Is Poweroy Limited a Scam?

At FXCanary, our safety assessments are built on a foundation of verifiable public records, regulatory registries and independent data sources — not on a broker's own marketing claims. We cross-check the legal entity, its official domain, its country of registration and any licences it holds against the registers of the relevant authorities. Where a broker has no independent user reviews, as is the case with Poweroy Limited, we rely even more heavily on these objective markers, and we treat any gaps in verification as a material finding in themselves.

Our Scam Risk Score is a composite measure that weighs several factors: the existence and validity of regulatory licences, the strength of the client-fund protection those licences afford, the transparency of the broker's corporate structure, and the presence of any red flags such as clone sites or a lack of verifiable web presence. For Poweroy Limited, we have assigned a Scam Risk Score of 42/100, which we classify as 'Guarded'. That score reflects a broker that is not clearly fraudulent but whose regulatory status and lack of verifiable presence demand caution.

Our records list Poweroy Limited as a United Kingdom-registered company, founded on 10 November 2022, with a single FCA licence on file: a Forex Execution License (STP), licence number 146311, with status listed as '—' (not specified). We cross-checked this licence against the FCA's public register, and while the number appears in our records, the status field is blank, which is unusual. A licence with an unspecified status does not provide the same level of assurance as one marked 'Authorised' or 'EEA Authorised'.

More critically, the company's own description states that 'Poweroy Limited is not authorized or regulated by any regulatory authority.' This is a direct contradiction with the licence on our file, and it is a significant red flag. If a broker itself disclaims regulatory authorisation, any licence number in circulation must be treated with extreme caution — it may be a misattribution, a lapsed authorisation, or even a cloned reference. In FXCanary's assessment, this contradiction alone elevates the risk profile substantially.

Had Poweroy Limited been a fully authorised FCA firm, clients would benefit from the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per eligible claimant, and from the Financial Ombudsman Service for dispute resolution. Authorised firms are also required to keep client money segregated from their own operational funds, and to adhere to strict capital adequacy rules. These protections are among the strongest in the world, and they are a key reason why FCA authorisation is so highly valued.

However, our records indicate that Poweroy Limited is not authorised, and the company itself confirms this. Without FCA authorisation, none of these protections apply. There is no FSCS safety net, no segregation requirement, and no recourse to the Ombudsman.

The licence number on our file, even if it were valid, appears to be for a 'Forex Execution License (STP)' — a category that, in the FCA's framework, does not exist as a standard retail licence type. This suggests the licence information may be inaccurate or fabricated. In practical terms, a client trading with Poweroy Limited would have no regulatory protection whatsoever.

Poweroy Limited claims to be headquartered in London, with branches in the United States, Vanuatu and Sydney, Australia. The mention of Vanuatu is particularly telling, as Vanuatu is a well-known offshore jurisdiction with a light-touch regulatory regime. The Vanuatu Financial Services Commission (VFSC) does license forex brokers, but its oversight is widely considered weak, and it offers no compensation scheme for clients. If Poweroy Limited operates a Vanuatu entity, that entity would fall outside the scope of any meaningful investor protection.

The company also claims branches in the US and Australia, both of which have robust regulatory frameworks (CFTC/NFA in the US, ASIC in Australia). However, our records show no licences in those jurisdictions, and the company's own description disclaims any authorisation. In our experience, brokers that tout multiple international offices but hold no valid licences in any of them are often using the prestige of those jurisdictions to create a false sense of legitimacy. The absence of any verifiable registration in these countries is a serious concern.

Our records indicate that no clone or impersonator sites have been found for Poweroy Limited. This is a double-edged sword. On one hand, it means that, as of our last check, there are no known fraudulent websites using the Poweroy name to deceive traders. On the other hand, the lack of any verifiable website or social-media presence — flagged in our risk assessment — means that the broker itself is nearly invisible online.

A broker with no verifiable web presence is a major red flag in the modern forex industry. Legitimate brokers invest heavily in their online infrastructure, including a functional website, customer support channels, and a social media footprint. The absence of these elements makes it difficult for traders to conduct basic due diligence, and it also makes the broker more susceptible to impersonation in the future. If a trader searches for 'Poweroy Limited' and finds nothing, they may be directed to a lookalike site that is not the real entity. We advise extreme caution when dealing with any broker that cannot be clearly identified online.

Poweroy Limited's company description claims it was 'established in 2002', yet our records show a founding date of 10 November 2022. This twenty-year discrepancy is a glaring inconsistency. It suggests either that the company is deliberately misrepresenting its history to appear more established, or that the information we have is incomplete. Either way, it undermines the credibility of the broker's disclosures.

The description also boasts of offering 'mainstream investment products covering forex, precious metals, energy and major global indices.' While this is a standard product range for a forex broker, the claim is unverifiable without a functioning website or trading platform. We could not independently confirm the availability of these products, nor the spreads, commissions, or leverage offered. In the absence of such verification, these claims must be treated as marketing statements, not facts.

Given the 'Guarded' risk score and the multiple red flags, our advice is to avoid depositing funds with Poweroy Limited until it can provide verifiable proof of regulation and a transparent corporate structure. If you are determined to proceed, we strongly recommend that you first confirm the FCA licence status directly on the FCA's public register, using the licence number 146311. If the status is not 'Authorised', do not trade. Also, check the company's registration at Companies House in the UK to verify its legal existence and filing history.

We also advise you to be wary of any unsolicited contact from individuals claiming to represent Poweroy Limited, as the lack of a verifiable web presence makes it easy for scammers to impersonate the brand. Never share personal identification documents or banking details until you have independently verified the broker's identity. Remember that legitimate brokers never guarantee profits, and any pressure to deposit quickly is a classic warning sign. In FXCanary's assessment, the prudent course is to walk away and choose a fully regulated broker with a verifiable track record.

In summary, Poweroy Limited presents a safety profile that is far from reassuring. The contradiction between the FCA licence on file and the company's own admission that it is not regulated is a fundamental flaw. The lack of any verifiable website or social media presence, the inconsistent founding date, and the mention of offshore jurisdictions all contribute to our 'Guarded' rating of 42/100.

We must be clear: this is not a definitive 'scam' verdict, because we have not found evidence of active fraud. However, the absence of independent user reviews, the regulatory contradictions, and the lack of transparency mean that the risk is substantial. For a cautious trader, the burden of proof lies with the broker, and Poweroy Limited has not met it. We will continue to monitor this entity, and we encourage any traders who have had direct experience with it to come forward and share their story, as that would help us refine our assessment.