Intrade.Bar – reviews and review of a transparent binary options broker

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Intrade.Bar is a transparent binary options broker

вњ… This Trading Platform is available in United States

Overview of the transparent binary options brokers: Intrade.Bar

The rapid growth of most areas of human activity, which has been observed since the 20th century, has caused global changes in the global economy. And this concerns not only industry, agriculture, construction or finance. As one philosopher put it (unfortunately, his name was not preserved for future generations): everything changed, only the wheel and the shovel remained the same as a thousand years ago. But, this is only a small deviation from the main topic of the review, the purpose of which is to show the reader how to make money with the help of the binary options broker Intrade.Bar. Many potential (and often promising) traders, without economic education, are frightened by such categories as broker, binary option, spread, lot, etc.

Very often for them acquaintance with online commerce ended at the first (introductory) stage. But, in fact, they lose a real opportunity to earn good money. After all, each of the reputable traders, receiving a good income, once also did not understand these “magic” words and did not guess how the global financial market works. The presented information is a good assistant for everyone who wants to study the algorithm of his work, and find out which assets can be used to make a profit. So, let’s proceed to the analysis of activities that have become very popular binary options broker over the past two years.

Why the binary options broker Intrade.Bar attracts online traders ?

For many citizens (without economic education), the expression “binary options broker” is associated with complex operations that only trained specialists, gurus of the financial world, can deal with. In fact, everything is much easier. And if you set a goal – to learn how to work in the financial markets in this sector, even ordinary housewives can cope with this task.

The binary options broker in question was established in 2020 (Mr Axiano managing company). Despite the “youth”, he managed to create his own customer base, which, judging by the feedback left in the network, is fully satisfied with the cooperation with this legal entity. What is quite a rare case in this field of activity.

User security of Intrade.Bar

A binary options broker is managed by smart enough people who calculate their activities a few steps ahead. At the same time, the safety of their customers comes first.

в—Џ Despite the fact that Intrade.Bar lags behind many brokers in terms of capitalization, number of users, or monthly turnover, it has never refused to its decent clients to pay their earnings.

в—Џ The administration of the web resource very nicely bypassed the partial ban on binary options in the EU countries. They registered and opened their headquarters in Edinburgh (the capital of Scotland), which in the near future, as part of the UK, will leave the EU.

в—Џ Clients of the broker five days a week can contact the best specialists of the company to solve financial, technical or legal issues.

в—Џ In all the nuances of its activities, the broker adheres to the rules of reliability, openness and transparency.

в—Џ The creators of the resource have not installed an application for mobile devices on Intrade.Bar, reasonably believing that this will have a positive impact on the security of customers. But they will have to get used to the fact that access to the service will be only through stationary communication channels.

в—Џ But modern software reliably protects personal information, transactions and financial resources of clients.

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Intrade.Bar Regulators

Many traders refuse to register on Intrade.Bar login, believing that a broker without documents and licenses to provide financial services may disappear at any time with their clients’ money. The service administration has a different opinion on this issue:

1. Give hundreds of thousands of euros for a license – not rational. It is better to use this money for the development of Intrade.Bar.

2. The owners of the service also refuse to pay 4-20 thousand euros for ordinary paper. They believe that this money can be spent on charity, the development of children’s sports, medicine, etc.

And very many traders fully agree with them. Few people trust the institution issuing documents for 5 thousand euros. And to make a small renovation in the gym is a real benefit to both young people and their parents, who will know that their child is in the gym, and does not drink dubious beer in a “sports” cafe.

But this resource has a document from the Russian Federation issued by the Center for Regulation of Relations in Financial Markets (which, due to recent events in the world, and the low cost of a license – about 4 thousand euros, is practically not quoted in this segment of financial services). Additionally, there is a demo account developed on Intrade.Bar, which allows making deals using virtual currency.

Rules developed by the administration of the Intrade.Bar

There are three trading modes on this web resource:

1. Classic. Payment of 77% of total profits, expiration time – 5 minutes.

2. Sprint. Payout up to 80%. Expiration from 3 to 500 min. +/- three minutes, the payout percentage is reduced yes 77.

3. Random. Expiration – 5-500 min., Payout 97%.

According to the reviews compiled about Intrade.Bar, these indicators are considered among the most loyal to users of this and similar resources.

Key factors of trading conditions

в—Џ Deposit amount – from $ 10.

в—Џ The minimum bid is 20 cents.

в—Џ Account currencies – Russian ruble, US dollar.

в—Џ Possible payments – up to 97%.

● The “risk management” option is functioning.

