Overview of InbaseTrader
InbaseTrader, operated by Inbase Holding Limited in the United States, offers trading services across various financial instruments such as forex, stocks, indices, cryptocurrencies, ETFs, commodities, and bonds. Despite claiming a Common Financial Service License from the NFA, independent verification shows that the broker lacks valid regulation and is categorized as Unauthorized. This raises concerns about its legitimacy, requiring potential clients to exercise caution and understand associated risks.
The broker provides three account types: Professional, Individual, and Demo, each catering to different trader needs. InbaseTrader offers leverage of up to 1:400 and varying spreads on different instruments. The INBASE CTRADER platform supports advanced charting, manual and algorithmic trading, copy trading, and is accessible across devices.
Educational tools include market analysis and an economic calendar, while customer support is available 24/5 through online chat, phone, and email. While InbaseTrader offers a diverse range of trading options, its regulatory status underscores the importance of careful consideration and risk assessment before engaging with the platform.
Pros and Cons
InbaseTrader presents a diverse selection of pros and cons. On the positive side, it offers a wide range of market instruments, including Forex, Stocks, Indices, Cryptocurrencies, ETFs, Commodities, and Bonds. It provides various account types to cater to different trader needs and preferences, along with leverage options of up to 1:400. The platform supports multiple payment methods. It features the comprehensive INBASE CTRADER trading platform, encompassing advanced charting, manual trading, and algorithmic trading capabilities. Educational tools for market analysis are available to assist traders. The absence of a minimum deposit requirement for most customers, except those from China and Brazil, is advantageous. However, the platform's unauthorized regulatory status is concerning. There's a lack of clarity surrounding withdrawal processing, and fees for credit/debit card deposits are notable cons. The platform offers limited types of accounts, and transparency on profit withdrawals is lacking. Additionally, while no minimum deposit is required for most regions, specific areas like China and Brazil have minimum deposit requirements. A detailed comparison between account types is absent, which could hinder users' decision-making process.
Is InbaseTrader Legit？
InbaseTrader, operating under INBASE HOLDING LIMITED, claims to hold a Common Financial Service License issued by the United States' National Futures Association (NFA) with license number 0557016. However, upon verification, it has been determined that the broker lacks valid regulation, and its official regulatory status is categorized as Unauthorized by the NFA. It is advised to exercise caution due to this abnormal regulatory status, as the broker exceeds the business scope regulated by the NFA. It is essential to be aware of the associated risks when considering any engagement with InbaseTrader.
Market Instruments
FOREX: InbaseTrader offers a range of foreign exchange (forex) instruments, including popular pairs like EURUSD, GBPUSD, and USDJPY, among others. Traders can engage in currency trading within these major pairs and more.
STOCKS: The platform provides access to various stocks, such as TESLA MOTORS, APPLE, and META, enabling traders to invest in the performance of these well-known companies and others.
INDICES: InbaseTrader offers trading in stock indices, including US Tech 100, Germany 40, and US Ind 30, allowing traders to speculate on the collective performance of stocks within these indices.
CRYPTOCURRENCIES: Traders can engage in cryptocurrency trading with instruments like Bitcoin, Ethereum, Cardano, and other popular cryptocurrencies available on the platform.
EXCHANGE-TRADED FUNDS (ETFs): InbaseTrader offers ETFs such as US Tech 100 ETF, SP 500 ETF, and iShares Russell 2000 ETF, enabling traders to invest in a diversified basket of assets represented by these ETFs.
COMMODITIES: The platform provides access to trading in commodities like Gold, Crude Oil, Brent, and more, allowing traders to speculate on the price movements of these physical goods.
BONDS: InbaseTrader includes bond instruments like Euro Schatz, Euro Bund, and Euro Bobl, enabling traders to participate in the bond market and its associated price fluctuations.
Pros and Cons
Account Types
PROFESSIONAL ACCOUNT: Tailored for experienced traders, the Professional Account grants access to advanced features while forgoing some retail client protections. An account manager assists in meeting trading needs. High leverage of up to 1:400 and a low forced liquidation level of 30% are available. Funds are bolstered by enhanced protection, potentially up to $1,000,000.
