Interactive Trade review – 5 things you should know about interactivetrade.com

Interactive Trade review – 5 things you should know about interactivetrade.com

Beware! Interactive Trade is an offshore broker! Your investment may be at risk.

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Literally any broker can be named Interactive Trade, and we are sure that there are more than just this particular one scattered throughout the online forex landscape. This is one of those firms that, as soon as you open its website, you sense an air of ambiguity. Exploring the website does not help remove our first impressions. The only real information can be found on the extensive legal documents that seem familiar to us in structure and manner. We are more than sure that we previously reviewed an illegitimate broker with the same legal terms characteristics… Needless to say, you can probably see where this review is going.

In just a matter of seconds, and we had our live account created, leading us to a dashboard. However, the broker had to authorise our account, which did not happen… We received an email with our user name and a broker generated password, yet as many times as we tried, these credentials couldn’t work, leaving us out of the trading platform.

In typical suspicious forex brokerage firm style, without being able to open accounts with the MT4, we have to take the trading conditions from the website, which, judging by the looks of Interactive Trade, are not accurate. The leverage for the highest account is 1:400. Unfortunately, the limited nature of the website is felt early on in the review, for the website has literally no spread and assets information. Usually these are to be found on the trading platform where this info is most accurate, but without access to such a terminal, we simply cannot reveal anything.

The website can be translated to English, Russian, Polish, and German. However, the client area is available in English, Russian, Polish, German, Italian, Chinese, Arabic, and Vietnamese. Even if this is minutiae details, it proves that the dashboard is not proprietary of the brokerage firm. We assume that the broker has adapted a popular template for its user area.

INTERACTIVE TRADE REGULATION AND SAFETY OF FUNDS

Dristor Solutions Ltd, the company that owns and operates the broker, is registered in St.Vincent and the Grenadines. This here alone speaks volumes of the real nature of this broker.

For those of you that are not aware, St.Vincent and the Grenadines is a Caribbean island nation, that can be stamped as one of the most popular destinations for illicit forex brokerage firms. The reasons for this are simple. The country does not have a forex license issuer from which brokers should be getting strict guidelines to follow in order to conserve its integrity. Next, the nation’s own laws allow for offshore companies to easily register and settle their operations locally. These two elements, when combined breed the perfect ground for illicit broker to thrive in.

Interactive Trade is one of those brokers that have taken full advantage of these loose conditions, and have unleashed a very UNREGULATED broker upon the world. Furthermore, just to put it out there Interactive Trade has never actually said that it’s regulated anywhere.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

INTERACTIVE TRADE TRADING SOFTWARE

Although we were futile in our attempt to complete our registration, we can confirm that Interactive Trade does have have the MT4 trading software ready and operable, although we cannot vouch for the trading conditions on it.

The Metatrader 4 is the software to use for all of your forex trading needs. There has been nothing on the market that can match this terminal in terms of delivering quality and quantity. There is so much to do and see, that at times it can leave a toll on the user, who will undoubtedly return the next day, eager to learn more. We believe that mastery over the MT4 will make you a better trader, and will increase your expertise in the wild world of forex trading.

There might be spread commissions as hinted by a clause on the Risk Warning document. The broker is as vague as one can be, i.e there is no disclosure on this fees, and so we advice users to take precautions.

Furthermore, the broker will close positions should the margin level fall beneath 50%.

INTERACTIVE TRADE DEPOSIT/WITHDRAWAL METHODS AND FEES

Just a disclaimer, without properly registering, we were unable reach the payment terminal. Thus any payment details will be taken from the website.

With that said, there is not that much to say. In other worlds, Interactive Trade does not reveal too much.

Deposits are said to be made via Visa, Master Card, and “other”, as per the Credit Card/Debit Card Transaction Confirmation Form. There is no indication if traders can deposit by means of wire transfer.

Withdraw info is a bit confusing. For one, the T/C claim that a request is processed within 30 days of the opening of an account, while the following paragraph states that the processing times are up to 3 days. Surprisingly, there are no fees for withdrawing. We have attached the entire withdrawal info below, for you to see.

Once a user registers, he or she agrees to pay taxes and fees that have their origin from the regulation, which as we have seen is nonexistent, and that the user will hold no legal claims against the broker. What these fees are, we can only guess.

Interestingly, bonus withdrawals are subject to a trading requirement equal to the bonus amount divided by four.

Should the broker fall into insolvency, all client positions will be closed. .

Furthermore, in case of an insolvency, the client might not be able to receive his or her entire money back:

This provision also reveals that Interactive Trade has the right to give your money to n undisclosed third party.

We strongly advice traders to only deposit the minimum deposit, or better yet – not deposit at all! As for the withdrawals, scammers are known to either deny such requests, or impose incoming and unexpected charges.

