For those who prefer to invest with the basics, they offer long term binary options as well. There are quite a few one touch options for those who are looking to earn the most they can with this platform.
They also offer the ladder system. This gives us the confidence that PWRtrade has one of the most versatile and diverse binary options platforms and binary option robots we have seen to date.
They offer a variety of assets including 10 commodities, 16 stocks, 30 currency pairs and 15 incides. The entire index appears to be geared towards currency trading.
PWR trade support uses all of the regular methods of communication to which binary traders have grown accustomed. These include a contact form, live chat, email and phone system.
For the purpose of this PWRtrade review, we posted a question on the live chat as we feel this is the preferred method of binary traders.
The help desk staff replied back to us within two minutes and answered our questions politely and efficiently.
The phone numbers for PWRtrade are listed below:. PWRtrade offers a multitude of ways to make deposits or withdrawals. These include the following: We are pleased with the lower withdrawal amount as well as the fact that there is no fee for withdrawals.
As usual, profits must be drawn via bank wire. At first we found this a bit odd, but as the binary option broker does not charge withdrawal fees, they must find ways to make withdrawals the lowest cost possible.
The withdrawal process takes days and the length is dependent upon the type of account for which the trader has registered.
However, as the average withdrawal time in this market, is three business days, we were none too pleased with this time frame. Overall, we are satisfied with the PWRtrade platform.
We feel the customer service is both knowledgeable and quick to respond. We are pleased with the amount of trades that are available on the platform.
We would recommend PWRtrade for anyone who is serious about binary options trading, as there is potential for both new and advanced traders to earn substantial profits if they utilize the system correctly and make smart trades.
English, Arabic Trading Options: Your email address will not be published. We have found out that PWRtrade has shut down their operations.
Look forward to hearing from you. I got the same Problem, I want my Money back. So many People online having the same Problem.
There must be a way! How did it go with the financialombudsman. Expect nothing from the Financial Ombudsman. Binary Options is not recognised as a financial services activity in the UK.
Binary Options is rated as gambling, but is not licensed by the Gambling Commission because rules and procedures are not up to its minimum standards of clarity and integrity.
The best you can do is report your Binary Options firm to Action Fraud, , for unlicensed gambling, but expect no compensation at all.
Company owners and managers extract a good living from Binary Options, but they take great care ensuring their firm has almost no assets: Ownership of any firm is deliberately difficult to establish.
Knock over one Binary Options firm and another one, with the same management but newly disguised identities of owners, is born from the fire before the ashes go cold….
Have tried to make 2 withdrawal attempts, each one was pending for about a week then cancelled, no reason given. Placed a similar comment on a website called iscam, witch gave pwrtrade a 8.
This company is not regulated at this time, so there is no one to complain to. I called UK and Australia office number too but still no use.
This is a scam. Let the world out there know about this thieves. I have now gone onto their page and posted a message. As you say lets get the message out there.
Hi Nick, On 14th I received an email from pwrtrade stating they accepted my withdrawal request and asked me to keep in touch with my credit card company if the fund has been refunded.
I used my credit card to open account. Tomorrow, 18th I shall call my CC company to find out if the money has been returned and shall update here accordingly.
Hope they would refund my money. So I can only able to check with bank to verify the refund. Hi sathiya23, Would you please tell me what you had to get to get the money withdrawn, I have requested but keep calling to keep it for more investment, please help if you can.
Sorry for the late reply. Very seldom I visit this site. Search for Powertrade and under the comments, place some of your best remarks let everyone to know.
Do it frequently until you gets your money back. There is nothing much we can do other then damaging the culprits in this manner. Wish you all good luck to recover your hard earn money.
There is another culprit called UBinary…… their modus operandi is the same as Powertrade. I think this guys are family running business. I also had a terrible experience with PWRTrade.
There was a thief named Edward Barnes, who traded with my money and got fired leaving me a lot of loss. PWRTrade would not take any responsibility for that.
Since November, I have been requesting for returning my money but all I got was just the balance. Matt Lusk in charge of negotiation does not reply to me more than a month now, though he said he would give me future cash release schedule.
He even said to show my bank account when I said I had no money. Matt Lusk in charge of negotiation does not reply to me , though he said he would give me future cash release schedule.
This is the only way to recover the loss. He even said to show my bank account when I said no money. PWRTrade is a very big scam.
I more or less deceived to invest more money than I wanted to do. Got som profit in the beginning. But when I wich to withdraw was I persuaded to make new trades to make more money.
After that all trades where loss. And now all my money is gone and I cant no longer do any withdrawal. Im sure that this is there strategy to embezzle your money.
Yes I could say shit broker. They broke me totally on the deposit! This the letter i mail to Lucrosa. Off course, fail and all that stuff, no domain and shit.
They claim of good profit bla. But pay to PWRtrade! This is a big time platform with many scam trader brokers inside a big pot of worms! Once you deposited your money in their platform account you will have the most difficult time trying to withdraw your money because they would have a trap set up for you in the form of a small bonus.
This is a pure cheap scam they will use on you. I had also a terrible experience with PWRTrade. Jacob and Julian are brokers you must NOT trust.
I have been persuaded and brainwashed to invest very much. At first I trusted J. After half a year with a Gold trading account the convinced me to put all my savings into PWR on a Real estate account.
On their Platform you can read: Our promise to you is that we will secure your funds and we assure you of a safe hassle- free trading.
They deny me to This is only the beginning of my nightmare. Hey, I want to thank each and every one of you for your comments.
I found them just as the representative called me back to confirm my deposit. I ended the conversation with thanks but no thanks. I am far from being a wealthy man and should know better after all the African scams I have worn.
Reading these comments simply woke me up to what I have been told by my own friends. I will take your words for it and leave this one alone.
Hi Gordon, sadly you will never receive your money back. I have just lost money to 2 of these companies. This is a money scam but more so an Identification scam.
Anyone who want to have a say…. Today, their website seems to be down?!?