✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

Is PO Trade company safe or unreliable? We will give you our detailed opinion in this section. Be sure to check out our full review for all the details!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about PO Trade and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitepo.trade
🏠 Company PO TRADE LTD
RegulatoryMohéli International Services Authority 
📌 AddressRodney Bayside Building, Rodney Bay, Gros-Islet, Saint Lucia
📈 PlataformOwn platform
📧 EmailDoes not mention it

Company:
🚨 PO Trade is owned by PO Trade LTD.

Location:
⚠️The PO Trade company claims to be located in Santa Lucia, a location that you should avoid. Depositing your funds with a company based here involves taking considerable risk without protection. We recommend exercising caution and reconsidering your investment options.

We can already tell you that we are concerned about several characteristics of this company.

What is PO Trade?

After thoroughly examining the company's website, we can conclude that PO Trade is actually a forex broker.

Account types

The company does not provide information about having different types of accounts.

Information on the web

Is PO Trade scam scam?

Here we show you a screenshot of the PO Trade website, which is po.trade. The capture was made in May '2024.

Contact: phone numbers and email

Regarding contact details, this company does not provide any email or phone number. What does this lack of information tell us? The absence of contact details is an alarming sign. What would happen if a problem arose or you needed to make a query? Without a direct form of communication, the situation becomes worrying.

PO Trade Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

PO Trade declares to be regulated in Mohéli, a jurisdiction known for its regulatory laxity. This choice of location raises concerns about the safety and security of customers, as regulation in this country may not offer the same level of safeguards as in other stronger jurisdictions. Consequently, working with this company from a regulatory point of view is quite risky and unreliable.

🚫 PO Trade final valuation 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of PO Trade and we have reached the following conclusions about this company:

Location: They mention being located in an unsafe location like Santa Lucia. This raises serious questions about the company's credibility and transparency.

Please remember that the company has been denounced by different financial regulators (in this case the CNMV, National Securities Market Commission). Use EXTREME CAUTION.

The company also does not mention any means of contact; If you need to contact them for an emergency, how will you do it? Please be careful.

After detailed analysis, PO Trade has been identified as a forex investment broker with a questionable reputation. The company claims to be based in Saint Lucia, an unusual location in the financial world and one that raises questions about its credibility and transparency. In addition, PO Trade has been the subject of complaints by the National Securities Market Commission (CNMV), indicating possible problems and risks for clients.

Another worrying aspect is PO Trade's claim to be regulated in Mohéli, a jurisdiction known for its regulatory laxity. This choice of location raises serious concerns about the safety and security of customers, as regulation in this country may not offer the same level of safeguards as in other stronger jurisdictions. Therefore, working with this company from a regulatory point of view is quite risky and unreliable.

Furthermore, the presence of online customer complaints about PO Trade reinforces concerns about its reputation and the quality of its services. Given these warnings, investors are advised to exercise extreme caution when considering any type of trading relationship with PO Trade.

🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨

Updates

➡️ News about PO Trade:

Date Update – news
October 2023Both the name of the broker, the logo and the design of the website remind us a lot of the broker Pocket Option, a company with a large number of complaints.
May 2024Complaint against PO Trade of financial regulator CNMV, National Securities Market Commission

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with PO Trade.

At the end of the review you will find customer comments.


How to Claim Money Scammed by PO Trade

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report PO Trade

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to PO Trade?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report PO Trade?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is PO Trade reliable?

No. PO Trade is not trustworthy, it is a very unsafe company: Unsafe regulation in Mohéli, unreliable location in Saint Lucia and complaint from the regulator CNMV, National Securities Market Commission.

How to recover money from PO Trade?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Is PO Trade a scam? Opinions»

  1. Guadalupe Reply

    This company is a scam. I assure you, they didn't let me withdraw, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hello Guadalupe, thank you for writing about PO Trade. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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