Independent rating of Forex broker Intrade.bar
0/10 (votes 100)
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On-line since
2016
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Country of origin
Saint Vincent and the Grenadines
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Regulation
-
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Payment options
wire transfer, bank cars, e-wallets
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Minimum account size
$10
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Minimum lot size
$1
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Leverage
-
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Spreads
-
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About company. Security of funds
Intrade.bar is a binary options broker operating in the market since 2016. The company is registered in Saint Vincent and the Grenadines.
The first thing you notice when looking through the broker’s website is its attempt to convince clients that the company offers the most rapid money withdrawals. Intrade.bar boasts that clients' funds were transferred within just 50 minutes even at the very start of the company’s operation. Today, according to the broker, customers can withdraw their funds in just 7 minutes. Since 2019, FXCM has been a liquidity provider for Intrade.bar.
The broker is not regulated. Besides, the company has several recently created websites which undermines its credibility. Curiously, the citizens of the Russian Federation cannot access these websites.
Trading conditions
Intrade.bar has its own trading platform, TradingView, which can be used only on PCs as there is no mobile version available.
The broker offers its clients a limited choice of trading instruments which include currency pairs and gold. Traders can also try their hand at a demo account first. When trading on a live account, the minimum deposit starts from $1 or 50 RUB while the maximum deposit is $500 or 25,000 RUB. The minimum deposit for trading gold is $10 or 500 RUB and the maximum one is $250 or 12,500 RUB.
No commission is charged for money withdrawals. However, the broker withholds 80 RUB or 3% when withdrawing money to bank cards. In case you want to get your funds to an e-wallet, you will be charged an average of 2.5%. A 5.5% commission is charged when withdrawing to Payeer. If the requested amount exceeds $100 or 7,000 RUB and the trading turnover has been more than 150% after the last deposit, you get the exact amount indicated for withdrawal.
As we have mentioned above, the company promises its clients a rapid withdrawal process within a matter of minutes. Withdrawal requests are processed during business hours from 09:00 to 17:00 Moscow time. The broker requires no verification given that the client wants to withdraw funds in the same way he/she made a deposit. However, if the withdrawal method is different, clients will need to submit documents confirming their identity.
Customer support
To contact company managers, traders can use a live chat on weekdays from 09:00 to 17:00 Moscow time. The broker promises that the support team will reply within 1 minute.
Traders’ reviews
Plenty of negative comments about the broker can be found on the Net. Traders complain that the company blocks their accounts for no reason and gives warnings. Moreover, users complain about inaccurate charts and weak customer support. Traders openly admit that the company is a fraud and warn others against working with it.
Pros and cons
A swift money withdrawal and the possibility to open trades in just one click are among the advantages of the company. A demo account can also be considered a plus.
Despite the above-mentioned pros, such disadvantages as no regulation, several recently created websites, and a large number of negative reviews spoil the overall picture.
