interactivetrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-12 11:53

Abstract：interactivetrade is an unregulated brokerage company based in Switzerland. It offers Shares, Commodities, Indices, Futures, Metals, and Currency Pairs trading with leverage up to 1:400 via the MT4 platform. Demo accounts are not available and the minimum deposit requirement to open a live account is as high as $2 000.

　　Note:interactivetrade's official website:https://www.interactivetrade.com/ is currently inaccessible normally.

interactivetrade Review Summary
Founded	1997
Registered Country/Region	Switzerland
Regulation	No Regulation
Market Instruments	Shares, Commodities, Indices, Futures, Metals, Currency Pairs
Demo Account	❌
Leverage	Up to 1:400
Spread	/
Trading Platform	MT4
Minimum Deposit	$2 000
Customer Support	Phone: +41 565083272
Customer Support	Email: support@interactivetrade.com

　　interactivetrade is an unregulated brokerage company based in Switzerland. It offers Shares, Commodities, Indices, Futures, Metals, and Currency Pairs trading with leverage up to 1:400 via the MT4 platform. Demo accounts are not available and the minimum deposit requirement to open a live account is as high as $2 000.

Pros and Cons

Pros	Cons
MT4 available	Non-functional website
Multiple tradable products	No demo accounts
	Lack of transparency
	High min deposit requirement
	No regulation

Is interactivetrade Legit?

　　At present, interactivetrade lacks valid regulation. Please pay high attention to the safety of your funds if you decide to choose this broker.

What Can I Trade on interactivetrade?

　　According to the info we gathered, there are Shares, Commodities, Indices, Futures, Metals, and Currency Pairs on interactivetrade.

Tradable Instruments	Supported
Forex	✔
Futures	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　We didn't find any info about the account types. The only piece of info we know is that interactivetrade requires a very high deposit, up to $2000.

Leverage

　　The maximum leverage is up to 1:400. Please note that high leverage can amplify both profits and losses.

Trading Platform

　　interactivetrade offers MT4 trading software for clients. MT4 is an industry-leading platform for forex trading, which is not only suitable for beginners but also for the experienced.

Deposit and Withdrawal

　　Deposits can be made via Visa, Master Card, and “other” according to the Credit Card/Debit Card Transaction Confirmation Form. Its unclear if wire transfer is an option for deposits.

　　Withdrawal information is confusing. The Terms & Conditions say a request is processed within 30 days of account opening, but the next paragraph mentions processing times of up to 3 days. There are no withdrawal fees, though.