Are you looking to read Market Signal Point reviews before trading? Why marketsignalpoint.com is a scam! Read detailed review to know about this platform 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.
About Market Signal Point FX
Market Signal Point located at Marketsignalpoint.com is an offshore brokerage company with a lot of promises for forex traders . The company is completely anonymous as there is no corporate address or phone number that can prove its credibility.
The broker offers different account types. See below.
In addition, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. More so, it presents a zero spread difference in Buy/Sell.
Deposit and Withdrawal
Market Signal Point Minimum Deposit:
According to the account type, the Market Signal Point deposit is indicated $500. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
Meanwhile, there is no data on the broker’s acceptable funding methods.
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!
Market Signal Point Platform:
Looking Market Signal Point platform, there is nothing to suggest a software, even though there is some info.
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.
As for Market Signal Point leverage, it can get up to 1:500. 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.
Won’t you rather trade with a licensed and legit 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, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Things You Should Know about Marketsignalpoint.com Regulation
First of, Marketsignalpoint.com is a completely anonymous broker as we could not find anything about its contact address or number. First of, it claims ASIC, Australia license but that is completely false.
On its website you can see that this broker claims to be licensed by the VFSC, which is one of the best offshore FX regulators in the world, and as such would not throw away years of hard work to regulate the likes of Market Signal Point.
It claims to be licensed by Securities and Exchange Commission SEC in the US, however every broker operating in this country must be a member of the National Futures Association (NFA) in order to operate legally. After checking database of financial authority, nothing is found. See below
We noticed that there were no legal documents anywhere, further increasing the scammer power of Market Signal Point, and making the client helpless.
Further, this 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.
Marketsignalpoint Licensing and Regulation
It is not far from believing that this broker 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
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
Conclusion:
Marketsignalpoint FX located at Marketsignalpoint.com disguises to be a genuine trading platform, however, that cannot be ascertained. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was this post helpful? Please share with us your experience in the comment section below.
Read earlier reviews on Hx-trading-option, Innotrade-io , Forextimeprime brokers
