Power Trading
Abstract：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.
| 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 |
| ECN Account: from 0 pips | |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | Tel: +852 97999878 |
| 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.
Trading Platform
Power Trading uses MT4 as its trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
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