When you are reviewing an online financial service provider, you must know how to identify fake websites, verify their regulation, transparency, and assess the reputation of the main stakeholders among users. InTrade Finance has many red flags that indicate it is most likely some type of scam and certainly an untrustworthy service. Here is a full review that provides multiple reasons investors should be very concerned.
- Website: https://www.intrade.finance/
- Website Availability: Yes
- Address: NA
- Warning: Not recommended by the review website like Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Ownership and Transparency Issues
One of the first ‘red flags’ about InTrade Finance is that the owner of the domain has hidden their identity using a WHOIS privacy protection service. This is not illegal; however, many scam websites engage in this practice to hide their identity, which means they cannot be held liable.
No Genuine Regulation Claimed
InTrade Finance states that they have membership with The Financial Commission (FC). But, as we stated earlier, FC is not a regulatory body and does not have any real capacity to regulate forex brokers. Real brokers have regulation from real regulatory bodies such as the FCA, ASIC, or the CySEC.
The absence of valid regulation is a typical trait of fraudulent platforms. This is a serious warning for anyone thinking of investing. Lack of oversight increases the likelihood of losing money, and complicates any effort to file a complaint against a company like this.
High-Risk Financial Products
Another important consideration is that the content on the site promotes high-risk financial services and high-risk and high-return investment strategies. This illustrates how they try to entice or lure inexperienced or desperate investors.
Lacking any regulatory options, investors who use a rogue site like this are potentially putting their funds at risk of being lost altogether without any potential remedies to pursue in the law.
Negative Social Media Presence
A quick search shows a historical pattern of negative sentiment about InTrade Finance on multiple social media platforms. Users reported suspicious behavior, blocking, and unresponsive support. Typically, platforms that have that kind of reputation involve scams and questionable platforms.
Frequently Asked Questions
1. Is InTrade Finance a regulated broker?
No, no recognized authority currently regulates InTrade Finance, which puts its interests on the higher end of the risk scale.
2. What’s wrong with the Financial Commission claim?
FC is NOT a regulatory body and has no legal authority to license brokers, which is deceptive.
3. Can I trust the investment services?
No. They lack regulation and often resemble one of those easy cons to make money off unsuspecting victims.
4. Is it bad that they hide their WHOIS data?
Yes, if it were from a scam perspective, yes, it is bad. Scammers often hide their domain ownership information for accountability and legal reasons.
5. How can I protect myself from investing platforms like InTrade?
Always check for regulations, read user reviews, and stay away from platforms promising faster and quicker high returns.
How to Recover Lost Funds?
If you’ve lost money to InTrade Finance or similar forex trading scams, you’re not alone. Victims of crypto scams, currency trading scams, and other scam brokers or shady platforms often struggle with scam money recovery.
We assist to recover money from scammers using proven strategies like chargebacks, dispute resolution, and legal action. Our team provides expert advice to help with scammed money recovery and guides victims through the entire recovery process.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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