Reported as a scam / unregulated
Why PowerTrend is on the register
ProwerTrend claims to be regulated by the Russia International Financial Market Relations Regulation Center (IFMRRC) with reference number: TSRF RU 0395 AA V0175. We searched IFMRRC and found a registered firm named PowerTrend. However, the reference number can not be matched. Besides, please be informed that IFMRRC is an non-commercial organization and does not regulate forex activities. Having registration does not mean having regulation. The truth is that PowerTrend is not overseen by any regulators. That means investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it 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.