PowerRich
We checked PowerRich against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report PowerRich.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.