Global Forex Broker Regulatory Inquiry APP

Score

1.61 /10
Danger

Power Function

United Kingdom

1-2 years

Regulated in United States

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

United States Common Financial Service License Unauthorized

Suspicious Overrun

High potential risk

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Comparison

Quantity 4

Exposure

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Website

Score

License Index 0.00
Business Index 5.29
Risk Management Index 0.00
Software Index 6.13
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Power Function Captial LTD

Company Abbreviation

Power Function

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2023-06-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0544730) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Power Function · Company summary

General Information

Power Function Captial LTD is a Financial Services Company registered in America, offering a series of forex and others products through the advanced MT5 trading platform.

Reguatory Information

POWER FUNCTION CAPTIAL LTD is authorized and regulated by National Futures Association (NFA), with Regulatory License No. 0544730.

Market Instruments

Trading products on the Power Function Captial platform include forex currency pairs, precious metals and energy.

Minimum Deposit

When it comes to minimum deposit, Power Function Captial does not make this part clear.

Leverage

The maximum trading leverage for forex trading is up to 1:100, which could satisfy most traders' trading strategies.

Spreads & Commissions

Power Function Captial advertises that it offers floating spreads, but does not specify detailed spreads on particular instruments.

Trading Platform Available

When it comes to trading platform available, Power Function Captial offers MT5 trading platform, to our surprise. Power Function Captial MT5 is available on Desktop, IOS and Android devices.

Deposit & Withdrawal

Power Function Captial only mentions that it support Bank Wire and Credit Card for traders to fund their accounts. There is no further information about deposit and withdrawal. Some other popular payment methods like PayPal, Skrill, Neteller, are unavailable.

Customer Support

Power Function Captial offers the poor customer support service. Although there are “Whatsapp” and “Line” logos displayed on its website, it is no response when you click these logos, which is quite weird. Whats worse, there is even no a telephone number or email address for clients to use.

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Steven2512
3-6months
Was drawn in by a woman named Kim I met on Whatsapp, encouraged me to join her in the "real world" of course I was allured. After a brief demonstration on Metatrader 5 I was convinced that she was trying to help me, I placed $500 and made a small return, she insisted I invest at least 10K Which I just didn't have, I put an additional $3000 and made another small return, balance was @ $4275. Tried to withdraw the account, log in no longer existed. Complete Scam
2022-12-29 19:10
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