Power Trend Review Is It A Safe Broker Or Scam 2021 Update

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Specific opening and closing hours vary depending on the item traded, however, they often run throughout the week, with cryptocurrency trading volumes peaking over the weekend. During some bank holidays, the Power Trend Group operates on a modified schedule.

Power Trend scammers

Power Trend MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. Access your Power Trend MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets. MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005.

Trading Conditions & Minimum Deposit: On The Account, It Comes

Price analysis and simple trade management are both possible with the WebTrader platform. Users may utilize a variety of indicators, including Bollinger Bands and pivot points, as well as a simple forex pip calculator. WebTrader also supports well-known techniques like one-minute hedging and scalping. Power Trend Group was established in 2001 and has since grown to become a worldwide brand with international companies and regulatory licenses in the United Kingdom, Australia, Cyprus, and across Europe. The company employs over 200 people, has over 213 active customers, and has a market capitalization of over 36 million euros.

Regulation gives you some recourse for those who have issues with Power Trend. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent. Having any money you deposit with Power Trend means that your funds forex analytics are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Power Trend goes out of business for some reason. If Power Trend violate any regulatory rules their regulated status could be stripped. Having a reliable and capable broker is crucial to your success in online trading.

Power Trend scammers

Qualitative materials are available for training and support is provided by professional analysts. Given these characteristics, we can say confidently that working with Power Trend today is profitable and comfortable. Today the company’s services are used by more than 94,000 traders around the world, and the volume of transactions per month reaches about $50 billion. Don’t believe anyone who tells you it’s easy to make money with something like ”20% gain per month”. It’s pure nonsense becauseForex & CFD trading requires a lot of screening time, education, patience, and quick wits to become profitable. But if you dedicate your time and learn how to trade properly, you might achieve an additional source of income. At the end of the day, if you are considering using a Forex robot, then treat it like a business rather than an emotional decision.

We believe that Power Trend has an acceptable quality for trading. Despite the above, we believe it is a good idea to take a look at another high-quality broker such as Plus500. First of all, don’t hand over any money, gifts, or even meet in person with anyone you don’t know personally not only in case of a romance scam but Power Trend fraud.

Other Fees

Power Trend also provides a one-of-a-kind suite of volatility management solutions. These tools may assist you in minimizing the risks of slippage, agency execution, and market gap situations. These features are fantastic additions for experienced traders, which is why prtrend cheating Power Trend was named Best MetaTrader Broker in 2020. Before anything else, we would like to clarify that MTrading is an endorsed partner of Power Trend. All the services of Power Trend Ltd., which you have been using earlier, are now offered through MTrading.

If you are in a relationship with someone you have never met in person, they are using these lies to develop trust. If the scammer can get you to believe his lies, they will probably ask you for money. Many people don’t actually realize how much money they have lost in romance scams because they were trying to believe that it was love that caused them to hand over money. Don’t give away your personal details to someone you don’t fully trust. Be suspicious of brokers who don’t provide you with a writtenrisk disclosure statement.

Power Trend scammers

However, please note that the first 2 withdrawals every month are free. Support was very quick to respond and answered all questions without any fuss.

Power Trend Trading Platform Options

Let’s overview the process of configuration for your Power Trend trading accounts. Although the MT5 has not gained the same success as the MT4, it is an improved version of MT4. The MT5 offers enhanced order management capabilities, real volume-traded data, multiple features, a wider list of technical indicators, a faster and secure connection and more.

This broker provides safe, secure and regulated trading for casual traders and skilled professionals alike. Power Trend shows an extensive arsenal of exclusive features and trading tools. Many online CFD brokers like AvaTrade and Plus500 Foreign exchange market will find their success in offering exclusive features or platforms, and Power Trend is one of these brokers. Some of the unique features offered by Power Trend include the Admiral.Invest, Pro.Cashback and volatility protection.

Power Trend scammers

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices. Adaptive Divergence Convergence – Much like MACD however useful at shorter lengths and provides more timely signs. You can trade a wide variety of instruments with Power Trend over 148 instruments infact.

