Po Trade Review: Is This Broker Safe, And Can You Trust it?
Po Trade Review: Is This Broker Safe, And Can You Trust it?

Before we begin, we want to point out the connection between Po Trade and PocketOption, a binary options brokerage. This firm was banned across Europe since it is soliciting investors despite the binary options ban from 2018.

We can delve into this Po Trade review now that you know their ties. Ensure you read carefully, as we’ll try to assist you in case you have already lost your money.

Regulated by: MISA
Is This Company Safe? It’s not safe
Known Websites: po.trade
Warnings from: FCA, CONSOB, DFSA, FSMA, ASF
Registered in: St. Lucia
Operating since: 2019
Trading Platforms: WebTrader
Maximum Leverage: N/A
Minimum Deposit: $50
Deposit Bonus: Available
Trading Assets: Forex, commodities, indices, cryptocurrencies, shares
Free Demo Account: Yes
How to  Withdraw from This Company? You can request a withdrawal from Po Trade representatives or contact us in case you face any issues regarding this question. We can help you prepare a detailed report for the authorities.

Is Po Trade a Regulated CFD Broker?

Po Trade is a brand owned by Po Trade Ltd, registered in Saint Lucia. On top, the company claims to have regulations by FMRRC and MISA. While FMRRC is not an actual regulator, MISA or Mwali International Services Authority is an offshore license provider. Entering the name on their register implies that someone has paid the license fee and provided the necessary documents. So yes, while Po Trade is legit offshore, it doesn’t mean it has approval in your legal jurisdiction.

Offshore regulations cannot be compared to Tier 1 licenses such as those by the FCA, ASIC, BaFin, or CONSOB. This is because they offer far less fund safety as there’s no compensation fund, and the regulator cannot reimburse you in case of any problems.

Finally, this brokerage was banned by several European authorities. In June 2021, Romanian ASF issued an official notice against Po Trade Ltd and both of their branches – PocketOption and Po Trade.

Then, in September of the same year, the UK FCA published its own warning, marking both brands as fraudulent. Finally, in December, Italian CONSOB warned against Po Trade, and this warning was republished in Denmark and Belgium.

Po Trade fca warning

Where Does Po Trade Find Victims and Where Does it Operate?

Po Trade is placing fake ads via social media – Google Ads, Facebook, Instagram, etc. Once they hook you in, they will send you various promotions. The company has a link to its Telegram group, meaning this is how the conversation is done.

According to traffic analysis, the majority of their victims come from:

  • US,
  • Italy,
  • Ukraine,
  • Vietnam.

However, that doesn’t mean the rest of the world is not affected. Po Trade website domain, po.trade, was registered in the GoDaddy WHOIS database on the 23rd of July 2019.

Trading Terms – Fees and Commissions

Sadly, the broker doesn’t reveal much about trading terms. The company doesn’t show any fees, swaps, or other trading commissions you’ll be charged. In fact, they don’t even say how much leverage you’re expected to get. This is quite bad as you cannot assess your trading risks.

This is something that regulated brokers cannot afford. However, we already established that an offshore license isn’t worth too much, so there is no surprise there.

Welcome Bonus

While trading terms aren’t specified, bonuses are. The moment you deposit your money, you will get a 50% deposit bonus. It’s against regulatory rules, as most major authorities prohibit incentives. Such is considered unfair marketing and is often a source of malicious clauses preventing customers from withdrawals.

Trading Features – Platform and Account Types

Since we already know this broker is full of phony information, we weren’t surprised to see the same for trading features. Let’s go through them and see what you can get. Not what you were promised, though.

Po Trade Trading Platform

On its main page, the company promises access to MT5. However, once you download the mobile app or access the browser-based solution, you’ll find out it’s a far cry from it. In fact, the only available software is a proprietary WebTrader, along with an Android and iOS app based on it.

While MetaTrader 5 is the most popular trading software out there, with over 16 million downloads, Po Trade WebTrader isn’t remotely close. It offers you to deposit more, see the market, and place trades and pending orders. Allegedly, it contains a social trading feature, but we wouldn’t bet that it works.

You can trade in the five most popular asset classes: currency pairs, commodities, indices, shares, and cryptocurrencies.

Account Types – Is There a Choice?

You can choose from one of the six account types:

  • Newbie – $50
  • Beginner – $100
  • Experienced – $1,000
  • Master – $5,000
  • Pro – $15,000
  • Guru – $50,000

There’s confusion regarding the minimum deposit. The main page suggests you can invest as low as $5, while legal documents claim the minimum amount is $50. Whatever the case, note that this broker doesn’t have fund insurance.

Demo Account – Can I Trade for Free?

One of the rare perks of trading with this broker is a Demo account. You can contact Po Trade support to register and get $10,000 in virtual funds. However, once you provide them with your personal information, this broker can pressure you to start a real account.

Po Trade Withdrawal Options 

The minimum withdrawal amount with Po Trade broker is $100. The company accepts the following payment methods:

  • Debit/credit card,
  • Perfect Money,
  • Advcash,
  • WebMoney,
  • Jeton,
  • Cryptocurrencies – BTC, LTC, ETH, and so on.

Legal documents specify that the broker can take up to 14 business days to process your payout request. This is quite long, and there’s no specification regarding when the money will show up in your account.

I Have a Problem With My Po Trade Account, What to Do?

If you experience any issues with your Po Trade account or withdrawals, share your story with us. Our chargeback experts and CipherTrace crypto analysts can help you prepare a detailed report for the authorities. With it, you can get in touch with the respective regulator, your bank, or law enforcement to start the recovery procedure.

Don’t give up. Book a free consultation now!

What Is Po Trade?

Po Trade is an online trading brokerage holding an offshore license from Mwali. If you experience any trouble with the firm, we might be able to help.

Does Po Trade Offer a Demo Account?

Yes, Po Trade offers its customers a risk-free Demo account with $10,000 in virtual funds.

Does Po Trade Give a Deposit Bonus When Opening an Account?

Yes, Po Trade offers its clients a 50% deposit bonus when registering a Live account.


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