PO TRADE: customer reviews on the company’s performance in 2023
Scammers often hide behind the honest facade of companies, promising customers an innovative trading experience. However, in reality, they only take money from users and then disappear without fulfilling their promises. One of such suspicious players is PO TRADE, which we discuss in this review. Here you will find the results of the analysis of legal documentation and commercial offers. We also provide reviews from real users to help draw informed conclusions.
What is known about PO TRADE?
According to the official version, PO TRADE was founded in 2017 by a team of IT and FinTech specialists with the aim of making trading accessible and convenient for everyone. The company presents the following statistical data:
- 100 thousand users,
- geographical coverage – over 95 countries,
- average trader income – $850,
- trading volume – $500,000,000.
These numbers look impressive, but how accurate are they? Checking with the specialized service whois showed otherwise. The po.trade website was registered in 2019 and remained inactive for a long time. It seems that scammers recently purchased this domain and adapted it to their needs.
The only means of contact is a phone number. However, upon verification, it became clear that it belongs to the well-known intermediary Pocket Option.
Furthermore, PO TRADE completely copied the website of a real broker. Information about the company’s top managers was not found. Like many other suspicious organizations, PO TRADE preferred to remain anonymous.
Legality of activities
There are no legal documents on the PO TRADE platform confirming the legality of the broker services provided. According to official information, the brand belongs to PO TRADE LTD from Saint Lucia. The website states that the organization is regulated by MISA and CRF. An offshore license was obtained, but it was issued recently. Considering that MISA does not impose serious requirements on financial institutions but merely takes money for the license, PO TRADE had no problems obtaining the document.
Regarding the CRF certificate, several facts should be considered. Firstly, the application turned out to be fake. Secondly, it is an illegal regulator with many negative reviews about it.
Trusting PO TRADE is like simply giving money to scammers. They have no intention of fulfilling their obligations. Such fraudsters do not have a license, so they have nothing to lose.
Income opportunities from PO TRADE
PO TRADE attracts newcomers with the opportunity of a demo account and risk-free training. However, the platform lacks a detailed description of tariff plans for assessing benefits. Currently, the following is known:
- educational account with 10,000 virtual USD,
- free education (strategies, instructions, videos, etc.),
- signals and indicators,
- regular bonus rewards,
- zero commissions,
- partner program with rewards up to 80% of the deposit of the invited user,
- social trading opportunities,
- 100+ trading assets,
- variety of payment methods (50+ options).
Reviews online raise doubts about the honesty and reliability of this brokerage company. Users complain about problems with both trading and financial discipline.
Customer reviews
There are already reviews about the fraudulent company PO TRADE. People share their cooperation stories and try to warn others about financial risks.
If you have also become a victim of these scammers, please share your experience with others. Pay attention to the methods of deception used and whether you were able to recover your funds.
Fraud scheme
PO TRADE attracts newcomers with generous bonuses but hides the terms for their wagering. The user, expecting good earnings and a successful start, finds themselves faced with a simulation of the trading process. Scammers aim to keep the victim on the hook for as long as possible. When the client tries to withdraw their remaining funds from the account, they start demanding bonus wagering. The platform’s requirements are excessively high, putting the user in a difficult position.
Comprehensive verification results
We are confident that PO TRADE is a fraudulent company engaged in personal enrichment. If you have fallen victim to these scammers, contact professional lawyers as soon as possible to try to recover your funds through the chargeback procedure. There are chances for a successful payment return.
PO TRADE in 2023 delivered consistent service with room for improvements in communication and platform updates.
I am extremely disappointed with PO TRADE’s professionalism and efficiency as a broker in 2023. The lack of prompt responses and poor communication greatly hindered my trading experience. I found that their trading platform was consistently fraught with technical glitches, leading to losses on several occasions. Additionally, their customer service was invariably slow to respond to problems, often leaving me in frustrating situations without any assistance. To add to the grievance, the lack of transparency in fees was also a significant drawback of my experience with PO TRADE. Overall, I found their service to be subpar and would not recommend it for serious trading.