PWRTrade Broker Scam Scheme Review: Fraud Reviews
Review of the suspicious scam scheme of the broker PWRTrade: user opinions on dishonest behavior
There are a significant number of companies offering trading services, but not all of them adhere to honest business practices. Some, including PWRTrade, abuse the trust of traders, especially newcomers, persuading them to invest large sums of money and then not returning these funds. According to user reviews, the company PWRTrade has already deceived numerous clients. This article provides a review of the CFD and forex broker pwrtrade.co, exposing the methods of its potential deception.
Exploring the PWRTrade website
The company makes efforts to get users to register. For unregistered visitors, only a shortened version of the pwrtrade.co website is available, containing minimal information: “Home”, “Contacts”, “Privacy Policy”, “Withdrawal and Bonus Policy”, “Trading Terms and Conditions”. The content of all presented documents is in English, which creates inconvenience for Russian-speaking users, although the company is oriented towards them. Customer reviews indicate the broker’s desire to create confusion.
Evaluation of the trading platform
There is insufficient information about the broker on the website, but the firm boasts its trading terminal, offering trading with CFD contracts on various assets such as currency pairs, cryptocurrencies, and stocks. PWRTrade provides various tools and indicators for technical analysis, as well as the ability to trade on different timeframes.
Trading conditions on pwrtrade.co
The broker PWRTrade sets a minimum deposit of 250 USD and a minimum bet of 25 dollars. Traders claim that the company deliberately sets high bars to accelerate clients’ budget losses. The broker does not provide access to market reviews, limiting clients’ choice of assets. The profitability on pwrtrade.co is 89% of the bet.
Deposit and withdrawal methods on pwrtrade.co
It is possible to open an account in dollars, euros, or British pounds, but deposits and withdrawals are only made in USD, with a commission for currency conversion. PWRTrade accepts payments only from Visa or MasterCard cards, offering a bonus for deposits up to 100%. The minimum withdrawal amount is 100 USD, with transfers within 5-7 days, subject to possible “additional checks”.
Documentation on pwrtrade.co
The lack of information on licensing on the pwrtrade.co website and the unclear location of the company raise suspicions among clients. In addition, the broker does not provide investment advice, reserving the right to cancel a deal due to violations of terms or technical reasons. The lack of clarity creates additional risks for clients.
Final thoughts on PWRTrade
PWRTrade is clearly not a trusted and honest broker. It is recommended to be cautious about working with this company, as withdrawing your funds may be complicated or even impossible. It is important to always check for a license and study the platform’s operating conditions before investing funds.
Author: Ivan Andrienko