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Power Trading

Moderate riskForex / CFD broker
🇦🇺 Australia · 2-5 years · since 2023-12-28 · Power Trading Limited
ASIC
Visit site ↗
—/5
★★★★★ ★★★★★
8 reviews ›
1
Licenses ›
6
Withdrawal issues ›
$100
Min. deposit ›
—
Max leverage ›
2
Account types ›
26/100
Scam risk ›
0
Clone sites ›
Accounts: STP · $100ECN · $5,000
▲ 13% positive▼ 50% negative
Independent ratingshow third parties score this broker
WikiFX3.2/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Power Trading? Our free assistant writes up your case and shows exactly what to do next →
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Power Trading operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing. We’ve logged 1 complaint(s) from United States.
26
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~75% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints7212%
Offshore registration108%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePower Trading Limited
Headquarters🇦🇺 Australia
Founded2023-12-28
Years operating2-5 years
Employees0
Official websitepowertradingltd.com
Trading conditions
Avg execution speed399.5 ms A
Avg slippage-6.2 AA
Swap ratingD
Trading cost ratingD
Monitored traders182
Monitored orders16,170
Funding & instruments
Deposit methods2 · MASTER, VISA
Withdrawal methods2 · MASTER, VISA
Instruments--
Registered address
Unit 225-12, 2nd Floor, MEGA CUBE, 8 WANG KWONG ROAD, KOWLOON BAY, HONG KONG

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
ASICForex Execution License (STP)426800AustraliaRegulated

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
STP--$100From 1.2--✓
ECN--$5,000From 0.0$3/lot (one-way)✓

Review analysis AI

Power Trading is a young, ASIC-licensed broker with limited public information and a guarded risk score. While regulatory status provides some reassurance, the conflicting foundation dates and Hong Kong address raise transparency concerns. Traders should approach with caution and verify credentials independently before committing funds.

Best for
  • Traders seeking ASIC-regulated oversight
  • Retail traders with a low minimum deposit preference
  • Users of the MetaTrader 4 platform
Not for
  • Traders requiring a long operational history
  • Those needing high transparency and detailed public information
  • Traders concerned about jurisdictional mismatches
Period:
What users complain about
What users praise
Where reviewers are from
Hong Kong2
Singapore1
United States1
Taiwan1
Netherlands1
New Zealand1

Real user reviews

Where Power Trading operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇹🇷 Turkey
🇦🇺 Australia Licensed
🇸🇬 Singapore 1 complaint
🇹🇼 Taiwan 1 complaint
🇺🇸 United States 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Power Trading says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

Power Trading describes itself as a forex broker founded in 2013 and registered in Australia. The broker's official website is hj-fx.com. According to its company description, it aims to provide traders with access to global financial markets.

Account Types

The broker offers two account types: STP (Straight Through Processing) with a minimum deposit of $100, and ECN (Electronic Communication Network) with a minimum deposit of $5,000. These accounts cater to different trading styles and capital levels.

Trading Instruments

Power Trading states that it offers trading in forex, precious metals, crude oil, and indices. This range allows traders to diversify across asset classes.

Leverage and Spreads

According to its website, Power Trading provides flexible leverage ranging from 1:100 to 1:400 and floating spreads. The broker claims this setup enables traders to optimise their trading strategies.

Trading Platform

Power Trading advertises the MetaTrader 4 (MT4) platform as its trading interface. MT4 is a widely recognised platform known for its advanced charting tools and automated trading capabilities.

About Power Trading

Who Is Power Trading?

Power Trading is a retail forex broker registered in Australia, founded on 28 December 2023. The company's registered address is in Kowloon Bay, Hong Kong, though its regulatory status falls under the Australian Securities and Investments Commission (ASIC). Power Trading holds an ASIC Forex Execution License (STP) with a status of 'Regulated'.

As a relatively young broker, Power Trading has limited public information available beyond regulatory records. Its official domain is hj-fx.com. The broker targets both retail and professional traders by offering two distinct account tiers.

Regulation and Licensing

Power Trading is regulated by ASIC under a Forex Execution License (STP). ASIC is a well-respected financial regulator, which provides a layer of oversight for the broker's operations. However, the broker's address in Hong Kong, outside Australia, may raise questions about jurisdictional clarity.

The ASIC licence number and exact status should be verified on the official ASIC register. Traders should note that regulatory protections may vary depending on the entity's compliance with Australian law.

Account Types and Minimum Deposits

Power Trading offers two account types: STP and ECN. The STP account requires a minimum deposit of $100, making it accessible to retail traders with smaller capital. The ECN account has a higher minimum deposit of $5,000, targeting more experienced traders who seek direct market access and potentially tighter spreads.

The broker does not specify maximum leverage for these accounts in the provided data. Leverage details are often subject to regulatory limits and client categorisation.

Trading Instruments and Platforms

Power Trading offers trading in forex, precious metals, crude oil, and indices. The broker does not disclose a complete list of instruments or contract specifications. The trading platform is MetaTrader 4 (MT4), a popular choice among forex traders.

No information is available on additional platforms, such as MT5 or web-based traders, nor on mobile trading capabilities. The broker's instrument coverage appears standard for a retail forex broker.

Company Background and Transparency

Power Trading was founded in late 2023, making it a relatively new entrant to the forex brokerage space. Its registered address in Hong Kong, while the broker is Australian-regulated, may indicate a multi-jurisdictional structure.

There is a discrepancy in the foundation year: regulatory records indicate 2023, while the broker's own description claims 2013. This inconsistency should be clarified by the broker. Overall, public information about Power Trading is sparse, which underscores the need for caution.

FXCanary Scam Risk Score

Our independent risk assessment gives Power Trading a score of 26 out of 100, categorised as 'Guarded'. This low score reflects the broker's limited track record, conflicting foundation dates, and lack of widespread user feedback.

Traders should interpret this score as a warning to conduct further due diligence before engaging with the broker.

Overview compiled by FXCanary from regulatory records and public data. full Power Trading review