Overview
Interactive Trade is a brokerage based in Switzerland, offering trading services without regulatory oversight. They provide access to the MetaTrader 4 (MT4) trading platform and offer a diverse range of tradable assets, including shares, commodities, indices, futures, metals, and currency pairs. With account options ranging from Silver to Platinum, traders can choose according to their experience level and preferences. Interactive Trade also offers a demo account for practice trading and an Islamic account option, although details regarding which account types it applies to are unspecified. Customer support is available via phone and email.However, it's worth noting that their website domain is currently up for sale, which may raise concerns about the company's stability and trustworthiness.
Regulation
Interactive Trade is not regulated by any financial authority, meaning it operates without oversight or legal standards to protect investors. This lack of regulation raises concerns about the safety of funds and the fairness of its practices. Registered in St. Vincent and the Grenadines, an offshore jurisdiction known for lax regulations, Interactive Trade lacks transparency and may pose risks to investors. It's advisable to choose regulated brokers for safer trading environments.
Pros and Cons
Interactive Trade presents itself as an unregulated brokerage, which raises concerns about investor protection and transparency. While it offers a range of trading instruments and account types, including leverage of up to 1:400, caution is advised due to the lack of regulatory scrutiny. Additionally, its website domain being up for sale adds to the suspicion surrounding the company. Despite providing customer support through phone and email channels, potential investors should carefully consider the risks involved before engaging with Interactive Trade.
This table outlines the pros and cons of Interactive Trade, highlighting its offerings and areas of concern. While it provides a range of trading instruments and account options, the lack of regulation and transparency, along with other potential red flags, warrant careful consideration by potential investors.
Market Instruments
Interactive Trade offers a comprehensive range of trading instruments across various asset classes:
Account Types
Interactive Trade provides traders with a tiered trading account system consisting of three options: Silver, Gold, and Platinum accounts.
The Silver account is tailored for novice traders or those with limited experience in trading. It features a lower minimum deposit requirement, making it accessible to a broader range of traders. This account type offers basic features and functionalities aimed at assisting beginners in navigating the trading world. It may include access to educational resources and a user-friendly trading platform.
Moving up the ladder, the Gold account is designed for intermediate traders who possess some experience in financial markets. This account tier offers more advanced trading tools and features compared to the Silver account. It typically includes enhanced customer support services and may come with lower trading fees or commissions. Additionally, traders with a Gold account may have access to a wider range of trading instruments or markets, allowing for greater diversification and potential profit opportunities.
At the top tier is the Platinum account, catering to experienced traders or high-net-worth individuals seeking premium services and features. This account option provides the most comprehensive range of trading tools and benefits. It often includes priority customer support, personalized account management, exclusive market insights, and potentially higher leverage options. Traders with a Platinum account may also receive preferential treatment and special perks designed to enhance their trading experience and maximize their returns.
In summary, Interactive Trade's tiered trading account system caters to traders of varying experience levels by offering a range of account options with distinct features and benefits. Traders can choose the account that aligns best with their trading goals, preferences, and level of expertise.
Leverage
Interactive Trade offers leverage to its clients, with the maximum trading leverage being up to 1:400. Leverage allows traders to control a larger position in the market with a smaller amount of capital. In this case, a leverage of 1:400 means that for every $1 of the trader's capital, they can control up to $400 in the market. While leverage can amplify potential profits, it also increases the level of risk, as losses are also magnified. Therefore, traders should exercise caution and ensure they fully understand the implications of using leverage before engaging in leveraged trading.
Spreads and Commissions
Interactive Trade aims to provide transparent and competitive pricing structures across its various trading accounts, offering traders the flexibility to choose an account type that best suits their trading style and preferences. However, traders should remain vigilant and conduct thorough research to fully understand the costs and fees associated with each account type before making any trading decisions.
Trading Platforms
Interactive Trade offers the MetaTrader 4 (MT4) trading platform to its clients. MT4 is popular for its user-friendly interface and extensive tools for technical analysis. It caters to both new and experienced traders, allowing for easy trade execution and access to various financial instruments. MT4's compatibility with different devices enables traders to stay connected and manage trades conveniently. Overall, MT4 provided by Interactive Trade is a reliable and versatile platform for traders to navigate the markets effectively.
Customer Support
Interactive Trade provides customer support through various channels, including phone and email.
Phone Support: Clients can reach Interactive Trade's customer service team by dialing +41565083272. Phone support allows for direct communication with a representative, enabling clients to receive immediate assistance with their inquiries or issues.
Email Support: Clients can also contact customer support by sending an email to support@interactivetrade.com. Email support provides a convenient way for clients to communicate their questions, concerns, or requests to the support team. It allows for written documentation of communication and may be suitable for non-urgent matters.
Overall, Interactive Trade's customer support aims to provide timely and helpful assistance to clients, whether through phone or email channels. By offering multiple communication options, the company strives to accommodate the diverse needs and preferences of its clients, ensuring a positive and efficient customer service experience.
Conclusion
Interactive Trade presents itself as an unregulated brokerage operating without oversight, raising concerns regarding investor protection and transparency. While it offers a range of trading instruments and account types, including leverage of up to 1:400, caution is advised due to the lack of regulatory scrutiny. Additionally, its website domain being up for sale adds to the suspicion surrounding the company. Despite providing customer support through phone and email channels, potential investors should carefully consider the risks involved before engaging with Interactive Trade.
FAQs
Q1: Is Interactive Trade regulated？
A1: No, Interactive Trade is not regulated by any financial authority, raising concerns about investor protection.
Q2: What trading account options does Interactive Trade offer？
A2: Interactive Trade provides three tiered trading account options: Silver, Gold, and Platinum accounts, catering to traders of varying experience levels.
Q3: What is the maximum trading leverage offered by Interactive Trade？
A3: Interactive Trade offers leverage of up to 1:400, allowing traders to control larger positions in the market with a smaller amount of capital.
Q4: What trading platform does Interactive Trade offer？
A4: Interactive Trade offers the MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and extensive tools for technical analysis.
Q5: How can I contact Interactive Trade's customer support？
A5: You can reach Interactive Trade's customer support team by phone at +41565083272 or by email at support@interactivetrade.com for assistance with inquiries or issues.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
start to write first comment