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Pushpender Sharma
Within 1 year

What major risks or drawbacks should I keep in mind if I decide to use Point72?

Broker Issues
Point72
Regulation
01-24
United States
WikiFX
Reply

From my perspective as a long-time independent forex trader, I approach any broker—especially one like Point72—with measured caution, regardless of its reputation or regulatory credentials. While it's true that Point72 is regulated by the Securities and Futures Commission (SFC) in Hong Kong and has been operational for over 15 years, I found some significant risk factors that matter for someone considering using their services. First, based on experience, a broker’s regulatory status is only one layer of protection. In this case, Point72 primarily caters to professional investors who must meet specific requirements, which could limit accessibility for many retail traders like me. There’s an absence of crucial details such as clear fee schedules, minimum deposit information, or well-defined channels for direct support. For me, lack of transparency in these areas raises important concerns about what to expect day-to-day. Equally noteworthy is the pattern of user complaints I found, specifically regarding withdrawal issues and suspicions of fraudulent activity by parties misusing Point72's name. Although some users praised the firm's investment resources, there have been credible reports of canceled withdrawals and changing website domains—these are red flags I cannot ignore. From my own trading experience, withdrawal delays or platform instabilities are among the biggest operational risks. In summary, while Point72 appears reputable and regulated, the combination of incomplete information, serious user complaints, and a focus on professional rather than retail clients leads me to proceed with caution. For me, fully verified transparency, dependable withdrawal processes, and accessible customer support remain non-negotiable essentials for trust.

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