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In recent times, we have had a lot of complaints about a fraudulent platform called Introtrade, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that introtrade.pro is a scam platform. Just to clear any doubts, introtrade.pro is a SCAM.

If you have been scammed and you are looking for ways to recover your money from Introtrade, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

The broker Introtrade makes all the assurances you could possibly want, including “favourable conditions, transparency, and speed of trading operations.” A useful trading platform, however, is something that this broker does not offer. or a permit. perhaps even a phone number.

These are obviously con artists; reputable brokers never maintain such anonymity. Furthermore, unlike the conditions Introtrade appears to offer, the majority of them can provide extremely respectable terms. To learn why this broker is a bad choice and to locate a replacement, read the entire review.

Regulation in trade and the safety of funds Introtrade

The broker has not supplied a phone number or an address, thus the only way to contact Introtrade is by email. Additionally, it hasn’t made any mention of licencing, indicating that they are likely not licenced. You can only tell if a broker is trustworthy by looking at their licence unless they are an unauthorised branch of a reputable multinational company.

For instance, OctaFX maintains a branch offshore in St. Vincent and the Grenadines, which theoretically means that clients of that branch are dealing with an unregistered broker. However, OctaFX itself is among the most reputable and trustworthy brokers in the market and moreover has a branch that is regulated by the CySEC.

This is not the case with Introtrade because it is an unknown company with no proof of its security and dependability claims. You wouldn’t be able to contact this broker if it decided to cease responding to emails. Additionally, you wouldn’t know who is running this business, which would make it very difficult to retrieve your money in the future.

If you want to trade safely or make money, you must choose a broker who is licenced in a stringent jurisdiction. We advise using brokers that are authorised by the FCA (UK), CySEC (Cyprus), or ASIC (Australia). These brokers must fulfil a number of standards in order to be granted a licence and must uphold a high quality in order to preserve that licence.

They run the risk of paying a hefty fee if they don’t follow the rules exactly. To guarantee openness, licenced brokers are required to submit frequent reports to the appropriate authorities. In order to prevent losses for you in the event that the broker goes bankrupt and to demonstrate that the broker would not be able to use your money for their own purposes, they are also required to keep client money segregated in separate bank accounts handled by third parties.

Negative balance protection is required since, as a retail customer, you can never lose more money than is in your account. All licenced brokers are required to maintain a minimum capital of A$1 million in Australia and €730 000 in the UK and the EU to demonstrate their financial stability and long-term outlook. Though the amount could increase if the broker has plenty of clients.

Trading software from Introtrade

The well-known and adored trading platform MetaTrader 5 is allegedly available through IntroTrade. The broker offered a link in its client area, and we were able to download the platform. However, we quickly learned that this terminal actually belonged to Capital Forex Live, a different shady broker that we have previously documented and not IntroTrade.

As soon as someone starts to have suspicions, fraudulent brokers frequently change names, domains, and logos. This is another strategy for luring in more victims. A broker who wishes to offer its own terminal must be prepared to make a certain financial commitment because MT5 is not a cheap platform. Because of this, you can frequently encounter several bogus brokers utilising the same MT5 terminal.

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The offer of MT5 is not legitimate because Introtrade did not give us the information we needed to log in to the terminal.

Instead, have a look at these reliable brokers who provide MT5. This fantastic platform has a lot to offer, including a full charting and analysis package that can satisfy even the most discerning trader’s needs, as well as features like Expert Advisors, VPSs, a multi-threaded Strategy Tester, hedging and netting options, a community chat, a market for add-ons, and even the opportunity to create your own trading bots and indicators.

Trading conditions for Introtrade

Numerous trading accounts with slightly different terms are available from Introtrade. The spreads or leverage on any of these accounts have not been revealed by the broker, but discussing them in the absence of a working trading platform is useless in any case. If you are unable to log onto their terminal, you will not be able to trade with this broker.

You will need to pay a fee on your transactions, according to Introtrade’s Terms and Conditions, but the amount of that commission is not stated. Be careful; you should constantly be aware of the fees and due dates that you must give to your broker. If you don’t, you might have to pay a fortune.

Finally, Introtrade requires a $500 minimum deposit from customers to start a very basic Beginner account. This is twice what most brokers would consider an upper limit in today’s market. Check out some of the many excellent brokers instead who can start an account for $10 or even less.

DEPOSIT/WITHDRAWAL METHODS AND FEES FOR Introtrade

Only cryptocurrency deposits in the form of Bitcoin, Ethereum, and Litecoin are accepted by IntroTrade. If you believe the information supplied there, you would also be able to deposit via a wire transfer and a credit or debit card. This is not what the broker represented on the website.

Both of these payment options are significantly less anonymous than crypto transactions; if you make a deposit in a crypto wallet, you cannot link the money to a specific person or entity. With wire transfers and credit/debit card payments, this is not the case. The fact that cryptocurrency transactions are entirely irreversible creates an even bigger issue because, once money has been sent to IntroTrade, it is impossible to request a chargeback.

Although it does not say when Introtrade offers bonuses to its customers. To withdraw any monies from that account, including your own contributions and all earnings, you would need to reach a turnover of 25 times the deposit plus the bonus if your account has earned a bonus.

Such conditions are frequently used by scammers to stop you from taking your money too quickly because no trustworthy broker would ever forbid you from accessing your own money. Because if you attempt to do so, you will discover that it is impossible and that the broker is operating a scam; as a result, they may attempt to obtain a chargeback or report the fraud. Of course, the con artists wouldn’t want you to do that.

HOW DOES THE FRAUD OCCUR?

Such scams are becoming prevalent and problematic; the best course of action is to learn how to prevent them rather than searching for your lost funds after depositing them.

Introtrade often begins with a colourful Internet advertisement that promises to provide excellent service and impossible riches. The nice aspect is that investing with this particular broker, who of course promises to be really dependable, wouldn’t require you to do any work.

When you give the con artists your email and phone number and register an account only to see what they have to offer, the scam has already begun. Before you deposit, they won’t let you be alone once they get your contact information. After that, you will probably make unbelievable gains because con artists frequently use platforms to create convincing outcomes.

However, they will continue to seek more and larger deposits, and you will be happy to send them money since you will feel like you are doing well. Since they make their job by smooth-talking, these individuals are skilled at it. They will find a method to sound convincing and logical so that before you know it, you will have deposited thousands of dollars.

You won’t have any issues until you try to remove some of those gains. Scammers use a variety of tactics, including additional fees and taxes, withdrawal prohibitions in the terms and conditions, and abrupt changes to those terms and conditions. By this time, you will already be aware that something is amiss, but the con artists will cease returning your calls and emails and vanish altogether.

WHAT TO DO IF YOU’RE FRAUDED?

Prevention is crucial when it comes to protecting yourself from dishonest brokers; avoid making deposits with these businesses in the first place. Before making an investment, always carefully investigate the broker, check the registries, and carefully read the Terms and Conditions. Even if you’ve already made an investment, there are still a few options.

To prevent further financial losses, you should update all banking passwords. The broker may have given assistance with setting up their platform or even trading advice, but all they actually wanted was access to your computer so they could later access your bank accounts. If you have installed remote access software, make sure to delete it. Inform the appropriate authorities and your bank or credit card company that you have been conned. If you have transferred money using Visa or MasterCard, request a chargeback as soon as you can. Both companies have a policy that permits such chargebacks within 540 days.

Finally, it’s crucial to share your story with others; think about writing about it online. People would be able to prevent such scams by being aware of how they operate.

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To recover your money from Introtrade, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.