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PowerCapital

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Operating status: SCAM

Website: https://powercapital.live/

Broker violations and abnormal records
  • 2024-07-31 BrokersView has reviewed that PowerCapital is an unregulated broker

    PowerCapital claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under number 1070 LLC 2021. However, we haven't found corresponding records in the SVG FSA register, indicating that the claim is false.

    In essence, PowerCapital is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    PowerCapital appears to be a scam.

    PowerCapital claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under number 1070 LLC 2021. However, we haven't found corresponding records in the SVG FSA register, indicating that the claim is false.In essence, PowerCapital is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.PowerCapital appears to be a scam.

Related Complaints

Q&A

Need help to verify if PowerCapital is legit.

wendel
France
2024-08-05
ANSWER We believe that PowerCapital is not legitimate.The registration information claimed by the broker is false. Although it alleges to be registered with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) under number 1070LLC2021, our verification suggests that this registration does not exist.In summary, PowerCapital is not regulated. Trading with an unregulated broker like PowerCapital exposes investors to significant risks, including the potential loss of funds without any regulatory protections. It is prudent to opt for fully regulated brokers.
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