Poweroy Limited Review

About Poweroy Limited

Poweroy Limited is not registered with any recognized financial regulatory authority; no licence number or regulatory body is listed on its official website. Searches of the Financial Conduct Authority (FCA), the U.S. National Futures Association (NFA), the Commodity Futures Trading Commission (CFTC), and the Australian Securities and Investments Commission (ASIC) show no records of authorisation for Poweroy Limited. Regulators indicate that it operates without permission, rendering client funds unprotected.

Poweroy Limited’s corporate entity, POWEROY LTD (Company Number 13721904), was incorporated in the United Kingdom on 3 November 2021 but was officially dissolved on 24 January 2023, according to the UK Companies House. The registered SIC code indicates “non‑specialised wholesale trade”, which does not include financial or brokerage services.

The broker’s website claims availability of a web-based trading platform (referred to as “TradingWeb”), along with access to asset classes such as forex, commodities, indices, precious metals, and cryptocurrencies. However, no verifiable evidence supports the operational functionality of the platform or specifics such as spreads, minimum deposit, leverage, account types, base currencies, or Islamic/swap-free terms. No customer support channels other than email are disclosed. These details remain unsubstantiated.

Pros and cons

Cons

• Operates without any regulation—no registration with FCA, NFA, CFTC, ASIC or similar authorities.
• Corporate entity in the UK has been dissolved, indicating cessation of legal operation.
• Unclear or undisclosed trading terms and conditions—no details on leverage, spreads, account types, deposit/withdrawal methods, or fund protection mechanisms.
• Platform performance and legitimacy remain unverified; support limited to email.