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Score

6.90 /10

Average

Power Trading

Item: Power Trading
Rating: 6.90

Australia

2-5 years

Regulated in Australia

Straight Through Processing(STP)

MT4 Full License

Regional Brokers

https://powertrader.world

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Comparison

Quantity 1

Exposure

Open Account

Website

Score

Regulatory Index6.32

Business Index6.07

Risk Management Index9.43

Software Index7.94

License Index6.32

Open Account

Website

Licenses

ASIC Regulated

STP

ASIC Regulated

VPS Standard

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

Single Core

40G

open now

Broker Information

Company Name

Power Trading Limited

Company Abbreviation

Power Trading

Platform registered country and region

Australia

Company website

https://twitter.com/aatyatirim

Facebook

https://www.facebook.com/aatyatirim

Instagram

https://www.instagram.com/aatyatirim

YouTube

https://www.youtube.com/user/aatyatirim

Company summary

Pyramid scheme complaint

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Power Trading

United Arab Emirates

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Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Account blocked, withdrawal not received.

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.

ERGE

2024-09-25 19:46

Power Trading · 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
EUR/USD Spread	ECN Account: from 0 pips
Trading Platform	MT4
Min Deposit	$100
Customer Support	Tel: +852 97999878
Customer Support	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.