Grampointclub investment company is present in the business since 2012. At least that’s what the company says. But also they claim to be regulated by the SEC and IIROC.
Is this all the case, you can find further in Grampointclub Review. But don’t miss out on the updates on Crown Capital FX and 24Forex reviews as well.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Grampointclub.com |
| Have Warnings from: | N/A |
| Registered in: | New Zealand (allegedly) |
| Operating since: | 2012 |
| Trading Platforms: | Proprietary app |
| Maximum Leverage: | 1:1 |
| Minimum Deposit: | $100 |
| Deposit Bonus: | Not available |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Without a fully transparent withdrawal policy and legal documents, it’s hard to determine if the company would allow withdrawal at all. But if you find difficulties, feel free to contact our expert team for advice. |
Legal info: Is Grampointclub legit or a Scam?
Firstly, the company claims to be registered in New Zealand. With this in mind, you know you should look FMA NZ register for a license. Thus, the register is empty upon search of GRampointclub. Without adequate legal documentation, we can’t get hold of their ownership name. Also, the company has some legal documents on two occasions. Thus, the results after following the link are not the same.
On top of all, the company is presenting itself as SEC and IIROC regulated. Be aware that regulated brokers provide transparent license numbers. But to avoid jumping to conclusions we did the research. Thus, neither SEC nor IIROC issued a license to the Grampointclub scam company.
https://brokercheck.finra.org/search/genericsearch/grid
https://www.fma.govt.nz/business/licensed-providers/
Who are Grampointclub clients?
The company presents itself as registered in 2012. However, their domain is less than 1 year old. Take a look. https://www.whatsmydns.net/domain-age?q=grampointclub.com
Nevertheless, they are mainly scamming traders from:
- United Kingdom
- Canada
- Isle of Man
Wherever you are coming from do your due diligence and check with your regulator first about any investment company. But if you need assistance with the refund, you are at the right place now.
Grampointclub commissions and fees
The company is not a standard CFD broker. Yet, they provide investment services in cryptocurrencies. Practically, you deposit money and they invest it for you. Important to realize, they are not allowed to do that without a license. Also, they promise returns of up to 3.5% daily.
Since they are investing for you, none of the trading conditions are revealed. This leaves room for speculation is it all manipulated and fake or real?
Grampointclub Trading Features
As can be seen, the company only offers one investment option. That’s the Bitcoin. Even though it’s highly popular and volatile, in the wrong hands might be risky. Another shady feature of this company is loans. But it’s a story for another time.
Is Grampointclub legit?
No. They are misleading traders to believe in their legitimacy. On top of that, they use a non-reliable app and provide traders with no legal documents whatsoever. Lastly, they promise you daily returns.
Available Trading Assets
According to the website, the only available asset is Bitcoin. After all the mentioned flaws they limit you to only one investment opportunity. Whereas you have trusted crypto exchanges and Tier 1 licensed brokers that can provide you with much more.
Account Types
With Grampointclub company you can choose between 4 plans. Those are:
- Micro $100-$10.000
- Mini $10.000-$50.000
- Max $50.000-$100.000
- Business $100.000 +
All the plans have 30 days contracts except for business, which has 50 days. Also, plans have growing daily returns between 2% and 3.5%. Another key fact is a referral bonus in the amount of 15%. Thus, this looks like a classic MLM scheme.
Mobile Trading App
The mobile app with Grampointclub is available for download. Thus, not from trusted stores like PlayStore or AppStore. Sadly, access is not granted to it and we can’t check its functionalities.
Demo Account
If the shady mobile app is not enough, here is more. There is no demo account either. This raises a suspicion if their software even exists or it’s all fake.
Education
Education with non-regulated companies is highly speculative. Mainly because the company doesn’t have even one licensed person for such services. Therefore, you might get into the bad side of trading. Instead, you can apply for trading courses with trusted and regulated brokers. But also get live sessions.
Grampointclub Withdrawal
The company doesn’t have transparent terms and conditions or a withdrawal policy. On their website every other moment you get a pop-up that someone withdrew $10K or $20K. But most likely, that’s just another false advertisement from the company.
But even if they had a withdrawal policy it would be irrelevant without regulations. So, rather avoid the broker before it’s too late.
Customer Support
Another key sign of an investment scam is the lack of trusted contact options. In this case, you can only contact the company via e-mail, an online contact form and live chat. But to get the landline phone number to prove their address or get a video call is not a solution.
It’s just a matter of time before you get to see many negative reviews about the company. If they exist since 2012 as they say, there would be plenty. Primarily because the company claims to have 739.013 users.
Key Information To Consider About Grampointclub?
Primarily, the company is misleading traders about regulations. Secondly, they provide quite poor information about the ownership, legal documents and contact options. Most importantly, they promise returns under unknown conditions.
All facts lead to the conclusion that his company is not genuine. Therefore, better avoid it and find a licensed one. But if you already got scammed, don’t get too frustrated. You are not the first nor the last. It only matters what are you going to do about it. If your goal is to get your money back, contact our expert team for advice. We are waiting for your message. But don’t worry, the first consultation is free!
FAQ Section
What Is Grampointclub?
Grampointclub is allegedly a New Zealand company offering investment plans with fixed returns while investing in Bitcoin.
Is Grampointclub Regulated?
The company says yes, but all the registers starting with FINMA, FMA NZ and IIROC say no.
How Do I Make Withdrawal From Grampointclub?
To make a withdrawal request click the WITHDRAW button at the top center of your account dashboard and input the required details to withdraw
Can I Have More Than Two Accounts In Grampointclub?
The company doesn’t allow you to have more than one account. In any case, our team is available for refund assistance in case you have withdrawal issues.