в—Џ Bonuses – provided.

How to deposit and withdraw money Intrade.Bar

Despite the rather limited functionality in this regard, when compiling reviews about Intrade.Bar, it seemed that users are completely satisfied with these conditions:

в—Џ This is VISA / MasterCard for plastic cards.

в—Џ Yandex money.

в—Џ MIR and others.

Intrade.Bar Assets

To perform basic functional operations using this broker, you must select an asset (for example, a currency pair, time to complete a transaction and the amount that the client is willing to put on the selected transaction).

InTrade Bar Review – is intrade.bar scam or good binary options broker?

Trading Accounts and Conditions

Trading account Min. deposit Min./Max bet size Payout
Standard $10 $1/$500 79% on EUR/USD

InTrade Bar is actually not a name of a bar, as one might think. This is a binary options broker that appears to have its origins in Russia, but claims to be registered in the UK. Unlike most binary options brokers, this one offers its clients a single trading account and promises high profits in a matter of minutes. The question, however, is whether it’s safe to invest with it. Read on and decide for yourselves.

InTrade Bar Advantages

Low min. deposit and low min. bet size

The minimum bet size with InTrade Bar is also among the lowest in the industry, amounting to $1, while the minimum amount to open an account is just 10 bucks or 500 RUB. Such low minimum investment amounts allow better risk management.

A lot of payment methods

Apart from using major credit/debit cards like Visa and MasterCard, InTrade Bar also works with Yandex, Perfect Money, Qiwi, Web Money, IBOX, and AdvCash. The majority of these e-payment systems are mostly popular in Russia and former Soviet Union countries.

Demo accounts available

Another good feature of InTrade Bar is that it offers free demo accounts for testing purposes, which is quite unusual among binary options brokers in general.

InTrade Bar Disadvantages

No regulatory oversight

InTrade Bar is allegedly owned and operated by a company with the unusual name Mr Axiano LP. The latter is registered in Scotland, UK. Of course, it is not authorized by the Financial Conduct Authority, nor by the local gambling commission, as binary options trading was banned across Europe last year.

Curiously, the broker claims that ESMA’s ban does not affect InTrade Bar because of Brexit:

Of course, this is not true. By the time of writing this, the parties have not made a Brexit deal, so the UK is still a EU member. Nevertheless, what is more important is the fact that InTrade Bar does not operate legally, and is not subject to any regulatory oversight. This means that clients of this broker are quite vulnerable, because there is no authority to which to turn to in case of fraud. And fraud happens quite often in the trading world.

Unproven web platform

As most binary options brokers, this one also offers its services on a web-based platform. InTrade Bar’s trading interface is simple, but lacks any analytics and advanced tools other platforms support. Actually, it feels like a cardboard cut-out with charting powered by TradingView and quotes from major brokerage Forex.com. Here is a snapshot:

InTrade Bar’s platform. Click on the image to zoom in.

Withdrawal fees and issues

When we went through the broker’s client agreement, as we always do when reviewing a certain company, we came across some disturbing clauses. First, InTrade Bar charges fees on withdrawals, which might reach 8% of the amount withdrawn, depending on the payment methor, which is quite high.

And second, the broker reserves the right to temporarily impose limits on the withdrawal of funds equal to the amount of deposits for the last 30 days.

Payouts not that high

Although InTrade Bar promises returns as high as 84%, when we tested its platform, we say that the payout percentage on EUR/USD is just 79%. Most brokers offer at least 83% in payouts.

Conclusion

InTrade Bar is a Russian binary options broker registered in the UK. It promises high returns in a matter of minutes, but the payouts we saw on the platform are not impressive at all and the platform itself does not seem reliable.

As usual, our main concern with this broker is that it is not licensed to offer financial services or advise by any governmental agency. Unfortunately, the trading world is full of scams, most of which are operating illegally, like InTrade Bar.

That is why it is extremely important that traders are well-informed and invest solely in reputable and licensed brokerages. There are many such companies offering forex trades, which are more or less similar to binaries. Below, you may find a list of such brokers authorized by one of the most prestigious financial agencies, the Financial Conduct Authority in the UK.

Let’s sum up our recap of InTrade Bar in a few words:

Pros Cons
Low min. deposit and low min. bet size Light regulation, if any at all
A lot of payment methods Unproven web platform
Demo accounts available Withdrawal fees and issues
Payouts not that high
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Binotrade – binary options broker review

✅ This Trading Platform is available in Russia

Binary Trading Companies Review: Binotrade

Modern financial markets allow you to earn on them, even without special education and skills. But there are several important points that every potential trader should know about:

● In this business, the likelihood of losing your savings is higher than making decent money.

