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PWRTRADE

Marshall Islands|5-10 years|
Suspicious Scope of Business|High potential risk|

https://pwrtrade.co

Website

Rating Index

Contact

+44-203-936-4040
support@pwrtrade.co
https://pwrtrade.co

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

PWRTRADE · WikiFX Survey

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PWRTRADE · Company Summary

Note: PWRTRADE's official website: https://pwrtrade.co is currently inaccessible normally.

PWRTRADE Review Summary
Founded2015
Registered Country/RegionMarshall Islands
RegulationUnregulated
Market InstrumentsBinary options, indices, equities, commodities, and currency pairs
Demo Account
Leverage/
Spread/
Trading PlatformWeb
Min Deposit$250
Customer SupportTel: +44-203-936-4040
Email: support@pwrtrade.co

PWRTRADE, which was founded in 2015, is a binary option broker based in the Marshall Islands. It is owned by the Bulgarian firm GM Capital. Traders can trade indices, equities, commodities, and currency pairs on major financial markets using PWRtrade's innovative platform.

PWRTRADE's homepage

Pros and Cons

Pros Cons
Various trading marketsInaccessible website
Lack of regulation
Blacklisted by several regulators
Limited info on the trading conditions
No MT4/5
High minimum deposit

Is PWRTRADE Legit?

PWRTRADE is completely unregulated by any institution, and the brokerage has been blacklisted by multiple financial institutions.

The Belgian Financial Services and Markets Authority (FSMA) has warned that PWRTRADE is not an authorized investment company or credit institution in Belgium and that it offers trading in speculative and particularly high-risk trading products (binary options).

FSMA warning

The Bulgarian court has blocked the PWRTRADE website, following a warning from the local Financial Supervision Commission (FSC) that the brokers are not authorized to provide investment services in the country.

Bulgarian court warning
Bulgarian court

The Manitoba Securities Commission in Canada has also blacklisted PWRTRADE, stating that the company is not registered in Manitoba to trade in securities or to provide advice to anyone regarding investing, purchasing, or selling securities.

What Can I Trade on PWRTRADE?

There are more than 120 assets on major financial markets offered by PWRtrade, including binary options, indices, equities, commodities, and currency pairs.

Tradable Instruments Supported
Binary options
Forex
Commodities
Indices
Equities
Stocks
Cryptocurrencies

Account Type

Five different account types are available on PWRtrade.

Account TypeMin DepositBonusFeatures
Bronze$250//
Silver$2,00050%5 risk-free trades of $100 each
Gold$10,00075%5 risk-free trades of $1,000 each
Platinum25,000100%/
Diamond$50,000100%/

Trading Platform

PWRTRADE only offers a web-based trading platform with severely limited functions. Therefore, we recommend you to choose a legal broker that provides a professional and advanced trading platform like MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
WebtraderWeb/
MT4/Beginners
MT5/Experienced traders

Deposit and Withdrawal

PWRTrade accepts payments from MasterCard, VISA, bank wire transfers, and Neteller.

However, the company has some rather unusual withdrawal conditions. For instance, if you accept a trading bonus, you must reach a minimum trading volume of at least 0.2 lots per dollar received in order to withdraw. Considering that 0.2 lots typically equals 20,000 currency units, this requirement can make it essentially impossible to withdraw funds. Therefore, please steer clear of this broker.

Broker Information

Company Name

GN Capital Limited.

Abbreviation

PWRTRADE

Regulatory Status

No Regulation

Platform registered country and region

Marshall Islands

Company website
Phone of the company
  • +44-203-936-4040

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Customer Service Email Address
  • support@pwrtrade.co

Company Summary

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