Is PWRtrade a Scam?
PWRtrade is a top binary options broker scam, claiming offices in several countries, including the UK and the US. Its all a sham. They claimed to offer customer support during business hours, and provide email support around the clock.
While Pwrtrade might look legitimate in the early weeks, some users have experienced issues with the site, including the inability to log in. Although this isn’t always a sign of scamming, it is a red flag. A website with no contact information or an unresolved login problem is usually a shady operation. If you’re unsure of whether Pwrtrade is a scam, you can contact their customer service team.
PWRTrade offered a free demo account to lure in their victims. There is a major lack of transparency and customer support. In addition, some complaints have been filed against PWRTrade, with regulators, which means you may have to wait a long time to get your money back, or more likely, never get it back without assistance of a fund recovery specialist.
PWRtrade does not list the regulatory licenses that are required. They claim their address is 12 South Bridge, Edinburgh, EH1 1DD, Scotland. The website lists several employees, but it is unclear if all of them work for the company. Those who have used PWRtrade are advised to consult other reviews. While it’s hard to trust a binary options broker without a review, it is a solid choice for traders.