PWRTrade is an unlicensed Forex CFD broker, that originally started out as a binary options broker 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: [email protected], and the new website is at: PWRtrade.co.
If you have withdrawal problems or complaints, you should read this.
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 a new trading account is $250, which is pretty standard. Their website is available in English, German, Russian and Arabic. Minimum trade size is $25, and the maximum trade size is $10,000.
WARNING!
Do not use an automated trading robot until you have read this alert.
You can find popular automated trading software, look here.
Is PWRTrade a Regulated Broker?
The main thing we look for when reviewing a CFD or Forex 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 regulator listed here.
PWRTrade is not a licensed broker.
WARNING from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
Is PWRTrade a legitimate Forex broker and not another scam broker? Please share your experience with us in the comments section below.