Returns

95%

License

None

Minimum Deposit

$250

Traders from accepted!

PWRtrade Review

Visit Website
PROS
  • Spot Option Platform
CONS
  • No financial license
PWRtrade Deposit & Withdrawal Methods
credit cards debit cards wire skrill
PWRtrade Broker Information
BROKER INFO
  • Founded:
  • Company:
  • Incorporated:
  • License:
  • Platform:
  • Minimum Deposit:
  • Minimum Withdrawal:
  • Returns: 95%
  • Minimum Trade:
  • Demo Credits:
Option Types
  • High/Low, Pairs, One Touch, Ladder, Forex
EXPIRYS
  • 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
MOBILE APPS
  • iPhone, iPad, Android

About PWRtrade

Returns

95%

Minimum Deposit

$250

Visit Website

PWRtrade is a recently launched broker offering traders a comprehensive binary options package with the opportunity of maximising their profits with a wide range of tradable assets. Designed for traders across the spectrum, the PWRtrade trading platform empowers all its users to become successful traders.

PWRtrade uses the latest version of SpotOption’s cutting-edge trading platform which is the leading platform on the market thanks to its fast and flawless performance. Once on the platform, traders can choose from a long list of option types including Binary options, Pairs, Long Term, Speed (60 Seconds), Ladder and One Touch options along with Forex trading. PWR also offers the PWRFollow social trading feature which is becoming increasingly popular and allows traders to follow the trades of others. Returns are up to 85% which is fairly standard in the industry. With its large range of stocks, indices, commodities and currency pairs to choose from, PWRtrade traders have everything at their fingertips to achieve their financial goals.

Opening an account with PWRtrade is a simple and speedy process and can be done in a matter of moments by completing the form on the website. The minimum deposit required to open an account is $250 and payments can be made via various methods including credit card, debit card, wire transfer, Carte Bleue or WebMoney.

PWRtrade perceives knowledge to be power and in this respect, it provides its traders with an excellent education centre which includes trading articles and insights, seminars, videos and one-to-one training which are there to assist traders in making the right trading decisions every time. Furthermore, its professional and courteous multi-lingual customer support is always on standby to field traders questions via email, live chat, and telephone whenever the markets are open. The website is currently available in English and Arabic with more languages to come as they continue their expansion.

Overall, PWRtrade seems to have all the necessary ingredients to become one of the leading binary options brokers. With a user-friendly platform and expansive range of tools and features on offer, they are a newcomer which has a lot of potential and looks set to capture a large share of the market.

PWRtrade History

PWRtrade is a new binary options broker which opened in 2015. It is headed by a team of online financial service consultants who set out to provide traders with an exciting and fulfilling trading experience. PWRtrade believes that previous financial expertise is not necessary to become a binary options trader, just the correct tools, an eye to predict the movement and fluctuation and the best platform available. Its mission is to deliver this package to all its clients so that they can go on to become successful traders.

PWRtrade is owned and operated by GN Capital Ltd, Majuro, Marshall Islands with processing services being provided by GNUK Capital Ltd, London, England. As PWRtrade is a new broker, it is not yet licenced or regulated by CySEC but they have said they are reported to be in the application process.

PWRtrade Bonus Terms & Conditions

PWRtrade offers periodic rewards and bonuses to new and existing customers. These may be limited in time and scope and subject to various conditions. In order to withdraw funds from an account that has been credited with a bonus, traders are required to execute a minimum trading volume set by the PWRtrade. Currently, any bonus withdrawal is only possible after the client has achieved a volume of 20x the deposit plus the bonus amount. In addition, any bonus withdrawal is subject to verification in accordance with the company’s terms and conditions. In the event the client wishes to withdraw funds before the required volume is achieved, the bonus and profits will be deducted from the client’s account and the account will be charged with a fee equal to 30% of the total deposit. All funds will be returned to the bank account, credit card or other source from which the funds were debited. Profits will be refunded via wire transfer only when the amount exceeds $100.

PWRtrade Withdrawal Terms & Conditions

Making a withdrawal with PWRtrade is simple. In order to request a withdrawal, traders need to fill in the withdrawal form that can be found under “My Account” and “Withdrawal” on the website. Once a withdrawal form is submitted, it can take up to 3 business days to approve and process the request and up to 5 business days for the funds to show in a trader’s account. Traders wishing to make a withdrawal are required to submit certain documents for verification purposes including photo ID, proof of residence and evidence of payment.
Funds deposited by credit card can be withdrawn to the same card only with the minimum withdrawal amount via credit card being $100. A wire transfer withdrawal can be done for profit purposes only or for those accounts which were invested using a wire transfer method. Wire transfers are subject to a commission of $25.

PWRtrade Demo Account

PWRtrade does not offer a demo account.

PWRtrade Scam Watch

Although it is early days for PWRtrade since it has only recently launched itself into the binary options market, initial impressions look good. With a short history and little to go by in terms of user testimonials, it is too early to say if they are a scam. PWRtrade doesn’t offer anything over and above the main players in the industry but this should not be perceived as a negative point as at least there are no inflated claims on their website. We believe that PWRtrade is a legitimate binary options broker and although they are not yet regulated, we have been informed that a CySEC application has been made. In the meantime, we urge traders to proceed carefully if they choose to invest with them at this early stage.

PWRtrade Mobile App Review

PWRtrade has developed a mobile trading app for both iOS and Android smartphones and tablets. The apps are 100% free to download and install and are safe and secure, delivering a world-class mobile trading experience wherever a trader happens to be 24/7. Mobile trading with PWRtrade offers traders all the benefits of trading with a world-class platform directly from a mobile device. Once trades are initiated on the app, they can be executed at the click of a button.

PWRtrade’s mobile trading app is designed to make it easy for traders to sign up, login to their account, choose their preferred financial instrument and place call or put options at their leisure. Traders who trade binary options on the go can now have complete peace of mind that their trades will be executed to specification.

Start trading with

PWRtrade Trade Now