General Information & Regulation
PINPOINT GLOBAL MARKETS is allegedly a forex broker established in 2014 in Geneva-Switzerland and regulated with its headquarters in Switzerland. The broker claims to provide its clients with a variety of tradable assets with leverage up to 1:400 and variable spreads from 5 pips with a choice of four different real account types through the PinPoints MetaTrader5 trading platform. Here is the home page of this brokers official site:
As for regulation, it has been verified that PINPOINT GLOBAL MARKETS does not fall under any valid regulations. Its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.09/10. Please be aware of the risk.
Market Instruments
PINPOINT GLOBAL MARKETS advertises that it offers access to leveraged trading in forex currency pairs, commodities, stocks, indices and cryptocurrencies.
Account Types
Apart from demo accounts, PINPOINT GLOBAL MARKETS claims to offer four types of real trading accounts, namely Standard, Gold, VIP and Platinum. However, there is no information about the minimum initial deposit to open an account specified.
Leverage
A leverage ratio of up to 1:400 is offered by PINPOINT GLOBAL MARKETS, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
On the home page of PINPOINT GLOBAL MARKETS website, the broker claims to offer spreads from 5 pips. To be more specific, different currency pairs have quite different spreads, as the below screenshot shows.
Trading Platform Available
The platform available for trading at PINPOINT GLOBAL MARKETS is the PinPoints MetaTrader5, compatible with desktop and mobile apps. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at PINPOINT GLOBAL MARKETS is said to be $100. However, the broker didnt directly reveal any specific information about the acceptable deposit and withdrawal methods.
Bonuses
PINPOINT GLOBAL MARKETS claims to offer a 30% welcome bonus, yet we cannot be sure if the bonus can be withdrawn without any limitation.
Customer Support
PINPOINT GLOBAL MARKETS customer support can be reached by WhatsApp: +44 7760 311049, email: help@pinpoint.com, support@pinpoint.com or fill in Contact Form to get in touch. You can also follow this broker on social media platforms such as Twitter and Telegram. Company address: 119B Baker Street, London.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
