PowerOption Rated 3/5

PowerOption Guide - Read our In Depth 2024 PowerOption Review

This detailed PowerOption review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, .

Learn more about PowerOption.

Benefits of Trading with PowerOption

PowerOption Review 2024 Quick Summary
💰 Min Deposit 100
👱‍♂️ Used By 10,000 PowerOption users and traders
📆 Founded 2008
🌍 HQ Cyprus
👮‍♂️ Regulation Unregulated
🚫 Excluded Countries PowerOption is not available in the following countries :

Open PowerOption's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is PowerOption?

PowerOption are a worldwide financial trading platform and broker. founded in 2008

Over 16 years later PowerOption now serves over 10,000 retail investors Forex trading, CFD trading, and trading.

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

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this PowerOption review and assess how well the PowerOption platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like PowerOption. Choosing or shortlisting a trading platform like PowerOption can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like PowerOption.

As a result, selecting the right trading platform like PowerOption requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like PowerOption available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like PowerOption requires thorough due diligence and careful consideration. Some PowerOption trading features can be complex when trading on mobile or using the PowerOption online trading platform. Beginners and inexperienced traders must take the time to learn how to use the PowerOption trading tools properly. In our review of PowerOption we explain the pros and cons. What PowerOption offer, countries PowerOption are available in. Who PowerOption are regulated by and more.

PowerOption Review Screenshot

When it comes to online trading with brokers like PowerOption, carefully review PowerOption as your broker can make or break your success. Choosing the right broker is essential to ensure your PowerOption investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your PowerOption review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of PowerOption. You must also ensure the PowerOption broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, PowerOption needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with PowerOption into easily digestible information in this PowerOption review. We want to ensure you have all the knowledge necessary to use the PowerOption trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with PowerOption are the key to successful trading, so we've provided this detailed PowerOption review. So, take a seat, grab a cup of coffee, and dive in to learn about PowerOption and how it can benefit you or if PowerOption is not for you.

Online investing with PowerOption can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with PowerOption, evaluating the PowerOption platform is important. Evaluation includes researching the PowerOption management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with PowerOption. That's why it's essential to understand the PowerOption company policies and practices before making any investment decisions. By doing your due diligence and understanding PowerOption platform, you can make informed investment choices that align with your financial goals. So take the time to research PowerOption thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this PowerOption review you need to determine if PowerOption is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to PowerOption, so you can make a more informed decision and compare other brokers against PowerOption.

If you want to look at some PowerOption alternatives that might better fit your needs, we list and compare some of the best PowerOption alternatives further down this PowerOption review.

Trading online with PowerOption requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the PowerOption trading tools and features. You must know what you are doing when trading with PowerOption. That's why we've compiled this detailed PowerOption review with some important information that will hopefully make you more informed when online trading with PowerOption.

PowerOption Review Table of Contents

PowerOption review
PowerOption is a Multi-Assets Trading Platform with over 1575900+ Assets

Learn more about PowerOption. PowerOption is a multi asset platform with 1575900+ tradable Assets. Assets available on PowerOption include Forex trading, CFD trading, .

PowerOption trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, are considered financial assets.

Features of PowerOption

PowerOption review
What you should know

PowerOption offer three ways to trade: Forex trading, CFD trading, . The assets and products available to you on the PowerOption trading platform depends on the region of the world, you are in and the PowerOption entity you have an account.

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 considering PowerOption for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as PowerOption, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 16 years PowerOption have a head office in Cyprus.

PowerOption is not regulated. This means PowerOption are not supervised by any regulatory bodies.

PowerOption withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like PowerOption are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. PowerOption are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of PowerOption and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. PowerOption has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, PowerOption will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like PowerOption, you can enjoy peace of mind and focus on your trading activities.

Your capital is at risk

Is my money safe with PowerOption?

All payments made to PowerOption by traders are securely held in a segregated bank account.

PowerOption uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should PowerOption use them?

PowerOption partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their PowerOption clients' funds.

