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

TraderPowers

Operating status: SCAM

Website: https://www.traderpowers.com/

Broker violations and abnormal records

Oct 13, 2022 The Swiss FINMA Added TraderPowers into Its Warning
On 14 Oct 2022, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning that TraderPowers was not entered in commercial register. You may visit: https://www.finma.ch/en/finma-public/warning-list/traderpowers/

On 14 Oct 2022, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning that TraderPowers was not entered in commercial register. You may visit: https://www.finma.ch/en/finma-public/warning-list/traderpowers/
Oct 17, 2022 BrokersView has Reviewed that TraderPowers is an Unregulated Forex Broker
TraderPowers claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the broker's office is located in Switzerland. So we searched the Swiss Financial Market Supervisory Authority (FINMA) but found the regulator issued a warning that TraderPowers was not entered in commercial register.
The truth is that TraderPowers is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

TraderPowers claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the broker's office is located in Switzerland. So we searched the Swiss Financial Market Supervisory Authority (FINMA) but found the regulator issued a warning that TraderPowers was not entered in commercial register.The truth is that TraderPowers is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Dec 11, 2022 BrokersView has found that TraderPowers is not working
BrokersView found the domain "https://www.traderpowers.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://www.traderpowers.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
Nov 29, 2023 The UK FCA issued a Warning against TraderPowers
On 27 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TraderPowers was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/traderpowers-wwwtraderpowersio

On 27 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TraderPowers was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/traderpowers-wwwtraderpowersio

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