Powered Consultancy Group has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I lost a significant amount because Powered Consultancy Group did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Regular updates|Multi-currency support|Good analytical tools|API access
Cons: Limited demo account features|Alert system is basic
The spread at Powered Consultancy Group is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Economic calendar|Good mobile app
Cons: Wish they had more educational resources
After for roughly four months with Powered Consultancy Group I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Clear documentation|Tax reports included
Cons: Desktop app not available on Linux|Minimum deposit could be lower
The onboarding at Powered Consultancy Group 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: Comprehensive tools|Great customer service|Good analytical tools|Regular platform improvements
Cons: Search feature is basic