Abstract:Founded in 2013, Power Trading is a forex broker registered in Australia, offering trading in forex, precious metals, crude oil, and indices with flexible leverage of 1:100-1:400 and floating spreads on the MT4 platform.
Power Trading Review Summary | |
Founded | 2013 |
Registered Country/Region | Australia |
Regulated | ASIC |
Market Instruments | Forex, precious metals, crude oil, indices |
Demo Account | / |
Leverage | 1:100-1:400 |
EUR/USD Spread | Floating around 19 |
Trading Platform | MT4 |
Minimum Deposit | / |
Customer Support | Tel: +852 90190106 |
Email: admin@powertradingltd.com | |
Address: level 1, 9 queen street Melbourne VIC 3000 | |
Twitter, Facebook, Instagram, YouTube | |
Regional Restrictions | The United States, Japan, Canada, Iran, etc. |
Founded in 2013, Power Trading is a forex broker registered in Australia, offering trading in forex, precious metals, crude oil, and indices with flexible leverage of 1:100-1:400 and floating spreads on the MT4 platform.
Pros | Cons |
Regulated by ASIC | Regional restrictions |
Various trading markets | Limited info on account features |
Flexible leverage | Limited payment methods |
MT4 platform |
Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
Australia | Australia Securities & Investment Commission (ASIC) | Regulated | POWER TRADING CAPITAL LTD | Straight Through Processing (STP) | 426800 |
Trading Instruments | Supported |
Forex | ✔ |
Precious Metals | ✔ |
Crude Oil | ✔ |
Indices | ✔ |
Other Commodities | ❌ |
Stocks | ❌ |
Cryptos | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Power Trading offers two account types, Standard account and ECN account. The broker claims that spread on the ECN account is floating around 0.0 pips.
Power Trading offers flexible leverage, ranging from 1:100 to 1:400. Please note that high leverage can amplify not only profits but also losses.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Mac, PC, iOS, Android | Beginners |
MT5 | ❌ | / | Experienced traders |
Power Trading accepts deposits and withdrawals via bank transfer. However, specific info like deposit and withdrawal processing time and associated fees is not revealed.
Regulatory compliance, transparency, and trustworthiness should always come first when we choose a forex broker. Unfortunately, many traders fall victim to unregulated brokers or poorly monitored platforms that put their funds at risk. In this article, we’ll highlight several brokers with low WikiFX scores and serious complaints from traders worldwide. If you’re looking for a safe trading environment, you should be extremely cautious with the following names.
Failed to receive unlimited leverage as promised by QuoMarkets? Witnessing higher slippage and a subsequent drop in your trading account balance? Does the forex broker withhold your profits? These have become typical of the way QuoMarkets runs its operations. In this article, we have exposed the forex broker on all these points. Keep reading different QuoMarkets reviews.
Have you gone through a scam in your forex trading account balance with Nostro? Do you witness constant server downtime and losses thereafter? Has the customer support team been unresponsive to your queries? Many forex traders have faced these issues and therefore criticized the broker on review platforms. In this Nostro review article, we have pointed out their specific concerns that were not addressed by the India-based forex broker. Keep reading!
Galileo FX is a trading robot that runs on platforms like MetaTrader 4 and MetaTrader 5. Check its regulation and decide if it’s a good choice for your investment or not?