BrokersView
Search
Download
English
Sign In

POWER 2 FX

Save

Operating status: SCAM

Website: https://www.power2fx.com/

Broker violations and abnormal records
  • 2023-05-11 The UK regulator FCA issued a warning against POWER 2 FX

    On May 12, 2023, the Financial Conduct Authority (FCA) issued a warning against POWER 2 FX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/power-2-fx

    On May 12, 2023, the Financial Conduct Authority (FCA) issued a warning against POWER 2 FX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/power-2-fx
  • 2023-05-14 BrokersView has reviewed that POWER 2 FX is an unregulated broker

    POWER 2 FX fails to provide regulatory and licensing data, which is a significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. This broker is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting potential investors since it claims to be located in the UK. However, the FCA has warned the public that it is not authorized and regulated by the agency.

    In essence, POWER 2 FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    POWER 2 FX fails to provide regulatory and licensing data, which is a significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. This broker is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting potential investors since it claims to be located in the UK. However, the FCA has warned the public that it is not authorized and regulated by the agency.In essence, POWER 2 FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

How's POWER 2 FX? It is trustworthy?

Jgb
Saint Lucia
2023-05-16
ANSWER POWER 2 FX is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.POWER 2 FX fails to provide regulatory and licensing data, which is a significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. Furthermore, this broker is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting potential investors since it claims to be located in the UK. However, the FCA has warned the public that it is not authorized and regulated by the agency. You can access the full warning here. As such, any offering of financial products or services by POWER 2 FX is illegal.Regarding your question, POWER 2 FX is untrustworthy since it is not supervised by any regulatory body. Once your funds and personal details are controlled by this trading platform, there are no safeguards to protect them. You may suffer the loss of funds or identity theft, which could be financially and personally devastating. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like POWER 2 FX and opt for fully regulated ones instead.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.