PowerOption clients can have greater confidence in their financial security when working with a Tier 1 bank because PowerOption are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in PowerOption deposited in a Tier 1 bank?

Depositing funds with PowerOption ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if PowerOption were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that PowerOption is a secure and safe platform.

Please be aware that trading in financial assets with PowerOption carries a risk of loss. PowerOption trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

PowerOption emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about PowerOption, let's closely examine its features.

To better understand the PowerOption trading platform, you can create two separate accounts - one with real money and the other a PowerOption demo account. A PowerOption demo account provides a risk-free environment for experimenting with the PowerOption platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in PowerOption trading decisions.

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.

How PowerOption as a Company Compare Against Other Brokers

Broker poweroption IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office Cyprus Australia Belize Cyprus, UK
Regulation Unregulated Seychelles Financial Services Authority (FSA) (SD018) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ PowerOption users 200,000+ IC Markets users 730,000+ Roboforex users 35,000,000+ eToro users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit PowerOption Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

PowerOption review
PowerOption Pros and Cons

What we like about PowerOption

  • Used by over 10,000 PowerOption users and traders
  • Established in 2008
  • Min. deposit from $100

What we don't like about PowerOption

PowerOption review
PowerOption Regulation and Licensing in more detail

The online broker PowerOption is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with PowerOption, you may not receive adequate help or recourse.

  • Unregulated

Is PowerOption Global?

Yes, PowerOption is global as PowerOption is available in over 194 countries.

PowerOption is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries PowerOption covers include the UK, Germany, South Africa, Thailand, China and Australia. PowerOption has a total of more than 10,000 users.

PowerOption review
PowerOption Fees Explained

  • PowerOption doesn't charge withdrawal fees.
  • PowerOption does not charge a fee for inactive accounts.
  • PowerOption doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from PowerOption are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

PowerOption Costs To Check

Modern brokers like PowerOption provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, PowerOption may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall PowerOption trading profitability.

How PowerOption Fees Compare Against Other Brokers

Broker poweroption IC Markets Roboforex eToro
Min Deposit 100 200 10 50
Withdrawal Fees No No No Yes
Inactivity Fees No No No Yes
Deposit Fees No No No No
CFD Commission Fees Yes No Yes

PowerOption Minimum Deposit

PowerOption requires a minimum deposit of 100 GBP/USD/EUR when opening an PowerOption trading account.

A minimum deposit is the minimum amount of money required by PowerOption to open a new online brokerage account with them.

Don't be scared off by brokers like PowerOption charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like PowerOption, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

PowerOption Withdrawal Fees

PowerOption doesn't charge withdrawal fees.

PowerOption Withdrawal rules may vary across different brokers when it comes to transferring funds from your PowerOption or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with PowerOption may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the PowerOption withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from PowerOption. Researching and comparing PowerOption withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing PowerOption funds frequently or dealing with large sums of money. Awareness of these PowerOption fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your PowerOption funds.

For example, PowerOption allows you to withdraw your funds to Debit Cards, Credit cards, VISA, MasterCard.

PowerOption Inactivity Fees

PowerOption does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by PowerOption terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all PowerOption fees and services. It's recommended that you check the PowerOption website before signing up. If you decide to close your PowerOption account, it's important to do so with the PowerOption broker customer support and obtain confirmation that no remaining PowerOption fees are due.

Brokers like PowerOption must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

PowerOption Deposit Fees

PowerOption does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

PowerOption Commission Fees

PowerOption does charge commission on CFD instruments.

Brokerage firms like PowerOption may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the PowerOption trading account level held by the trader.

PowerOption may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing PowerOption terms and conditions to understand the commission fees and any other charges that may apply is essential.

PowerOption review
What can you trade with PowerOption?

It's essential to note that the trading instruments offered under the PowerOption brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the PowerOption trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with PowerOption over 1575900 instruments in fact.

If you want to trade currency pairs on global Forex markets, PowerOption offer over currency pairs.