How does the scam work?

Users will be in the middle of a scam without even knowing it, that’s how efficient these scams are. Yet, clients will also be surprised that the most utilized scammer structure is laughably easy to grasp, making it predictable. We have dedicated the following section to the reveal of how the scam works.

The internet is filled with ads, it’s the fuel of the industry, and a big chunk of said advertisements are misleading and some are downright deceitful. The ads concerned with unregulated forex brokers are often very promising, and most of the times utilize completely false claims of immediate profit. Those tempted enough will be redirected to a robo-scam website that further guarantees profits. The only thing that separates the user from the unrealistic promises is a fast registration process that requires a phone number and an email address. After inputting this info unsuspecting users will start getting phone calls from illicit broker representatives, whose one and only job is to initialize the scheme by pushing a trader to make that first deposit of around $250. After that’s done, the senior representatives will be calling. These expert scammers are extremely good talkers, and will start working on you to start putting even more money in. They say that the more money invested, the higher the profit will be. At this point most traders start seeing the big picture, and will want to withdrawal their money and get out fast.

However, the scammers have anticipated this development, and are ready to counter any withdrawal request. Typically they find excuses for delaying the request in the legal documents that hold specific clauses for these purposes. The reasons are many. One thing to remember is that all illicit brokerage firms will deny the withdrawal request for as long as they can, because of the imposed time limit traders have for filling a chargeback. Once the crucial due date is not met, any chargeback requests will be denied.

What to do if scammed?

Those of you who deposited using VISA and MasterCard wil be glad to know that both companies have extended their chargeback time span to 540 days, especially if the reason for it is an online scam.

Scammers will steal directly from a bank account, if the traders has provided crucial details, like banking password or security code. If it get down to this, be sure to either block the account or change the password.

Sometime victimized users will stumble upon the so called recovery agents that promises to magically reclaim all lost investments, for a fee that is. Needless to say, they will not get back any of the lost funds, and will basically scam you a second time.

Rich Snippet Data
Review Date
Reviewed Broker
Interactive Trade
Broker Rating
11stargraygraygraygray

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31 Comments

  1. I want to write review about my experience with interactivetrade.com
    They are big scammers! Theivies, rogue, manipulator, low life group of people! They manipulated me to get money from me, and trading ,made profits but would not let me withdra! They should be put to justice! They should be prosecuted! And be stopped

  2. Interactivetrade.com IS A VERY BIG SCAMMERS!!!!
    1) They contact you by phone and ask to download programm ANY DESK to work with you by connecting your laptop (in my case)
    2) First they ask you to invest 230€ ,and if you dont know how to proceed they help through connecting to your device through any desk programm…
    3) They download to your device platform DristorSolution-Live where you are going to make deals… With 230€ it goes very slow and you can not earn much money..
    4) They send e-mail where you can learn the amounts of investment.. where company gives you support by 1500 $ to make deals much faster..There are 3 ways.. “basic” – you invest 5000$ and get monthly from 900-2100€… “optim” -investment 10000$ and monthly you might get 2400-5600€ and the last “premium”- 15 000€ investment and monthly income 4 500 – 10 500€
    5) If you dont have those 5 000 they take whatever you have … One who calls you asks to open any desk and helps you go through onvesting process because it’s complicated if you never done something like this before( like me)
    First deals start go up very fast and you van “earn “good money(numbers) and then suddenly margin level drops under 100% ..They call and says that second wave of covid19 coused stock market problems.. To survive it you must add the amount which is in minus on margin level( in my case it was -3000$) They say company will put their money in order not to loose profit but that money will be given till 28 th of July .. Till that time I must find and put 3 000 $
    They keep calling daily and only question is if I got money.. They work on two emotions FEAR and GUILT….They push on you without any mercy…
    When I say I can not get such amount they say I will loose what I have earned already.. They keep pushing by telling -you are female.. use your charm and so on…. ABSOLUTELY NONSENSE…..
    In conclusion no way to get out money if i don’t put those 3 000 $
    If I don’t put that amount I will loose the money I invested any way…
    And the last (today 20 of July) If I don’t put that 3 000 I was suggested to close my trader account…
    VERY SAD STORY…. :(((((
    So PLEASE!!! Don’t work with this company….!!!!!!!!!!

    1. Julija Areliuniene

      Hi, my story is the same as the girl’above.Same system…Jyst one question to the hirl who was trading with them till july 20.What was the end of everything.Did they close account or have you closed an account yourself??

    2. Julija Areliuniene

      Lana, how everythin end up???

  3. Składał ktoś z Was zawiadomienie o przestępstwie na Policję?
    ——————————
    Did any of you report a crime to the Police?

