Abstract：Does your PO TRADE account often witness losses? And as you win trades and earn profits, does the broker block your withdrawal access? Have you faced losses due to manipulative trade practices by the broker? Several traders have reported these experiences online, making us investigate the Saint Lucia-based forex broker. While investigating, we minutely screened these trader reviews of PO TRADE. In this article, we have shared their complaints. Take a look.
Does your PO TRADE account often witness losses? And as you win trades and earn profits, does the broker block your withdrawal access? Have you faced losses due to manipulative trade practices by the broker? Several traders have reported these experiences online, making us investigate the Saint Lucia-based forex broker. While investigating, we minutely screened these trader reviews of PO TRADE. In this article, we have shared their complaints. Take a look.
Complaints Pile Up Against PO TRADE
Profits Worth Millions of Dollars Vanished
Winning forex trades requires applying smart strategies in real time. That requires quick and accurate decision-making skills. Often these result in substantial profits for the trader. However, as the broker cancels the profits and takes away all that with it, the frustration for the trader is obvious. Here is one trader who earned 115 million dollars but could not withdraw it, courtesy of the brokers foul play. The screenshot below shows how things went from bad to worse for the trader.
The Trail of Losses, Profits and Withdrawal Blocks
With PO TRADE, traders often witness losses early, earn profit, and then face withdrawal blocks from the broker. This long journey, understandably, is frustrating for the trader. As a result, some traders raised a complaint regarding this breach of trading principles. Below, we have shared a couple of screenshots for you to understand the issue better.
Synthetic Pricing, False Regulation Claim and Transparency Issues
As per a trader, PO TRADE itself has admitted to driving synthetic pricing, meaning its price quotes may vary from regular market quotes. The trader even claimed that the broker has not disclosed liquidity providers and the evidence of external price feeds. Even more stunning is the false regulation claim made by the broker in this complaint screenshot. Take a look to know the matter in depth.
WikiFX Shares PO TRADE Review: Score & Regulation Status
While preparing a comprehensive PO TRADE review, WikiFX analyzed several parameters, such as growing trader complaints and regulatory status. The complaints sounded alarming, and so did the regulatory status finding. Yes, you heard it right! It is an unregulated forex broker, allowing it to bypass investor-friendly trading norms and pile up losses for traders. As a result, the WikiFX team assigned PO TRADE a poor score of 2.19 out of 10.
So, what's next for traders at PO TRADE and other suspicious forex brokers? Join WikiFX Masterminds.
Just a few steps, and you are part of it.
1. Scan the QR code placed right at the bottom.
2. Download the WikiFX Pro app.
3. Afterward, tap the ‘Scan’ icon placed at the top right corner
4. Scan the code again.
5. Congratulations on joining the group (ID:EODL15W5IH).