PowerOption Compared To Other Brokers

Compare PowerOption with IC Markets and Roboforex below.

Your capital is at risk

How PowerOption Trading Options Compare Against Other Brokers

Broker poweroption IC Markets Roboforex eToro
Instruments Available 1575900 2250 12000 6000
Platforms Web, API, SmartSearchXL MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit PowerOption
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider.

PowerOption review
Trading on PowerOption web platforms and other applications

PowerOption provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A 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 trading apps help you stay on top of your trades and execute them on the go.

See PowerOption's platforms

Is the PowerOption Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the PowerOption trading platform to protect you on PC and mobile PowerOption platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using PowerOption web trading platforms.

PowerOption Trading Platform Options

PowerOption does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

PowerOption offers its custom trading platform developed and tested in-house. The PowerOption trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The PowerOption platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With PowerOption, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the PowerOption platform, including news and quotes. Discover possible trades with the strong charting tools found with PowerOption. PowerOption is available as downloadable applications or online through the cloud. Monitor your orders with PowerOption and receive breaking news in your positions.

PowerOption Trading benefits

  • PowerOption Low min deposit

PowerOption Trading Accounts Offered

Below we give an overview of the account types that PowerOption offer. Whatever you are looking to trade, the varying PowerOption account types will be able to provide you with what you need.

  • Micro account
  • PowerOption Islamic account

Can I try PowerOption?

PowerOption provides a demo account that enables individuals to explore trading before investing their funds. By creating a PowerOption practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the PowerOption demo account can help individuals to make informed decisions before investing their money.

Open a demo PowerOption account to practice and trade.

Your capital is at risk

PowerOption withdrawal and funding methods

It's essential to remember that the payment methods provided by PowerOption vary based on the PowerOption entity and the PowerOption client's country of residence. To view the PowerOption payment options available, you can log into your PowerOption member's area.

PowerOption offers various funding payment methods listed in your PowerOption dashboard if available in your region. To learn more about the PowerOption funding and withdrawal options available in your area, you can explore the PowerOption website.

PowerOption provides several payment methods for funding your PowerOption account. You may utilize any of these deposit options if they are available in your region. PowerOption ensures that users have multiple payment methods to choose from, making it more convenient for verified PowerOption account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the PowerOption user's location. learn more about PowerOption funding and withdrawal methods.

PowerOption Payment Methods

Some PowerOption payment methods are local and are available only to specific regions. PowerOption account holders should check which payment methods are provided in your region.
  • PowerOption accepts Debit Cards
  • PowerOption accepts Credit cards
  • PowerOption accepts VISA
  • PowerOption accepts MasterCard
Broker poweroption IC Markets Roboforex eToro
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes No Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No No No
Neteller No Yes Yes Yes

*please note available PowerOption and other broker payment methods depend on the clients country of residence.

How can I start trading with PowerOption?

To open a trading account with PowerOption, individuals can sign up on the PowerOption website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for PowerOption account validation and making a deposit. Once completed, PowerOption users can download the trading platform of their choice.

It's important to note that PowerOption requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps PowerOption maintain a trustworthy financial environment for its 10,000 users. Detailed information on the PowerOption trading platforms is available on their website.

Your capital is at risk

Performing trades with PowerOption

When using PowerOption, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. PowerOption have a max trade of varies.

PowerOption, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like PowerOption can be useful for traders starting or with limited capital.

Like other brokers, PowerOption margin requirements can differ depending on the traded instrument.

CFD Trading on PowerOption

We will show you an example of the basics of using PowerOption leverage.

CFD trading on PowerOption allows traders to speculate on the price movements of various financial instruments against the broker PowerOption, without actually owning real assets. With CFDs, PowerOption traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

PowerOption provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, PowerOption leverage profits and losses are magnified when trading. For instance, using CFDs, you use the PowerOption trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, PowerOption leverage magnifies both profits and losses in trading.

