What is Industra Bank？
Industra Bank is a banking institution that was founded approximately 2-5 years ago and is registered in Latvia. Industra Bank offers a range of financial services and products. The bank offers two types of accounts - one for companies and one for individuals. Customer support is available through various channels such as phone, email. However, it is important to note that the bank is currently unregulated.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros of Industra Bank:
- Wide range of services and products: Industra Bank offers a variety of financial services and products, such as loans for business growth, investment services, brokerage services, deposits, and real estate financing. This provides clients with diverse options to meet their financial needs.
- Multi-channel support: Industra Bank offers multiple channels for customer support, including phone, email, WhatsApp, Facebook, Twitter, and LinkedIn. This ensures that clients have various means to reach out to the bank and seek assistance when needed.
Cons of Industra Bank:
- Not regulated: One major concern with Industra Bank is its unregulated status. The absence of regulatory oversight may expose clients to higher risks, as there is no government or financial authority monitoring the bank's operations. This lack of regulation could potentially impact the safety and stability of the bank.
- Complex fee items: Industra Bank has complex fee structures. This can make it challenging for clients to understand and calculate the costs associated with their services. The complexity of fees will result in unexpected charges or difficulties in managing transaction costs.
Is Industra Bank Safe or Scam？
The absence of valid regulation for Industra Bank leaves the bank without any government or financial authority overseeing their operations. This regulatory gap will pose a risk to potential investors or clients. The lack of regulatory oversight could indicate that the bank operates in a regulatory environment with the possibility of significantly higher risks, and the absence of regulations and oversight makes it difficult to monitor the bank's financial stability and ensure that customers' investments are protected.
Services & Products
Industra Bank offers a range of services and products tailored to the needs of businesspeople in Latvia, the Baltic States, and Europe.
- Loans for Business Growth: Industra Bank provides loans to support the development and expansion of businesses. The loan amounts range from 100,000 to 4 million euros, with flexible repayment schedules. They also offer individual solutions to meet specific business needs.
- Investment Services: Industra Bank offers investment services designed to cater to varying investment strategies and situations. They provide guidance and solutions for simple deposits, pensions, as well as more complex global investment market instruments. This allows customers to manage and grow their investments effectively.
- Brokerage Services: The bank offers brokerage services that enable customers to engage in trading securities, such as stocks and bonds, on international markets. This provides access to a wide range of investment opportunities and allows individuals to diversify their investment portfolios.
- Deposits: Industra Bank provides deposit services, allowing customers to securely store and grow their savings. Different types of deposit accounts are available, offering various interest rates and terms to cater to different financial goals and preferences.
- Real Estate Financing: Industra Bank facilitates real estate financing, including home loans, land loans, and commercial property loans. This enables individuals and businesses to purchase or invest in real estate properties, whether for personal or business purposes.
Accounts
Industra Bank offers two types of accounts - one for companies and one for individuals.
For Companies:
Industra Bank focuses on co-operation with entrepreneurs of all sizes, including manufacturers, service providers, implementers of ideas and developers. Industra Bank offers a range of services designed to meet the unique needs of businesses, including transactional services, lending, deposits, and investments.
For Individuals:
An Industra account is designed to provide fast, modern, and simple access to everyday banking services. An individual can become a bank's customer remotely through a video call or by visiting the nearest customer service center. The account offers a range of features like savings, deposits, money transfer, and other everyday financial operations.
However, Industra Bank also notes that there are several requirements and guides to open and maintain accounts. It is recommended that traders visit the official website or contact the company to learn about the details before opening accounts.
Fees
Industra Bank charges different fees for its services to both residents and non-residents, with fees varying according to different types of service.
For residents, the bank provides a comprehensive list of fees on its website. For example, there are fixed fees for account opening, monthly maintenance, and online banking. In addition, there are fees for different types of transfers, such as domestic and international wire transfers, as well as fees for other services like lending, payment cards, and cash operations. The fees also vary based on the account type and transaction volume. They can click: https://industra.finance/en/price-list-for-residents/legal-entities to learn the specific fees charged by the company.
For non-residents, the fees are different compared to residents. On its website, Industra Bank provides a separate list of fees for non-resident clients. The fees for non-resident clients differ depending on the services provided. These can include account maintenance, transaction fees, and other related services. They can click: https://industra.finance/en/price-list-for-non-residents/legal-entities.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +371 67019393
WhatsApp：+371 27677569 (chat only)
Email: info@industra.finance
Address: AS Industra Bank, Muitas iela 1, Rīga, LV-1010, Latvia
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Linkedin and Instagram.
Conclusion
Overall, Industra Bank offers a range of services and products for their clients. However, every trader should carefully consider the unregulated nature of the bank and weigh the potential risks associated with this. It is important to conduct thorough due diligence and assess the bank's policies, fees, and customer reviews to make an informed decision.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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