PWRtrade Review

PWRtrade Binary Options

PWRTrade is an unlicensed binary options broker that opened in 2015. They are owned by GN Capital Ltd., located in Marshall Islands, and managed by GN Management EOOD, Alexandar Sramboliski Blvd 130-132, Sofia, Bulgaria. Their phone number is: United Kingdom +44 203 514 3960 and email address is: support@pwrtrade.co, and the new website is at: PWRtrade.co.

If you have withdrawal problems or complaints, you should look here.

PWRTrade Review

PWRTrade uses the latest version of the SpotOption trading platform. They offer the full trading software which includes Ladder and One Touch options, along with Forex trading. They have the PWRFollow social trading feature which allows traders to follow the trades of others. Returns on $EUR/USD binary options is 81%, and the payout on 60 second options is 72%.

Minimum deposit for new accounts is only $250. Their site is available in English, German, Russian and Arabic. Minimum trade size is $25, and the Max trade size is $10,000.

Trading Signals Scam

WARNING: Don’t use any automated trading system until you read this alert!

You can find popular automated trading software, look here.

PWRtrade Binary Options Broker
PWRtrade Binary Options Broker

PWRTrade Regulation

The main thing we look for when reviewing a binary options broker, to determine if they are a legitimate broker or a scam broker is a license. Are they licensed and regulated in Cyprus by CySEC? Or any of the other government regulators listed here.

PWRTrade is not a licensed broker.

Compare PWRTrade

BDSwiss (read review) is a popular European licensed broker who uses the same trading platform, see here. They are primarily use by people use the auto trading robot from OptionRobot.com.

HighLow (read review) is the best Australian licensed binary options broker. They give you a free demo account, and they have 200% returns, with a $50 min deposit, read more.

Best Online Brokers

Is PWRTrade a legitimate binary option broker and not another scam broker? Please share your experience with us in the comments section below.

PWRtrade Review

PWRtrade Binary Options

PWRTrade is an unlicensed binary options broker that opened in 2015. They are owned by GN Capital Ltd., located in Marshall Islands, and managed by GN Management EOOD, Alexandar Sramboliski Blvd 130-132, Sofia, Bulgaria. Their phone number is: United Kingdom +44 203 514 3960 and email address is: support@pwrtrade.co, and the new website is at: PWRtrade.co.

If you have withdrawal problems or complaints, you should look here.

PWRTrade Review

PWRTrade uses the latest version of the SpotOption trading platform. They offer the full trading software which includes Ladder and One Touch options, along with Forex trading. They have the PWRFollow social trading feature which allows traders to follow the trades of others. Returns on $EUR/USD binary options is 81%, and the payout on 60 second options is 72%.

Minimum deposit for new accounts is only $250. Their site is available in English, German, Russian and Arabic. Minimum trade size is $25, and the Max trade size is $10,000.

Trading Signals Scam

WARNING: Don’t use any automated trading system until you read this alert!

You can find popular automated trading software, look here.

PWRtrade Binary Options Broker
PWRtrade Binary Options Broker

PWRTrade Regulation

The main thing we look for when reviewing a binary options broker, to determine if they are a legitimate broker or a scam broker is a license. Are they licensed and regulated in Cyprus by CySEC? Or any of the other government regulators listed here.

PWRTrade is not a licensed broker.

Compare PWRTrade

BDSwiss (read review) is a popular European licensed broker who uses the same trading platform, see here. They are primarily use by people use the auto trading robot from OptionRobot.com.

HighLow (read review) is the best Australian licensed binary options broker. They give you a free demo account, and they have 200% returns, with a $50 min deposit, read more.

Best Online Brokers

Is PWRTrade a legitimate binary option broker and not another scam broker? Please share your experience with us in the comments section below.

Reviewed by Scam Broker Reviews
  • Nick B

    I am currently trying to withdraw my £250 deposit I made with PWRtrade when I signed up with the Copy Buffett software. The money seems to have disappeared out of my account and despite numerious emails I still have had no luck with them. I am now seeking to go through the Cyprus Securities and Exchange people but I’m not quite sure which route to go with them. Has anyone else had this problem and if so do you have any advice?. Thanks in advance.

    • ban

      Hi Nick, i am facing the same issue with this scam company and submitted an official complaint to complaints@financialombudsman.gov.cy. I have been chasing the company for over 4 weeks regarding closure of 3 accounts and no feedback. My account manager “the thief” Saif Aldeen Almalki has blocked my number to avoid contacting him and now left with the support team who has no update on anything.

      • Rizwan Khan

        saifel deen al maliki .. big scam master,never trust him or any binary broker…never have been chasing them for a year now an still no refund…contacted israel security authority, cysec, financial ombudsmen , still no use. they not licensed by cysec ,so they cant help.

  • Nick B

    HiSathiya23. Thanks for that. I didn’t think of Facebook. I have now gone onto their page and posted a message. Can’t imagine it will do any good but it makes me feel better. I’ve also now just done Twitter. As you say lets get the message out there.

    • sathiya23

      Hi Nick,
      On 14th I received an email from pwrtrade stating they accepted my withdrawal request and asked me to keep in touch with my credit card company if the fund has been refunded. I used my credit card to open account. Tomorrow, 18th I shall call my CC company to find out if the money has been returned and shall update here accordingly. Hope they would refund my money. I also checked my pwrtrade a/c for the balance amount, but it shows 0.00 balance. So I can only able to check with bank to verify the refund. Cheers !!!

      • summer

        Hi sathiya23,
        Would you please tell me what you had to get to get the money withdrawn, I have requested but keep calling to keep it for more investment, please help if you can. thank you.

    • sathiya23

      Hi Nick,

      Happy to share here that I checked with my banker today and the money has been refunded in full.

