PWRTrade is a 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, Sofia, Bulgaria. Their phone numbers are: United Kingdom +44 203 514 3960, South Africa +27 21 300 9271 and Canada (647) 558-2404. Their email address is: [email protected].
PWRTrade Platform Review
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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.
Special Offer: Go here and get a $50 credit to start trading.
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.
So the question; is PWRTrade a legitimate binary option broker and not another scam broker? Please share with us in the comment section below, your trading experience with them.