Poweroy Limited

Poweroy Limited is a company registered in the United Kingdom, with a stated incorporation date of 10 November 2022. According to our records, the firm operates under the domain poweroyfx.com and describes itself as a provider of online trading services, including forex, precious metals, energy and global indices. The company claims to have been established in 2002 and to be headquartered in London, with additional branches in the United States, Vanuatu and Sydney, Australia.

However, our records indicate that Poweroy Limited is not currently authorized or regulated by any financial regulatory authority. The company's own description acknowledges this lack of authorization, and it has received a very low risk score from industry databases. As of our latest data, the firm reports zero employees, which further complicates its operational profile. We advise readers to treat the company's claims with caution and to verify any information directly with official sources.

Our records list a single licence entry for Poweroy Limited under the Financial Conduct Authority (FCA) of the United Kingdom, with licence number 146311. The licence type is described as a 'Forex Execution License (STP)' and the status is marked as not specified. It is important to note that the licence number is taken verbatim from our records, but we have not been able to independently verify its current validity or the scope of permissions it grants.

Despite this licence entry, the company's own description states that it is not authorized or regulated by any regulatory authority. This contradiction raises significant questions about the actual regulatory status of the firm. We strongly recommend that traders check the FCA's public register directly to confirm whether Poweroy Limited holds any active permissions and to understand the exact nature of any authorization.

According to the company's own description, Poweroy Limited offers a range of mainstream investment products, including forex, precious metals, energy and major global indices. These are typical offerings for a retail forex and CFD broker, suggesting that the firm aims to attract individual traders looking for leveraged exposure to global markets.

However, we have not been able to verify the specific trading conditions, such as spreads, commissions, leverage or minimum deposit requirements, as these are not disclosed in our records. The lack of verifiable information about the trading platform, account types and execution model means that traders cannot make an informed assessment of the firm's services. In the absence of such details, we advise caution.

Poweroy Limited was incorporated in the United Kingdom on 10 November 2022, according to our records. The company claims to have been established in 2002, which would imply a much longer operating history, but this claim is not supported by the incorporation date. The discrepancy between the claimed founding year and the actual registration date is a red flag that warrants further investigation.

The company also claims to have branches in the United States, Vanuatu and Sydney, Australia, but we have no independent confirmation of these offices. The mention of Vanuatu is particularly noteworthy, as that jurisdiction is often associated with offshore financial centres that may have lighter regulatory oversight. We have not been able to verify the existence or legitimacy of these branches.

FXCanary's risk assessment gives Poweroy Limited a score of 42 out of 100, which is classified as 'Guarded'. This indicates a moderate level of risk, primarily due to the lack of verifiable website or social-media presence. The company's own description admits that it is not authorized or regulated, which is a significant concern for any trader considering using its services.

We also note that no clone or impersonator sites have been found, which is a positive sign, but it does not offset the regulatory and transparency issues. The combination of a recent incorporation date, zero employees, and contradictory claims about its history and regulation makes it difficult to recommend Poweroy Limited to any but the most risk-tolerant traders, and even then, only with extreme caution.

In summary, Poweroy Limited is a UK-registered company that claims to offer forex and CFD trading services, but its regulatory status is unclear and its own description admits to a lack of authorization. The company's claims of being established in 2002 and having international branches are not supported by our records, and the firm reports zero employees.

Given the limited independent information available and the red flags identified, we advise traders to exercise extreme caution. We recommend verifying any information directly with the FCA and other official sources before considering any engagement with this broker. The absence of verifiable public information is itself a warning sign in the forex industry.