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Score
Saint Lucia
Suspicious Regulatory License
MT4 Full License
Regional Brokers
High potential risk
Influence
Add brokers
Comparison
Quantity 4
Exposure
Score
Regulatory Index0.00
Business Index6.80
Risk Management Index0.00
Software Index8.58
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Danger
Warning
Danger
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Company Name
PO TRADE LTD
Company Abbreviation
PO TRADE
Platform registered country and region
Saint Lucia
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
PO TRADE Review Summary | |
Founded | 2019 |
Registered Country/Region | Saint Lucia |
Regulation | No regulation |
Market Instruments | 100+, Forex, Commodities, Indices, Stocks, Cryptocurrencies |
Demo Account | ✅ |
Leverage | / |
Spread | / |
Trading Platform | / |
Minimum Deposit | / |
Customer Support | Contact Form |
Company Address: Tbilisi, Georgia, 45 Tabukashvili Street, N 7, 0105 | |
Social Media: Facebook, Telegram, Instagram, Twitter, YouTube, Discord, Tiktok | |
Regional Restrictions | EEA countries, the USA, UAE, Israel |
PO TRADE is an online trading platform based in Saint Lucia. It claims to offer 100+ tradable products such as Forex, Commodities, Indexes, Stocks, and Cryptocurrencies. PO TRADE currently operates without regulation. It does not provide services to residents of EEA countries, the USA, UAE, Israel, and other specified countries. The full list of restricted countries can be found in Section 11 of the Terms and Conditions.
Pros | Cons |
Wide range of market offerings | No regulation |
No commission on deposits and withdrawals | Unclear fee structure |
Various payment methods | Regional restrictions |
PO TRADE has not been regulated by any notable authorities, which indicates that operating trading on this platform can be risky.
PO TRADE asserts to offer 100+ market instruments such as Forex, Commodities, Indices, Stocks, and Cryptocurrencies.
Trading Asset | Available |
forex | ✔ |
commodities | ✔ |
indices | ✔ |
stocks | ✔ |
cryptocurrencies | ✔ |
bonds | ❌ |
options | ❌ |
funds | ❌ |
ETFs | ❌ |
PO TRADE offers a self-developed trading platform called Pocket Broker Trading, available on web, mobile and desktop.
Trading Platform | Supported | Available Devices | Suitable for |
Pocket Broker Trading App | ✔ | Desktop, Mobile, Web | / |
MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
MT4 | ❌ | Desktop, Mobile, Web | Beginners |
Trading View | ❌ | Desktop, Mobile, Tablets, Web | Beginners |
PO TRADE accepts a variety of payment methods, including 35 E-payments, 39 Cryptocurrencies, 17 Credit Cards, 23 Bank Transfers, 18 Mobile Payments, and 7 Others.
Here are five examples of each payment type.
Payment Types | Methods |
E-payments | FasaPay, Binance Pay, PIX, JazzCash, Easypaisa |
Cryptos | Bitcoin, Ethereum, Tether, Ripple, Cardano |
Credit Cards | Visa, Mastercard (USD), Visa, Mastercard (EUR), Visa, Mastercard (ZAR), Visa, Mastercard (KZT), Visa, Mastercard, Verve (NGN) |
Bank Transfers | SPEI, Wise, SEPA Instant, Revolut, SOFORT |
Mobile Payments | M-Pesa, Airtel, Equitel, Telkom, MTN |
Others | FAST Havale, Nequi, CoDi, QafPay, CashMaal |
In the competitive world of forex trading, protecting the rights and interests of traders is paramount. Unfortunately, there are brokers who exploit traders' trust, leading to significant financial losses. One such case involves PO Trade, a forex broker that has come under scrutiny for allegedly defrauding its clients. This article highlights the experience of a victim, Abdel, who claims to have lost over $115 million in profits due to PO Trade’s unethical practices.
The naira confronts a greater degree of economic reduction than the country has witnessed in recent decades as a result of reduced foreign exchange, dwindling foreign capital, rising political risk, and reported poor performance.
Studies have shown that there are a greater number of Cryptocurrency traders in Nigeria than there are forex traders. This owes so much to the nature of profits derived from both. Many consider cryptocurrency trading more profitable than forex trading given the desire for quick profits which preoccupies the minds of most Nigerian traders. Also, Forex trading requires greater studies and discipline to excel, unlike Cryptocurrency trading which employs the pump and dump approach.
Market volatility is quite an important factor in analysing the behaviour of security prices. The trend changes more often and more rapidly during times of higher volatility.
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