General Information
Forex, Commodities And Cryptocurrencies Are Among The 150 Trading Instruments At InTrade. With A Minimum Deposit Of 100 Dollars And A Maximum Leverage Of 1:400, Flexible Account Types Are Opened. But The Broker Does Not Have A License, So Traders Are Exposed To Risk.
Advantages And Disadvantages
Advantages
- Wide Range Of Trading Tools
- Low Minimum Deposit
- 24/7 Customer Support
- Unregulated
- No Islamic Account
- MetaTrader 4 Is Not Supported
Disadvantages
Is InTrade Legal?
InTrade Is Not Regulated In The United States. Neither The FCA In The United Kingdom Nor The ASIC In Australia Regulates It, Raising Concerns Among Traders About Its Legality And Security.
Market Tools
On InTrade, There Are More Than 150 Trading Instruments, Including Forex, Stocks, Commodities, Index CFDs, And Cryptocurrencies. A Wealth Of Options Helps Traders Diversify Their Portfolios.
Account Types
InTrade Offers, Standard Account, Gold Account, VIP Account, Fixed Account, And Demo Account.
Standard Account Accounts Start At 100 Dollars, While Gold Accounts And VIP Accounts Are For Experienced Traders With Higher Deposits And Tighter Spreads.
Fixed Account Accounts Have Fixed Spreads, And Demo Account Accounts Offer Trial Trading. No Islamic Account
Leverage
InTrade Offers Leverage Of 1:400. Leverage Allows Traders To Hold Larger Positions With Less Capital, Potentially Boosting Gains. However, It Also Increases Risk, With Losses Just As Severe If The Market Goes Against The Trader.
Fees
InTrade Charges Industry Standard Fees. Transaction Costs Are Driven By Spreads, Which Vary By Account Type. Standard Accounts Have Larger Spreads, While Gold And VIP Accounts Have Smaller Spreads And Larger Deposits.
Trading Does Not Charge Commission Fees, While Overnight Positions Incur Swap Fees, Which May Increase Or Decrease Account Balances. For Traders Who Want To Avoid Overnight Fees, InTrade Offers Accounts With No Swap Fees.
Deposits And Withdrawals
InTrade Does Not Charge Deposit Or Withdrawal Fees. The Minimum Deposit Amount Is 100 Dollars.
Deposit Methods: Bank Telegraphic Transfer, VISA/Mastercard, Skrill/Neteller, Cryptocurrency Wallet Transfer
Withdrawal Methods: Bank Telegraphic Transfer, VISA/Mastercard, Skrill/Neteller, Cryptocurrency Wallet Transfer
Client Server
Phone And Live Chat Support Is Available 24/7 At InTrade.
