Originally, Power Trend was registered in Russia in 2013. Over its years of service, this broker has managed to branch off to new jurisdictions, specifically, the Republic of Marshall Islands. However, it is still able to offer its services in the EU with a license from the Russian Federation.
This broker offers research materials, tools, and analysis to help traders with their careers. The broker offers bonuses, promotions, and other programs for its clients. Power Trend has two web-based platforms, which is a wide range that you don’t find with many other brokers. Read on to find out what else Power Trend has to offer.
Pros and Cons
Pros
- xCritical Platform Available
- Wide Market Range
- One-On-One Trading Assistance Available
Cons
- Limited Country Range
- High Minimum Deposit
Recommended For
Judging from the educational tools on the site, Power Trend is able to help traders of all experience levels. Forex strategies, crypto trading, and technical indicators are just a few of the topics that the Power Trend blogs discuss. Novice traders will find these, as well as other topics, quite helpful.
There are also materials like an Economic Calendar, quarterly report of the best global stocks on the market, daily news briefs, and investor tips, which seek to help Power Trend clients make the best decisions possible. Judging from this wealth of educational tools, Power Trend is great for traders of all experience levels who are able to access the broker.
Top Features
- xCritical Trading Platform. This platform will be discussed at length in the sections below, as it is one of the best things about Power Trend. xCritical offers features like signals, one-click deals, and automatic market analysis for its traders, and you can access this platform when you work with Power Trend.
- Live Webinars. For traders who want to learn about the market from a live scenario, as opposed to just reading a glossary or guide, you’re in luck with Power Trend, as this broker provides live webinars to its traders. The webinars include topics revolving around strategy and must-known info about the market. Traders of all experience levels are sure to find these webinars very helpful.
- Learning Center. There is a “Learning Center” at Power Trend, and this Center has educational materials that can help guide traders who need extra help trading.
- Trading With a Friend. Traders who enjoy social trading will like this feature.
- Personal Profit Plan. Power Trend offers a Personal Profit Plan to help you maximize your goals and sharpen your strategies.
Overview
- Type of Broker Non-Advisory/Executionary Broker
- Regulation & Licensing International Financial Market Relations Regulation Center TSRF RU 0395 AA V0175
- Clients Accepted from 10 Countries
- Assets Offered Foreign Exchange (FX), Commodities, Indices, Futures/Forwards, CFDs
- Platforms Available Download
- Mobile Compatibility N/A
- Payment Types Accepted Credit/Debit Card, Bank Wire Transfer, Skrill, Neteller
Account Types
|
Mini |
Standard |
Platinum |
|
|
Features |
Online Chat |
Access to all platform features (trade on indexes) |
SMS – signals, VIP manager, Special promotions, One-on-one trading |
|
Account Currencies |
USD |
USD |
USD |
|
Available Leverage |
From 1:200 |
From 1:200 |
From 1:200 |
|
Minimum Deposit |
$500 |
$5,000 |
$35,000 |
|
Starting Spreads |
1 |
0.6 |
0.1 |
|
Commission Per Trade |
0 |
0 |
0 |
|
Decimal Pricing |
5 |
5 |
5 |
|
Trading Instruments |
Currency, CFD |
Currency, CFD, ETF, crypto |
Currency, CFD, ETF, crypto |
|
Min. Lot Size Per Trade |
0.1 |
0.1 |
1.5 |
|
Max Lot Size Per Trade |
100 |
100 |
1000 |
|
Demo Account |
No |
Yes |
No |
|
Swap/Rollover Free |
Yes |
Yes |
Yes |
|
Copy Trading Support |
No |
No |
No |
Compliance & Regulation
Power Trend is regulated by the International Financial Market Relations Regulation Center (TSRF RU 0395 AA V0175).
Reliability & Security
Both platforms that Power Trend offers are reliable. MetaTrader 4 is on the table, and that is a poplar platform that is known for being user friendly. Here are some of the main features of MetaTrader 4:
- Slippage fighting: MT4 has lightning-fast execution and stability, which means that slippage will likely not be as much of a problem for traders when they use this platform. Scalpers and day traders are the people most likely to run into slippage problems, so MT4 is a major draw for them.
- One-Click Trading: You can execute trades with just one click, something that, once again, day traders and scalpers will like.
- Alerts: MetaTrader 4 supports a lot of different alerts that inform users of price movements and financial markets. Traders can access the email alert function, too, and all of these alerts can be set up within the software.
- Tech Analysis: There are thirty built-indicators and twenty-four graphical objects with MT4. You can also use custom indicators that have been developed within the MetaTrader community. Anyone can develop new code plugins and tech indicators within the community.
- Orders & Charting: There are two market orders, four pending orders, two stop orders, and trailing stop with M4. There are also real time charts, nine different time frames, and more financial instruments.
MT4 is not the only platform that Power Trend offers. You can also access xCritical, which is a platform that advanced traders will especially prefer. xCritical is very high-tech, with a sophisticated interface that is suited to people with a lot of experience. The interface may be confusing to a new trader, but it is great for those who use high-volume trading with complicated strategies to create new position. xCritical is one of the market’s most competitive platforms, so it’s great to see that Power Trend provides access to it.
User Experience
Users will enjoy the three different accounts that Power Trend offers, as well as top-notch customer service. You can choose from a mini account, standard account, and platinum account.
The mini account has a starting deposit of $500, and the minimum transaction volume is 0.1. If you have this account, you’re also eligible for online financial analyst assistance. The standard account requires a deposit of $5,000, and the transaction volume is the same as the mini account.
With standard, however, you get online assistance, Autochartist review, and access to all of the Power Trend markets. Thirdly, the top-tier account is the platinum. The minimum deposit is $35,000, and the minimum transaction volume is 1.5 lot. In addition to the other accounts’ benefits, you also get personal stock reports and one-on-one trading assistance.
Final Thoughts
Overall, Power Trend is a broker that people in applicable countries will like. It has MT4 and xCritical, both of which are draws for traders who appreciate a solid platform. Power Trend also has several different accounts from which to choose, so anyone who likes variety will also appreciate that feature.
Contact Info
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of The Marshall Islands
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