Reported as a scam / unregulated
Why PowerRich is on the register
The website of PowerRich has become inaccessible without any prior notice. This is a significant indicator of a scam, as legitimate brokers always maintain their websites prominently to display essential information and facilitate trading. Even if the PowerRich site were still available, it would remain an unregulated broker. It is only registered with the Marshall Islands Registry (IRI), a privately held maritime and corporate registry service provider. The IRI is not authorized to issue licenses for or regulate forex trading activities. Therefore, mere registration with the IRI does not equate to financial authorization. In essence, PowerRich is not regulated by any governing body. Entrusting this broker with investors’ funds is highly risky, as there are no legal protections in place to safeguard these funds. Therefore, it is unequivocal that PowerRich is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.