Introduction to InterTrade FX Review:
InterTrade FX claims to be a top-notch broker that offers a wide variety of cryptocurrencies and CFDs on shares, indices, commodities, etc. Despite bragging about themselves a lot, InterTrade FX failed to win our support due to the terrible website they have designed and so many other red flags that will be revealed in his InterTrade FX review. If you are here to find out whether InterTrade FX is a scam broker or a legitimate broker, read till the end of the review and find out by yourself. If you have been a victim of InterTrade FX scam, stay tuned till the end for we have a surprise for you too.
Name: InterTrade FX
Address: Saint Vincent and the Grenadines
Leverage Offered: 1:400
Minimum Initial Deposit: Not Disclosed
InterTrade FX Review:
In this section of the InterTrade FX review, we will be revealing all the red flags that point us to the InterTrade FX scam. Stay tuned to know more.
INTER TRADE FX IS AN OFFSHORE BROKER
After the disappointment we had from the website, we quickly moved on to check where the company was based. After a lot of hesitation, we found out that InterTrade FX is actually based out of Saint Vincent and the Grenadines. For those who are not aware, Saint Vincent and the Grenadines is one of the famous offshore zones that is also famous for the huge number of scam brokers residing there. From this, it is clear that InterTrade FX is UNREGULATED and is a potential scam. This does not only give us a red flag against InterTrade FX but also brings us one step closer to the InterTrade FX scam in this InterTrade FX review.
INTER TRADE FX LIED ABOUT REGULATION
Another problematic aspect that we found in this brokerage firm is that they tried to fool the customers into thinking they are regulated when in reality they were not. On the website, InterTrade FX claimed to be owned and operated by another firm that is regulated. However, all of their lies soon revealed themselves with a quick glance at the license screenshots they had attached.
HUGE LEVERAGE OFFERED
The leverage plays a major role in deciding the fate of the trade who has invested their hard-earned money in the firm. IF the trader has opted for a huge amount of leverage, the risk induced will be equally high. Therefore, most of the regulatory authorities have set a limit on the amount of leverage that can be offered as a preventive measure. However, the scam brokers have no duty to adhere to these rules and therefore, InterTrade FX offers leverage up to 1:400 which is very huge and can cause the trader to lose.
Conclusion: Is InterTrade FX really a scam broker or a legitimate broker?
To sum up, all that has been stated above, we leave it upon you to decide whether InterTrade FX is a scam broker or a legitimate broker. However, after the alarming red flags revealed in the InterTrade FX review above, we would request our readers to steer clear of InterTrade FX. If you have been scammed by InterTrade FX, fill out the form and file a complaint with us. Read ZenGo Fx Review here.
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