Powered Consultancy (Poweredconsultancygroup.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +61 8 6375 7207, +44 20 8068 8058
Addresses: Hardturmstrasse 3 Zurich Switzerland This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: poweredconsultancygroup.com.
If you are reading this considering Powered Consultancy (Poweredconsultancygroup.com) - 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 over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast deposits|Market news feed|Great customer service|Fast support response
Cons: Spreads widen during volatile periods
I gave Powered Consultancy (Poweredconsultancygroup.com) a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Wide product range|Easy withdrawals|Reliable uptime|Educational resources
Cons: Currency conversion fee exists|Wish they had more educational resources
The so-called education at Powered Consultancy (Poweredconsultancygroup.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past year and a half thinking they would help me learn.
Pros: Educational resources|Transparent fees|Clear documentation|Dividend tracking
Cons: Inactivity fee applies after 12 months|No fractional shares
Do not be fooled by the professional-looking website. Behind the scenes, Powered Consultancy (Poweredconsultancygroup.com) is disorganized and incompetent. I found them from a blog post comparing services and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Dividend tracking|Customizable dashboard|Detailed reporting
Cons: None so far
I referred a friend to Powered Consultancy (Poweredconsultancygroup.com) after hearing about them at a conference. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Great customer service|Fast support response|Good analytical tools
Cons: Nothing significant|Would like more payment methods
I have been trying to close my account with Powered Consultancy (Poweredconsultancygroup.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Educational resources|High security standards|Multi-device support
Cons: Spreads widen during volatile periods|Mobile app could be improved
The only good thing about Powered Consultancy (Poweredconsultancygroup.com) is that they remind you why regulation matters. I found them from a review site like this one. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Personal attention|Wide product range|Comprehensive tools
Cons: Inactivity fee applies after 12 months
I lost a significant amount because Powered Consultancy (Poweredconsultancygroup.com) 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: Easy to use platform|Wide product range
Cons: Slow to add new assets|Withdrawal takes 1-2 business days
I closed a profitable position at Powered Consultancy (Poweredconsultancygroup.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Low minimum deposit|Competitive fees
Cons: Charting tools need more indicators
My withdrawal request from Powered Consultancy (Poweredconsultancygroup.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Clear documentation|Easy to use platform|Tax reports included
Cons: Withdrawal takes 1-2 business days