Table of Content
IntraO Review: Avoid This Scam Broker at All Costs
Table of Content
IntraO Review, As anonymous as it can be, this broker is on top of the hill. IntraO broker is registered in St. Vincent and Grenadines (SVG) in 2022. Ever since we already have seen many negative IntraO reviews. Must be for a reason and we already named some.
IntraO broker provides services to more than 170 countries as per their statement. This is in contrast to their disclaimer on the website that they don’t operate outside of SVG. More is yet to come.
|Headquarters||St. Vincent and Grenadines|
|Broker Type||Offshore scam broker|
|Platforms||Panda TS web trader|
Regulation and Funds Security
SVG has become a hub for scammers. That’s why they decided not to provide any licenses for trading on forex or any other market. FSASVG doesn’t want to be responsible for shady activities. Therefore, companies operating on the FX market from SVG should have other regulations. Mostly from countries where they operate.
Unfortunately, IntraO scam broker has none. For instance, we checked FCA, BaFin, and ASIC. Those are some of the most trusted Tier 1 regulators in the world. But their register didn’t show up any details of IntraO. What’s even more interesting is that IntraO is an identical clone of WiXi and Bullexo brokers. Both mentioned are blacklisted as a scam by FCA.
Besides that, they don’t provide any protection for their clients. Unlike licensed brokers that have negative balance protection and compensation funds. Therefore, nothing to look for here. Let’s check other signs of this bogus investment scam.
Trading Software Reviews
IntraO scam broker doesn’t mention anything about their trading platform. Therefore, we did try to register with them to check everything. Unfortunately, the IntraO broker didn’t accept new registrations. Which is unusual. Looks like they accept now only referrals or traders that are lured by their false adverts.
According to some IntraO broker reviews, they provide only web-based trading software. Even if they provide an industry standard Meta Trader, we wouldn’t trust this broker.
Moreover, they don’t even allow clients to check the platform through a demo account. All of that raises our suspicion about this broker. A broker should gain the trust of traders and not lose it before it even started. With such low transparency, it is hard to believe that an IntraO broker offers anything legitimate.
A platform like this is often used to present fictive info. Your money goes directly into their pockets.
What Account Types Does IntraO Offer?
None of the accounts have some special benefits. They present leverage that is higher as a benefit. In reality, higher leverage works most of the time against you. Other fancy benefits are VIP events, private education, and similar false promises.
Moreover, the amounts required for certain account types are nonsense. Especially because it is a non-regulated broker. In addition to that, they are done through the most insecure way – crypto transfer.
Anyway, those account types are
- Standard – 500 USD
- Education – 5.000 USD
- Specialty – 25.000 USD
- IntraO Pro – 100.000 USD
- IntraO Titanium – 150.000 USD
To point out, the broker offers discounts for spreads and swap fees. However, those fees are unknown. Still, those fees and spreads could be bizarrely high where a discount doesn’t mean anything.
We suggest you start looking for a licensed broker on time. Before you are ripped off.
What Can Be Traded on IntraO Market?
Even though IntraO broker claims to offer more than 16.000 assets, which is questionable. Firstly, they didn’t provide us with access to the platform to check it. Secondly, they don’t provide stocks or indices. Thirdly, we already saw many flaws due to the lack of regulations with this broker.
In this case, the broker offers the following assets:
- Commodities – oil, cotton, gold
- Forex – USD/JPY, AUD/NZD, EUR/NOK
- Cryptocurrencies – BTC, LTC, XRM, XRP
Since we can’t get detailed trading conditions, we can only assume that all this is fictive. Yet, some IntraO reviews are confirming that this is a complete scam. The only known thing about this broker is leverage. Must be remembered, that ESMA allows leverage up to 1:30 for retail traders, while IntraO offers up to 1:600.
In combination with the untrusted platform and lack of regulations, it is highly dangerous.
Deposit and Withdrawal Process
Another shady thing about this broker is its funding methods. They only accept Bitcoin as a deposit option. There is a strong reason behind it. However, all crypto transactions you can’t reverse. On top of that, they are very hard to trace.
It’s an often-used method among scammers. On the other hand, many regulated brokers offer besides Bitcoin a vast of legitimate payment options. Some of those are cards, wire transfers, Skrill, Neteller, and more. To be precise, Bitcoin is a good choice with trusted companies. But with these bogus swindlers, it’s the worst move you can make.
Based on some IntraO reviews we could see traders having issues with withdrawals. Often, they have to pay another withdrawal fee or taxes. Have in mind that all those are made up of brokers to extract the maximum from you.
How Can I Get a Refund If IntraO Scammed Me?
Sadly, there are not many options that you can choose from. Firstly, you should share your story. After all, other traders will hear your story and we can prevent them from being scammed. Secondly, can get professional assistance in fund recovery.
Even though it is a crypto transaction there is a solution. Our expert recovery team has access to CipherTrace. It’s software for tracing crypto transactions. Very powerful tool if you know how to use it.
To start your chargeback process today, get in touch now!
FAQs About IntraO Broker
Is IntraO A Good Broker?
To sum it up, no. They don’t have any regulations and don’t offer any reliable protection for their clients.
What Are The Funding Methods For IntraO?
IntraO broker only accepts Bitcoin as a payment method. It is dangerous because this broker is an offshore unregulated entity.
Does IntraO Offer a Demo Account?
This broker doesn’t accept new clients at the moment. Therefore, we can’t confirm if they offer a demo account.