TraderPowers

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

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

Pros and Cons

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.

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.

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

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.