The Power Invest: company reviews in 2022
Reviews of The Power Invest in 2022
The Power Invest claims that with its help, everyone can become a successful trader and make profitable deals. However, there are certain doubts about the honesty of this company’s statements. The organization claims to have four years of experience, yet there are no reviews about it on the Internet. Such a lack of reviews usually occurs only when a broker misleads clients about its extensive experience. Let’s look at the signs that indicate The Power Invest may be a second-rate intermediary.
What is known about The Power Invest?
The Power Invest actively advertises and makes ambitious plans for the future. On their platform, they present not only a roadmap dating back to 2019 but also impressive statistics:
- 190,000 accounts,
- 500,000 daily transactions,
- 200+ trading instruments,
- $90 million trading volume.
We used the specialized service whois to verify the authenticity of this information. It turns out that The Power Invest website has only existed since the end of August 2022. Stories about long-standing experience are a myth. Experience in reviewing shows that such false claims are often made by financial scammers who have no intention of fulfilling their obligations to clients.
What do legal documents say?
The Power Invest brand is managed by Rate Ltd. According to information, this company is registered in Singapore. The platform also lists a legal address. However, after we checked it via Google Maps, it turned out that other organizations are located at that address.
There is no information about senior management, and the documents contain completely unsubstantiated terms. However, particular concern arises from the fact that Rate Ltd already has a stain on its reputation. There are numerous negative reviews about it, as a few years ago, it created a pseudo-broker called IsRate, which deceived many people. Obviously, these scammers simply decided to rebrand and return to the financial markets under a new name to continue deceiving people.
Trading conditions
The Power Invest promises free access to trading terminals (web version and mobile version) for CFD trading on currency pairs, stocks, indices, precious metals, etc. There is no demo account, and the minimum loss threshold in this scam project is $10,000. The choice is limited to several types of accounts, with key features:
- minimum deposit – from $10,000 to $100,000,
- maximum leverage – from 1:40 to 1:400,
- market execution,
- personal manager,
- various additional services in different account packages.
Based on reviews of the previous Rate Ltd project, the company does everything possible to attract clients to a large investment sum. However, when it comes to profit withdrawal, they find various excuses.
Reviews of The Power Invest
There are almost no reviews of The Power Invest yet, as the project is new. It is enough to study real clients’ comments about their previous partner to understand the risks associated with cooperation with this dubious broker. All reviews are negative.
How do they lure newcomers to the platform?
The Power Invest tries to gain traders’ trust by creating the illusion of successful trading. The client believes they can earn with this intermediary and increases the trading volume. Once the client stops making new deposits, scammers find a reason to block their account. For example, they may claim to have detected suspicious activity in the client’s account. Access to the account will be closed, preventing the withdrawal of funds.
Independent review
The Power Invest has made it onto our blacklist as a typical fraudulent broker that fails to fulfill its obligations. The company sets a high entry threshold, aiming to extract maximum profit before the truth about it becomes known. If you have encountered the actions of these scammers, please share your experience with others. Honest reviews will help people avoid mistakes and protect their finances.