PWRtrade is a well-known and acclaimed brand in the world of options trading. Founded by a team of expert market analysts and trading consultants, this broker distinguishes itself from all others thanks to its very interesting features. These mainly have to do with versatile, cross-platform trading interface which includes various trading modes and assets. In addition, PWRtrade also offers various banking methods, custom-tailored account packages and an extensive educational resources repository. Although it may seem like a fantastic offer, you just can’t be sure if you don’t try it for yourself. That’s what we did – using a series of complex, thorough tests and analyses, we wanted to find out is PWRtrade a scam or a perfectly reliable broker. And to be honest, the results came as a bit of a shock to us. Read our comprehensive article and discover if it’s really safe to trade with this company!
Is PWRtrade a Scam? | Fund allocation
In order to truly test PWRtrade security, the first thing we decided to do was to check the banking options offered by the broker. Right from the start, we were astonished by the number of methods at our disposal. It’s all there – credit cards, bank transfers and e-wallets ranging from Skrill and Sofort to GiroPay. The minimum amount required to open an account is 250$, which is pretty much the standard in this industry. The great thing is that these methods are available for PWRtrade Withdrawal as well, so you have the freedom to choose your favorite method for each money transfer. However, bear in mind that withdrawals amounting to more than 100$ will be processed using wire transfer. Also, the broker may need up to 7 business days to deliver the money to you, so don’t worry if your funds are not momentarily visible in your bank account. We tested all of the aforementioned banking methods for both withdrawals and deposit and are happy to say that all our requests were processed and accepted without any problems. So, is PWRtrade a scam when it comes to banking? Judging by our experience, definitely not. But are there some other ways a PWRtrade scam can occur? Stay with us and find out!
Is PWRtrade a Scam? | Security and compliance
Now that we’ve analyzed the banking methods, it’s time to look for traces of security issues by testing the broker’s safety protocols. Fortunately, our tests have proven that PWRtrade has a secure website, completely immune to all kinds of threats. There are several reasons why this is so. All sensitive pages are kept safe thanks to a very strong SSL encryption, so your personal information will always be encoded and unavailable to anyone else. Furthermore, deposited funds are always kept in a segregated account, separate from the company’s own resources. That way, your money will remain intact regardless of what happens with the broker, and you can rest assured that no one will confiscate your earnings. Due to PWRtrade’s anti money-laundering policy, only one account is allowed per person, and it can be controlled only by one person. This makes sure no one can access your trading account but yourself. And finally, compliance measures require that you provide personal documents prior to making your first withdrawal. These include proofs of identity, residence and payment, which is considered to be a standard procedure among highly secure brokers. We honestly can’t find any evidence of PWRtrade fraud here, but is the situation the same for other features? What about the company’s trading platform? Read on!
Is PWRtrade a Scam? | Trading Interface
Trading platform is every broker’s dominant feature, so it has to be completely legit, without any suspicious behavior or unrealistic asset prices. We conducted numerous test trades to see whether PWRtrade platform work properly, and the results were once again great. SpotOption is the software in charge of everything here, and if you know anything about binary options, you know that this is currently the most reliable trading software in the world. All available assets are divided into sub-categories, so that it’s easier for you to find the one you want to trade with. You can choose between eight different trading modes, ranging from standard ones like Pairs and Long Term to more exotic ones like Ladder. Forex platform is present as well, and the Follow feature will enable you to track and mimic trades placed by well-respected traders. All of these trading modes function absolutely flawlessly, with a constant stream of fresh data coming your way (courtesy of Reuters), so you will be able to enjoy trading here with absolutely no worries. More information about trading platform can be found in our PWRtrade Review 2017 article, but there is still one more important thing we have to check. Is the broker’s support on the same high level?
Is PWRtrade a Scam? | Education and Support
All available educational materials are grouped in a repository named PWRtrade Academy. Here you will find many interesting resources that will surely boost your trading skills. In-depth courses cover both beginner and advanced strategies, while video materials deal with basic trading principles and platform features. You’ll also be able to learn all about social trading and economics here. Finally, three different e-Books containing valuable information about binary market, advanced strategies and platform principles are also available. All materials are of top quality, so this is a perfect place to broaden your knowledge and a great proof of how seriously this broker approaches its clients. In addition, PWRtrade support team has also proven itself to be highly skilled in solving all our requests and capable of answering all our questions. This can also tell us a lot when it comes to checking is PWRtrade a scam, and they can be contacted via email, phone, chat and contact form, with all communication channels working perfectly. As a matter of fact, our inquiries were processed and responded to in a matter of minutes every single time.
Is PWRtrade a Scam? | Conclusion
So, is PWRtrade a scam? As you can see, our analysis has clearly proven that this broker is legit and safe to trade with. All analyzed features are of exceptional quality, and they surpass other brokers’ offers in many respects. Therefore, we can only recommend that you open a free trading account now and start trading with PWRtrade. You will be delighted with the trading experience and you will never have to worry about any security issues.