About PowerRich Market
Background and Registration
PowerRich Market operates under the official domain powerrichinternational.com and is registered in China. The company was founded on 14 April 2021, indicating a relatively short operational history. As a China-based entity, it primarily targets traders in the region, though its services may be accessible internationally.
Regulatory Status
A critical aspect of PowerRich Market is its lack of disclosed regulatory licences. Our records show no regulators on file, meaning the broker operates without oversight from any known financial authority. This absence of regulation elevates the risk profile for traders, as there is no independent recourse in case of disputes or financial misconduct.
Account Types and Minimum Deposits
The broker offers five distinct account types catering to different trader preferences. The ECN Account requires a minimum deposit of $1,000 and provides leverage up to 1:500. The Zero Spread Account demands a $500 minimum deposit with leverage up to 1:3000, while the Standard Account starts at $100 with the same maximum leverage. For smaller traders, the Micro Account requires only $5, and the Cent Account demands just $1, with leverage up to 1:1000.
Leverage and Trading Conditions
Leverage offered by PowerRich Market ranges from 1:500 to 1:3000 depending on the account type, which is extremely high and can amplify both profits and losses. Such high leverage is uncommon among regulated brokers and suggests a high-risk trading environment. Specific details on spreads, commissions, and trading platforms are not available from the known facts.
Target Audience
Given the low minimum deposits and high leverage, PowerRich Market appears to target retail traders with limited capital who seek high exposure. The Cent and Micro accounts are particularly suited for beginners testing strategies with small amounts. However, the unregulated status and elevated scam risk score of 51/100 indicate caution is warranted.
Precautionary Note
Independent public information about PowerRich Market is extremely limited, and we could not verify any operational details beyond the known facts. Traders should conduct thorough due diligence, including verifying the broker's claims through direct contact and checking for any warning lists from financial regulators. The absence of transparency is itself a significant factor to consider.
Overview compiled by FXCanary from regulatory records and public data. full PowerRich Market review