INDIVIDUAL ACCOUNT: The Individual Account offers rapid execution with an average time below 0.0004 seconds. No requotes or execution rejections provide optimal pricing. Protection against negative balance impact is provided. Additional insurance covers up to $1,000,000. Multiple account currencies are available, backed by expert customer service in 14 languages, 24/5.
DEMO ACCOUNT: The Demo Account provides a risk-free testing ground on a cutting-edge platform featuring exclusive tools and indicators. Perfect strategies before real deployment.
Pros and Cons
How to Open an Account
Opening an account with InbaseTrader involves the following steps:
Click on “Register 注册”: Visit the InbaseTrader website and click on the “Register” or “注册” button to begin the account registration process.
Register as Trader: Fill out the required information to register as a trader, including your Name, Nationality, and Country Code.
Provide Contact Details: Enter your Phone Number, Email, and create a Password for your account.
Share Personal Information: Provide details about your Occupation and Annual Income to help the platform understand your financial situation.
Specify Available Funds: Indicate the amount of Available Funds for Investment from the provided options, ranging from 250 to over 30000 USD.
Assess Financial Status: Describe your current financial status by selecting from options like Excellent, Stable, or Stressed.
Evaluate Investment Experience and Knowledge: Answer questions about your Investment Experience and Knowledge in trading.
Determine Risk Tolerance: Indicate your Risk Tolerance level, choosing between Conservative, Moderate, or Aggressive.
Select Trading Strategy: Specify your preferred Trading Strategy, whether it's Short-term Strategy, Wash Trading, High-Frequency Trading, Long-term Holding, or Copy trading.
Broker (IB) Program Interest: Choose whether you are interested in joining the Broker (IB) program by selecting Yes or No.
Special Platform Needs: If you have any special needs or expectations for the Forex trading platform, you can provide additional information.
Complete Registration: Once you've provided all the required information, click on the “Register” button to submit your account registration details.
Leverage
InbaseTrader provides leverage options of up to 1:400 for traders.
Spreads & Commissions
InbaseTrader provides forex trading with spreads beginning at 0.5 pips, engages in stock index trading with spreads commencing at 0.23 pips, features zero-commission cryptocurrency trading, and facilitates commodity trading with spreads as low as 0.007 pips for natural gas.
Fees
InbaseTrader's fee structure encompasses various aspects: Deposits involve converting Chinese Yuan to US Dollars via online payment systems (UnionPay), with a minimum deposit of $1050. Credit and debit card deposits incur a 1.5% fee for both UK/European Economic Area and international transactions. Within a 30-day period, up to 20 transfers are allowed, each capped at €15,000, with a cumulative limit of €35,000. Withdrawals for initial deposits made through credit or debit cards are returned to the same card, while profits necessitate bank transfers unless the deposit card is verified. The highest withdrawal per transaction is €15,000, and the 30-day cumulative ceiling is €50,000.
Promotion and Bonus
InbaseTrader offers a Friend Referral Program, allowing customers to earn up to $5,500 USD by introducing friends to the platform and receiving a 30% cash rebate. The program grants rewards of up to $5,000 to both the customer and their referred friend. Additionally, the Cashback Program provides rewards based on deposit amounts: $50 for deposits of $500-$1,999, $100 for deposits of $2,000-$4,999, $250 for deposits of $5,000-$9,999, and $500 for deposits of $10,000-$24,999. For deposits of $25,000 and above, specific details are not provided.
Minimum Deposit
Currently, there is no minimum deposit requirement for InbaseTrader, except for customers from China and Brazil, who are still required to make a minimum deposit of 500 USD. This applies to global (.com) customers, UK (co.uk) customers, and European (.eu) customers.
Deposit & Withdraw
InbaseTrader offers multiple payment methods for funding and withdrawals. These include bank transfers, credit/debit cards, Neteller, Skrill, AstroPay, and UnionPay. The processing times vary, such as credit/debit card deposits taking around 30 minutes for the UK and EU, and 3 hours for non-EU regions. Withdrawal fees are standardized, with bank withdrawals incurring a fixed fee of £9 and other methods like credit/debit cards, Neteller, Skrill, and AstroPay being free. It's essential to note that the processing times are reflective of InbaseTrader's handling time and may not account for the processing time of your financial institution. Additionally, same-day profits cannot be withdrawn, with requests being processed on the next working day.