How Do I Withdraw Money From Power Trend?

If you have lost money with Power Trend, any other broker or simply want to find out more about another broker, speak to our experts. We advise clients and can help them file a persuasive claim against scam brokers. With investigative reports and guidance, we can help you on the way to retrieving your funds. If Power Trend suddenly reveals there are fees for withdrawals when this wasn’t written anywhere on the website or in the contract, you can be suspicious of them. If there is transparency about fees, spreads, and commissions, you may notice they are high compared to the industry standard. To find out what the acceptable range is for fees, commissions, and spreads, you can do some research on the web or talk to our experts. Our trading-scam.com experts have investigated Power Trend and have found some reasons to pause and look carefully before signing up.

Power Trend scammers

Power Trend is mainly a MetaTrader forex broker, providing the MetaQuotes Software Corporation’s array of platforms, as well as premium features including its MT4 Supreme and volatility protection tools. Over fifty forex pairs and CFDs, over 400 ETFs, over twenty commodities, forty indices, over thirty cryptocurrencies, and two bonds are among the almost 4,000 products offered by the firm. MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. MultiTerminal doesn’t support Automated Trading scripts like Expert Advisors. Andorid mobile devices and tablets are used by millions of people globally. The Android Power Trend MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Is My Money Safe With Power Trend?

For the other two account variants a isminimum sum of 1,000 Euro provided. But not only in this point, the trading accounts for differences, the spreads vary from model to model. Starting at the Power Trend variant of the trade from 0, 8 pips, the trading in the other two modelsstarting at 0, 2 pips or even from 0 pipspossible. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company.

Power Trend scammers

When choosing a broker like Power Trend the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. If you are interested in trading with Power Trendin any capacity please take the time to read and research the whole Power Trend review. This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects.

The trading applications supply a trading simulation to assist finetune trading strategies using lot-sized calculators, analyzing strategies and also full charting features. We advise all investors and traders to avoid Admiral-Markets and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Power Trend and XM.com.

This is to confirm where the money has come from; this could be savings, lottery win, employment etc. One of the most common negative experiences with forex brokers is withdrawing from them. This is a very simple, yet wildly reportable problem with many brokers and their feedback. All of the security elements with the trading platform are recorded under the monetary security department. forex As stated by the Financial Services Compensation Scheme , a maximum reimbursement number of 50,000 could be paid to customers in case of fiscal difficulty with the brokerage. The trading programs offer you powerful methods to the energetic environment of Forex trading. By way of instance, MetaTrader 4 includes advanced trading functionality using iron-clad security.

Power Trend offers a wide selection of cryptocurrencies, both as crypto vs fiat pairs and crypto crosses . Spreads are again a highlight of this section, floating at 2.1 for BCH/USD and 52 for BTC/USD, at the time of writing. Considering that some brokers charge spreads of over 150 for BTC/USD, Power Trend is very competitive in this department and definitely worth checking out if you are looking to trade CFDs on crypto. On the other hand, and in order to offer greater security, the accounts with the money from clients are segregated. This means that managers and owners of the broker cannot directly handle the money and funds from clients. In doing so, and in the event of company bankruptcy, the money will be kept in these separate accounts so it is even more protected. Therefore, given that it is impossible to know whether there will be a problem in the future, we do believe, generally speaking, that it is a serious and reliable company.

Traders may access Trading Central signals, the Dow Jones News calendar, and Acuity Trading mood widgets via Power Trend Premium Analytics. Fundamental and technical analysis material, heat maps, and Elliott Wave Analysis are among the other tools available. Power Trend is one of the few brokers that power trend scammers provide both the MetaTrader 4 and MetaTrader 5 platforms. Traders may trade on their preferred device thanks to a mix of downloadable programs for Mac and Windows. Power Trend now offers Android and iOS mobile applications, making it simpler to keep track of and execute transactions while on the go.