INTRGROUP Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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The minimum deposit for the most basic type of account is as high as 10,000 euros, which is not normally set by regular brokers, but the 1:20 leverage they offer is in line with UK regulators' rules. Anyway, novices are not advised to trade with INTRGROUP. Stay away and choose other regulated brokers!
In the world of online trading, Intrgroup has garnered attention, but not all of it is positive. This review synthesizes various insights from current users and experts, revealing significant concerns regarding its legitimacy, user experience, and regulatory status. Key findings highlight the lack of regulation and numerous user complaints about withdrawal issues and service quality.
Note: It's crucial to consider that Intrgroup operates across different jurisdictions, which may affect its regulatory oversight and user experience. The analysis is based on a comprehensive review of various sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Regulatory Compliance | 1 |
How We Rate Brokers: Our ratings are derived from a combination of user feedback, expert analysis, and factual data collected from various reputable sources.
Founded in 2019, Intrgroup is a trading platform that offers a proprietary web trading application. The broker provides access to various asset classes, including forex, cryptocurrencies, stocks, and commodities. However, it operates without clear regulatory oversight, which raises red flags for potential investors. The absence of licenses from recognized authorities such as the FCA or ASIC is particularly concerning, as these regulators enforce stringent standards for financial service providers.
Intrgroup is based in Saint Vincent and the Grenadines, a jurisdiction known for its lax regulatory framework. This has led to significant concerns among users regarding the broker's legitimacy and the safety of their investments. According to Traders Union, the broker has been blacklisted by regulatory authorities due to multiple complaints about unfulfilled obligations, including withdrawal delays and account blocking.
The broker allows deposits in various currencies, but the specific options are not well-documented. Users have reported difficulties in withdrawing funds, often citing lengthy delays and unresponsive customer service. This has been a common theme in user reviews, as many expressed frustration over the inability to access their money promptly.
To open an account with Intrgroup, a minimum deposit of $250 is required. This threshold is relatively low compared to other brokers, but the lack of regulatory backing makes it a risky proposition for new traders.
Intrgroup does not appear to offer any significant bonuses or promotions, which is often a tactic used by less reputable brokers to attract new clients. Instead, the focus seems to be on enticing users with trading conditions that may not be as favorable as they initially appear.
The platform claims to offer a range of trading instruments, including over 25 forex pairs, various cryptocurrencies, stocks, and commodities. However, the execution and reliability of these offerings have come under scrutiny, with numerous users reporting issues related to order execution and market access.
While Intrgroup advertises competitive spreads, the actual trading experience has been marred by reports of hidden fees and poor execution. Users have noted discrepancies in quoted spreads and the actual costs incurred when executing trades, leading to a lack of trust in the platform's pricing model.
Intrgroup offers leverage of up to 1:150, which is attractive for traders looking to amplify their positions. However, this high leverage comes with increased risk, particularly in a volatile market environment, and should be approached with caution.
The primary trading platform is a proprietary web-based application, which some users have found lacking compared to more established platforms like MetaTrader 4 or 5. The absence of recognized trading software may deter more experienced traders seeking robust analytical tools and features.
Due to its unregulated status, Intrgroup may not be accessible to traders in certain jurisdictions, particularly those with stringent financial regulations, such as the United States and the European Union. This limitation could significantly reduce the broker's potential client base.
Customer support options appear limited, with many users reporting poor experiences when trying to resolve issues. The lack of effective communication and support in multiple languages further complicates the user experience, particularly for non-English speakers.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Regulatory Compliance | 1 |
Account Conditions (3/10): Intrgroup's minimum deposit requirement is relatively low, but the lack of regulatory oversight raises concerns about the safety of funds.
Tools and Resources (4/10): The platform offers basic trading tools, but the absence of established platforms like MT4 or MT5 limits advanced trading capabilities.
Customer Service and Support (2/10): User reviews indicate significant issues with customer service, including long wait times and unresponsive support.
Trading Setup (Experience) (3/10): The trading experience has been reported as inconsistent, with issues related to order execution and hidden fees.
Trustworthiness (2/10): Intrgroup's unregulated status and negative user experiences contribute to a low trust rating.
User Experience (3/10): Users have reported difficulties navigating the platform and accessing their funds, leading to a frustrating overall experience.
Regulatory Compliance (1/10): The absence of regulation from recognized authorities is a major red flag, making this broker a risky choice for traders.
In conclusion, while Intrgroup may present itself as a viable trading option, the significant concerns regarding its regulatory status, customer service, and user experiences suggest that potential investors should proceed with caution. The consensus from user reviews indicates a lack of trust and reliability, making it advisable to explore other, more reputable brokers for trading needs.
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