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 , and in operation for 2019 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 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
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
PowerOption General Fees
- PowerOption withdrawal fees varies on payment method
- PowerOption does charge inactivity fees
PowerOption Commissions
- PowerOption does charge commission on CFD shares.
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.
| FX / Currencies | poweroption | eToro | XTB |
|---|---|---|---|
| Forex pairs offered | 50 | 50 | |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | No | Yes | Yes |
| Exotic forex pairs | No | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | PowerOption | eToro | XTB |
|---|---|---|---|
| Commodities offered | 0 | 0 | 21 |
| Metals | No | Yes | Yes |
| Energies | No | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Indiced & Stock CFDs | PowerOption | eToro | XTB |
|---|---|---|---|
| Stocks offered | 957 | 1696 | |
| UK Shares | Yes | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
|
poweroption Instruments |
eToro Instruments |
XTB Instruments |
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 platformsPowerOption 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
What funding methods do PowerOption accept?
PowerOption offer the below funding payment methods. learn more about PowerOption
- Credit cards
- Skrill
- Neteller
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 trader, accounts and instruments.
Education resources at PowerOption
To trade effectively with PowerOption, it's important to get a have a good understanding of the XTB 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.
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
What you will need to open an account with PowerOption
As PowerOption is regulated by Cyprus Securities and Exchange Commission, 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 10 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.
PowerOption not quite right?
Check out these PowerOption Alternatives
We have spent years researching the best alternatives to PowerOption. Click the links below to learn more.
If you feel some of the above PowerOption are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of PowerOption alternatives below.
- eToro Review
- XTB Review
- Plus500 Review
- Pepperstone Review
- EasyMarkets Review
- Admiral Markets Review
- IC Markets Review
- ThinkMarkets Review
- FXPro Review
- Forex.com Review
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
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. 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.