Score
Power Trading
Australia|2-5 years| https://powertrader.world/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
Hong KongContact
Licenses
Licensed Institution：POWER TRADING GLOBAL MARKET PTY LTD
License No.：001307402
Basic information
Australia
2-5 years Regulated in Australia Appointed Representative(AR) MT4 Full License Regional Brokers
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Singapore
Website Domain Name
powertrader.world
Server IP
43.134.113.89
Company Summary
| Power TradingReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Market Instruments | Forex, precious metals, oil, and CFDs |
| Demo Account | ✅ |
| Leverage | 1:1 - 1:400 |
| EUR/USD Spread | STP Account: from 1.9 pips |
| ECN Account: from 0 pips | |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | Tel: +852 97999878 |
| Email: admin@powertradingltd.com | |
| Regional Restrictions | US, Japan, Canada, Iran |
Power Trading was founded in 2018 in Australia, under the regulation of the Australia Securities and Investment Commision (ASIC). It uses MT4 as its trading platform, and offers trading services related to the forex, metals, oil, and CFD markets. However, this company does not provide services to customers in the US, Japan, Canada, and Iran.
Pros and Cons
| Pros | Cons |
| Regulated well | Regional restrictions |
| Demo accounts | Unknown payment options |
| Flexible leverage ratios | |
| MT4 provided |
Is Power Trading Legit?
Yes, Power Trading is regulated by the Australia Securities and Investment Commision (ASIC).
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Australia Securities and Investment Commission (ASIC) | Regulated | Australia | Appointed Representative (AR) | 001307402 |
What Can I Trade on Power Trading?
Power Trading provides trading on forex, precious metals, CFDs, and oil.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Precious Metals | ✔ |
| Oil | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Power Trading provides 2 types of accounts: STP Account and ECN Account. Moreover, a demo account is also available.
| Account Type | Min Deposit | Max Leverage | EUR/USD Spread |
| STP | $100 | 1:400 | From 1.9 pips |
| ECN | $5,000 | 1:300 | From 0 pips |
Leverage
Power Trading offers flexible leverage ranging from 1:1 to 1:400. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.
Trading Platform
Power Trading uses MT4 as its trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Keywords
- 2-5 years
- Regulated in Australia
- Appointed Representative(AR)
- MT4 Full License
- Regional Brokers
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二哥
Taiwan
I have previously reported to the real-name reporting platform. I made a profit of $4000 on the platform, but my withdrawal request has not been reviewed. The next day, my backend and account were banned. The platform sent me an email asking me to submit the account statement for deposit and proof of my income. I submitted them as requested by the platform. I also requested the platform to provide me with my order records. However, the platform did not reply to me the next day and forcibly refunded my principal. They also did not reply to my emails. I request the platform to refund me the profit portion.
Exposure
09-25
Ricardo Lim
Netherlands
Haven't had any problems with withdrawals, but it takes a few business days to process.
Neutral
07-10
Broker43330
New Zealand
Power Trading offers a robust platform with a wide range of tools that are great for both new and experienced traders. Their customer service is responsive and helpful, providing quick solutions whenever I've faced an issue. However, I've noticed that their spreads can be slightly higher compared to other brokers, which might be a consideration for cost-sensitive traders.
Neutral
06-14
Allen Wu.
Belarus
Yours spreads are unreasonably too huge on other pairs. It makes it virtually difficult to trade.
Neutral
04-26
Dung Le
Hong Kong
MT4 platform is intuitive, and their educational resources helped me improve my trading skills
Positive
07-19