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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