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PwrMarkets is a platform that claims to be trading. However, no evidence proves the firm is investing. The entity is only trying to defraud innocent people. Ironically, they do not even attempt to prove their legitimacy. The scheme has inadequate information about their trading.
Before depositing your hard-earned money into any scheme, you should first check whether the venture has a license. In the case of this dirty broker, they do not even leave out information that is worth noting. The registration section is similar to other fraud schemes. Nonetheless, this entity states it has over 200 tradable assets.
There is a high possibility that the fraudsters behind PwrMarkets are the same ones running PwrCoins. There are several similarities between the logos and the name. These schemes are also operating in offshore areas. The people that are responsible for these ventures are unknown.
The financial body of Geneva FINMA does not authorize the company to collect funds from public members. The company does not mind the law and their only intention is to steal from as many naïve clients as possible. Never test the waters with a rogue investment venture.
Instead, find a genuine forex investment company that is transparent. Your money is secure with a reputable firm, and you will sleep soundly knowing that the sound. The market is volatile, and you need a reliable firm to trade with.
PwrMarkets is offering trading bonuses to investors. Clients need to note that ventures that offer such incentives tend to be unreliable and scams. There are also severe requirements that traders must meet for them to cash out funds. Unfortunately, this is not going to happen in this scheme, as you must attain a certain turnover.
The broker also clearly outlines that every bonus insertions are final. The platform is offering these lucrative upon registration. The company claims it has been able to attain financial success due to its intuitive trading platform. However, this is another bluff as the firm only avails a shady platform.
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The market is volatile, and only the leasing and prominent trading companies survive and offer reasonable trading results to clients. Some of the features that the PwrMarkets brags with are fast withdrawal and deposit. The entity also states it has personal account managers, but they do not highlight their qualifications.
Another thing that the firm claims to have is customized analysis tools and advanced graphs and charts. Unfortunately, this is only a marketing strategy, as we did not see these features. The company state it segregates funds yet leaves no tangible information of the financial institutions that they use.
Clients should also note that their data is at high risk of being manipulated if they invest with the entity. Avoid this broker at all costs. There are better trading and reliable platforms that provide the best trading experience.
The advertised leverage is 1:5, which is high for the cryptocurrency. The entity is pushing traders to more risks. The platform only has a web-based interface. The trading conditions of the entity are not ideal, and we do not see any advantage-awaiting traders in this dirty firm.
PwrMarkets has five trading accounts. The Basic with a 40% bonus, Bronze 40%, Silver 60%, Gold 80%, and Platinum 100%. All the accounts have a 24/6 support, daily market overview, live trading webinars, daily analysis video, price alerts, and an educational center. Other perks are advanced signals available for the top-tier accounts.
PwrMarkets is a platform that provides insufficient information regarding the deposit and withdrawal requirements. Therefore, we are not aware of the payment methods that are available for investors. It is most likely that the company will present shady options upon registrations that limit customers from issuing a chargeback.
Additionally, the broker also leaves no information showing the minimum amount that traders should deposit. This is basic information that investment entities have no problem availing information. The firm only reveals that the withdrawal process takes 5 days.
We do not know if there are applicable fees. The problem with offshore schemes is that they will leave you high and dry. No withdrawal is processed, and clients count their losses and move on. This is a scam that you should not test the waters with.
The company seems to be operating from the British Virgin Islands. This is an offshore location that has a financial regulator that oversees the investment firms. Unfortunately, this platform claims to have offices in this country, yet they are not on the list of licensed firms. The firm is dangerous. The address of the firm also indicates they are operating in Switzerland.
The country has tough measures for companies collecting funds from the public for investment purposes. PwrMarkets does not adhere to the rules but violates them. Traders are not going to get fund safety from this scheme.
Stay away from discreet platforms. It is the watchdog requirement for every broke to conduct their businesses in full transparency. The account management qualification must be presented to the agencies. Additionally, the broker must also submit their opening and closing orders. It helps to ensure there is no price manipulation.
The regulatory bodies also urge platforms to deposit a certain amount of funds in their name. Therefore, the venture cannot misuse funds. You can also receive compensation in case of insolvency. The trading conditions of a regulated company are ideal.
PwrMarkets fails to reveal their operation area. The venture expects traders to verify their personal details, yet it lacks the decency of being transparent. The office address that the broker avails is featured here for transparency purposes.
It will be hard for the client that tries to trace down the scheme. This is because nobody knows where this platform is operating. The email and phone calls that customers make will go unanswered. To be on the safe side, stick to transparent entities that are reputable and have nothing to hide.
Offshore companies lack enough funds to hire a professional support team. Their salespersons are the ones that act as the support. You are better off without them. The firm’s domain is also new as the company has not been in the industry for over one year.
Ironically, this entity does not have a client review yet. They claim to have the best trading platform. It would help if you looking for a platform with clients’ feedback to know what you are signing up for before investing.
There are genuine companies that are transparent, and investors leave behind their experience. Be wary of marketers that receive fat commission after referring new clients to a dirty scheme. They only aim at misleading innocent investors
Investors that join this venture need to understand that they are trusting the wrong entity. PwrMarkets is a platform that nobody knows their deposit or withdrawal requirements. These are delicate details that every firm should be transparent about. They offer a web-based platform that lacks desirable and top-notch features compared to the MetaTrader.
Trade with confidence by using the best-licensed forex trading entities in the market. These firms comply with the strict regulatory rules in the market. They also provide a conducive trading environment for investors. Try them today!
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