Trading CFD trades on the PowerOption platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced PowerOption traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at PowerOption

PowerOption offer educational resources which include Live Webinars, Investment Courses, Investment Articles, Coaching. Please bear in mind that these resources provided by PowerOption do not guarantee any results when trading. When we checked on the PowerOption website, these educational resources were not available in every language. Also some financial instruments mentioned in any PowerOption educational resources may not be available in your region.

To trade effectively with PowerOption, it's important to have a good understanding of the PowerOption trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with PowerOption and externally.

PowerOption . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with PowerOption. Familiarizing yourself with the PowerOption trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using PowerOption. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with PowerOption involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like PowerOption, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with PowerOption. Explore the PowerOption platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with PowerOption, before live trading.

Customer Support at PowerOption

As part of our PowerOption review, we review customer service options, response times and problem resolution effectiveness on the PowerOption trading platform. The PowerOption trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

PowerOption Available Support Types

Based on our experience, we have given PowerOption a D grade for customer support. We encountered some slow response times or PowerOption queries that were left unanswered.

Compared to other brokers, PowerOption offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

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 contacted PowerOption via phone and received quick assistance within 10 minutes of our call.

The PowerOption phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by PowerOption and found that they could assist us in various languages.

While we found the PowerOption phone support satisfactory, there is room for improvement in response time.

See how PowerOption Support Compares Against Other Brokers

Broker poweroption IC Markets Roboforex eToro
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit PowerOption Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with PowerOption

As PowerOption is regulated by Unregulated.

As a new client of PowerOption, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with PowerOption in your region. During the PowerOption account opening process, you will be asked to provide PowerOption with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with PowerOption have the following documents available.

  • PowerOption require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for PowerOption compliance. This must be dated within the last six months.
  • If you plan to fund your PowerOption account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the PowerOption platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under PowerOption Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring PowerOption's platform.

However, remember that you won't be able to make trades on PowerOption until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the PowerOption KYC compliance process as soon as possible to avoid any delays in accessing the PowerOption platform's features.

It is important to note that PowerOption may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the PowerOption platform and features immediately. However, you must pass the verification process to start live trading with PowerOption, which can take up to a few business days.

To start the process of opening an account with PowerOption you can visit the PowerOption trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.poweropt.com/ on November 11, 2024.

Watch this PowerOption Explainer Video

Is PowerOption A Good Broker?

We have spent over 5 years examining PowerOption in depth. Although we found some very useful aspects of the PowerOption platform that would be useful to some traders. We feel that a alternative to PowerOption may better suit you.

  • PowerOption have a good track record of offering Forex trading, CFD trading, .
  • PowerOption has a history of over 16 years.
  • PowerOption has a reasonable sized customer support of at least 10.
  • PowerOption are regulated by the Unregulated. PowerOption is subject to strict regulatory oversight from its respective jurisdiction, which holds PowerOption (the broker) accountable for misconduct. This regulatory framework helps ensure that PowerOption operates fairly and transparently and provides PowerOption customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and PowerOption.
  • PowerOption have regulation from reputable regulators.
  • One of the advantages of using PowerOption is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from PowerOption are particularly important as PowerOption traders want to receive their money quickly. With the efficient PowerOption payment processing system, traders can enjoy faster access to their PowerOption funds.
  • PowerOption have an international presence in multiple countries. Including local PowerOption seminars and training.
  • PowerOption can hire people from various locations in the world who can better communicate in your local language.

PowerOption Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

PowerOption not quite right?

If after reading this PowerOption review, PowerOption does not fulfill your needs check out these PowerOption Alternatives.

Click here to view the best PowerOption Alternatives

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After extensive research over several years, we have compiled a list of the most effective PowerOption alternatives available today. If you are unsatisfied with PowerOption or want to explore other options, we recommend checking out our carefully curated list of highly-rated PowerOption alternatives. Follow the links below to learn more about these PowerOption broker alternatives and choose the one that best suits your trading needs.

