Power Trading Forex Broker

Power TradingReview SummaryFounded2018Registered Country/RegionAustraliaRegulationASICMarket InstrumentsForex, precious metals, oil, and CFDsDemo Account✅Leverage1:1 - 1:400EUR/USD SpreadSTP Account: from 1.9 pipsECN Account: from 0 pipsTrading PlatformMT4Min Deposit$100Customer SupportTel: +852 97999878Email: admin@powertradingltd.comRegional RestrictionsUS, Japan, Canada, Iran 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 ConsPros Cons Regulated wellRegional restrictionsDemo accountsUnknown payment optionsFlexible leverage ratiosMT4 providedIs Power Trading Legit? Yes, Power Trading is regulated by the Australia Securities and Investment Commision (ASIC).Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.Australia Securities and Investment Commission (ASIC)RegulatedAustraliaAppointed Representative (AR)001307402What 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 TypeMin DepositMax LeverageEUR/USD SpreadSTP $1001:400From 1.9 pipsECN $5,0001:300From 0 pipsLeverage 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 PlatformSupported Available Devices Suitable forMT4✔Web, desktop, mobileBeginnersMT5❌/Experienced traders