Intrade.Bar Mobile App: Main Features And Functionality
Intrade.Bar has yet to release a dedicated mobile application for its users as of this review, but traders can access its platform through third-party applications.
| IQCent | Deriv | Intrade.Bar | |
|---|---|---|---|
|
Mobile App Rating |
N/A |
N/A |
N/A |
|
User friendliness |
Good |
Good |
N/A |
|
Updates |
Yes |
Yes |
N/A |
|
Biometric and two-factor authentication |
No |
Yes |
N/A |
Mobile apps have become an indispensable tool for traders in the ever-evolving world of binary options trading. This review delves into the features and functionalities of the Intrade.Bar mobile app, providing insights for both novice and experienced traders.
How to download and set up Intrade.Bar app
While Intrade.Bar has no official app, traders can access its platform through third-party applications. Here's how to register an Intrade.Bar account:
Access the broker online. Navigate to the broker's registration form on Intrade.Bar. You can click on "Register," "Open demo account," or "Open deposit."
Fill in personal details. Provide your first and last name as they appear in your verification document. Ensure you provide a valid email address for account activation.
Choose an account type. Before proceeding, select the type of account you want - demo or real.
Complete registration. After filling in the required details, verify you're not a robot and click "Submit." Ensure the details are accurate to avoid future withdrawal issues.
Activate your account. Check your email for a registration link. Clicking this link completes the registration process and grants you access to your personal account.
Main features of Intrade.Bar mobile app
Trading platform. Intrade Bar stands out with its proprietary trading platform, designed for seamless browser access. This platform offers traders a high degree of customization, enabling them to set specific expiration dates for options, determine their bet amounts, and predefine acceptable profit and loss thresholds. Such flexibility ensures traders can tailor their trading experience to align with their strategies and risk appetites.
Liquidity and quotes. Reliable currency quotes are the backbone of effective trading. Intrade Bar, recognizing this, has forged a partnership with FXCM, a renowned liquidity provider. This collaboration guarantees clients the most accurate and up-to-date currency quotes, ensuring informed trading decisions.
Swift withdrawals. In the fast-paced world of trading, quick access to funds is crucial. Intrade Bar places a premium on ensuring swift withdrawals for its clients. While the platform commits to processing withdrawals within a brisk 5-15 minute window, traders should be cognizant of occasional delays, which might stretch this timeframe to 2-3 days.
Account security. Trust and security are paramount in the trading sphere. Intrade Bar underscores its commitment to client trust by maintaining an impeccable record; the platform has never blocked a single account throughout its operational history, underscoring its transparent and client-centric approach.
Transparent quotes. Informed trading hinges on access to real-time market data. Intrade Bar's platform offers a unique feature, allowing users to verify per-second currency quotes. These quotes, sourced directly from FXCM, ensure that traders are equipped with the most current market information, facilitating informed decision-making.
Client privacy. In an era where unsolicited calls have become a pervasive nuisance, Intrade Bar takes a stand for client privacy. The broker adopts a non-intrusive approach, refraining from making unsolicited calls to its clients. This policy not only emphasizes the broker's respect for client privacy but also fosters a more client-friendly trading environment.
Additional features of Intrade.Bar app
No bonus tying. Intrade Bar ensures hassle-free withdrawals, eliminating bonus ties that might complicate the process.
Transparent trading conditions. First-time site visitors can easily find support contacts, benefits, and specific trading conditions.
Security measures. The platform guarantees the security of traders' data and funds, though it's always wise to exercise caution.
Feedback mechanism. The platform values user feedback, using trader reviews to enhance its services.
Pros and cons of Intrade.Bar mobile app
👍 Pros:
• Risk management. In the volatile trading world, managing risks is paramount. The Intrade.Bar app recognizes this and introduces a distinctive risk management feature. This function empowers traders by allowing them to predetermine acceptable values for both potential profits and losses. By setting these parameters, traders can operate within their comfort zones, ensuring they neither overshoot their risk tolerance nor undersell their profit potential.
• Low minimum deposit. Financial barriers often deter many from trading. Intrade.Bar seeks to lower this entry threshold by enforcing a minimal deposit requirement. This approach democratizes access to the trading platform and encourages a diverse range of traders, from novices to seasoned professionals, to engage without heavy financial commitments.
• Diverse strategies. Every trader has a unique approach to the markets, influenced by risk appetite, market understanding, and trading objectives. Catering to this diversity, Intrade.Bar offers a choice between two primary trading strategies: Classic and Sprint. These strategies allow traders to align their trades with their market perspectives and profit goals.
👎 Cons:
• Limited trading instruments. While specialization can be an asset, it can also be a limitation. Intrade. In its current iteration, Bar's platform exclusively offers currency pairs for trading. This focus might deter traders interested in a broader spectrum of instruments like commodities, indices, or stocks.
• Offshore registration. Trust is a cornerstone in the trading industry. Intrade.Bar's offshore registration, combined with its lack of a formal license, might raise eyebrows. Potential traders might be wary of the platform's regulatory oversight, which could influence their decision to engage with the broker.
• Limited support. In a field that operates round the clock, continuous support is invaluable. Intrade.Bar's support service, however, has its limitations. It remains inaccessible during weekends and after 17:00 Moscow time. This restricted availability might pose challenges for traders seeking immediate assistance or those operating in different time zones.
FAQs
Is Intrade.Bar a Good Trading App?
Intrade.Bar doesn't offer a dedicated trading app.
What are the disadvantages of using Intrade.Bar?
The platform lacks trade copy services, offers limited trading instruments, and has offshore registration without a license.
Do people make money on Intrade.Bar?
Yes, many traders have reported profits using Intrade.Bar.
Is Intrade.Bar regulated or not?
Intrade.Bar is not regulated and doesn't possess a license.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.
His motto is: I can dream or I can do—I choose action.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.