Pros and Cons
Trading Platforms
InbaseTrader offers the INBASE CTRADER trading platform, catering to forex and contract for difference (CFD) traders. This comprehensive solution provides a range of features to accommodate various investment preferences. INBASE CTRADER offers advanced charting, manual trading, and order execution tools, presenting a user-friendly interface accessible on desktop, web, and mobile devices. Moreover, it includes revolutionary investment services like Inbase CTrader Copy, allowing users to become strategy providers and share trading strategies for commissions. For algorithmic trading, Inbase CTrader Automate provides a powerful and intuitive solution, empowering traders to develop trading robots and custom indicators.
Pros and Cons
Educational Tools
ANALYSIS: InbaseTrader offers a variety of educational tools for traders, including market analysis and financial news. Traders can access detailed insights into market trends and movements through articles such as “European Indices Open High on June 16, 2023” and “Outlook for the Week: Can the US Dollar Hold Up？” by analysts like Carolane de Palmas and Ricardo Evangelista.
ECONOMIC CALENDAR: InbaseTrader provides a financial calendar that offers information about upcoming economic events and their potential impact on the markets. This tool helps traders stay informed about key economic releases and announcements that could influence their trading decisions.
Customer Support
Experience our award-winning customer support available 24 hours a day, five days a week. Receive timely assistance through our online chat or submit your inquiries through the provided online form. Contact us via phone at +1 437-518-3121 or reach out through email at info@inbasetrader.com. Our headquarters are located at 168 Cannon Street Road, London, E1 2LH, United Kingdom. We are here to assist you with your trading needs.
Conclusion
In summary, InbaseTrader, operated by INBASE HOLDING LIMITED, claims to hold a financial license from the US NFA but is classified as unauthorized upon verification, raising regulatory concerns. It offers various market instruments like forex, stocks, indices, cryptocurrencies, ETFs, commodities, and bonds. Account types include Professional, Individual, and Demo accounts. Leverage is available up to 1:400, with spreads and commissions varying. The fee structure encompasses deposit and withdrawal methods. Referral and cashback programs are offered. The trading platform provides advanced features and educational tools. However, the abnormal regulatory status necessitates cautious consideration of InbaseTrader's offerings.
FAQs
Q: What should I do if I'm not eligible for a Professional Account？
A: You can trade with us as a retail client, accessing our next-gen trading platform with over 1000 CFDs to diversify your portfolio. Our award-winning customer support is available, but as a professional client, you'll have greater autonomy and certain retail protections may be waived.
Q: What are indices and why should I pay attention to them？
A: Indices are averages of assets, often stocks. They let you track market or industry performance instead of individual products. They're useful to gauge investor sentiment. Traders speculate around economic news, similar to forex. They offer a way to express economic trends affordably.
Q: Which indices do you offer and why are they important？
A: We offer major indices like S&P 500 (USA500), Nasdaq 100 (USATEC), Dow Jones Industrial Average (USAIND), DAX 40 (GER40), and FTSE 100 (UK100). They represent economies and sectors, aiding diversification and risk management in trading.
Q: What commodities does InbaseTrader offer for trading？
A: InbaseTrader provides various commodities. For example, in the hard commodities market: Brent Crude Oil, Copper, Diesel, Gasoline, WTI Crude Oil, and Natural Gas. In the soft commodities market: Cocoa, Coffee, Cotton, Orange Juice, Soybeans, Sugar, and Wheat.
Q: How does trading commodities work with InbaseTrader？
A: InbaseTrader offers different markets and products. Clients can trade spot energy CFDs and 14 highly tradable commodity futures. With diverse offerings, traders have more strategic options to capitalize on market shifts, especially during supply chain disruptions and beyond.
2024-07-11 09:37
2024-06-18 10:20
