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No Regulation
Score
1.26 /10
Danger
InTrade
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index5.09
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-17
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| InTrade | Basic Information |
| Registered Countries | US |
| Regulation | Unregulated |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:400 |
| Minimum Spread | Varies by account |
| Trading Platform | Web-Based, Desktop, Mobile |
| Trading Assets | Forex, Commodities, Cryptos, CFDs |
| Payment Methods | Bank Wire, VISA/Mastercard, Skrill/Neteller, Crypto Wallet |
| Customer Support | 24/7 Phone, Online Chat |
| Bonus Available | Yes |
| Demo Account | Yes |
InTrade Information
Forex, commodities, and cryptocurrency are among InTrade's 150 trading instruments. A $100 minimum deposit opens flexible account types. But the broker is unlicensed, so traders are at risk.
Pros and Cons
| Pros | Cons |
| Wide range of instruments | Unregulated |
| Low minimum deposit | No Islamic account |
| 24/7 customer support | No support for MetaTrader 4 |
Is InTrade Legit?
US InTrade is unregulated. The FCA in the UK and ASIC in Australia do not regulate it, raising concerns about its legitimacy and safety for traders.
Intrade.finance was registered on May 3, 2022, and will expire on May 3, 2025, according to WHOIS. Last modified September 6, 2024, the domain is restricted (clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited).
What Can I Trade on InTrade?
Over 150 trading instruments at InTrade include forex, equities, commodities, index CFDs, and cryptocurrencies. A wide selection of items helps traders diversify their portfolios.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ❌ |
| Stock | ❌ |
| ETF | ❌ |
Account Types
InTrade offers Standard, Gold, VIP, Fixed, and Demo accounts. Standard accounts start at $100, while Gold and VIP accounts are for experienced traders with higher deposits and tighter spreads. Fixed accounts have fixed spreads, and Demo accounts offer trial trading. No Islamic accounts.
Leverage
InTrade offers 1:400 leverage. Leverage lets traders hold larger positions with less capital, potentially improving earnings. However, it increases risk, making losses equally as severe if the market goes against the trader.
InTrade Fees
InTrade charges industry-standard fees. Trading costs are driven by the spread, which varies by account type. Standard has wider spreads than Gold and VIP, which have narrower spreads and greater deposits. Trades incur no commission fees, while overnight positions incur swap rates, which can boost or lower the account balance. For traders who want to avoid overnight fees, InTrade offers a swap-free account.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-Based Platform | ✔ | Desktop, Mobile (iOS, Android) | All traders (beginners to pros) |
| Desktop Application | ✔ | Windows, MacOS | Advanced traders, professionals |
| Mobile Application | ✔ | iOS, Android | Traders on the go, casual traders |
| MetaTrader 4 (MT4) | ❌ | Not available | Not supported |
Deposit and Withdrawal
InTrade doesn't impose deposit or withdrawal fees. The deposit minimum is $100.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Wire Transfer | $100 | None | 3-5 business days |
| VISA/Mastercard | $100 | None | Instant |
| Skrill/Neteller | $100 | None | Instant |
| Crypto Wallet Transfer | $100 | None | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Wire Transfer | Not specified | None | 3-5 business days |
| VISA/Mastercard | Not specified | None | Instant |
| Skrill/Neteller | Not specified | None | Instant |
| Crypto Wallet Transfer | Not specified | None | Instant |
Customer Service
Phone and online chat support are available 24/7 at InTrade.
| Contact Options | Details |
| Phone | 1.48062426 |
| Not specified | |
| Support Ticket System | Not specified |
| Online Chat | Available |
| Social Media | Not specified |
| Supported Language | English |
| Website Language | English |
| Physical Address | DomainsByProxy.com, 100 S. Mill Ave, Suite 1600 |
Bonus
InTrade offers a 40% Welcome Bonus (up to $2000) on new deposits, a 25% Stop Out Bonus to improve margin, and monthly rebate campaigns depending on trading volume. Cashback initiatives refund 50% of losses up to $500. iPhones and MacBooks are awarded for investment and trading lot criteria in product promotions. All promotions have terms, and InTrade can amend or cancel them.
The Bottom Line
InTrade offers a flexible trading platform with low entry deposits and several instruments. The lack of regulation may worry cautious traders.
FAQs
Is InTrade safe?
InTrade is unregulated, posing safety risks.
Is InTrade good for beginners?
Yes, beginners can use a demo account and low minimum deposit.
Is InTrade good for day trading?
The platform has leverage and fast executions for day traders.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client.
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