PowerOption Review 2020

PowerOption Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

PowerOption Guide

PowerOption are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, and trading.

PowerOption are a global broker and have a head office in Cyprus.

PowerOption have a listed stock symbol. This means that PowerOption have publically listed and you can officially buy shares in PowerOption on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of PowerOption we break down the pros and cons. What PowerOption are able to offer, what countries PowerOption are available in. Who PowerOption are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with PowerOption

Open PowerOption's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to PowerOption

With this review we hope to help you see if PowerOption is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding PowerOption that will help you get off to a good start in the world of online trading.

PowerOption Review Table of Contents

PowerOption what you should know

PowerOption offer three ways to trade: Forex trading, CFD trading, .

With PowerOption you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with PowerOption platform.

PowerOption are able to accommodate various levels of traders whether you are experienced or a beginner.


Are PowerOption safe?

When choosing a broker like PowerOption the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years PowerOption have a head office in Cyprus.

PowerOption is regulated. This means PowerOption are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to PowerOption, this will be honored. If PowerOption violate any regulatory rules their regulated status could be stripped.

Any payments funded to PowerOption accounts by traders are held in a segregated bank account.

For added security PowerOption use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with PowerOption. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit PowerOption

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker poweroption eToro XTB Trading212
Year Established 2008 2006 2002 2006
Head Office Cyprus Cyprus, UK Poland UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 250,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit PowerOption Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PowerOption Pros and Cons

What we like about PowerOption

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $100

What we don't like about PowerOption

PowerOption Financial Regulation and Supervision in more detail

We have checked and PowerOption is regulated and supervised by reputable organisations. You are able to check every PowerOption supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with PowerOption. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect PowerOption traders and provide a safe trading environment.

PowerOption is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as PowerOption you should be sure they're legitimate online agent.

PowerOption General Fees

  • PowerOption withdrawal fees varies on payment method
  • PowerOption does charge inactivity fees
  • PowerOption does charge deposit fees
Broker poweroption eToro XTB Trading212
Min Deposit 100 200 0 1
Withdrawl Fees $25 Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No No
CFD Commission Fees No Yes No

PowerOption Commissions

  • PowerOption does charge commission on CFD instruments.

What can you trade with PowerOption?

You can trade a wide variety of instruments with PowerOption over 190 instruments infact.

If you are looking at trading currency pairs PowerOption offer over currency pairs.

Compare PowerOption with eToro and XTB below.

Your capital is at risk

Broker poweroption eToro XTB Trading212
Instruments Available 190 100 1,500 3000
Platforms Mac,iPhone,iPad,WEB,MT4 Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit PowerOption Visit eToro Visit XTB Visit Trading 212
Forex pairs offered 50 50 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit PowerOption Visit eToro Visit XTB Visit Trading 212
Commodities Offered 0 0 21 14
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit PowerOption Visit eToro Visit XTB Visit Trading 212
Stocks Offered 957 1696 1731
UK Shares Yes Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on PowerOption web platforms and other applications

PowerOption offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An PowerOption IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

PowerOption also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See poweroption's platforms

PowerOption Trading benefits :

  • Low min deposit

PowerOption Trading Accounts Offered :

  • Micro account
  • Islamic account

Can I try PowerOption before I buy?

PowerOption offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

PowerOption withdrawl and funding methods.

PowerOption offer the below funding payment methods. learn more about PowerOption

  • Credit cards
  • Skrill
  • Neteller
Broker poweroption eToro XTB Trading212
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes No
Neteller Yes Yes Yes No

How can I start trading with PowerOption?

When opening a trading account with PowerOption, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on PowerOption trading platforms here.

Performing trades with PowerOption

PowerOption allow you to execute a minimum of trade of varies. This may vary depending on the account you open. PowerOption allow you to execute a maxium trade of varies.

As a market maker, PowerOption may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

PowerOption Leverage and PowerOption CFDs Explained

let's take a look at some of the basics of using PowerOption leverage.

PowerOption offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

PowerOption leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the PowerOption trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The PowerOption leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

PowerOption CFDs are typically used for short to medium term trades. For example PowerOption intraday trading.

Education resources at PowerOption

To trade effectively with PowerOption, it's important to get a have a good understanding of the PowerOption trading tools and the markets.

PowerOption offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with PowerOption.

Take time to look around the PowerOption platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at PowerOption

PowerOption support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

PowerOption have a D grade support rating because because sometimes the response was slow or our query wasnt answered. PowerOption less customer support features compared to other brokers like live chat, phone and email support. Phone support supports a limited amount of Languages.

Livechat Support at PowerOption

PowerOption does not offer LiveChat Support.

Email Support at PowerOption

PowerOption does not offer Email Support.

