Power Trading Forex broker specializes in providing foreign exchange trading services, the company's official website https://crm.powertrading.world/#/user/register?code=PmJeRegSC, the company's legitimate regulatory information AustraliaASICStraight Through Processing(STP),AustraliaASICAppointed Representative(AR), to enhance the security of the company's address UNIT 225-22 2/F MEGA CUBE 8 WANG KWONG ROAD KOWL OON BAY KL.
Power Trading Forex Broker
Basic information
Australia
2-5 years Regulated in Australia Regulated in Australia Straight Through Processing(STP) Appointed Representative(AR) MT4 Full License Regional Brokers High potential riskCompany profile
Power Trading was founded in 2018 in Australia, under the regulation of the Australia Securities and Investment Commision (ASIC). It uses MT4 as its trading platform, and offers trading services related to the forex, metals, oil, and CFD markets. However, this company does not provide services to customers in the US, Japan, Canada, and Iran.
Pros and Cons
| Pros | Cons |
| Regulated well | Regional restrictions |
| Demo accounts | Unknown payment options |
| Flexible leverage ratios | |
| MT4 provided |
Is Power Trading Legit?
Yes, Power Trading is regulated by the Australia Securities and Investment Commision (ASIC).
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Australia Securities and Investment Commission (ASIC) | Regulated | Australia | Appointed Representative (AR) | 001307402 |
What Can I Trade on Power Trading?
Power Trading provides trading on forex, precious metals, CFDs, and oil.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Precious Metals | ✔ |
| Oil | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Power Trading provides 2 types of accounts: STP Account and ECN Account. Moreover, a demo account is also available.
| Account Type | Min Deposit | Max Leverage | EUR/USD Spread |
| STP | $100 | 1:400 | From 1.9 pips |
| ECN | $5,000 | 1:300 | From 0 pips |
Leverage
Power Trading offers flexible leverage ranging from 1:1 to 1:400. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.
Trading Platform
Power Trading uses MT4 as its trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Rating Index
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Latest Reviews
Dung Le
Hong Kong
MT4 platform is intuitive, and their educational resources helped me improve my trading skills
Positive
2024-07-19
Ricardo Lim
Netherlands
Haven't had any problems with withdrawals, but it takes a few business days to process.
Neutral
2024-07-10
二哥
Taiwan
I have previously reported to the real-name reporting platform. I made a profit of $4000 on the platform, but my withdrawal request has not been reviewed. The next day, my backend and account were banned. The platform sent me an email asking me to submit the account statement for deposit and proof of my income. I submitted them as requested by the platform. I also requested the platform to provide me with my order records. However, the platform did not reply to me the next day and forcibly refunded my principal. They also did not reply to my emails. I request the platform to refund me the profit portion.
Exposure
2024-09-25