InterCity Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-11 18:39

Abstract：InterCity is a United States registered offshore broker, offering three types of trading accounts with a maximum leverage of 1:300. However, the minimum deposit it requires is relatively high and its official website is inaccessible, so detailed information about the trading instruments and fees cannot be found.

　　Note: InterCity's official website: https://intercityglobal.com/ is currently inaccessible normally.

General Information

InterCity Review Summary
Registered Country/Region	United States
Regulation	No Regulation
Market Instruments	/
Demo Account	❌
Trading Platform	InterCity Trading Platform
Leverage	1:300
EUR/ USD Spread	/
Minimum Deposit	$1,000
Customer Service	Email, Phone

InterCity Information

　　InterCity is a United States registered offshore broker, offering three types of trading accounts with a maximum leverage of 1:300. However, the minimum deposit it requires is relatively high and its official website is inaccessible, so detailed information about the trading instruments and fees cannot be found.

Pros and Cons

Pros	Cons
Multiple Account Types	Lack of Legal Regulation
	No Demo Accounts
	Limited Info on Trading
	Unavailable Website
	High Minimum Deposit

Is InterCity Legit?

　　InterCity holds no regulatory license. It claims to have obtained permission from the Financial Conduct Authority (FCA) in the UK, but in reality, its so-called license blongs to Inter City Finance Ltd, a legitimate UK company with no relation to InterCity. You can refer to the following picture.

　　Additionally, several financial regulatory agencies in the European Union, including Spain's National Securities Market Commission (CNMV), Italy's CONSOB, and Belgium's FSMA, have stated that InterCity is a scam. This is because the InterCity website is actually a clone of a legitimate British company's site.

What Can I Trade on InterCity?

　　Since InterCity's official website is inaccessible, we have not yet acquired any information regarding its trading tools.

Account Type

　　InterCity offers three types of accounts: Starter, Pro and VIP. The minimum deposits for these accounts are $250, $5,000 and $10,000, respectively, which is relatively high in industry. In addition, the maximum leverage for both is 1:300.

Account Type	Mini Deposit	Max Leverage
Starter	$250	1:300
Pro	$5,000	1:300
VIP	$10,000	1:300

Trading Platform

　　InterCity purports to offer a reliable self-developed trading platform. However, since we cannot access the platform and it remains unregulated, you are advised to avoid trade on its platform.

Trading Platform	Supported	Available Devices
MT5	❌	/
MT4	❌	/
InterCity Trading Platform	✔	computer

Deposit and Withdrawal

　　InterCity claims to support payments through VISA, MasterCard, and Skrill. However, since InterCity's website is inaccessible, we cannot verify this information.

Customer Service

　　The official website of InterCity is inaccessible. As a result, no other information about customer service is provided except for email and phone.

Contact Options	Details
Phone	+44 (20)8097-3604
Email	support@intercityglobal.com
Supported Language	English
Website Language	English

The Bottom Line

　　InterCity is a broker that offers three types of trading accounts. The minimum deposit required is relatively high in the industry, set at $1,000. In addition, InterCity is not legally regulated, so you are advised to stay away from it.