    1. Я была обманута этим брокером, как и описано в других отзывах, они выманили хитрым путём мои деньги, я потеряла свои деньги и деньги, которые я одолжила. В итоге я поняла что это мошенники, я перестала им платить и обратилась в местную полицию. Сейчас мое дело расследуют. Надо всем вместе бороться с этими мошенниками, которые не считаются ни с чем. А лучше не попадаться на их уловки.
      ————————–
      I was deceived by this broker, as described in other reviews, they deceived my money in a cunning way, I lost my money and the money that I borrowed. As a result, I realized that they were scammers, I stopped paying them and turned to the local police. My case is under investigation now. We must all fight together against these scammers who do not count with anything. Better not to fall for their tricks.

  4. Yolanda Keller

    Same happened to me.
    Same story, just now recieve e mail from Ackerman and they will block my investment of 230 euro if I dont send any personal information about me.
    They want me to send some passport copy, ID or billing from the last 3 months and copy of my credit card that I use when I pay them. But I ignored all calls already. 100% sure they dont send my money back.

  5. Владимир

    Dobryy den’! YA stal ocherednoy zhertvoy “InteraktivTrade”! Oni moshenniki i nechestnaya kompaniya!!!!! Nomera telefonov s kotorykh oni zvonyat
    +39 06 94809679″, +44 20 35198928. So mnoy rabotal sotrudnik ikhney kompanii Aleksey Zlatopol’skiy, Yeva Gordon. Aleksey predostavlyal zavedomo nepravil’nuyu informatsiyu, iznachal’no obeshchal obucheniye, daval sovety, kotoryye igrali protiv menya i shli na pol’zu yemu.
    1. Daval nepravil’nuyu informatsiyu po stavkam,
    2. Zastavlyal delat’ stavki, znaya o moyey neosvedomlennosti,
    3. A takzhe predostavil mne bonusy, ne preduprediv menya o nikh.

    V konechnom schete, ya popal na 15.000 evro.
    TRADER.SECURE.INTERACTIVETRADE.COM MOSHENNIKI
    Show more
    644/5000
    Good day! I have become another victim of “InteraktivTrade”! They are scammers and dishonest company !!!!! Phone numbers from which they call
    +39 06 94809679 ″, +44 20 35198928. An employee of their company Alexey Zlatopolsky, Eva Gordon worked with me. Alexey provided deliberately incorrect information, initially promised training, gave advice that played against me and went to his advantage.
    1. Gave incorrect information on rates,
    2. Forced to make bets, knowing about my ignorance,
    3. And also provided me with bonuses without warning me about them.

    Ultimately, I got 15,000 euros.
    TRADER.SECURE.INTERACTIVETRADE.COM SCAMS

    ———————————

    Добрый день! Я стал очередной жертвой “InteraktivTrade”! Они мошенники и нечестная компания!!!!! Номера телефонов с которых они звонят
    +39 06 94809679″, +44 20 35198928. Со мной работал сотрудник ихней компании Алексей Златопольский, Ева Гордон. Алексей предоставлял заведомо неправильную информацию, изначально обещал обучение, давал советы, которые играли против меня и шли на пользу ему.
    1. Давал неправильную информацию по ставкам,
    2. Заставлял делать ставки, зная о моей неосведомленности,
    3. А также предоставил мне бонусы, не предупредив меня о них.

    В конечном счете, я попал на 15.000 эвро.
    TRADER.SECURE.INTERACTIVETRADE.COM МОШЕННИКИ

  6. I’ve been scammed as well. I’m not sure how to report them or get my money back. Everything is slowed down during quarantine it’s hard to get a hold of anyone (police, bank).
    If anyone has any tips please let me know.

    I want to bring them down to justice.

    1. чтобы начали расследование надо подавать коллективную заявку в полицию . у меня есть один человек с доказательствами . ищу третьего человека что бы был коллектив )) если вы согласитесь , то мы друг другу составим коллектив и каждый в соей стране подаст заявление от числа 3х человек . моя почта :[email protected] . Roza

  7. Historia Liany przypomina mi moją sytuację. Ja straciłem kupę pieniędzy w przeciągu miesiąca i teraz wydzwaniają abym wpłacił 4 tyś $ jako ubezpieczenie to odzyskam wszystkie poeniądze
    ————————-
    Liana’s story reminds me of my situation. I lost a lot of money in a month and now they are calling me to pay $ 4,000 as insurance so I will get all my debts

  8. They are the biggest scammers ever.

    Please go do not trust them just got scammed for 10,000 dollars.

    Please please do not even try to get into conversation with them.