● Among decent brokers who provide access to liquid assets, there are many scammers and companies that use a wide variety of schemes to deceive their customers (the so-called “kitchens”, bookmakers, etc.).

● Among the feedback on the participants of the global financial market is a fairly large percentage of registered customers (competitors distribute negative information, and the owners of the company – positive).

● When compiling a general overview of the company you are interested in, consider objective information about it and the opinions of reputable analysts.

In order to better remember and understand how the above recommendations work, consider Binotrade, a binary options broker that does not belong to the “elite”. But, according to some of his clients, he may in the near future take a strong position in the global financial market, specializing in binary options.

What attracts a modest company Binotrade to Internet traders?

Practically in any field of activity the first thing that potential clients of the company pay attention to is its age. Is it logical I guess, yes. The more a broker works, the better he knows all the nuances, methods of making a profit, the capabilities of competitors, etc. But, in each case there are certain exceptions. For example, 10-15 years ago, talented specialists create a brokerage firm that very quickly becomes popular and brings a good income to owners. But after a certain time, the company is sold, and its new owners turn this object into a reliable source of profit using dubious, and sometimes completely illegal schemes. Therefore, the fact that Binotrade has been providing financial services only since 2020 is not proof that it is a suspicious and unreliable company.

Binotrade Security

But what are the real factors that prove that the broker cares about the safety of their clients?

1. Saint Vincent and the Grenadines (the place of registration of the broker and the location of its headquarters), where many well-known companies have settled.

2. Created for Binotrade application and modern software ensures prompt data processing, as well as the protection of personal information and financial resources of customers.

3. Telephone, chat and e-mail allow each user to contact support representatives to resolve any issues related to the work of the service.

4. All funds of Binotrade clients are kept on segregated accounts in reliable financial and credit institutions.

5. The platform of this resource protects an international SSL Certificate, which nullifies the likelihood of unauthorized entry to the users of the service.

If the provided methods of protecting traders are not enough to easily register a login with Binotrade, study the mechanism of this brokerage company in more detail. It is worth paying attention to the following factors. The website administration has introduced mandatory user verification. This makes it possible to avoid the influence of fraudsters and scammers on the work of a broker. The agreement between users and representatives of Binotrade helps to eliminate any misunderstandings that may arise between them in the process.

Binotrade Regulators

The main disadvantage of this brokerage firm is the lack of regulators who issue licenses and documents that allow the provision of financial services. The administration of Binotrade explains this flaw by the fact that the company just physically does not have time (we recall, the broker was registered in 2020) to solve all the necessary issues. There is information that in the near future this broker will have licenses of one of the most authoritative world regulators – FCA and CySEC.

Training on Binotrade

In terms of training, the creators of the resource coped well with the task. On the site, every potential client (from a novice to an advanced trader) will find a lot of useful information.

● Teaching. The client learns the terminology, the basics of the financial markets and the site presented, studies the influence of various factors on the asset price, learns to make elementary forecasts based on economic and political news.

● Advanced. Learn things that every professional should know (indicators, technical analysis, options trading, strategies, etc.).

● Expert. The knowledge that is needed not only by practicing traders, but also by theorists involved in the analysis and identification of patterns in the binary options market, taking into account various possible factors and in non-standard conditions.

The demo account developed at Binotrade allows you to complete a practical course of preparing work on a binary options service without spending a penny of personal savings for this purpose.

What rules Binotrade every trader should know

Studying the reviews compiled about Binotrade, we can conclude that their authors focus on the rules of working on these resources. And this is the right approach, which has repeatedly proved its practicality, both for novice traders, and for their more experienced colleagues. Based on this information, you can make a personal opinion about the resource, as well as understand how this site is suitable for each individual user.

Binotrade Trading Terms

● The minimum deposit amount is $ 10.

● Minimum / maximum bid – 1 and 1000 $.

● Profit from a successful transaction – up to 94%.

● Currencies of the trading account – Russian ruble and US dollar.

● Welcome bonus – there is.

● Auto trading and PAMM accounts – none.

● The withdrawal fee is absent.

● The minimum amount for withdrawal is $ 500.

Binotrade Deposit and withdrawal

When compiling a Binotrade report, many experts are surprised at the relatively small number of ways to replenish a deposit and withdraw funds.

● Plastic cards (VISA / MasterCard).

Binotrade Assets

The main assets of this binary options broker are currency pairs, precious metals, and popular cryptocurrencies.

Best Binary Options Brokers 2020:
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  • Binomo
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