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Grampoint
Regulators:
https://www.grampointclub.com/
We strongly suggest you drop the plan to open an account with Grampoint because it is an unlicensed broker, a trading platform potentially posing a huge risk to your money and personal information.
Grampoint displays a certificate to support its claim that it is legally registered in New Zealand. If the assertion is true, the company, hence, is required to be authorized by the New Zealand Financial Markets Authority (NZ FMA). However, the New Zealand financial watchdog has issued a warning against Grampoint, stating that Grampoint is falsely claiming to be a New Zealand company and is not registered to provide financial services in the country.
Furthermore, Grampoint claims that it is regulated by the U.S. Securities and Exchange Commission (SEC) and the Investment Industry Regulatory Organization of Canada (IIROC). However, our search for this company in the aforementioned regulators' registers didn't yield any results either.
In essence, Grampoint is not regulated by any regulatory body. Once your funds and personal data are held by this trading platform, there are no rules in place to safeguard them. As such, investors are encouraged to stay away from unlicensed brokers like Grampoint and instead choose a fully regulated one.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.


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