Additionally, the trading instruments offered by Power Trend may vary depending on the trading platform you choose to trade with. Learn more 67% of retail investor accounts lose money when trading CFDs with this provider. The broker does not delay the withdrawal of funds, everything is as fast as possible.
You will need to provide some basic documentation to prove your identity as part of Power Trend onboarding and normal KYC identity Foreign exchange reserves checks. These checks are standard practice and help Power Trend provide a safe financial environment for their 50,000 users.
Power Trend Experience Test
Under Technical Analysis, traders will find trading recommendations in a brief but quality format. A video section exists with a daily market briefing, though the last update is from May 2020. And I started by chance, because I took a risk when the going got tough. It has been working in the industry for more than twenty years. The broker also offers to copy trades but I prefer to trade manually and in this regard the broker absolutely suits me. I’ve been trading in financial markets for a long time.
All in all, Power Trend is a very good online trading brokerage to deal with. Power Trend Investments not only provides its offerings and services to traders on Mac and Windows PC’s but also caters to traders on the move. This is thanks to dedicated mobile apps that can be downloaded directly from Apple’s App Store for iOS users and Google’s Play Store for Android users. The company offers two mobile apps for traders to utilise, including an MT4 mobile trading platform and an MT5 mobile trading platform. The mobile apps from Power Trend will give traders access to view their full trading history, the ability to trade directly from the charts and the capability to utilise pending and market orders. They further allow for the option to trade on either the demo account or real accounts. The overall mobile trading experience is smooth, fast, reliable, and extremely easy to use, regardless of where you are situated in the world.
Power Trend Is A Scam, Isnt It?
By utilising this new technology, traders will be able to monitor Master Traders, a group of industry experts, and view their trading statistics and results. All traders have the potential to become Master Traders when they register a Master Account and will be able to earn additional income for successful trades. Power Trend provides trading in contracts and forex for different CFD’s, such as futures, stocks, currencies, and commodities on eur both the MT4 and MT5 trading platforms. Power Trend is also a registered company with several regulatory authorities within the UAE, United Kingdom, Italy, Spain, Germany, Romania, and Bulgaria. Power TrendBel, which is a subsidiary of the company, has also managed to acquire a Belarus National Bank license in 2016. This seems to me the most important thing, that here that traders here feel most confident and can perform any task quickly.
Power Trend does not offer bonuses or promotions to clients. It appears one was available before the 2018 ESMA crackdown. Presently, Power Trend maintains only a rebate program as part of its VIP package to clients with deposits above $50,000. The CySEC is the sole regulator of Power Trend, which operates under the uncompetitive ESMA framework. An investor compensation fund exists, client deposits remain segregated, and negative balance protection applies. While Power Trend shines with its in-house research, the educational section remains well behind that of competitors.
The Ways Of Partnership With Power Trend
If trading currency pairs is of interest to you then Power Trend offer over 60 currency pairs. At the time of writing this Power Trend review, and despite Power Trend’s impressive offering, the company has surprisingly not garnered any other awards to date. Power Trend, as a business, has a strong collection of rules for ensuring honest trading onto its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer . This Power Trend review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
After losses on a demo reached more than 50% I quit my trading. I was pleasantly surprised changes that have taken place in Power Trend. There are a copy scammed by prtrend trading solution, refunding part of spreads and accumulating bonuses as a bank deposit now. I completed the learning again and opened the real account.
From here, the broker serves traders all over the world, with the usual exception of residents of the US, Canada, and a few other countries. I chose it because I wanted to try sync-trading for a long time.
For instance, they are required to maintain net tangible assets of a minimum of €730,000 to verify their financial stability. They prtrend scammers are also required to keep client funds in segregated accounts which should be separate from the operating funds of the company.
- NDD account holders have spreads from as low as 0.8 pips and commissions of 0.007% per contract size on some assets.
- Then I came back and tried binary options, but it didn’t work.
- We recommend you making use of negative balance protection.
- The reason why I started trading with this broker was very banal.
- Also, financial regulators of Ukraine and some other countries have issued warnings about Power Trend operating without the license.
- This way, you can test all types of trading accounts without opening a real account.
The conversion fee will depend on the money you are opting 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 benefits are what sets Power Trend ahead of the rest of the online brokers.
Financial Conditions For Copy Trading On Power Trend:
Downloading the software onto a computer or mobile device is relatively simple, and doesn’t require any specialist knowledge. And we’ve already discussed the virtues of the MetaTrader platform on numerous occasions, so instead we’ll look at the social trading option Power Trend have called ‘Synchronous Trading’. To participate there is a link on their website, and once clicked on you are taken to a dedicated site. Once there you can see the trading results and statistics of a group of successful traders that Power Trend have called ‘Master Traders’. In order to diversify your risk you can choose a number of Masters, picking the most suitable strategies and copying their trades.
It’s expected to keep evolving, providing traders with more unique opportunities. On the Internet Power Trend has a variety of reviews, but it is worth noting that most of them are positive. Traders respond well about the convenience of working on the website and in the platform. They also add that the broker gives an opportunity to earn real money and mention beneficial terms of cooperation and interesting services. All of this once again proves the seriousness of the company, testifies to its reputation and success. The functional platform 100% justifies its huge popularity with today’s traders, as its cutting-edge capabilities make trading not just easier and more convenient, but also more profitable.
Power Trend made efforts to ensure our queries were answered. We tried the livechat experience with Power Trend and it works well. We have sent messages through the Power Trend livechat via their app and web site and recieved a response in less than 20 seconds. Power Trend has a wide variety of over 221 instruments available for you to trade with. Power Trend acknowledges the significance of owning a fast order execution.
There are services for those who trade independently and who want to invest. For me, it was essential to find a broker with a good reputation. And if you also worry about the reliability of the company, trading becomes a challenge. It’s a broker with experience and reputation confirmed by many clients.
Power Trend competitors also offer their customers MT4 and MT5, but both Power Trend and RoboForex offer a bigger choice. In particular, Power Trend provides access to three additional platforms Retail foreign exchange trading – Libertex, WebTrader and Rumus. The broker targets new technologies in trading and in addition to classic services, also offers proprietary ones – R Trader и R Web Trader.