IntrGroups Review 2024
Minimum
deposit:
  • $250

Trading platform:

  • Proprietary web platform

IntrGroups Review 2024

Updated:
Updated: April 26, 2024

Summary of IntrGroups Trading Company

IntrGroups is a trademark of Mindworks Ltd registered in Saint Vincent and the Grenadines. This country’s financial regulator, the SVG FSA, has stated multiple times that it does not supervise the Forex and cryptocurrency markets. IntrGroups does not have licenses in other jurisdictions, which means the broker is not regulated.
Previously, on its official website, IntrGroups promised favorable conditions – 6 account types, variable spreads, and leverage up to 1:150. Now, the website is not available and there are a huge number of negative reviews from users who tried trading with this broker. Former clients point out groundless account blocking, denied withdrawal requests, fake quotations, and poor performance of the trading platform.
In January 2020, the British FCA (Financial Conduct Authority) published a warning that IntrGroups renders financial services without its authorization. The FCA also advised not to cooperate with unregulated companies so as not to lose money.

User Satisfaction i

10 comments
Total score:
2 /10

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huahyny
6 weeks ago

Don’t believe any promises on the IntrGroups website even if it is still available! It belongs to people who steal money from naive traders. About $1,000 was stolen from me. First, they convinced me to deposit more money and then simply didn’t let me withdraw it. None of my withdrawal requests were approved. I tried requesting both large and very small amounts, but to no avail. For about two months, they kept promising that a financial department specialist would contact me. I would call my manager several times a day, but instead of resolving the issue, he would just require more money to keep the margin at an acceptable level. Do not deposit funds into IntrGroups accounts – this is a pure scam.

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zhafira
8 weeks ago

Before opening an account with IntrGroups, I should have carefully studied the company’s history and read reviews. I didn’t do it and lost about $1,000. The website promised spreads from 1.6 pips, which turned out to be true. But tight spreads do not guarantee profitable trading. IntrGroups has a very slow trading platform that freezes at the most inappropriate moment, that is, right when the broker can use it. Consequently, orders are closed at wrong prices, so “fast execution” and “best quotes” are a deliberate deception. By the way, they never let me withdraw the remainder of my deposit. They just blocked my account without notice.

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gskumar27
15 weeks ago

I saw IntrGroups on Instagram. Paid ads are quite effective after all. I followed the link – it was a referral one, by the way – and began to study the conditions carefully. There were few specifics and the broker didn’t offer demo accounts, so I went looking for reviews. The first ones I found on Trustpilot were mostly negative. People accused IntrGroups of fraud and deception. I trust real trader reviews more than ads, so I decided not to open an account. My concerns about illegal operation of IntrGroups were also confirmed by the warning from the FCA. IntrGroups is a scam, no doubt.

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rajaramsh
35 weeks ago

IntrGroups stole less money from me than from other traders, but $250 is stil a significant amount for me. I’m glad I didn’t transfer more, although their representative called me several times, recommending an account with a minimum deposit of 10,000 euros. It only took me a month to double my account balance and I decided to withdraw part of my profit. Withdrawing $100 wasn’t a problem, so I kept trading calmly. A month later, I tried to withdraw $300, but my request wasn’t approved. They asked for my ID again. I provided it the same day and made another withdrawal request. This time, their dealing department representative called me and said I had broken the rules. Then my account was closed.

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margaride
43 weeks ago

As an inexperienced trader, I didn’t know how to choose a good broker and contacted IntrGroups. Not a single trade on their platform brought me income. At first, I thought it was due to my inexperience. But then I read reviews on the internet and realized I was dealing with light-fingered people who were slowly pocketing my money. The scheme was simple – I opened trades, they closed at a loss in any event, and the funds went to IntrGroups. At first, I tried to prove something to the support service, but then understood that it was completely useless. I never saw my money again – the scammers took all of it.

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senthamilarasu
6 weeks ago

I planned to make a minimum deposit and trade on a Basic account, but they managed to convince me to deposit $500. Don’t think that I did it in one payment. I would never entrust such an amount to an unregulated broker. At first, I deposited $250, but when actual trading showed quite wide spreads and execution delays, I decided to change the broker. I submitted a request to withdraw what was left in the balance and, right after that, I got a call from IntrGroups’ employee. He strongly recommended trying a channel with trading signals. I added another $250, as reviews of IntrGroups were mostly positive. But in the end, I lost my funds.

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cortezmo
25 weeks ago

I only traded with IntrGroups for a short while. I didn’t like the web platform, as its technical analysis features were very limited. And although spreads were moderate, I couldn’t trade profitably. IntrGroups’ execution speed is by far not perfect, just like the quotes. Once I realized this broker’s conditions were not suitable for me, I made a request to withdraw the rest of my deposit. It was about six months ago, but the request was never approved, so my money is gone. It’s impossible to reach them by phone. I only received standard email responses promising to notify the financial department about my withdrawal problem. Are IntrGroups scammers? They definitely are.

Trading Conditions for IntrGroups Users

💻 Trading platform: Proprietary web platform
📊 Accounts: No
💰 Account currency: No
💵 Replenishment / Withdrawal: No
🚀 Minimum deposit: $250
⚖️ Leverage: 1:1-1:150
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: From 1.6 pips on Basic accounts
🔧 Instruments: No
💹 Margin Call / Stop Out: No information
🏛 Liquidity provider: No
📱 Mobile trading: No
➕ Affiliate program: No
📋 Orders execution: Market
⭐ Trading features: No
🎁 Contests and bonuses: No

Contacts

Registration address Suite 305, Griffith Corporate Centre, Beachmont, PO Box 1510, Kingstown, St Vincent and the Grenadines.
Disclaimer:

Your capital is at risk.  Your capital is at risk.  79.43% of retail investor accounts lose money when trading CFDs with this provider. IntrGroups and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Why has IntrGroups been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against IntrGroups by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of IntrGroups is down, not updated or operates with clear errors and some features are not available;
• IntrGroups has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if IntrGroups got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why IntrGroups got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from IntrGroups?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if IntrGroups is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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