Power Trend Is It A Scam ? Review

The brand has been operating since 1994 and now has more than 200 offices in 30 countries. The broker boasts prestigious awards granted in Moscow, Vienna, Oxford, etc. The Power Trend group of companies happens to be the largest Forex broker operating all over the world, providing an opportunity to earn money via online trading for traders and investors. Examine Power Trend Review ’s site to see if there are trading tools, such as charts, blogs, demonstration videos, and tutorials on trading. A demo account is also useful to give traders an idea of how to use the platform. All fees, terms, and conditions must be stated clearly on the website or the contract.

The company offers exciting conditions for its clients. Tele Trade offers the MT4, MT5 and Web Trader forex trading top platform. Power Trend.eu offers over 65 forex currency pairs, gold, silver, cfds, indexes, energies, stocks, ETF, bitcoin and other cryptocurrencies, prtrend cheating for your personal investment and trading options. The trade broker Power Trend has been successfully providing online trade and investment services for more than 20 years, being deservedly considered to be one of the industry leaders.

We have the tools and experience to return your money to you and keep you safe from scam brokers. Second, no one should get away with lying to their clients and taking their money. For the sake of justice, cheated customers should not let the issue rest. Attentive and helpful customer service is also a sign of a trustworthy broker. In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies.

Are You Sure That This Company Is A Scam?

Lets explore each of these trading platforms in detail and what options Power Trend gives you. A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account. A minimum deposit is the minimum amount of money required by Power Trend to open a new online brokerage account with them. Power Trend is regulated, governed and supervised by reputable financial regulatory bodies.

This broker, based on the account types, is more targeting professional traders. forex analytics Foxrebate is forex cashback provider partnered with regulated forex brokers .

Reasons To Suspect Power Trend  Is Operating A Forex Scam

Power Trend is not a scam and operates as a regulated broker out of Cyprus. Founded in 1994, it has a clean regulatory track record. Power Trend supports only five deposit and withdrawal options. Power Trend charges an unacceptable 40% fee of the “trader’s reward” for traders who wish to become signal providers. The main thing is that the withdrawal of money works without errors. The company that runs the affairs of this broker is known as Power Trend-DJ International Consulting Ltd and its other website is Power Trend-dj.com. This is where everyone learns how to trade using easy to master strategies, plus they give you signals if you want to make quick money.

Firstly, it’s all about the choice of sync trading strategy. There are hundreds of master traders in Power Trend who want you to trade with their strategies.

On top of that they have several additional licenses from other regulatory agencies, they operate under the MiFID and a whole lot more. Generally, you’re going to have a whole lot of protection with this service. The trading platform is actually quite reliable and it gives you a number of different tools to use and even trading indicators. We were able to customize our own asset price analysis this way. With the ECN account, however, we were definitely happy with the results.

Is My Money Safe With A Power Trend Broker?

As with most brokers, margin requirements do vary depending on the instruments. Please note that the list of Power Trend payment methods belowdepend on Foreign exchange reserves the Power Trend Entity and the Clients Country of Residence. Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store.

Legal authorities may be able to do something, but regulators can take licenses away from scam brokers. Desperation is the quality that attracts scam artists and can cause people to jump into signing up with a broker before looking at their options carefully.

There is also an element of social responsibility in reporting the Power Trend and working to recover your funds. Reporting the scam and retrieving your money can be a deterrent against new scams. Creating negative Power Trend reviews will also warn potential clients.

Personally, I have long preferred Power Trend because it has a functioning terminal that gives access to a large number of assets and indicators, daily analysis of the market can be usefuil either. The coolest feature is traders rating which gives an opportunity to invest or manage funds with copy-trading service provided by Power Trend. I have 5 years of trading with Power Trend.eu and i never had any problems with the trading platform or withdrawal. I really had a very good experience on 15 Jan 2015 when i was able to close a big profit on USD/CHF despite the historical rally on CHF. Many other brokers closed trading on CHF pairs on that day. Maybe there is a difference between Power Trend-dj.com and Power Trend.eu?

Start by filling in the following form and a representative will contact you to provide all the information you need to know in order to get your chargeback process started. The seller asks to be paid via international money orders, checks, direct bank wires or cryptocurrency and will not accept any other form of secure payment. The latest Power Trend review suggests that the company operates illegally and without a proper financial regulatory license. And you should consider your personal preferences, for example, synchronous trading for one trader – this is an unacceptable format, the trader should do everything himself. But for another – this is a way out of a situation where a person can not trade personally for some reason. This brokerage company offers quite usual conditions, which can be studied immediately on the company’s website and in the user agreement. 2) The 1000 $ bonus on the first deposit is for all new customers of the company.

About Power Trend Company

Many brokers use MetaTrader 4 or 5, which is a reliable trading platform that is suited to experienced and first-time traders. forex This does not mean that any broker who has MT 4 or 5 is necessarily legitimate, but MetaTrader is a trusted platform.

Now Forex is my main income, which absolutely satisfies me. Work that gives pleasure, and gives you the opportunity to work whenever you want, without stress. The main thing is to understand the system, then there will be a stable income. There were no problems with the withdrawal of funds. It’s an ordinary broker to start a career in trading. In the beginning, the trading signals in Power Trend and the Cent account’s availability are advantageous.

Whatever you are looking to trade the varying Power Trend account types will be able to provide you with what you need. Power Trend MetaTrader 4 is compatible with the latest macOS Mojave. Power Trend allows traders to trade on mobile devices through Android and iOS devices like the iPhone. Once you have logged into your Power Trend account you will see the below trading platform options available to prtrend scam you. Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees. Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Does Power Trend Offer Guaranteed Stop Loss?

When I started interested in trading, I was on the verge of despair. My business burned down and I had absolutely no idea where to go next. I almost immediately registered and started to understand the terminal and gradually tried to buy deals.

The MT5 alternative does not offer all assets, which remain limited at 210. Power Trend scam has been a very serious issue for many people. It’s very unfortunate that many of the people who lose money to broker scams may not even know that the broker is a scam until it’s too late and they can’t get their money back. There are many cases where some people lost $10,000 to $20,000 worth of money. This is why you need to invest some time in searching for the best cryptocurrency trading group where you can find reviews on what brokers are legit and which ones are scams. You should also look for any Power Trend review sites so that you can be more careful when dealing with them.

I like that they don’t try to make the client deposit a large amount of money into the account. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. I know many people that want to be a traders, but don’t have expertise or patience enough to earn themselves. With Sync Trading service with Power Trend even such people can earn money investing in trading. I’m one of such people, so I know what I’m talking about.

• I can only agree, sometimes unregulated brokers may be okey and if the broker is unregulated that doesn’t mean that it’s scamm or fraud.
• If a broker is robbing funds from traders, it is important that they do not get away with it.
• And if you also worry about the reliability of the company, trading becomes a challenge.
• Fund recovery specialists have access to databases and details that are not available to the traders.
• Do not sign up with a broker until you are certain this type of trust is warranted.
• The customer support service of the Power Trend Forex broker is available for all the clients no matter from what part of the world they are coming.

Of course, the price may change a lot during times of high volatility, but when a broker manipulates prices, it’s always clear. Fortunately, I don’t see this when trading with Power Trend. I use their Sharp ECN account and I’m quite satisfied with it. As a scalper, I chose it for their low spreads starting at 0,2 pips. On the other hand, I would better stick with fixed ones. Unfortunately, Power Trend doesn’t offer fixed spreads. In general, it’s possible to trade profitably with variable spreads, but some exotic currencies may rip you off with suddenly extending spread, thus making scalping in a tight range a daunting task.