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PowerRich

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Operating status: SCAM

Website: https://powerrichmarket.com/

Broker violations and abnormal records
  • 2023-08-07 BrokersView has reviewed that PowerRich is an unregulated broker

    The website of PowerRich has become inaccessible without any prior notice. This is a significant indicator of a scam, as legitimate brokers always maintain their websites prominently to display essential information and facilitate trading.

    Even if the PowerRich site were still available, it would remain an unregulated broker. It is only registered with the Marshall Islands Registry (IRI), a privately held maritime and corporate registry service provider. The IRI is not authorized to issue licenses for or regulate forex trading activities. Therefore, mere registration with the IRI does not equate to financial authorization.

    In essence, PowerRich is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard these funds.

    Therefore, it is unequivocal that PowerRich is a scam.

    The website of PowerRich has become inaccessible without any prior notice. This is a significant indicator of a scam, as legitimate brokers always maintain their websites prominently to display essential information and facilitate trading.Even if the PowerRich site were still available, it would remain an unregulated broker. It is only registered with the Marshall Islands Registry (IRI), a privately held maritime and corporate registry service provider. The IRI is not authorized to issue licenses for or regulate forex trading activities. Therefore, mere registration with the IRI does not equate to financial authorization.In essence, PowerRich is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard these funds.Therefore, it is unequivocal that PowerRich is a scam.