PWRtrade Review

PWRtrade

* Ranked #97 of 97 in DailyForex's top broker list

Info

Name : PWRtrade
Website : pwrtrade.com
Established : 2015
Country : Marshall Islands
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Variety of Account Classes
  • Social Trading Tools
  • Mobile Platform

Disadvantages

  • Unregulated
  • No Demo Account
  • Proprietary Platform Only

PWRtrade Review

PWRtrade Review

PWRtrade, founded in 2015, is a binary option broker domiciled in the Marshall Islands. It is owned by GM Capital which is based in Bulgaria. A PWRtrade review summarizes this binary options broker as providing an innovative platform that offers traders more than 120 assets for trading in indices, equities, commodities and currency pairs on major financial markets. The company services all markets and uses an excellent web-based trading platform.

PWRtrade Review

Accounts

There are five different account types to choose from at PWRtrade. The Bronze account can be opened with a deposit of as little as $250. $2,000 is sufficient to open a Silver account which comes with a bonus of 50% and 5 risk-free trades of $100 each. The Gold account can be opened with $10,000 and receives a bonus of 75% and 5 risk-free trades at ten times the amount offered in the Silver account: $1,000 each!

$25,000 will open the Platinum account which offers a bonus of 100% and $50,000 is needed for the Diamond account where a bonus of 100% is offered. Both account types offer even larger amounts of risk-free trading.

Holders of the Silver, Gold, Platinum and Diamond accounts are assigned a Personal Broker, with Platinum and Diamond accounts entitled to weekly meetings. All three also receive free trading signals, webinars, alerts and research.

Features

Our review found there are over 120 assets to choose from at PWRtrade and payouts of up to 189%. This is one of the highest maximum payouts we have ever seen offered within the world of binary options! Trading can be done 24/5 on the Web or via mobile devices using apps from Google Play or the iTunes App Store.

The choice of binary option types is large and includes pairs, long term, one touch, ladder, speed option and Forex. Expiry time frames range from 60 seconds to several months, which is a very wide range of delta

The maximum investment amount is $10,000 at risk on a single trade.

PWRtrade Review

Education

PWRtrade provide a “PWRtrade Academy” through their website. It is a full education center for the uninitiated and/or inexperienced trader. It is open to everyone although some of the material is restricted to owners of Silver or higher account types.

A wide choice of educational material is offered through the Academy. There are textual explanations on several basic and advanced topics as well as quite a lot of useful video content. There are a series of e-Videos within the Academy.

Bonuses and Promotions

Besides the generous welcome bonuses offered at the time of deposit, PWRtrade offers account holders a chance to make additional money by bringing in another account holder through their Refer-a-friend program. For every referral made and account opened, the trader receives a $100 bonus.

There’s no limit on the maximum number of friends that can be brought in at bonuses.

Deposits/Withdrawals

Depositing funds into a PWRtrade account is an easy and secure process. The minimum deposit amount at PWRtrade is $250 or its equivalent in another currency. Funding can be done using credit and debit cards--Visa and MasterCard, or by wire transfer. Credit card deposits require a minimum amount of $250 and cannot exceed a maximum of $5,000 to be processed.

There is no limit on the amount of deposit sent as a wire transfer and $10,000 is required for Western Union.

There are no minimum withdrawal amounts and they are transferred in the currency of choice and in the most convenient method chosen. The range of withdrawal options includes Visa, Visa Electron, Maestro U.K., Maestro, Delta, and MasterCard. PWRtrade also support Wire Transfers, e-Wallets (Neteller, Union Pay, and CashU) and other methods.

Customer Support

The main headquarters for PWRtrade are Bulgaria and the Marshall Islands but there are offices in various other parts of the world, including the U.K., Bahrain, Australia, China, and Canada, Russia. Traders can contact a PWRtrade representative by telephone during working hours and can use email anytime of the day.

Conclusion

PWRtrade is a well-rounded binary option broker. Their site is well designed and maintained with images and graphics that are eye catching and clear. The platforms are simple and intuitive to use. Much of the information can be found by scrolling down on the landing page and there are few tabs to click. The choice of different trading accounts is attractive and the welcome bonuses and maximum payouts are very generous.

Advantages

  • Variety of Account Classes
  • Social Trading Tools
  • Mobile Platform

Disadvantages

  • Unregulated
  • No Demo Account
  • Proprietary Platform Only
Review info :
Broker reviewed : PWRtrade Rating : 7 out of 10
Reviewed By : Review Date :