InTrade

InTrade 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

Is 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.

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

Deposit and Withdrawal

InTrade doesn't impose deposit or withdrawal fees. The deposit minimum is $100.

Deposit Options

Withdrawal Options

Customer Service

Phone and online chat support are available 24/7 at InTrade.

Bonus

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.