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Power Trading Limited
Power Trading Limited

Suspected Fraud

Power Trading Limited

1.93

Industry Tier:
E

🇭🇰HongKong

10-15 years

Contact

Basic Information

Country

HongKong

Industry

Forex

Categories

Services

Foreign Exchange, Commodities, Indices

Supported Languages

Simplified Chinese

Domain Registration

2023-12-27

Status

Suspected Fraud

Entity

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Risk Scan

Announcement

Documents

User Reviews

1.93

0 Reviews

All Rating

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Profile & Analysis

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Some content is AI-generated and for reference only; it is not investment advice.

Profile

Power Trading Limited (known as Baolong Securities in Chinese) is an online forex brokerage established in 2013 in Hong Kong. Its official website does not provide any regulatory information and lacks key details such as account types and trading product specifics. Power Trading Limited exhibits low transparency and security levels. The current official website is: https://powertradingltd.com/.

The Corporate Background and Regulatory Information of Power Trading Limited:

Power Trading Limited was founded on January 18, 2013, headquartered at Unit 225-22, 2nd Floor, MEGA CUBE, 8 Mong Kok Road, Kowloon Bay, Hong Kong. However, the domain registration date is December 27, 2023, which shows a significant discrepancy with the company's establishment date. Notably, the official website does not provide any regulatory information, raising concerns about the company's transparency and compliance among investors.

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The Account Opening Process at Power Trading Limited:

To open an account with Power Trading Limited, follow these steps. First, visit the official website of Power Trading Limited and click on the "Login" button found on the homepage. Then, find the "Create Account" button and complete the registration on the website's registration page. After registration, you will receive an automatic email containing your personal account login information. Use this information to log into your account and proceed to deposit funds. Finally, download the trading platform and start trading.

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Account Types at Power Trading Limited:

Typically, financial service providers detail the different account types on their official website, allowing clients to choose the most suitable account based on their needs and investment experience. These accounts may include standard accounts, mini accounts, VIP accounts, etc., each with its distinct features, commission rates, and minimum deposit requirements. However, Power Trading Limited does not provide this information on its official website.

Trading Products at Power Trading Limited:

According to scant information on the official website, Power Trading Limited offers forex, commodities, and indices as trading products. However, the absence of specific pages or detailed descriptions may leave investors in the dark about crucial trading conditions such as leverage ratios, spreads, and trading hours.

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Trading Platform at Power Trading Limited:

Power Trading Limited employs the MetaTrader 4 (MT4) platform, known for its reliability and comprehensive suite of trading tools. MT4 features a user-friendly interface combined with advanced chart functionalities, making it the top choice among traders globally.

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Spreads and Commissions at Power Trading Limited:

Although Power Trading Limited claims to offer trading services, its official website does not provide any information regarding spreads and commissions. This lack of transparency makes it difficult for users to understand the costs and fees associated with trading, impacting their decision-making process.

Deposit and Withdrawal Methods at Power Trading Limited:

Furthermore, Power Trading Limited's official website also lacks transparency in announcing deposit and withdrawal methods. This absence of crucial information may concern users about the safety of their funds, as they remain uninformed about how to deposit or withdraw funds and the available payment options. Such transparency issues could affect users' trust and experience with the platform.

Customer Support at Power Trading Limited:

Phone: +852 90190106

Email: [email protected]

Summary:

Power Trading Limited presents numerous potential risks and uncertainties, including unclear information regarding account types, trading products, spreads and commissions, as well as deposit and withdrawal methods, with customer support also lacking in transparency. When choosing a trading platform, investors should be extra cautious and ensure they opt for platforms that offer ample information, high transparency, and regulatory compliance to safeguard their trading and financial security. Currently, Power Trading Limited is flagged as "Suspected Fraud" on TraderKnows.

FAQ About Power Trading Limited

01

What is Power Trading Limited?

Power Trading Limited is a Forex Broker.

02

When was Power Trading Limited founded?

Power Trading Limited was founded in 2013.

03

Where is Power Trading Limited located?

According to its official website, Power Trading Limited is located in 香港九龙湾旺角道8号MEGA CUBE 2楼225-22单元.

04

What is Power Trading Limited's official website?

Power Trading Limited's official website is https://powertradingltd.com/

Industry Tier

E
E
D
C
B
A
S
SS

Social Media

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TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Risk Warning
TraderKnows provides a comprehensive database of financial companies, with information sourced from public channels or user submissions, for reference only. We do not verify the compliance of individual companies, and the information provided is not investment advice. Users are encouraged to conduct their own due diligence and make informed decisions. If you suspect any company of illegal activity, please report it to [email protected], and we will review and take appropriate action as necessary.
Risk Warning
TraderKnows provides a comprehensive database of financial companies, with information sourced from public channels or user submissions, for reference only. We do not verify the compliance of individual companies, and the information provided is not investment advice. Users are encouraged to conduct their own due diligence and make informed decisions. If you suspect any company of illegal activity, please report it to [email protected], and we will review and take appropriate action as necessary.
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