Home -
TraderPowers -

Score

1.36 /10
Danger

TraderPowers

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

High potential risk

https://www.traderpowers.com

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.87

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

CH FINMA
2022-10-14
Warning List - TraderPowers
TraderPowers

Broker Information

More

Company Name

Primis LLC

Company Abbreviation

TraderPowers

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TraderPowers · Company summary

Note: TraderPowers' official website: https://www.traderpowers.com is currently inaccessible normally.

TraderPowers Review Summary
Founded2022
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsStocks, cryptocurrencies, commodities, and forex
Demo Account❌
Leverage/
EUR/ USD Spread/
Trading PlatformsA distribution of MT5
Minimum Deposit$1,000
Customer SupportPhone and email

TraderPowers offers forex trading. But it can be listed as a dangerous broker due to unregulated status. Besides, their website is not available.

TraderPowers' homepage

Pros and Cons

ProsCons
NoneUnlicensed broker
Inaccessible website
Ridiculous minimum deposit requirement
No MT5 available

Is TraderPowers Legit?

Trader Powers operates without any regulatory oversight, posing a risk to its clients' funds. Furthermore, Trader Powers does not offer a reliable trading platform to its clients, indicating a fundamental failure typical of many offshore brokers.

What Can I Trade on TraderPowers?

TraderPowers offers trading in stocks, cryptocurrencies, commodities, and forex.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices❌
Cryptocurrencies✔
Stocks✔
ETFs❌
Bonds❌
Mutual Funds❌

Account Type

TraderPowers offers the VIP, Platinum, Gold, Silver and Bronze accounts. They charge high minimum deposits of $250,000, $100,000, $25,000, $10,000 and $1,000 respectively.

Trading Platform

TraderPowers has distribution of Metatrader 5 available. However, this is not a distribution that is branded by Trader Powers – it belongs to some Stockton. Therefore, trading on it will have no bearing on your account with Trader Powers.

MT5

Deposit and Withdrawal

TraderPowers accepts crypto and wire transfers only – both methods are not eligible for a chargeback and thats why brokers like Trader Powers use them.

Customer Service

Contact OptionsDetails
Phone+44 203-828-2469 / +1 416-907-9059 / +61 272574019 / +34 930301892
Emailsupport@traderpowers.com
Online Messaging❌
Online Chat❌
Social Media❌
Supported LanguageEnglish
Website LanguageEnglish
Physical AddressFirst floor, first St. Vincent Ltd Building James Street, Kingstown, St. Vincent and the Grenadines

The Bottom Line

In a word, traders can avoid trading with TraderPowers. There is a very high minimum deposit. Besides, it does not openly reveal its trading conditions. What's worse, no any regulations currently,

FAQs

Is TraderPowers safe?

No. It might be a scam.

Is TraderPowers a good for beginners?

No.

Is TraderPowers good for day trading?

No.

User Reviews

More

User comment

2

Comments

Write a review

Modekaiser
more than one year
¡Es realmente extraño que el sitio web de esta empresa ya no se pueda abrir! Pero no vi a nadie diciendo que era un mentiroso, espero que no sea fugarse con dinero. Los mentirosos son realmente malos.
¡Es realmente extraño que el sitio web de esta empresa ya no se pueda abrir! Pero no vi a nadie diciendo que era un mentiroso, espero que no sea fugarse con dinero. Los mentirosos son realmente malos.
Translate to English
2022-12-15 17:05
Reply
0
0
謝季言
more than one year
San Vicente y las Granadinas... Nunca negociaría con una empresa de cambio de divisas registrada en este lugar. ¡No intentes estafar mi dinero! Es más, esta empresa ni siquiera tiene información reglamentaria.
San Vicente y las Granadinas... Nunca negociaría con una empresa de cambio de divisas registrada en este lugar. ¡No intentes estafar mi dinero! Es más, esta empresa ni siquiera tiene información reglamentaria.
Translate to English
2022-12-02 17:43
Reply
0
0