Score
TraderPowers
Saint Vincent and the Grenadines|2-5 years| https://www.traderpowers.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
traderpowers.com
Website Domain Name
traderpowers.com
Server IP
104.21.2.240
Company Summary
Note: TraderPowers' official website: https://www.traderpowers.com is currently inaccessible normally.
| TraderPowers Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Stocks, cryptocurrencies, commodities, and forex |
| Demo Account | ❌ |
| Leverage | / |
| EUR/ USD Spread | / |
| Trading Platforms | A distribution of MT5 |
| Minimum Deposit | $1,000 |
| Customer Support | Phone 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
| Pros | Cons |
| None | Unlicensed broker |
| Inaccessible website | |
| Ridiculous minimum deposit requirement | |
| No MT5 available |
Is 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 Instruments | Supported |
| 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 Options | Details |
| Phone | +44 203-828-2469 / +1 416-907-9059 / +61 272574019 / +34 930301892 |
| support@traderpowers.com | |
| Online Messaging | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | First floor, first St. Vincent Ltd Building James Street, Kingstown, St. Vincent and the Grenadines |
The 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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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