PowerTrend Review : Fees, Pros and Cons, Reviews by Real Traders

PowerTrend

Operating status: SCAM

Website: https://prtrend.ac https://prtrend.cx/

Broker violations and abnormal records

Jun 08, 2022 Brokersview has Reviewed that PowerTrend is an Unregulated Forex Broker
ProwerTrend claims to be regulated by the Russia International Financial Market Relations Regulation Center (IFMRRC) with reference number: TSRF RU 0395 AA V0175. We searched IFMRRC and found a registered firm named PowerTrend. However, the reference number can not be matched. Besides, please be informed that IFMRRC is an non-commercial organization and does not regulate forex activities. Having registration does not mean having regulation. The truth is that PowerTrend is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

ProwerTrend claims to be regulated by the Russia International Financial Market Relations Regulation Center (IFMRRC) with reference number: TSRF RU 0395 AA V0175. We searched IFMRRC and found a registered firm named PowerTrend. However, the reference number can not be matched. Besides, please be informed that IFMRRC is an non-commercial organization and does not regulate forex activities. Having registration does not mean having regulation. The truth is that PowerTrend is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Oct 15, 2023 The CNMV issued a warning against PowerTrend
On 16 October 2023, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that PowerTrend was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

On 16 October 2023, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that PowerTrend was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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