Related PowerOption Vs Comparisons

Throughout our comprehensive PowerOption review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing PowerOption against other popular brokers in the industry, check out our PowerOption Vs pages. Our team has compiled a series of detailed PowerOption comparison articles, pitting the PowerOption platform against some of the best-rated PowerOption competitors in the market. Dive into our informative PowerOption Vs pages below to find out how PowerOption stacks up against other leading brokers.

PowerOption review
POWEROPTION Frequently Asked Questions

Read our detailed PowerOption FAQ Section updated for 2024.

Can I try PowerOption?

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?

Please note that the list of payment methods below depends on the PowerOption Entity and the client's Country of Residence.

PowerOption offer the following funding payment methods Debit Cards, Credit cards, VISA, MasterCard, among other payment methods.
Learn more here

Your capital is at risk

Is PowerOption safe?

PowerOption have over 10,000 users. While PowerOption may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.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 bank's financial health and strength.Trading with PowerOption is risky, and because the market is so volatile, losses could happen at any time. Do not invest with PowerOption unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Your capital is at risk

Is PowerOption trading good?

PowerOption is considered good and reputable to trade with PowerOption. PowerOption is used by over 10,000 traders and PowerOption users. PowerOption offers Forex trading, CFD trading, and trading. Minimum deposit with PowerOption is 100.

Is PowerOption trading Legit?

PowerOption was founded in Cyprus in 2008. PowerOption has been facilitating trade on the financial markets for over 16 years. PowerOption offers clients Forex trading, CFD trading, and trading. All funds deposited to PowerOption are held in segregated bank accounts for security. PowerOption is not regulated. Although this doesn't mean PowerOption are awful, we recommend trading with regulated brokers.

Is PowerOption a good broker?

PowerOption allows Forex trading, CFD trading, and trading. PowerOption is overseen by the top tier financial regulators Unregulated so can be considered a good broker.

Is PowerOption trustworthy broker?

Despite any potential benefits associated with PowerOption, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like PowerOption, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.

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 depending on the method but averages 1-5 days.

Is PowerOption regulated?

PowerOption is not regulated by a top tier financial regulator.

Is PowerOption a market maker?

PowerOption is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on PowerOption trading platforms, you can follow the link provided below: Learn more about signing up with the PowerOption trading platform here. This will provide useful information and insights into the various trading platforms offered by PowerOption, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with PowerOption?

Yes your money is safe with PowerOption.

Overall, strict financial regulation is essential for ensuring that trading platforms like PowerOption operate fairly, transparently, and responsibly, which ultimately benefits all PowerOption stakeholders involved.

Trading platforms like PowerOption must have strict financial regulation for several reasons:

  • Protecting PowerOption Investors: Strict financial regulation ensures that investors who use the PowerOption trading platform are protected against fraudulent or unethical behavior by the PowerOption platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the PowerOption platform.
  • Maintaining PowerOption Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the PowerOption trading platform. Regulatory procedures reduce the likelihood of the PowerOption platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing PowerOption Transparency: Regulations require trading platforms like PowerOption to maintain detailed records and disclose PowerOption client information. Financial regulatory requirements enhances transparency and helps to build trust between the PowerOption platform and its investors.

PowerOption is regulated by the Unregulated. When selecting a broker such as PowerOption, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, PowerOption ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like PowerOption.

Is PowerOption a con?

While we would not say that PowerOption is a con. Because a top tier financial regulator does not regulate them, we would not trade with them.

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 doesn't charge withdrawal fees. PowerOption doesn't charge inactivity fees. PowerOption doesn't charge deposit fees.

When was PowerOption founded?

PowerOption was founded in 2008.

How many people use PowerOption?

PowerOption is used by over 10,000 registered PowerOption users.

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, 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 guaranteed 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 PowerOption users and 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 an Islamic account.

What are the funding methods for PowerOption?

Please note that funding methods and options available with PowerOption can be found in the PowerOption Members area and depend on the PowerOption client’s country of residence. Please check your specific available payment methods on the PowerOption website. PowerOption accept the following funding methods : Debit Cards, Credit cards, VISA, MasterCard.

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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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