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Industra Bank foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://industra.finance/en_LV/, about the company's legal and temporary regulatory information, the company's address .

Industra Bank Forex Broker

Basic Information

Registered Region

Latvia

Operating Period

Company Name

Industra Bank

Abbreviation

Industra Bank

Company employee

Customer Service Email Address

info@industra.finance

Contact Number

+371 67019393

Company Website

https://industra.finance/en_LV/

Facebook

https://www.facebook.com/IndustraBank

https://www.linkedin.com/company/industra-bank/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Industra Bank Review Summary Founded 2-5 years Registered Country/Region Latvia Regulation Unregulated Services & Products Loans for Business Growth, Investment Services, Brokerage Services, Deposits, Real Estate Financing Demo Account Unavailable Minimum Deposit N/A Customer Support Phone, email, WhatsAPP, Facebook, Twitter, Linkedin What is Industra Bank？ Industra Bank is a banking institution that was founded approximately 2-5 years ago and is registered in Latvia. Industra Bank offers a range of financial services and products. The bank offers two types of accounts - one for companies and one for individuals. Customer support is available through various channels such as phone, email. However, it is important to note that the bank is currently unregulated. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons A range of services and products Not regulated Multi-channel support to contact Complex fee items Pros of Industra Bank: - Wide range of services and products: Industra Bank offers a variety of financial services and products, such as loans for business growth, investment services, brokerage services, deposits, and real estate financing. This provides clients with diverse options to meet their financial needs. - Multi-channel support: Industra Bank offers multiple channels for customer support, including phone, email, WhatsApp, Facebook, Twitter, and LinkedIn. This ensures that clients have various means to reach out to the bank and seek assistance when needed. Cons of Industra Bank: - Not regulated: One major concern with Industra Bank is its unregulated status. The absence of regulatory oversight may expose clients to higher risks, as there is no government or financial authority monitoring the bank's operations. This lack of regulation could potentially impact the safety and stability of the bank. - Complex fee items: Industra Bank has complex fee structures. This can make it challenging for clients to understand and calculate the costs associated with their services. The complexity of fees will result in unexpected charges or difficulties in managing transaction costs. Is Industra Bank Safe or Scam？ The absence of valid regulation for Industra Bank leaves the bank without any government or financial authority overseeing their operations. This regulatory gap will pose a risk to potential investors or clients. The lack of regulatory oversight could indicate that the bank operates in a regulatory environment with the possibility of significantly higher risks, and the absence of regulations and oversight makes it difficult to monitor the bank's financial stability and ensure that customers' investments are protected. Services & Products Industra Bank offers a range of services and products tailored to the needs of businesspeople in Latvia, the Baltic States, and Europe. - Loans for Business Growth: Industra Bank provides loans to support the development and expansion of businesses. The loan amounts range from 100,000 to 4 million euros, with flexible repayment schedules. They also offer individual solutions to meet specific business needs. - Investment Services: Industra Bank offers investment services designed to cater to varying investment strategies and situations. They provide guidance and solutions for simple deposits, pensions, as well as more complex global investment market instruments. This allows customers to manage and grow their investments effectively. - Brokerage Services: The bank offers brokerage services that enable customers to engage in trading securities, such as stocks and bonds, on international markets. This provides access to a wide range of investment opportunities and allows individuals to diversify their investment portfolios. - Deposits: Industra Bank provides deposit services, allowing customers to securely store and grow their savings. Different types of deposit accounts are available, offering various interest rates and terms to cater to different financial goals and preferences. - Real Estate Financing: Industra Bank facilitates real estate financing, including home loans, land loans, and commercial property loans. This enables individuals and businesses to purchase or invest in real estate properties, whether for personal or business purposes. Accounts Industra Bank offers two types of accounts - one for companies and one for individuals. For Companies: Industra Bank focuses on co-operation with entrepreneurs of all sizes, including manufacturers, service providers, implementers of ideas and developers. Industra Bank offers a range of services designed to meet the unique needs of businesses, including transactional services, lending, deposits, and investments. For Individuals: An Industra account is designed to provide fast, modern, and simple access to everyday banking services. An individual can become a bank's customer remotely through a video call or by visiting the nearest customer service center. The account offers a range of features like savings, deposits, money transfer, and other everyday financial operations. However, Industra Bank also notes that there are several requirements and guides to open and maintain accounts. It is recommended that traders visit the official website or contact the company to learn about the details before opening accounts. Fees Industra Bank charges different fees for its services to both residents and non-residents, with fees varying according to different types of service. For residents, the bank provides a comprehensive list of fees on its website. For example, there are fixed fees for account opening, monthly maintenance, and online banking. In addition, there are fees for different types of transfers, such as domestic and international wire transfers, as well as fees for other services like lending, payment cards, and cash operations. The fees also vary based on the account type and transaction volume. They can click: https://industra.finance/en/price-list-for-residents/legal-entities to learn the specific fees charged by the company. For non-residents, the fees are different compared to residents. On its website, Industra Bank provides a separate list of fees for non-resident clients. The fees for non-resident clients differ depending on the services provided. These can include account maintenance, transaction fees, and other related services. They can click: https://industra.finance/en/price-list-for-non-residents/legal-entities. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +371 67019393 WhatsApp：+371 27677569 (chat only) Email: info@industra.finance Address: AS Industra Bank, Muitas iela 1, Rīga, LV-1010, Latvia Moreover, clients could get in touch with this broker through the social media, such as Twitter, Linkedin and Instagram. Conclusion Overall, Industra Bank offers a range of services and products for their clients. However, every trader should carefully consider the unregulated nature of the bank and weigh the potential risks associated with this. It is important to conduct thorough due diligence and assess the bank's policies, fees, and customer reviews to make an informed decision. Frequently Asked Questions (FAQs) Q 1: Is Industra Bank regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at Industra Bank？ A 2: You can contact via telephone: +371 67019393, WhatsApp：+371 27677569 (chat only) and email: info@industra.finance. Q 3: Does Industra Bank offer demo accounts？ A 3: No. Q 4: What services and products Industra Bank provides？ A 4: It provides loans for business growth, investment services, brokerage services, deposits, real estate financing. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Industra Bank broker review

