Intrade.Bar began operations in the CIS countries in 2016. Intrade.Bar is not currently regulated by any government authority.
Is Intrade.Bar A Scam Or Legit? Is Intrade.Bar Safe?
Updated: October 12, 2023
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The main question here is about how trustworthy and safe Intrade.Bar is as a binary options broker. With so many online trading platforms popping up, traders need to know which ones are reliable to invest their money in. Intrade.Bar, an international Forex and binary options broker, has garnered attention in the trading community. This article delves into its features, pros, cons, and frequently asked questions to provide a comprehensive understanding of its legitimacy and operational standards.
Is Intrade.Bar legit?
Intrade.Bar presents as a new binary options broker.
Is Intrade.Bar legit in my country?
Intrade.Bar has garnered popularity in several countries. Residents of Ukraine, Belarus, Moldova, the United Kingdom, Uzbekistan, Kazakhstan, and Kyrgyzstan can become the broker's clients and avail of its services. This wide geographical reach indicates the broker's intent to cater to a diverse clientele.
Is Intrade.Bar regulated by governments?
Intrade.Bar is not currently regulated by any government authority. Traders should exercise caution and conduct thorough research before investing, as regulatory oversight typically enhances a broker's credibility and security.
The absence of government regulation for Intrade.Bar might raise concerns for some traders. Regulatory bodies often set standards and practices that brokers must adhere to, ensuring the protection of traders' funds and interests. While the lack of regulation doesn't automatically imply unreliability, it does underscore the importance of individual due diligence. Traders should assess the platform's features, reviews, and other relevant factors before making investment decisions.
Is Intrade.Bar a scam or safe?
Intrade.Bar is likely not a scam. The company initiated its operations in the CIS countries back in 2016, emphasizing providing favorable conditions for binary options trading. The broker collaborates with FXCM, a reputable liquidity provider, ensuring accurate client currency quotes. A standout feature of Intrade.Bar is its fixed payment on trades, ranging between 82% to 85%.
Intrade.Bar pros and cons
👍 Intrade.Bar pros:
• Risk management function. Intrade.Bar stands out with its distinctive risk management function. This feature allows traders to predetermine acceptable values for potential loss and profit. By doing so, traders can navigate the volatile trading world with a safety net, ensuring they don't exceed their risk tolerance. This proactive approach minimizes potential losses and instills confidence, granting traders greater autonomy and control over their trading activities.
• Low minimum deposit. Financial barriers often deter potential traders. Recognizing this, Intrade.Bar has set a remarkably low minimum deposit threshold. This inclusivity ensures that even those with modest financial means can access the platform and begin their trading journey. It's a testament to Intrade.Bar's commitment to making trading accessible to a broader audience, regardless of their financial standing.
• Diverse strategies. Every trader is unique, with distinct preferences and strategies. Catering to this diversity, Intrade.Bar offers two primary trading strategies: Classic and Sprint. Whether a trader prefers the tried-and-true methods of the Classic strategy or the fast-paced nature of Sprint trading, Intrade.Bar ensures they're covered. This flexibility allows traders to align their trading activities with their comfort levels and market outlook.
👎 Intrade.Bar cons:
• Limited trading instruments. While specialization can be an asset, Intrade.Bar's exclusive focus on currency pairs might feel restrictive to some traders. In a world teeming with diverse trading instruments, from commodities to indices, the platform's limited scope might not cater to all traders' interests, potentially sidelining those seeking a broader trading spectrum.
• Offshore registration. Trust is the bedrock of any financial transaction. Intrade.Bar's offshore registration and lack of a recognizable licensing authority might be a red flag for some traders. While offshore brokers aren't inherently untrustworthy, the absence of a regulatory body can raise valid concerns about the platform's credibility and the safety of traders' funds.
• Uninformative website. In the digital age, a broker's website is the primary interface with traders. Intrade.Bar's website, unfortunately, falls short of providing comprehensive educational tools and analytics. Furthermore, the limited availability of its support service, especially its inaccessibility post-17:00 Moscow time and on weekends, can significantly hinder traders seeking timely assistance.
FAQs
What is the minimum withdrawal from Intrade.Bar?
The minimum withdrawal amount from Intrade.Bar is $10. There isn't a specified maximum limit, allowing traders flexibility in accessing their funds based on their needs.
Is Intrade. Bar safe to use?
Intrade.Bar is considered a moderate-risk broker. It's important for traders to be aware that the platform isn't overseen by any specific government or authoritative body, which might be a consideration for some when evaluating its safety.
Is Intrade.Bar trade legit?
Intrade.Bar operates as a binary options broker and is recognized for its transparent trading conditions. Their commitment to clarity suggests a genuine intent to provide a fair trading environment for its users.
Can I withdraw money from Intrade.Bar?
Yes, Intrade.Bar facilitates automatic withdrawals from its platform. Traders can conveniently submit withdrawal requests at any time, ensuring they have access to their funds whenever required.
Team that worked on the article
Alamin Morshed
Contributor
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
Developmental English Editor
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.