TraderPowers Forex Broker

Note: TraderPowers' official website: https://www.traderpowers.com is currently inaccessible normally. TraderPowers Review Summary Founded2022 Registered Country/RegionSaint Vincent and the Grenadines RegulationUnregulated Market InstrumentsStocks, cryptocurrencies, commodities, and forex Demo Account❌ Leverage/ EUR/ USD Spread/ Trading PlatformsA distribution of MT5 Minimum Deposit$1,000 Customer SupportPhone and email TraderPowers offers forex trading. But it can be listed as a dangerous broker due to unregulated status. Besides, their website is not available.Pros and Cons ProsCons NoneUnlicensed broker Inaccessible website Ridiculous minimum deposit requirement No MT5 availableIs TraderPowers Legit? Trader Powers operates without any regulatory oversight, posing a risk to its clients' funds. Furthermore, Trader Powers does not offer a reliable trading platform to its clients, indicating a fundamental failure typical of many offshore brokers.What Can I Trade on TraderPowers? TraderPowers offers trading in stocks, cryptocurrencies, commodities, and forex. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices❌ Cryptocurrencies✔ Stocks✔ ETFs❌ Bonds❌ Mutual Funds❌Account Type TraderPowers offers the VIP, Platinum, Gold, Silver and Bronze accounts. They charge high minimum deposits of $250,000, $100,000, $25,000, $10,000 and $1,000 respectively.Trading Platform TraderPowers has distribution of Metatrader 5 available. However, this is not a distribution that is branded by Trader Powers – it belongs to some Stockton. Therefore, trading on it will have no bearing on your account with Trader Powers.Deposit and Withdrawal TraderPowers accepts crypto and wire transfers only – both methods are not eligible for a chargeback and thats why brokers like Trader Powers use them.Customer Service Contact OptionsDetails Phone+44 203-828-2469 / +1 416-907-9059 / +61 272574019 / +34 930301892 Emailsupport@traderpowers.com Online Messaging❌ Online Chat❌ Social Media❌ Supported LanguageEnglish Website LanguageEnglish Physical AddressFirst floor, first St. Vincent Ltd Building James Street, Kingstown, St. Vincent and the GrenadinesThe Bottom Line In a word, traders can avoid trading with TraderPowers. There is a very high minimum deposit. Besides, it does not openly reveal its trading conditions. What's worse, no any regulations currently,FAQs Is TraderPowers safe? No. It might be a scam. Is TraderPowers a good for beginners? No. Is TraderPowers good for day trading? No.