Westpoint International / westpoint.inc has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Westpoint International / westpoint.inc is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
After for roughly four months with Westpoint International / westpoint.inc I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Good mobile app|Responsive team|Multiple order types
Cons: Live chat only during business hours|Some tools only available on higher tiers
My withdrawal from Westpoint International / westpoint.inc was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for just over a year of being strung along.
Pros: Market news feed|Portfolio tracking tools|Multi-currency support
Cons: No live chat on mobile
I looked into Westpoint International / westpoint.inc and found they appear in the regulatory warnings database. Swiss Financial Market Supervisory Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Customer support at Westpoint International / westpoint.inc seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Good analytical tools|Dividend tracking|Portfolio tracking tools
Cons: Nothing significant
I signed up with Westpoint International / westpoint.inc after a trusted YouTuber reviewed them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Good mobile app|Tax reports included|Risk management tools
Cons: None so far|Account statements could be more detailed
Opened my account with Westpoint International / westpoint.inc after a family member had a good experience and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Helpful community forum|Fast deposits|Good mobile app
Cons: No crypto staking
Several red flags with Westpoint International / westpoint.inc: (1) They promise unrealistically high returns, (2) They're not registered with Swiss Financial Market Supervisory Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Do not use Westpoint International / westpoint.inc for anything serious. I used them for a few weeks now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Personal attention|Easy to use platform|Demo account available|Segregated accounts
Cons: Limited ETF selection