  • Ravintheran Karuppannan

    Hi Sathiya, How did you manage to do that

  • Enny

    I got the same Problem, I want my Money back.
    So many People online having the same Problem.
    There must be a way! How did it go with the financialombudsman

    • Geoffrey Jackson

      Expect nothing from the Financial Ombudsman. Binary Options is not recognised as a financial services activity in the UK. Not financial = No ombudsman.

      Binary Options is rated as gambling, but is not licensed by the Gambling Commission because rules and procedures are not up to its minimum standards of clarity and integrity. The best you can do is report your Binary Options firm to Action Fraud, 0300 1232040, for unlicensed gambling, but expect no compensation at all. Company owners and managers extract a good living from Binary Options, but they take great care ensuring their firm has almost no assets: everything is rented, cash is shared out as soon as it comes in. Ownership of any firm is deliberately difficult to establish. Knock over one Binary Options firm and another one, with the same management but newly disguised identities of owners, is born from the fire before the ashes go cold…

  • Francis Tan

    Listen up all, if you are interested in Binary Option trading to make a quick buck just knock into your head the name of this trading platform, it’s call “PWRTrade” . This is a big time platform with many scam trader brokers inside a big pot of worms ! Once you deposited your money in their platform account you will have the most difficult time trying to withdraw your money because they would have a trap set up for you in the form of a small bonus. This is a pure cheap scam they will use on you. So remember what I have just mentioned folks, “PWRTrade”. Good luck !

  • ase

    I had also a terrible experience with PWRTrade. Jacob and Julian are brokers you must NOT trust. I have been persuaded and brainwashed to invest very much. At first I trusted J. After half a year with a Gold trading account the convinced me to put all my savings into PWR on a Real estate account .On their Platform you can read:”We are fully compliant with international standards to prevent any malfeasance, fraud or misappropriation of any funds you have invested with us. Our promise to you is that we will secure your funds and we assure you of a safe hassle- free trading.” I am still waiting for more than 150.000 $ which Jacob persuaded me to put into a forex account. They deny me to This is only the beginning of my nightmare.

  • Craig Brown

    Hey, I want to thank each and every one of you for your comments. I found them just as the representative called me back to confirm my deposit. I ended the conversation with thanks but no thanks. To all of you I say Thank you, Thank You and THANK YOU!!!! I am far from being a wealthy man and should know better after all the African scams I have worn. Reading these comments simply woke me up to what I have been told by my own friends. Thank you. I will take your words for it and leave this one alone.

  • Gordon Reber

    guess what PWRtrade is nowhere to be found and i have no idea if my money will be returned?

    • ronel lawrie

      Hi Gordon, sadly you will never receive your money back.
      I have just lost money to 2 of these companies. i am devastated and in such a bad place, but my money is gone.

  • ronel lawrie

    Hi, Please tell us how you managed to get your money back through face book.

  • Silvie van den Dam

    Hi, I was informed after my $250.- deposit to sent in all my personal ID, I replied not to be willing to do so, so now they say refund can not be provided. This is a money scam but more so an Identification scam. Stay away from this place, am about to take them to the Today/ Tonight show. Anyone who want to have a say….join. Email silvievdd@gmail.com

  • Silvie van den Dam

    Today, their website seems to be down?!? Did they pack up and yet start again soon under yet another name? Is not the first time.

    • Gunilla Fondin

      They have CHANGE to @pwrtrade.co and I have lost more then 20,000 Euros and they have a very good senior trade man (to speak). HE SAYS:: TAKE YOUR WITHDRAWL AWAY and GO ON with them. DON`T PAY ANYTHING TO THEM!!!!!!!!!! They are not sending any money back!!!!! They promises are worth NOTHING!!!!!!
      I have lost more then 1,900.000 SEK NOW!!!!!!!!!

  • Gunilla Fondin

    Binary Options is rated as gambling, but is not licensed by the Gambling Commission because rules and procedures are not up to its minimum standards of clarity and integrity. The best you can do is report your Binary Options firm to Action Fraud, 0300 1232040, for unlicensed gambling, but expect no compensation at all. Company owners and managers extract a good living from Binary Options, but they take great care ensuring their firm has almost no assets: everything is rented, cash is shared out as soon as it comes in. Ownership of any firm is deliberately difficult to establish. Knock over one Binary Options firm and another one, with the same management but newly disguised identities of owners, is born from the fire before the ashes go cold…

  • Tamara Barnes

    Hi Amy.

    I am so so glad i read this article and your comment because i thought this I was the only one that got money taken from me. I am a university student and they called me and convinced me i could make money weekly even if its small so i could focus more on my university studies without working part time as much. In total they took 1300 dollars from me. The reason i said yes was because the PWR trade person GUARENTEED me that i would earn/make money from their “new upgraded binary system” I am so stupid i believed them and it is the biggest regret of my life. I hope people read this and avoid making the stupid mistake i did.

    • Mike

      They continue to call me 10 times per day trying to convince to make a deposit – but thanks to all you for sharing. Do we have some institution in EU who could help to get money back in such cases ?

  • dean

    has anyone ever been able to with draw any money from their account???? I am £900 up in my account.

  • Cynthia Brink

    PWRTrade is not a wise choice. They are scam worthy. $80,000.00 lost on the CN Capital setup. When asked for details about how things work and when should fund be retrieved I was told not to worry. Well worry. Money is gone! They tell you that you have insurance coverage but, if you opt for it you can not cash out unless you reach a certain trading volume. Tricky.

  • Morris

    I was about to make a deposit. But i reminded my self to google (duckduckgo) around a little bit and found this comments. I am glad about this! Now I know that they are trying to steal your money. DONT DEPOSIT ANY MONEY AT PWRTRADE.CO