Phone Support at PowerOption

We called PowerOption and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The PowerOption phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual PowerOption team by calling in varying languages. PowerOption made an effort to make sure our queries were answered.

Overall the phone support from PowerOption was okay.

See how PowerOption Support Compares Against Other Brokers

Broker poweroption eToro XTB Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit PowerOption Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with PowerOption

As PowerOption is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore PowerOption's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with PowerOption you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.poweropt.com/ on 12th August 2018.

Is PowerOption A Good Broker?

We spent over 3 months examining PowerOption in depth. Although we found some very useful aspects of the PowerOption platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative PowerOption broker.

  • PowerOption have a good track record of offering Forex trading, CFD trading, .
  • PowerOption has a history of over 12 years.
  • PowerOption has a reasonable sized customer support of at least 10.
  • PowerOption are regulated by Cyprus Securities and Exchange Commission (CySEC). This means PowerOption fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • PowerOption have regulation from a Tier 1 reputable country.
  • PowerOption has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • PowerOption have an international presence in multiple countries. This includes local PowerOption seminars and training.
  • PowerOption are able to hire people from various locations in the world who can better communicate in your local language.

PowerOption Risk Disclaimer

Your capital is at risk

PowerOption not quite right?

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Related PowerOption Comparisons

If you would like to see how PowerOption stands up against other brokers you can read some of our PowerOption comparisons below. We compare side by side some of our top rated PowerOption versus comparisons. Read some indepth PowerOption VS pages below.

POWEROPTION Frequently Asked Questions

Can I try PowerOption before I buy?

PowerOption do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do PowerOption accept?

PowerOption offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is PowerOption safe?

PowerOption are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to PowerOption accounts by traders are held in a segregated bank account. For added security PowerOption use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is PowerOption trading good?

PowerOption is considered good and reputable to trade with. PowerOptionPowerOption is used by over PowerOption active traders. PowerOption offers Forex trading trading, CFD trading trading, and trading. Minimum deposit with PowerOption is mindeposit.

Is PowerOption trading Legit?

PowerOption was founded in Cyprus in 2008. PowerOption has been facilitating trade on the financial markets for over 12 years. PowerOption offers clients Forex trading trading, CFD trading trading, and trading. All funds deposited to PowerOption are held in segregated tier 1 bank accounts for security. PowerOption is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is PowerOption a good broker?

PowerOption is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.PowerOption allows Forex trading trading, CFD trading trading, and trading.

Is PowerOption trustworthy broker?

PowerOption can be considered trustworthy. All money funded to PowerOption is placed into a segregated tier 1 bank account. this means your money in not held by PowerOption directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also PowerOption is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for PowerOption?

The minimum deposit to trade with PowerOption is 100.

How long do PowerOption withdrawals take?

Withdrawing money from PowerOption processing time varies but averages 2-5 days.

Is PowerOption regulated?

PowerOption is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is PowerOption a market maker?

PowerOption is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with PowerOption?

When opening a trading account with PowerOption, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on PowerOption trading platforms here.

Is my money safe with PowerOption?

PowerOption is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like PowerOption is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to PowerOption, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is PowerOption a con?

PowerOption is regulated and well established having been in business for over 12 years. PowerOption is definitely not a con.

Can you make money with PowerOption?

Although traders have had great success with PowerOption. Trading on the financial markets with PowerOption is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does PowerOption have fees?

PowerOption withdrawal fees varies on payment method. PowerOption does charge inactivity fees. PowerOption does charge deposit fees.

When was PowerOption founded?

PowerOption was founded in 2008.

How many people use PowerOption?

PowerOption is used by over 10000 registered traders.

What is PowerOption Headquarters country?

PowerOption has its head quarters office in Cyprus.

Does PowerOption offer negative balance protection?

PowerOption does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does PowerOption offer guaranteed stop loss?

PowerOption does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does PowerOption allow scalping?

PowerOption does not offer scalping.

Does PowerOption allow hedging?

PowerOption does not offer hedging.

Does PowerOption offer CFD trading?

PowerOption offers CFD trading.

Does PowerOption offer STP?

PowerOption does not offer STP trading.

How many people use PowerOption?

PowerOption is used by over 10000 traders.

Is PowerOption an ECN broker?

PowerOption does not offer ECN trading.

Does PowerOption offer a demo account?

PowerOption does not offer demo account.

Does PowerOption offer an Islamic account?

PowerOption offers a Islamic accounts.

What are the funding methods for PowerOption?

PowerOption accept the following funding methods : Credit cards, Skrill, Neteller,

PowerOption review written by Andrew Blumer and Mark Hansen

We hope you found our review of the PowerOption brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

PowerOption review written by Mark Hansen of Comparebrokers.co