InTrade Forex Broker

InTradeBasic Information Registered CountriesUS RegulationUnregulated Minimum Deposit$100 Maximum Leverage1:400 Minimum SpreadVaries by account Trading PlatformWeb-Based, Desktop, Mobile Trading AssetsForex, Commodities, Cryptos, CFDs Payment MethodsBank Wire, VISA/Mastercard, Skrill/Neteller, Crypto Wallet Customer Support24/7 Phone, Online Chat Bonus AvailableYes Demo AccountYesInTrade 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 instrumentsUnregulated Low minimum depositNo Islamic account 24/7 customer supportNo support for MetaTrader 4Is 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 PlatformSupportedAvailable DevicesSuitable for Web-Based Platform✔Desktop, Mobile (iOS, Android)All traders (beginners to pros) Desktop Application✔Windows, MacOSAdvanced traders, professionals Mobile Application✔iOS, AndroidTraders on the go, casual traders MetaTrader 4 (MT4)❌Not availableNot supportedDeposit and Withdrawal InTrade doesn't impose deposit or withdrawal fees. The deposit minimum is $100. Deposit Options Deposit Options Min. DepositFees Processing Time Bank Wire Transfer$100None3-5 business days VISA/Mastercard$100NoneInstant Skrill/Neteller$100NoneInstant Crypto Wallet Transfer$100NoneInstant Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time Bank Wire TransferNot specifiedNone3-5 business days VISA/MastercardNot specifiedNoneInstant Skrill/NetellerNot specifiedNoneInstant Crypto Wallet TransferNot specifiedNoneInstantCustomer Service Phone and online chat support are available 24/7 at InTrade. Contact Options Details Phone1.48062426 EmailNot specified Support Ticket SystemNot specified Online ChatAvailable Social MediaNot specified Supported LanguageEnglish Website LanguageEnglish Physical AddressDomainsByProxy.com, 100 S. Mill Ave, Suite 1600Bonus 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.