  9. Здравствуйте . Я тоже являюсь пострадавшей от этой компании . Собираю коллективную заявку для заявления о международном преступлении .Буду подавать заявление в полицию германии и так же его предоставлю в банк англии который тоже заинтересован наказать мошенников . Мне надо собрать данные нескольких человек для коллективной заявки : имя фамилия , когда и сколько ,куда , и данные как с вами связаться .
    ————————-
    Hello . I am also a victim of this company. I am collecting a collective application for a statement about an international crime. I will submit a statement to the German police and also submit it to the Bank of England, which is also interested in punishing the swindlers. I need to collect data from several people for a collective application: name, surname, when and how much, where, and data on how to contact you.

    1. Hello, I am also a victim of this company. I lost 5 000 dollars and still they claim to add more to recover losses…not know what to do at this point…

      1. I was also scammed, I still have over 13,000 in my account but I can’t withdraw and nobody is responding to me.

      2. Sukam pokrzywdzonych przez tą firmę od zbiorowego pozwu. Proszę się odzywac.

    2. Я тоже пострадала. поткрела74000 евро. помогите
      ——————————-
      I also suffered. I received 74,000 euros. Help

      1. Zgłoś sprawę na policję im więcej zgłoszeń tym większa szansa odzyskania pieniędzy

    3. Proszę o kontakt jestem zainteresowany

    4. Proszę o kontakt jestem zainteresowany Rozo jak się z tobą skontaktowac?
      ————————–
      Please contact me I am interested Rozo how to contact you?

    5. Looks like I also became a victim of these scammers

    6. Gurprit k sahota

      Hi i am still trying to get my account vlised with them. I managed to get most of money out but they still got $131 of mine. I keep sending them withdrawsl requests but they just ignore .

  10. I have been scammed as well. They kept calling & calling & when I registered they got me to provide money from my credit cards at least £5000 & when I asked for a withdrawal they never contacted me back. Last time they called was 02/09/20 & nothing since. I am soo angry as I haven’t told my family & soo worried about my credit card debt. Can some one help plse as I need this money returned ASAP.

  11. Thanks for all the information that I have read here.
    A good eye opener for me, and I trust these warnings/referrals.
    Mark

    1. Did you get your money

  12. I have been scammed as well

  13. Can anybody help me to get my money back please

  14. Brian Fitzgerald

    I am suffering the same lose with this interactive trade i invested first 250euro then this man named Marcel said to me a Margeret Winfield head of finance will be working with me in future, her sweet talking got me to invest 15000 euro, and she showrd me it was earning well, then she said that she had inside information that three company shares are going through the roof and i should invest 15000 and in 7 days should double my money,, i had at the time Bitstamp account and with anydesk they could look into what i had dent to Bitstamp, luckily Bitstamp blocked my account so interactive trade to not take it,, nowing this intetactive trade made me a loan of 15000 and traded it without my consent of the loan, so know my account is 52000 dollars but for me to have it returned to me i have to send them 15000 euro to cover this imaginative loan they gave me,,i said to them i havmt got that kind of money left to pay them, so now they are trying yo say well we will help you get your money back if you only pay 9000 euro,, dont trust them one inch, they us a UK country phone code but state they are in vienna all calls are blocked you cant phone, e mail ip address does not show where about they are

  15. люди не только пишите жалобы , но объединяйтесь в коллективных заявках в полицию , что бы дело дать реальный ход . надо расследование вывести на международный уровень . на данный момент есть только я и еще один человек предоставивший доказательства для коллективной заявки . пишите мне на почту [email protected] .дополнительные свидетельства можно добавлять в полиции после сделанного вами заявления . это важно знать . прошу тех кто хочет вернуть деньги свои предпринимать реальные действия . только при коллективной заявке во всех странах их начнут ловить и будет возможность реально вернуть свои деньги .

    1. Валентина

      How do you get out of there? They say you need to close your account, and you need money
      ————————————
      Как вообще выйти от туда? Они говорят закрыть акаунт надо, и нужны деньги

      1. Valentine. they count on your legal ignorance. Do not talk anymore or record conversations to prove how they pressure you. These are scammers and therefore the only way to go to the police and write a statement. better collective, that is, to have evidence from at least two more victims. similar conversations are held with everyone, just in case, what if the money will be ripped off. there is nothing to fear and it is necessary to say directly that the police will figure out who owes whom
        —————————
        Валентина . они расчитывают на вашу юридическую безграмотность . Вообще больше ни разговаривайте или ведите запись разговоров для доказательства как они на вас оказывают давление . Это мошенники и потому дорога одна идти в полицию и писать заявление . лучше коллективное то есть иметь доказательства ещё как минимум от двух пострадавших . подобные разговоры проходят с каждым на всякий случай а вдруг ещё деньги сорвут . боятся нечего и надо говорить прямо что в полиции разберутся кто кому должен

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