Is Industra Bank safe or scam

Rating Index

Industra Bank Forex Broker - Complete Information Guide

1. Broker Overview

　　Industra Bank, established approximately 2 to 5 years ago, is a financial institution headquartered in Riga, Latvia. The bank operates as a private entity and primarily serves clients in the Baltic states and Europe. Industra Bank offers a variety of financial services, including loans for business growth, investment services, brokerage services, deposits, and real estate financing. Over the years, the bank has aimed to cater to both individual and corporate clients, focusing on providing tailored financial solutions.

　　The company has undergone significant development since its inception, striving to establish a foothold in the competitive banking sector. While specific milestones in its journey are not extensively documented, the bank's commitment to expanding its service offerings and improving customer engagement has been evident. Industra Bank operates under the name "Industra Bank" and does not have any publicly listed parent company or group affiliations.

　　Industra Bank's business model encompasses retail forex trading, investment services, and brokerage solutions, making it a versatile player in the financial services landscape. As a forex broker, Industra Bank aims to provide clients with a comprehensive suite of trading options and financial products.

2. Regulatory and Compliance Information

　　Industra Bank operates in an environment that currently lacks proper regulation, which poses potential risks for clients. According to various sources, the bank is unregulated, with no valid regulatory information available. This absence of oversight raises concerns regarding the protection of client funds and the overall stability of the bank's operations.

　　Specifically, Industra Bank does not hold licenses from major regulatory authorities, which is a critical factor for potential investors. The bank's regulatory status is a significant consideration, as it means there is no governmental or financial authority monitoring its operations. This lack of regulation can lead to higher risks for clients since there are no established safeguards or investor compensation schemes in place.

　　Industra Bank is also required to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, which are essential for preventing fraud and ensuring the integrity of financial transactions. However, the effectiveness of these measures may be compromised due to the bank's unregulated status. Investors are advised to exercise caution and conduct thorough due diligence before engaging with the bank.

3. Trading Products and Services

　　Industra Bank offers a diverse range of trading products and services to meet the needs of its clients. The bank provides access to various financial instruments, including:

　　Forex Trading: Industra Bank offers a selection of currency pairs, catering to both novice and experienced traders. The exact number of forex pairs available is not specified, but it includes major, minor, and exotic currencies.
　　CFD Products: Clients can trade Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies. This allows for a broad trading experience and diversification of investment portfolios.
　　Special Products: While specific unique trading products are not highlighted, the bank's offerings typically include various derivatives and financial instruments that appeal to different trading strategies.
　　Retail Trading Services: Industra Bank focuses on providing retail trading services that allow individual clients to participate in the forex and CFD markets with competitive pricing and execution.
　　Institutional Client Services: The bank may also offer services tailored for institutional clients, although detailed information on this aspect is limited.
　　White Label Solutions: Industra Bank offers white-label solutions, allowing other financial institutions to utilize its trading platform and services under their branding.
　　Asset Management Services: While specifics are not provided, the bank may offer asset management services aimed at helping clients manage their investments effectively.

　　Industra Bank's commitment to updating and expanding its product offerings is crucial for remaining competitive in the financial services market. However, the frequency of product updates and the introduction of new varieties have not been explicitly mentioned.

4. Trading Platform and Technology

　　Industra Bank does not support the widely recognized MetaTrader 4 or MetaTrader 5 platforms, which are popular among forex traders. Instead, the bank may utilize its proprietary trading platform, although details about its features and functionalities are scarce.

