Heard of mediapoint.club trading platform? Really want to find more details before choosing the broker? You can carefully read the Media Point reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Media Point FX?
Media Point FX otherwise known as mediapoint.club is an offshore brokerage with a lot of promises for forex traders. The forex company claims a registered address in London.
At the foot of the website, the broker claims to be authorized and regulated by FCA (Financial Conduct Authority).
Media Point offers different account type such as —
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Is Mediapoint.club Broker a Scam?
First of, Media Point claims its registered address to be in London, the UK. Every broker based there must be licensed by the local Financial Conduct Authority (FCA). In order to verify your new broker’s credibility you just have to visit the website of FCA and search its registers.
There is no legal documentation nor company name on the whole website we are dealing with. This renders Media Point even more shady and even anonymous.
More so, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Media Point FX Minimum Deposit
Media Point deposit is specified $250 according the account type according to the account type.
In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, we found the broker accepts crypto payments only – with Bitcoin to be precise.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Media Point Trading Platform And Withdrawal process
Media Point withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
As for Media Point trading platform, the broker offers a web based software and claims to be “the best CFD trading platform”. When we tried installing the software, we were informed that the installation file the broker was not safe since it might contain viruses.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Media Point leverage is not specified. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Media Point FX Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Mediapoint.club is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Media Point located at Mediapoint.club appears like a safe and trusted forex broker, howbeit, you should not take the words they say. It is a non-regulated cryptocurrency broker offering financial services to clients. From all indications, we advise traders to steer clear from the unlicensed broker as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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