Introduction
PO TRADE is a broker firm that offers a variety of financial services including Forex and CFD trading. The firm is known for its advanced trading platforms, wide range of trading instruments, and professional customer service. This review examines the key features, benefits, and potential drawbacks of using PO TRADE as your broker.
Trading Platforms
PO TRADE provides its clients with access to several trading platforms. These include the popular MetaTrader 4 and MetaTrader 5 platforms, which are renowned for their user-friendly interfaces, advanced charting tools, and automated trading capabilities.
However, some users have reported issues with the platforms’ stability and speed, which can significantly impact trading efficiency and outcomes. It is important for potential clients to consider these factors when choosing a broker.
Trading Instruments
Forex Trading
PO TRADE offers a wide range of currency pairs for Forex trading, allowing traders to take advantage of the volatility and liquidity of the Forex market. However, compared to other brokers, the spreads offered by PO TRADE can be relatively high, which may impact profitability.
CFD Trading
In addition to Forex, PO TRADE also offers CFD trading on a variety of assets including commodities, indices, and shares. While this provides traders with plenty of opportunities to diversify their portfolios, it’s worth noting that CFD trading carries a high level of risk due to the use of leverage.
Customer Service
PO TRADE prides itself on its professional customer service. The firm offers 24/5 customer support through phone, email, and live chat. However, some users have reported delays in response times, especially during peak trading hours. This could potentially be a drawback for traders who require immediate assistance.
Regulation and Security
One of the main concerns when choosing a broker is the security of funds. PO TRADE claims to adhere to strict regulatory standards to ensure the safety of client funds. However, it is unclear which regulatory body oversees the firm’s operations, raising concerns about the level of protection offered to clients.
Conclusion
In conclusion, while PO TRADE offers a range of trading platforms and instruments, there are certain areas where the firm could improve. Potential clients should carefully consider the firm’s high spreads, potential platform issues, and unclear regulatory status before deciding to open an account. As always, it is advisable to conduct thorough research and consider multiple brokers before making a decision.
I had a terrible experience with PO TRADE. The customer service was non-existent, the platform was not user-friendly, and I encountered numerous technical issues while trying to execute trades. I would never recommend this broker to anyone. Stay away!
PO Trade provided a standard level of service with their trading platform and customer support.