Company Summary
| Power Trading Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Australia |
| Regulated | ASIC |
| Market Instruments | Forex, precious metals, crude oil, indices |
| Demo Account | / |
| Leverage | 1:100-1:400 |
| EUR/USD Spread | Floating around 19 |
| Trading Platform | MT4 |
| Minimum Deposit | / |
| Customer Support | Tel: +852 90190106 |
| Email: admin@powertradingltd.com | |
| Address: level 1, 9 queen street Melbourne VIC 3000 | |
| Twitter, Facebook, Instagram, YouTube | |
| Regional Restrictions | The United States, Japan, Canada, Iran, etc. |
Founded in 2013, Power Trading is a forex broker registered in Australia, offering trading in forex, precious metals, crude oil, and indices with flexible leverage of 1:100-1:400 and floating spreads on the MT4 platform.
Pros and Cons
| Pros | Cons |
| Regulated by ASIC | Regional restrictions |
| Various trading markets | Limited info on account features |
| Flexible leverage | Limited payment methods |
| MT4 platform |
Is Power Trading Legit?
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Australia | Australia Securities & Investment Commission (ASIC) | Regulated | POWER TRADING CAPITAL LTD | Straight Through Processing (STP) | 426800 |
What Can I Trade on Power Trading?
| Trading Instruments | Supported |
| Forex | ✔ |
| Precious Metals | ✔ |
| Crude Oil | ✔ |
| Indices | ✔ |
| Other Commodities | ❌ |
| Stocks | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Power Trading offers two account types, Standard account and ECN account. The broker claims that spread on the ECN account is floating around 0.0 pips.
Leverage
Power Trading offers flexible leverage, ranging from 1:100 to 1:400. Please note that high leverage can amplify not only profits but also losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mac, PC, iOS, Android | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Power Trading accepts deposits and withdrawals via bank transfer. However, specific info like deposit and withdrawal processing time and associated fees is not revealed.
携子之手
United States
Everyone, beware of the broker Power Trading!! I deposited $2000 six months ago and cannot withdraw my profits. They even deleted my account.
Exposure
二哥
Taiwan
I have previously reported to the real-name reporting platform. I made a profit of $4000 on the platform, but my withdrawal request has not been reviewed. The next day, my backend and account were banned. The platform sent me an email asking me to submit the account statement for deposit and proof of my income. I submitted them as requested by the platform. I also requested the platform to provide me with my order records. However, the platform did not reply to me the next day and forcibly refunded my principal. They also did not reply to my emails. I request the platform to refund me the profit portion.
Exposure
Dung Le
Hong Kong
MT4 platform is intuitive, and their educational resources helped me improve my trading skills
Positive
Ricardo Lim
Netherlands
Haven't had any problems with withdrawals, but it takes a few business days to process.
Neutral
Broker43330
New Zealand
Power Trading offers a robust platform with a wide range of tools that are great for both new and experienced traders. Their customer service is responsive and helpful, providing quick solutions whenever I've faced an issue. However, I've noticed that their spreads can be slightly higher compared to other brokers, which might be a consideration for cost-sensitive traders.
Neutral
Allen Wu.
Belarus
Yours spreads are unreasonably too huge on other pairs. It makes it virtually difficult to trade.
Neutral