Promises vs. Reality
TradePower portrays itself as a gateway to potentially lucrative opportunities in the financial markets. They inform users about the first-class technology, advanced trading platforms, and the most competitive trades executed from the UK, so some comfort is established, which can be at least reassuring at a glance.
Regulatory Red Flags
According to the Financial Conduct Authority (FCA) in the UK, TradePower is neither registered nor authorized. This is a serious warning sign, as there are no legitimate financial services in the UK unless they are registered with the FCA.
CONSOB Action Raises More Concerns
On June 20, 2025, the Italian financial regulator, Consob, put out a blackout order against TradePower, and rightfully so, since it looks like TradePower has been trading illegally to European residents, in particular, Italy.
Final Thoughts
The critical lesson for potential investors here is that you really do need to complete your due diligence and check the regulatory stance of the platform you are looking at, and then you will know whether it is safe to invest money. Otherwise, your money can be exploited by unregulated entities without protection by law.
Need help with fund recovery or legal consultation?
Contact us and see how expert professionals can help you against unregulated brokers and financial disputes.
Check more scam broker reviews here.
Leave a Reply