Author: Harry Napier
PowerTrend Review
Fraudulent online entities disguised as forex brokers gave forex trading a bad name – the primary reason why many investors are afraid to try new names in the brokerage scene or those that just came out of nowhere.
PowerTrend, being an emerging brand in the brokerage industry, is subject to this dilemma, and mind you, there would come Prtrend reviews circulating online claiming they were scammed by PrTrend, accuse PrTrend cheating, or even PrTrend scam tagging, and the list goes on.
For this reason, we are bringing you this article, a PrTrend rezension, to enlighten you about the forex broker PowerTrend and its brokerage service. This will also serve as your guide to PowerTrend’s offerings, trading conditions, and everything you need to know about the broker. In essence, this article will help you decide whether PowerTrend is a ‘go’ or a ‘no’ for you.
PowerTrend Regulation & Safety of Funds
In this day and age, a broker without a regulatory certification is almost always associated with scams. Hence, the importance of having a certification of regulatory supervision has been emphasized now more than ever for all brokers; and PowerTrend is no exemption. Now the question: Is PowerTrend regulated? We, the review team, conducted thorough research and scrutiny of the broker. Based on the PrTrend official site, the broker is supervised and regulated by IFMRRC, a non-commercial organization that acts as a regulator of brokers, dealing centers, and entities taking part in the financial markets.
Though this certification is enough proof that PowerTrend is a legitimate broker, the firm can build up its reputation as an honest broker by gaining regulatory certifications from top-tier financial regulators. Nonetheless, a certification from an existing regulatory body is still a way to assert the firm’s legitimacy of its business operations.
Aside from being certified by a regulatory body, PowerTrend integrated several security measures to secure the trading transactions held in the platform and trading system provided by the broker.
More specifically, in order to secure client funds and transactions, PowerTrend:
- uses Secure Sockets Layer (SSL) applications and improved firewalls to keep data safe during transmission;
- utilizes Level 1 PCI accredited foreign payment service providers to handle financial transactions; and
- employs SSAE 16 accredited datacenters to house all trading servers.
With these safety measures set in place, PowerTrend clients are assured of the safety of their funds and that investing with the broker and making a PrTrend login is completely safe. Scrap labels such as “PowerTrend scammers”, “PowerTrend scam” because forex broker PrtTend is real and is here to stay.
PowerTrend Trading Conditions and Offerings
PowerTrend provides a refined forex trading environment filled with advantageous trading conditions to help you thrive in the financial markets. A PowerTrend login will give you access to:
- more than forty-five forex pairs
- five-days-a-week trading
- decent leverages
- tight spreads
- zero commission fees
Aside from these favorable conditions, PowerTrend goes ahead full throttle to provide you all the necessary support to help you win your trades. That is why the broker offers a dedicated personal analyst to assist you during your trade transactions, a hundred trading tools to equip you with sound information entering the markets, access to research materials to help you build trading strategies, ideas, and approaches, special promotions to reward you and boost your motivation in trading, and advanced trading platforms to facilitate a smooth sailing trading transaction whenever, wherever.
Account Offerings
Moreover, PowerTrend offers four account types in Mini, Standard, Gold, and Platinum accounts. Each account type has its set of accessible features and tools. The trading capital ranges from $500 to $35,000. This range is relatively expensive, however, compared to other account types offered by other brokers. Some brokers even offer zero minimum deposit trading accounts.
In terms of spread, the EUR/USD pair starts at 2.5 pips for the Mini, 2.0 pips for Standard, 1.7 pips for Gold, and 1.0 pips for Platinum. The leverage level is up to 1:200 for all account types.
Funding Options
Let us also consider the funding methods facilitated by the broker. PowerTrend offers three deposit and withdrawal methods to its users: bank cards (debit and credit), cash replenishment at the bank’s desk, and bank transfer.
Using bank cards, traders will have to keep in mind that the minimum fund transfer amount is $10 and the maximum is $5000. There are no commissions for deposit and withdrawal transactions for this method while the withdrawal request can take up to five days.
For cash replenishment, there are no limits for transferring funds but the minimum is also set at $10. There are also no commissions for deposit and withdrawal transactions.
Choosing bank transfer, transferring funds minimum and maximum is the same as the card replenishment method. Bank commissions apply for deposit and withdrawal transactions, and withdrawal requests can take up to five days.
PowerTrend Trading Platforms
PowerTrend offers two diverse trading platforms: an industry-standard and a sophisticated unorthodox. These are in the forms of the MT4 platform and the xCritical platform.
Familiarity-wise, the Metatrader platform is the way to go since it is the most popular and most widely-used platform around the world. Its intuitive interface and user-friendly design are its best quality. With over eighty built-in indicators, along with other trading functionalities such as Expert Advisor and Autochartist, MT4 is an easy choice among traders as it accounts for convenient and smooth trading transaction.
On the other side of the spectrum, xCritical brings in sophistication with its advanced trading features and functionalities. It offers a brand new trading environment and offers a more technologically aided trading transaction. xCritical boasts its ability to be integrated with other xCritical solutions that provide extra trading assistance and functionalities.
These trading platforms provide mobile trading as well, with their mobile app versions available on iOS and Android devices. Hence, both these trading platforms are viable, making this aspect of the brokerage service of PowerTrend a step ahead of other brokers who just offer the popular or their proprietary platforms.
Client Testimonials
I am a newbie in the Forex trading game and had been more than apprehensive about launching trades, let alone trusting a brokerage to help me through my trading endeavours. PowerTrend helped me dispel my misgivings about the activity as it had assisted me greatly through all my transactions. Sure, there were initial losses, but then, I am assured by the broker that I am in safe hands.
– Julia Ramos, Forex Trader
I have been a trader of multiple assets for years and if there is one thing that you need to consider and think over multiple times before deciding on is the brokerage you would be enlisting. Honestly, I had doubts with PowerTrend as it is a new broker. But I was surprised of the way the broker conducted its business. It is client-centric, the broker makes sure that its customers are cared for and given the best trading conditions through its many trading tools. I am really satisfied how things turned out with PowerTrend.
– Norman Greene, Businessman
Conclusion
After careful deliberation of the broker’s services, offerings, and amenities, we now say that PowerTrend is a recommendable broker. In the sea of brokers in the market, PowerTrend has able to set itself apart from no regulatory affiliation-brokers as the Prtrend website clearly stipulates its IFMRRC certification.
On a different level, the broker is also set apart in terms of platform offering and safety measures in place for trading transactions.
This PowerTrend rezension has also shed light on maligning issues such as “PrTrend scammers”, “PowerTrend cheating” and some potential PowerTrend reviews saying they were scammed by PowerTrend.
Hence, make no mistake by going to PowerTrend official site and make your first PrTrend sign in. Visit now the PowerTrend website and discover your chances in trading profitably.
