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Power Trading

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Operating status: SCAM

Website: https://powertradingltd.com/

Broker violations and abnormal records
  • 2024-04-17 BrokersView has reviewed that Power Trading is an unregulated broker

    According to its website, it is registered in Hong Kong. Upon investigation, no matching information was found in the Securities And Futures Commission(SFC).

    In essence, Power Trading is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Power Trading appears to be a scam.

    According to its website, it is registered in Hong Kong. Upon investigation, no matching information was found in the Securities And Futures Commission(SFC).In essence, Power Trading is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Power Trading appears to be a scam.

Related Complaints

Q&A

Is Power Trading safe?

Katja Filipowicz
Brazil
2024-04-20
ANSWER No, Power Trading is not a secure option for investors.While it purports to be registered in Hong Kong, the company is not operating within the regulatory framework enforced by the Hong Kong Securities and Futures Commission (SFC). Neither the trade name "Power Trading" nor the alleged company name "Baolong Securities" can be found on the SFC register.An unregulated forex broker carries risk, as there are no legal protections in place to ensure regulatory compliance and safeguard investors' interests. Therefore, we strongly advise investors to steer clear of unlicensed brokers like Power Trading. It is wise to consider fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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