Power Trend Scam Broker Reviews
Content
The online trading platform, Power Trend comes with a clean-cut user-interface using amazing capabilities and customised applications. Desktop customers on Windows and Mac operating systems may get the downloadable stage, due to proprietary trading technology. In general, you can find 1-9 trading platforms encouraging 5 stock categories, along with an estimated 150 fiscal tools. This forex brokerage has its own headquarters at the British Virgin Islands, also with a rich history spanning 1-1 years, customers are ensured of trading using trading platforms that are dynamic. In 2013, Power Trend started its own societal trading platform called Share 4 You.
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses. Power Trend Foreign exchange reserves are able to accommodate various levels of traders whether you are experienced or a beginner. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Power Trend that will help you get off to a good start in the world of online trading.
You should have a good hold over the details of online trading before you set out and trade with real money. While collating our Power Trend review we examined the options for customer service including response times, and the Power Trend trading platform problems solving effectiveness. Power Trend provides support in various languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic. Power Trend accounts provide full freedom with floating spreads from 0 pips, one-click trading and level 2 quotes for visibility of market depth. This type of account is recommended for those trading large volumes, traders exercising scalping strategy, and traders with expert advisors. Power Trend looks like an attractive trading destination, with a solid reputation in Russia, and an equally solid selection of trading platforms.
Leverage
Besides, for each trading a very small amount of spreads also cut by them. It varies from 0 pips to 2 pips depends of the account types. But in that case, we must mention that the spread is really lower than other brokers. Using the title ‘A Company with Innovation Philosophy’ Power Trend has been working and gaining trust among the traders since 2007 under the mother company E-Global Trade & Finance Group. According to a statistics Power Trend executed almost 786 million orders through its 1.4 million trading accounts up to February 2018.
Power Trend is excellent for traders who want a manageable range of low-cost services. The platforms offered by Power Trend are third-party, Foreign exchange market white-label offerings. All traders can choose out of MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Power Trend Desktop
There you will be able to acknowledge all common information regarding account types and settings of them. Please specify your trading account number, and describe your question with more details. When trading through the MT4 platform, all works fine (with a sharp market movements I couldn’t slow down).
- Power Trend withdrawal fees vary depending on your selected withdrawal payment method.
- It is a great and intuitive platform with helpful features for your ease.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- Power Trend provides its customers with valuable information on how to succeed in the markets.
- The more lots traded by the consumer, the greater benefits will come along.
- Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.
Third-party partnerships also supply in-house research. Power Trend is the forex broker power trend favourite of many traders because of its negative balance protection.
Is Power Trend A Market Leading Broker?
We are reviewing the information you have provided as well as documentation provided by the licensee. At this stage I unable to say when our review will be completed. Try cyber police, econsumer, fsa and other place ,do not let Power Trend scam us easy. CFDs are leveraged products and as such loses may be more than the initial invested capital.
The conversion fee will be dependent on the money you are choosing to draw in. If you feel that Power Trend is not right for you then at the bottom of this Power Trend review you wil find a lot of alternatives to Power Trend. These advantages are what sets Power Trend apart from the rest of the online brokers. You need to check all the benefits listed so that you have a better comprehension of Power Trend.
Is Power Trend Legit?
This company is clearly doing everything in order to retain customers and constantly working to improve the conditions of the auction. Power Trend was my first and so far the only broker I work with.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
This may seem to be a small number, but over the entire year, this adds to a substantial number of gains. Even though Power Trend provide you all of the tools to earn money, they cannot guarantee you will profit. It majorly owes this standing to its unbelievable platform and wide range of tools plus resources so you can invest in capital markets. Top-tier financial authorities regulate all operations.
Power Trend offers an ECN Account with spreads starting from 0 pip and a fixed commission per lot. Along with everything, Power Trend has multiple benefits to new and verteran traders and should be investigated. There’s no minimum time on which a trade must be kept open. The brokers provide premium client service which rewards customers with benefits.
The market coverage of the operation is decent as well, not to mention its account types, some of which deliver some rather attractive trading conditions indeed. Power Trendoffer a good selection of educational resources.
Benefits Of Trading With Power Trend
At that time the fee was exorbitant, but it was worth it. And now with an enviable constancy change tools and earn all you want. You must understand that Forex trading, while Foreign exchange autotrading potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.
Traders can also choose between the popular MT4 platform or the broker’s proprietary solution. To trade forex and CFDs, you need a well-regulated broker, where your money is safe, one that features a user-friendly trading platform with ultra-light execution, tight spreads, and fees. Trading with a trusted forex broker is crucial for success in international currency markets. Power Trend became operational in February 2007; it is owned by E-Global Trade & Finance Group, Inc., with its registered office in the British Virgin Islands. Over the past 13 years, per its own account, clients have opened more than 2,200,000 trading accounts.
Analytical tools make you happy, because you can view all the actions. There are convenient applications for working with mobile gadgets. It is nice that the broker takes care of training its clients, conducts free webinars and is generous with useful articles and tips. I started working with this broker almost from the moment of its Foundation. From year to year, it only improves, the conditions become more accessible to everyone, the output is excellent, the quality of services provided is excellent.
The broker regularly updates trading tools and adds the most popular ones, in particular many types of cryptocurrencies. Withdrawals and deposits are fast and with minimal fees. Power Trend supports bank wires, credit/debit cards, Skrill, Neteller, and WebMoney. The minimum deposit ranges between $1 and $10, with processing times listed as instant. While Power Trend waives deposit fees, it does assess a fee for withdrawals. For Cent & Classic account Power Trend doesn’t charge any commissions. But for the other types of accounts the commissions vary from 8 USD to 10 USD per lot.
The Conversion fee is dependant on your base currency, your receiving currency and your payment provider. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. The whole notion of regulation is to protect Power Trend traders and power trend official site provide a safe trading environment. Financial regulation and license approval is essential. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Power Trend.
This review of the Power Trend platform is very detailed. If you are interested in trading with Power Trendin any capacity please take the time to read and research the whole Power Trend review. A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods. Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.