it. This is a scam.