• Warning
• Background
• Trading Platform
• Trading Conditions
• Support
• Licensing

Warning

PWRTRADE is an online trading brokerage but is not a licensed broker.
Located in the Marshall Islands. Owned apparently by, GN Capital Limited, the listed address on the site is that of Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro Marshall Islands, MH 96960.
They use a company in the UK, GNUK Capital Ltd, as a payment processor. They are not regulated in the UK by any means.

 

Any company registered offshore is a blatant sign of scammer. Why avoid regulation if you’re really a serious brokerage?

Background

PWR Trade does not have a very good name online.
PWRTrade, or PowerTrade as known online, was released in 2015.
Most online traders highly regard it as one of the best profit-amplifying solutions.
It has just recently changed it’s URL to .co from .com.

After a good review of 3rd party, non-affiliate websites, it appears that this brokerage has left many victims in its wake. Almost as a rule, these types of brokerages are under one canopy which contains many different brands which tend to prey on the unsuspecting, non-experienced traders of the world.

If in the most regulated brands, close to 75% of people lost money while trading online, what can be expected from an unregulated brand. Apparently,  a regulatory license with CySEC is pending, but that is a common rumor usually spread by brokers who have no interest to become regulated – it’s continually pending for years and years.

Trading Platform

The platform is based on the well-known SpotOption trading system.

Trading Conditions

Micro Account:  $250-$500.
Basic Account:  $501-$5,000.
Standard Account:  $5,000 up to $15,000.
Platinum Account:  $15,000
Islamic Account: Available

Featuring trading instruments: Binary Options, Pairs, Long Term, 60 Seconds, One Touch, Ladder, FX/CFD, PWR Follow:

Minimum deposit for new accounts is listed at $250. Minimum trade size stands at $25, and the Max trade size amount at $10,000.

Their website is translated to English, German, Russian and Arabic.

Support

The phone listed is +442038685859, with email support at: support@pwrtrade.com, and/or live chat. Recently, the company has switched to: pwrtrade.co

Licensing

PwrTrade appears not to be a licensed broker.