　　The bank provides a web-based trading platform accessible to clients, enabling them to execute trades and manage their accounts conveniently. Additionally, Industra Bank offers mobile applications compatible with both iOS and Android devices, allowing traders to monitor their accounts and execute trades on the go.

　　In terms of execution models, Industra Bank's exact execution mode (e.g., ECN, STP, Market Making) is not clearly defined in the available information. However, it is essential for traders to understand the execution process and any associated costs.

　　The bank's technological infrastructure, including server locations and overall technical capabilities, remains unspecified. Additionally, there is no mention of API access or support for automated trading, which may limit some traders' capabilities.

5. Account Types and Trading Conditions

　　Industra Bank provides a range of account types to cater to different trading needs. The specifics of the standard account conditions, including minimum deposit, spreads, and commissions, are not detailed in the available information.

　　Standard Accounts: The conditions for standard accounts, including minimum deposits and spreads, are not explicitly mentioned. Traders are encouraged to contact the bank directly for detailed information.
　　Advanced Account Types: The bank may offer advanced account types, such as VIP or professional accounts, although specifics are not provided.
　　Special Accounts: Information regarding special accounts, such as Islamic or corporate accounts, is not available.
　　Demo Account Policy: Industra Bank does not currently offer demo accounts, which may be a drawback for new traders looking to practice before committing real funds.
　　Leverage Ratios: The leverage ratios available for different products are not specified, but traders should inquire about the bank's policies on leverage.
　　Minimum Trade Size: Specific details regarding the minimum trade size are not provided, which is essential for traders to know before opening an account.
　　Overnight Fees Policy: Information about overnight fees, also known as swap rates, is not disclosed, and clients should seek clarification from the bank.

6. Fund Management

　　Industra Bank supports various deposit methods to facilitate client transactions. The available deposit methods include:

Bank Transfers: Clients can deposit funds directly from their bank accounts.
Credit Cards: The bank may accept credit card deposits, although specific details are not provided.
E-Wallets: Information regarding the availability of e-wallet options for deposits is not specified.

　　The minimum deposit requirements vary depending on the account type, but specifics are not provided in the available information. Clients should reach out to the bank for precise details.

　　Deposit Processing Time: The processing time for deposits is not mentioned, and clients should inquire about this aspect.
　　Deposit Fees: Information regarding deposit fees is not available, and clients are encouraged to clarify this with the bank.
　　Withdrawal Methods and Limitations: Industra Bank offers various withdrawal methods, but specific details regarding withdrawal limits and processing times are not provided.
　　Withdrawal Processing Time: The processing time for withdrawals is not specified, and clients should confirm this with the bank.
　　Withdrawal Fee Structure: Information regarding withdrawal fees is not available, and clients are advised to inquire directly.

7. Customer Support and Educational Resources

　　Industra Bank provides multiple channels for customer support, ensuring that clients can receive assistance when needed. The available support channels include:

Phone Support: Clients can reach out to the bank via telephone for inquiries and assistance.
Email Support: The bank offers email support for clients who prefer written communication.
Online Chat: Information regarding online chat support is not provided.

　　The bank's service hours and time zone coverage are not specified, which is essential for clients to know when they can access support.

Multilingual Support: The languages supported by Industra Bank are not explicitly mentioned, and clients should inquire about language options.

　　Industra Bank offers educational resources to help clients enhance their trading knowledge and skills. The types of educational resources available may include:

Webinars: Live online sessions covering various trading topics.
Tutorials: Step-by-step guides and instructional content.
E-books: Written materials on trading strategies and market analysis.

　　Additionally, the bank may provide market analysis services, including daily analysis, news updates, and research reports to keep clients informed about market trends.

Trading Tools: Industra Bank may offer various trading tools, such as calculators, economic calendars, and signal services, although specifics are not provided.

8. Regional Coverage and Restrictions

　　Industra Bank primarily serves clients in Latvia and the broader Baltic region, with a focus on the European market. However, specific details regarding the distribution of regional offices are not provided.

　　Major Service Markets: The bank's primary service markets include Latvia and neighboring countries in the Baltic region.
　　Regional Office Distribution: Information regarding the locations of regional offices is not available.
　　Countries/Regions Not Accepted: Industra Bank does not accept clients from certain jurisdictions, although the specific countries or regions are not listed.
　　Special Restrictions: Any additional restrictions related to client eligibility or account opening are not detailed.

　　In summary, Industra Bank operates as an unregulated forex broker based in Latvia, offering a variety of financial services and products. While the bank provides access to forex trading and CFDs, potential clients should be cautious due to the lack of regulatory oversight and ensure they conduct thorough due diligence before engaging with the bank.

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