Tradepower has been flagged by Commissione Nazionale per le Società e la Borsa for "General enforcement alerts". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The reporting at Tradepower is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Transparent fees|Fast deposits
Cons: Search feature is basic
For anyone considering Tradepower, please be aware that this company has been flagged by Commissione Nazionale per le Società e la Borsa. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
After seeing ads for Tradepower online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Commissione Nazionale per le Società e la Borsa. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
I want to warn everyone about Tradepower. They have been flagged by Commissione Nazionale per le Società e la Borsa as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
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. Tradepower said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Tax reports included|Social trading features|Demo account available|Good analytical tools
Cons: Would like more payment methods