POWER TRADES has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
POWER TRADES had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Dedicated account manager|Copy trading available
Cons: Spreads widen during volatile periods
I experienced a security concern with my POWER TRADES account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Competitive fees|Reliable uptime|Real-time alerts
Cons: Wait times can be long during peak hours|Charting tools need more indicators
The platform itself is okay, but the customer service at POWER TRADES is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Low minimum deposit|Fast support response|Wide product range
Cons: Account statements could be more detailed
I had high hopes for POWER TRADES from a review site like this one, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Comprehensive tools|Full transparency
Cons: Research section could be deeper
Customer support at POWER TRADES seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Economic calendar|Demo account available|Personal attention
Cons: Nothing significant
POWER TRADES advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Copy trading available|Customizable dashboard
Cons: Onboarding videos are outdated
The onboarding at POWER TRADES was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Excellent charting|Dedicated account manager|Social trading features|API access
Cons: Wait times can be long during peak hours|Could offer more webinars
I invested $1,000 with POWER TRADES after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Comisión Nacional del Mercado de Valores.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. POWER TRADES said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Quick verification|Low minimum deposit
Cons: Wait times can be long during peak hours
If you are reading this considering POWER TRADES - run. I wish I had read more negative reviews through my accountant's suggestion. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Responsive team|Fast support response|Wide product range
Cons: Limited social trading features