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PO TRADE

Saint Lucia|2-5 years|
High potential risk|

https://m.po.trade/en

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PoTrade-Server

Luxembourg
MT4
10

Influence

A

Influence index NO.1

United States 7.15

MT4/5 Identification

MT4/5 Identification

Full License

10
Server Name
PoTrade-Server MT4
Server Location Luxembourg

Influence

Influence

A

Influence index NO.1

United States 7.15

Surpassed 21.50% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

https://m.po.trade/en
Rodney Bayside Building, Rodney Bay, Gros-Islet, St. Lucia
https://www.facebook.com/pocketoption/
https://twitter.com/PocketOption

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Contact number

Other ways of contact

Broker Information

More

Company Name

PO TRADE LTD

Abbreviation

PO TRADE

Platform registered country and region

Saint Lucia

Company website
X
Facebook
Instagram
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

PO TRADE · WikiFX Survey

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PO TRADE · Company Summary

Company Name PO TRADE
Registered in Saint Lucia
Regulated by No effective regulation at this time
Year(s) of establishment 2-5 years
Trading instruments currency pairs, commodities, stocks, indices, and cryptocurrencies
Minimum Initial Deposit $50
Maximum Leverage Information not available
Minimum spread Information not available
Trading platform MT5
Deposit and withdrawal method Bank Transfer, as well as Electronic Transfer
Customer Service phone number, social medias
Fraud Complaints Exposure Yes

Risk Warning

Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.

General Information

Established in 2017, PO TRADE is an online service provider, owned and operated by a company called PO Trade Ltd, registered in Saint Vincent and the Grenadines as limited Liability Company with the registration number 793LLC2021. Through its demo account feature, PO TRADE offers traders the opportunity to explore a diverse array of tradable assets, spanning currency pairs, commodities, stocks, indices, and cryptocurrencies via its Pocket Broker trading platform. It's crucial to emphasize that PO TRADE operates without regulatory oversight, highlighting the need for traders to exercise caution due to the inherent risks associated with unregulated trading.

General information

Is PO TRADE Legit?

PO TRADE is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. When contemplating trading with an unregulated broker like PO TRADE, traders must exercise caution and acknowledge the associated risks. These risks may include limited avenues for dispute resolution, potential concerns regarding the safety and security of funds, and a lack of transparency in the broker's business practices.

Is PO TRADE Legit?

Pros and Cons

PO TRADE presents traders with a wide array of trading assets, providing ample opportunities to diversify their portfolios and explore various market segments. Moreover, the platform offers multiple deposit and withdrawal methods, enhancing convenience and accessibility for traders. However, it's important to note that PO TRADE operates without regulatory oversight, potentially exposing traders to risks associated with the lack of regulatory safeguards. Additionally, the platform's customer support options are limited, primarily through phone communication, which may pose challenges for traders seeking immediate assistance or alternative channels of support. Furthermore, PO TRADE offers a limited variety of account types, potentially restricting the flexibility and customization options for traders. Lastly, there's ambiguity surrounding information on spreads and leverage, which may hinder traders' ability to make informed decisions.

Pros Cons
  • A wide array of trading assets
  • Operates without regulatory oversight, potentially exposing traders to risks
  • A variety of options for depositing and withdrawing funds
  • Limited customer support options, primarily through phone
  • Limited offering of account types
  • Unclear information on spreads and leverage

Market Instruments

PO TRADE offers its clients access to a bulk of financial markets. Different types of trading assets, including currency pairs, commodities, stocks, indices, and cryptocurrencies are available with this brokerage platform.

Market Instruments

Demo Trading

PO TRADE offers its clients a demo account, with a total of $50,000 virtual money in it. A demo account is an essential tool for traders who come to a new platform, allowing them to get a feel of the platform and enhance their trading skills without risking their real money.

Demo Trading

Deposit & Withdraw Methods

PO TRADE offers a diverse selection of over 50 payment methods. These payment methods include popular options such as Perfect Money, FasaPay, Binance Pay, Pix, Banking ARS, Bank Card, SPEI, YooMoney, Visa, and many more.

The minimum deposit is $50, which makes this platform easily accessible for most traders.

Deposit & Withdraw Methods

Trading Platforms

PO TRADE's trading platform, Pocket Broker, is designed for accessibility across devices and platforms. It offers a web application for easy access from any device, including Android smartphones with APK download capability. Additionally, users can access Pocket Broker via web browsers without downloads. Integration with Telegram provides further convenience, allowing users to trade and receive updates via the Telegram bot. Pocket Broker is also compatible with Xiaomi devices, ensuring a seamless trading experience for Xiaomi users.

Trading Platforms

Trading Tools

PO TRADE offers social trading, an innovative tool that enables users to automatically replicate the trades of professional traders. Through this feature, users can profit from the copied orders based on preset configurations.

Trading Tools

Educational Resources

PO TRADE's help section offers a robust selection of educational resources, including tutorials, guides, and trading strategies.

Educational Resources

Customer Support

Users can easily reach out to the customer support team via phone for quick advice on general questions. The phone number for customer support is +44-20-8123-4499.

Customer Support

Conclusion

In conclusion, PO TRADE offers a diverse range of trading instruments and convenient deposit/withdrawal methods, enhancing trading flexibility. However, the absence of regulatory oversight poses risks, and limited customer support options may hinder assistance availability. Additionally, the platform's account types are limited, and unclear information on spreads and leverage could impede decision-making. Traders should exercise caution and conduct thorough research before trading with PO TRADE to mitigate potential risks and ensure a safer trading experience.

FAQs

Q: Is PO TRADE regulated?

A: No, PO TRADE operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on PO TRADE?

A: PO TRADE offers a diverse array of trading instruments, including currency pairs, commodities, stocks, indices, and cryptocurrencies.

Q: What account types does PO TRADE offer?

A: PO TRADE provides various account types, including a demo account, catering to different trading preferences and experience levels.

Q: How can I contact PO TRADE's customer support?

A: Users can easily reach out to the customer support team via phone for quick advice on general questions. The phone number for customer support is +44-20-8123-4499.

Risk Warning

Trading online comes with substantial risks, and there's a possibility of losing all your invested capital. It's important to understand that online trading may not be suitable for all traders or investors. Please be aware of the risks involved and note that the information provided here may change due to updates in the company's services and policies. Additionally, the date of this review is crucial, as information might have changed since then. Therefore, it's recommended to verify updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information in this review lies solely with the reader.

News

PO Trade - A Cautionary Tale of Fraud

ExposurePO Trade - A Cautionary Tale of Fraud

2024-10-27 13:56

In the competitive world of forex trading, protecting the rights and interests of traders is paramount. Unfortunately, there are brokers who exploit traders' trust, leading to significant financial losses. One such case involves PO Trade, a forex broker that has come under scrutiny for allegedly defrauding its clients. This article highlights the experience of a victim, Abdel, who claims to have lost over $115 million in profits due to PO Trade’s unethical practices.

WikiFX
2024-10-27 13:56
Exposure
PO Trade - A Cautionary Tale of Fraud
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