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Safely of funds
Binary options broker Intrade.bar based in Saint Vincent and the Grenadines has been operating since 2016.
The company claims that before it began working as a broker, its core business during 5 years was trading.
Intrade.bar highlights that it offers the highest pace of fund withdrawals compared to other brokers.
As stated on the company's official website, in the early days of Intrade.bar, money was transferred to a client’s account within 50 minutes. Today, the average waiting time has decreased to 7 minutes.
The company assures customers that they can always verify the accuracy of quotes. Since November 2019, Intrade.bar has been cooperating with FXCM , a leading quote provider.
According to Intrade.bar, its advantage is fixed payouts per trade. They do not depend on the time of day or a currency pair. These payouts can only increase, the firm says.
As for the security of funds, it should be noted that the broker is not regulated. Besides, the company has a lot of websites created not so long ago.
Trading conditions
The broker’s clients are encouraged to use TradingView as a trading platform, which is appropriate for technical analysis and accessible only on a PC.
With Intrade.bar, users can trade currency pairs and gold. Trading securities, indices, and cryptocurrencies is not available to clients.
In order to try their hands at trading without any risks, investors can take advantage of a demo account.
The minimum trade size is $1 for dollar-denominated accounts and 50 rubles for ruble-denominated accounts. The maximum trade size is $500 and 25,000 rubles for dollar- and ruble-denominated accounts respectively. As for the precious metal, the minimum trade size is $10/500 rubles and the maximum one is $250/12,500 rubles.
The broker does not charge any commission for deposits. However, in order to withdraw funds to bank cards, clients must pay 80 rubles + 3%, to electronic wallets - about 2.5%. To withdraw money to Payeer, traders are charged a commission of 5.5%. If a client withdraws cash in an amount greater than $100/7,000 rubles, with a turnover of more than 150% of the last deposit, the commission will be covered by the broker. This means that the client will receive the full amount specified in the request for a withdrawal.
Intrade.bar assures that funds will be transferred to the client’s account in a few minutes. The company processes withdrawal requests from 9 am to 5 pm (UTC+3). If a user withdraws money in the same way the account was replenished, verification is not required. Otherwise, the client will be requested to provide documents confirming his/her identity.
Support service
To contact the customer service, clients can use a live chat and get an answer within 1 minute on weekdays from 9 am to 5 pm (UTC+3).
The registered address of the company is as follows: No. 25595 BC 2019, Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. The website also features its email address: support@intrade.bar.
Feedback from traders
There are a lot of negative reviews about this broker on the Web. Users complain about accounts blocked for no reason, the trading chart that is entirely under the control of administrators, the impoliteness of customer service managers, as well as fraudulent actions on the part of the company.
Advantages and disadvantages
Pros:
- fast fund withdrawals;
- instant opening of trades (just in one click);
- demo account;
- quotes provided by FXCM;
- no annoying calls from managers.
Cons:
- unregulated broker;
- huge number of recently created websites;
- negative reviews.
