Broker's review content

Broker's details

7.8
  • PWRTrade

  • Bonus: up to 100%
  • Options Payout:
  • Rating: 7.8 / 10
Broker Name: PWRTrade
Platform: SpotOption
Founded: 2015
Bonus: up to 100%
Return/Refund: 75-85%/ 0%
PWRTrade Overview
No. Of Assests: 80+
Regulated:   No
Demo Account: No
Minimum Deposit: 250
US Traders:   Not Accepted
Read Users Reviews

PWRTrade Review

PWRTrade is a new broker located in the Marshall Islands. Their address is GN Capital Ltd, 75518 Trust Company Complex, Marshall Islands. Phone number is 44 203 670 531, email support@pwrtrade.com, or live chat. An additional address, GNUK Capital, 20-22 Wenlock Rd, London, England is a holding company registered at a virtual office for the purpose of payment processing.

 

Is PWRTrade A Scam?

It does not look at this time like PWRTrade.com is a scam. It looks to me like a new broker trying to meet the requirements of CySEC and the MiFID. I’ve been wrong before and this one could prove me wrong but until then I think I like this one.

 

Check out our Recommended Binary Options Brokers

 

Editor’s Note – Why does PWRTrade Suck in 50 words

PWRTrade might suck because it is really new and has yet to establish a reputation. It is also not regulated although the scuttlebutt is that they are in the process of applying. I might add that it is just another SpotOption platform, but it’s the first of this new breed so that isn’t the same issue it is with other brokers.

 

Why PWRTrade doesn’t Suck in 50 Words

The broker is pretty new, built on the latest SpotOption platform and appears to be operating legitimately. The website has a great look, all the information is easy to find and the platform features are the best available.

 
 

Should I Open an Account with PWRTrade?

One of the things that stands out on the site, aside from the really nice look, is that they go to great lengths to make all relevant information easy to find with assurances of transparency.

The broker is built on the latest SpotOption incarnation and aside from a spiffy new look the features are just about identical to previous versions. They support short and long term trading with expiry ranging from 30 seconds to 6 months. They have high/low, one touch, ladders, CFD and SpotFollow. The asset is quite large, way larger than the average trades, and covers all the top and heavily traded assets including forex, indices, commodities and stocks. The biggest difference is in the layout, which I really like.

 

Check out our Recommended Binary Options Brokers

 

PWRTrade Ratings

Ease Of Use/User Friendly – 18/20

These guys score high on this rating in their first review. Information is easy to find and complete, all my questions were answered satisfactorily. Only 3 languages available at the moment

 

Number Of Assets And Expiry – 18/20

I have to score this one high as well, it is SpotOption after all so there are a large number of assets with expiry spanning the range between 30 seconds and 6 months.

 

Commissions, Support & Effective Return – 17/20
They score well in this category too, with some points reduced due to an average return in the 75-85% range. There are no commissions and support is pretty good. Support can be reached through the phone, email or live chat.

 

Deposit, Payments & Bonus – 15/20

Deposit has a minimum of 250. They score a little lower here because they only have CC and wire transfers as deposit methods. Withdrawals can be made to eWallet but there are some limits. Basic withdrawals take 7 business days but higher level account holders can cut this down to 3 days. Bonus terms are average, 20X deposit + bonus with no withdrawal until terms are met.

 

Website Extras 10/20

Well, there’s nothing really extra about PWRtrade. All the regular spotoption stuff.

 

PWRTrade Overall Ratings: 78/100

Check out our Recommended Binary Options Brokers

 

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: -3 (from 9 votes)