The main reason for pulling out this honest StandPoint Finance review is that the broker has been blacklisted all around Europe, and numerous clients cannot access their money.
Since we’ve seen such things before with offshore brokers, we decided to give some insight about solutions for the matter.
|Broker Status:||Unregulated Scam Broker|
|Regulated by:||Unlicensed Company / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||CNMV / FSMA / CONSOB / A-TVP|
|Broker Owner:||Standpoint Finance Limited|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Online Trading Platforms:||WebTrader|
|Deposit Bonus:||No Bonuses|
|Crypto Asset Trading:||Available|
|CFD Trading Option:||Yes, you can trade CFDs|
|Available Trading Instruments:||Currency Pairs (FX) / Commodities / Indices / Shares / Cryptocurrencies|
|Islamic Account:||Not Available|
|Free Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
StandPoint Finance Regulation – Important Things to Know
StandPoint Finance broker is a clear example of what to avoid. If you’ve ever checked its website, you may have noticed that depositing funds is extremely easy, but getting some crucial information is way more complicated.
For example, we know that the brand is owned by StandPoint Finance Limited from Saint Vincent and the Grenadines. Points for honesty.
However, knowing that this Caribbean island is notorious for its lack of trading regulation led us to question lots of things.
Since the FSA declared itself a financial register, not a regulator, StandPoint Finance’s regulation should come from Tier 1 regulators such as FCA, ASIC, or BaFin.
Unfortunately, this fraudulent trading firm didn’t bother to opt for any.
What’s Wrong With a License? – Beware Of Investment Fraud
Nowadays, we see more and more firms such as broker StandPoint Finance, whose utmost goal is to take as much money as possible and vanish.
Since fraudulent firms are everywhere, you need to pay extra attention and check details about companies before giving your money away. That’s the only way to avoid investment fraud and keep your money safe.
Scam Warnings Against StandPoint Finance
We have a long list of StandPoint Finance complaints which have led to numerous warnings from financial regulators. The official notice came from the Spanish regulator CNMV and was later republished by the Italian CONSOB, Belgian FSMA, and Slovenian A-TVP.
All the warnings point out that standpointfinance.com is a fraudulent website, and you should avoid it at all costs.
Where Is StandPoint Finance Trading Scam Active?
The broker is mainly active in:
Furthermore, regulatory warnings from Italy, Belgium, and Slovenia mean this company has defrauded clients in those countries as well. All we can say is that you should be extremely careful not to fall for the StandPoint Finance trading scam.
Negative StandPoint Finance Reviews
We’ve discovered that traders are not delighted with the service by checking eminent websites for reviews, such as Trustpilot. Which, if you think about it, makes perfect sense considering that they’re involved with an unregulated investment firm.
Most of the comments are turned towards the inability to withdraw money and broker’s behavior once clients submit a withdrawal request.
We also need to warn you about the StandPoint Finance bonus scheme that broker uses to prevent clients from withdrawing funds.
Furthermore, people are warning those reading comments that the broker itself has written any good statement you may see because nobody had a good experience with the scammer.
What Trading Platforms Are Available?
Apparently, the only StandPoint Finance trading platform is a proprietary Web trader that looks a lot like a TradingView chart. The software cannot be compared to MT4 or MT5 since it has no algorithmic trading, interface customization, and the same number of trading tools.
Mobile Trading App for iOS and Android
StandPoint Finance login is enabled via a mobile app that corresponds to a Web trader and is available for both Android and iOS devices. However, it has even fewer features than the desktop version and is not entirely representative.
StandPoint Finance Trading Instruments – What Can I Trade?
The broker offers access to significant trading assets, including:
- Forex pairs
The spread is rather high and starts with 2 pips for EUR/USD pair, while the leverage is not disclosed. Since basic trading conditions are unappealing, we see no reason for you to risk and invest your money in an unregulated offshore investment scam.
StandPoint Finance Trading Accounts
There are 3 StandPoint Finance account types to choose from. They are:
- Explorer – $3,000
- Basic – $10,000
- Silver – $50,000
It may seem that StandPoint Finance’s minimum deposit is $3,000, but if you log in to the client area, you will discover that you can start with as low as $250.
This is a bit suspicious and combined with the fact that the company uses an already notorious BridgerPay payment processor that many scam companies have used, we can safely say that you should avoid the StandPoint Finance scam.
Besides funds, accounts don’t differ, so upgrading will only bring weekly market reports. Not worth the effort.
Demo Account As a Lure
You can access clients’ areas quickly, but there’s no StandPoint Finance Demo account in its true meaning. If you want to place any trades, you will first deposit the money.
Scammed By a StandPoint Finance Broker? – Talk To Our Recovery Experts
If you fall victim to the StandPoint Finance scam, we want you to know that you’re not the only one. The broker tends to freeze clients’ accounts and is unabling withdrawals. Global Fraud Protection has received numerous complaints and is assisting clients in getting a refund.
If you have experienced similar issues, contact us via online chat to book a free consultation with our recovery specialists.
All In All, Don’t Let the Scammers Get Away for Free!
What Is StandPoint Finance, And Should I Invest Money In It?
Basically, it is an online Forex and CFD trading provider without regulations.
What Is The StandPoint Finance Minimum Deposit?
For now, broker’s minimum deposit is $250.
Can I Trade Cryptos And CFDs With StandPoint Finance Broker?
You can trade both crypto and CFDs with StandPoint Finance brokerage.
Does StandPoint Finance Have a Mobile Trading App?
Yes, there’s a StandPoint Finance app available for Android and iOS.