04 Дек. Power Trend Review 2021
The brand was established in Russia in 1998 but has expanded its operations to a global reach. Today, Power Trend boasts of more than 2 million clients from over 150 forex analytics countries. I felt that Power Trend wasn’t a good broker and wanted to withdraw my money from their platform altogether and headed to their website to withdraw money.
Power Trend is an established broker with a global client base, range of flexible trading platforms, investor accounts & trading tools. However, regulation could be improved as could the number of trading instruments offered. When you register for either a demo or a live account with Power Trend INTERNATIONAL, it is necessary that we collect some personal data from you for business purposes. «Power Trend» was one of the first Forex organizations in CIS, one of the oldest and largest brokers in the world. The broker provides active introduction of innovations, professionalism of employees, trading of not only binary options but also Forex and CFD. They boast a large number of satisfied customers around the world, positive reviews, and prestigious awards. Power Trend offers the MT4, MT5 & Mobile trading platforms which are the best industry standard platforms for traders.
What We Like About Power Trend
The company’s UK entity entered insolvency on January 19, 2015, following heavy losses trading the Swiss franc against the euro. In April 2015, the company’s US NFA membership was revoked, preventing them from offering their services in the United States. Per established industry standards, an online application handles new accounts. The form merely asks for the trader’s name, country, e-mail, phone number, and password.
Power Trend International became a market leader in emerging and frontier markets, as evident with its excellent payment options, including local currencies and alternatives. This broker fails to provide research, and the educational section remains below average. Power Trend International has more potential than what it presently offers but remains a competitive choice for many retail traders, nonetheless. While Power Trend International does maintain an educational section, the available content is scarce and fails to provide significant value to new traders. The Forex Trading Webinars section is empty, but the Beginners Guide to Trading grants a brief introduction to the fundamentals of Forex trading. Unfortunately, the design of the page is not user-friendly. With its multiple color variations with nearly every scroll, it takes away from the content and makes reading it unpleasant.
Electronic Communication Network Ecn Account For Mt4 And Mt
Adaptive Divergence Convergence – Much like MACD however useful at shorter lengths and provides more timely signs. You can download the Power Trend app or also trade with Power Trend through the MetaTrader 4 application on the Apple app store. You can trade a wide variety of instruments Foreign exchange reserves with Power Trend over 50 instruments infact. Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf. The Power Trend platform is available to use on multiple devices including and online through a Web Browser.
The required starting deposit is not so high, and even in the promotional periods can often be only a few dozen dollars. At the same time, «Power Trend» specialists train inexperienced traders, and trading signals are issued to all interested customers absolutely free. Power Trend offers a range of deposit and withdrawal methods for the convenience of traders. Many of these methods are quite easy to use for Nigerians, including local bank transfer. The MetaTrader 5 platform is the advanced version of MetaTrader 4.
The ‘Power Trend invest’ app is an Android and iOS app that was designed by Power Trend to help investors to manage their investment portfolio. This app is all encompassing as it can virtually do everything on the Power Trend network.
Power Trend Education
Once you have informed Power Trend, they will add your funds to your trading account within 24 hours. This is a very unique offering by Power Trend (app is available for both iOS & Android) that gives you up-to date information of all their investment offering. With Power Trend Invest app, investors who don’t have the time to build or manage their portfolio can invest in Forex through PAMM accounts. Exinity Group, which is the parent company of Power Trend & FXTM is licensed with FSCA, CMA, FCA. Power Trend also has local offices & account managers in Lagos & Abuja. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Power Trend is a multiple award-winning broker that has been around for many years.
Conduct your analysis of the managers, choose, and invest. Power Trend International products and services are available to residents of over 150 countries.
Power Trend Withdrawal Fees
It can easily give a client an idea of how much his investment is worth in his local currency. All clients undergo a compulsory verification using Know Your Customer procedures. When logged into ‘MyPower Trend’ clients’ forex analytics area, new clients are asked to provide a ‘proof of identity’ and a ‘proof of address’. If the manager achieves a positive trading result, the investor makes a profit, paying out a percentage of this to the manager.
The power trend cheating contains several articles on forex trading. There are articles introducing newcomers to forex trading by explaining certain basic terms. There are articles on forex trading strategies, technical indicators and trader psychology. There is no proper training academy that has structured lessons arranged according to trader levels.
The back office of Power Trend International includes a section for deposits and withdrawals. The account name on the payment processor and that of the Power Trend International account must be identical. Power Trend International neither provides in-house research nor does it source research from third-parties; market commentary on a company blog is equally unavailable.
You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. All commission-free accounts are available with the MT4 trading platform, while traders may select between the MT4 and MT5 in the commission-based ECN account. The MT4 infrastructure remains priceless, but clients must invest in upgrades.
Power Trend MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge. An account inactivity fee is a fee charged to the registered brokerage client. Power Trend require a minimum desposit of 1 GBP/USD/EUR when opening an Power Trend trading account. Power Trend are able to accommodate various levels of traders whether you are experienced or a beginner.
- Power Trend is overseen by the top tier financial regulators Financial Services Authority Saint Vincent and the Grenadines so can be considered a good broker.
- Trading on the financial markets with Power Trend is not a get rich scheme.
- I funded my account with my visa card and decided to try out their PAMM accounts.
- Have you lost your money while trading on Forex, Binary options or Cryptocurrency and still looking for a refund?
- The courses will teach you not only the basics of the foreign exchange market, but also methods of analysing it and how to avoid common pitfalls.
- The account name on the payment processor and that of the Power Trend International account must be identical.
What Power Trend are able to offer, what countries Power Trend are available in. Spreads aren’t the best but comission costs surely make up for it especially on ECN accounts. Withdrawal and deposits aren’t the quickest especially via bank transfer and could 100% do with a visa prtrend official site transfer option but i have made both deposits and withdrawals many times with no issues. 30 euros tranfer fee can be a bit steep for small time forex traders which luckly i am not. Slippage isn’t always great during high impact news times but more than acceptable.