Interactive Trade Review 2020
Interactive trade is an online trading broker that allows its clients to trade various assets, including shares, indices, commodities, metals, futures, and currency pairs, via the sophisticated MetaTrader 4 trading platform. The broker offers multiple trading account options with a leverage of up to 1:400 but they are unregulated which could be a red flag for potential clients.
Interactive Trade Review 2020, Pros & Cons
- MetaTrader 4 trading platforms
- Multiple account options
- Various financial instruments
- Educational resources
- Lack of regulation
- Offshore brokerage
- Limited standalone trading tools
- Limited account funding options
- Not the lowest spreads
In this detailed Interactive Trade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Interactive Trade is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Interactive Trade.
Interactive Trade Review: Summary
Interactive Trade is a retail broker that has over 10 years of experience in providing online trading services to around 125,000 traders across the globe. The broker provides modern analytical tools and the powerful MT4 trading platform, along with educational resources and professional customer support. There is also a variety of trading account options to choose from.
Interactive Trade Review: Regulation
Interactive Trade is the brand name of Dristor solutions limited, which is registered in Saint Vincent and the Grenadines with the registration number: 25201 IBC 2018. The broker’s website has no regulatory information.
Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Interactive Trade Review: Countries
The broker allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. This excludes traders in the USA.
Some Interactive Trade features and products mentioned within this Interactive Trade review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Interactive Trade Review: Trading Platforms
Interactive Trade provides its clients with the reliable and time-tested MetaTrader 4 platforms as well as a separate WebTrader; clients can use either or both. The broker aims to offer traders the best trading environment that fits their trading needs and styles. The MT4 platform has a user-friendly and intuitive interface, which makes it a platform of choice for both novice and experienced traders.
MT4 is available as a desktop application for Windows and Mac computers, a web version that needs no installation, and a mobile app, which is designed for Android and iOS devices. The mobile trading app is useful for those who need to access their trading account to place and manage trades whilst on the go from anywhere in the world with an internet connection.
Interactive Trade Review: Trading Tools
There are no well-defined standalone trading tools on the broker’s website. Nevertheless, the MT4 trading platform should have more than enough trading tools to satisfy the trading needs of most retail traders.
Interactive Trade Review: Education
The broker’s website has a selection of educational materials to help improve clients’ trading skills and knowledge. They include instructive guides on deposit and withdrawals; News that keep traders in the know about latest happenings in the financial markets; and an FAQ section, which contains clients’ most common questions along with their instant answers.
Interactive Trade Review: Trading Instruments
Interactive trade makes it possible for traders to trade several assets from different markets, including shares, indices, commodities, metals, futures, and currency pairs via the sophisticated MetaTrader 4 trading platform.
Interactive Trade Review: Trading Accounts & Fees
Interactive Trade offers three primary trading accounts: Silver, Gold, and the exclusive Platinum Accounts. Each account has its distinct benefits, ranging from a higher leverage level to additional features and support. Swap-free Islamic accounts that comply with the sharia law are available for Muslim clients.
As broker fees can vary and change, there may be additional fees that are not listed in this Interactive Trade review. It is imperative to ensure that you check and understand all of the latest information before you open an Interactive Trade broker account for online trading.
Interactive Trade Review: Customer Service
The broker offers a 24/6 customer support, which can be reached via telephone, email, and online live chat.
Interactive Trade Review: Deposit & Withdrawal
Interactive Trade allows clients to deposit and withdraw funds from their trading accounts using any of the following payment methods.
- Bank transfer
- Credit/Debit Cards, such as Visa, MasterCard, and more.
Interactive Trade Review: Account Opening
To open a trading account, click on the ’Registration’ button on the homepage of the broker’s website and fill out the form properly and submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Interactive Trade Review: Conclusion
Interactive Trade is a trading broker that operates from Saint Vincent and the Grenadines, offering multiple financial instruments for online trading via the MT4 trading platform. The broker has different account options with maximum leverage capped at 1:400. However, the broker is not regulated by any known financial authority. The trading brokers review team did also not find them to have the lowest spreads when compared to some of the best brokers.
Trading with forex, CFDs, and precious metals carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. You should not speculate with an amount you cannot afford to lose.