Interactivetrade.com Review: Interactive Trade is a forex broker that is supposedly licensed by the authorities of Saint Vincent and The Grenadines. In the review below, we take an in-depth look at the features interactivetrade.com allegedly offers. This review basically answer the questions: is Interactive Trade legit? Is Interactive Trade good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through InteractiveTrade review to see what we and other experts have to say about this forex broker.

Interactive Trades Trading Platform

Although the website looks professional and well-designed, it feels empty as necessary and required information isn’t provided. 

This broker claims to support the MT4 trading platform. At first glance the broker claims that it supports the MT4 trading platform. They offer assets such as Forex (with leverages up to 1:400) CFDs, Indices, Stocks, and Precious metals

InteractiveTrades Account Types

In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.

Interactive Trade Deposit and Withdrawal Methods

Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.

The payment section states that clients can fund an account  via Visa, Master Card and others (which they do not provide information on) 

This broker claims not to have any withdrawal fees. 

Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal

Is InteractiveTrade Licensed?

Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.

This broker owned by Dristor Solutions Ltd claims to be located in Saint Vincent and the Grenadines. 

Saint Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body. The government of the SVG has stated in the past it does not regulate any form of forex trading. 

So, no, this broker is not a licensed brokerage.

Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. 

Trade with TOP RATED BROKERS Instead

[supsystic-prcowice-table id=10]

 Conclusion

We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided. 

In conclusion, we wouldn’t advise or recommend you to trade with interactivetrade.com  as they don’t give any valid information concerning if they are a regulated broker. 

Interactivetrade.com  is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.