In this PO TRADE review, we will talk about the reasons why PO TRADE is listed among the fraudulent brokers 2024 list by Fraud Complaints and guide how victims of PO TRADE can reclaim their lost funds.
Basic Details for PO TRADE
Website: https://m.po.trade/
Website Availability: Yes
Official Address: Saint Lucia
Regulation: Unregulated
Warned By: Not Recommended By Review Website Like Fraud COmplaints
Established in 2017, PO TRADE is an online trading service provider that claims to offer a variety of trading instruments and account types. This broker, which is owned and run by PO Trade Ltd, is registered as a Limited Liability Company in Saint Vincent and the Grenadines. However because it is unregulated and opaque, there are significant questions over its legality and reliability. In this article, we will examine the key aspects of PO TRADE and highlight some of the red flags that potential traders should be aware of.
Unregulated Status
One of the most significant issues with PO TRADE is its unregulated status. There is no recognized financial regulatory body monitoring the broker’s operations. Being registered in Saint Vincent and the Grenadines might sound official, but it does not guarantee any level of protection or security for traders. Because PO TRADE is unregulated, it is not subject to stringent regulations or standards that safeguard the interests of investors, in contrast to brokers that are governed by organizations like the Cyprus Securities and Exchange Commission (CySEC) or the Financial Conduct Authority (FCA) in the UK.
The lack of regulation also calls into question the broker’s dependability and commitment to moral trading. Without a regulatory framework in place, PO TRADE has more freedom to manipulate trades, impose unfair conditions, or withhold funds from its clients.
Limited Offering of Account Types
Another drawback of PO TRADE is its limited offering of account types. Most reputable brokers provide a range of account options to cater to different trading styles and preferences, including demo accounts, standard accounts, and advanced options like VIP or professional accounts. PO TRADE, on the other hand, fails to offer a diverse selection, leaving traders with fewer choices that may not align with their specific needs or investment goals.
Lack of Transparency on Spreads and Leverage
PO TRADE also lacks transparency when it comes to crucial trading information like spreads and leverage. A lack of clear information on these aspects can make it difficult for traders to understand the costs associated with their trades, making them vulnerable to hidden fees or unfavorable trading conditions.
PO TRADE Review – Conclusion
Because of the inability to charge back, wire transfers are a tough means to recover money. Making a complaint and contacting the authorities are the most effective strategies to escalate the problem. This strategy frequently leads to the reevaluation of refund decisions. If you do not receive your money back, file a detailed fraudulent report and email it to the company, stating that you will send it again. Please contact fraud complaints if you need any assistance for refund.
Based on many factors explained above we have finally concluded that PO TRADE is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to PO TRADE fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from PO TRADE.
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Note: The PO TRADE review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring PO TRADE company.