InteracInvestor Review: The Number One Platform for CFD Trading or a SCAM?

InteracInvestor - logo
Rating:
1.5

InteracInvestor boldly claims to be the number one platform for CFD trading. However, we’ve heard similar assertions many times before, and skepticism naturally arises. Let’s embark on a journey together to scrutinize whether it is a legitimate and reliable broker. Discover the findings in our detailed review below.

InteracInvestor General Information

Website https://www.interac-investor.com/
Phone Number +447440934852
Email Support@interac-investor.com
Address Heron Tower, Level 20 110 Bishopsgate, London, EC2N 4AY, UK
License
Minimum Deposit $500
Assets CFDs
Leverage Up to 1:600
Trading Platform WebTrader

Registration and Client Portal Review

InteracInvestor seems to have opted for simplicity with its official website. The homepage features a generic image of skyscrapers, perhaps intending to convey an atmosphere of success. The overall design is quite standard, with a straightforward menu and minimal information about the company, as is often the case. However, it’s noteworthy that the website provides descriptions of various account types. Interestingly, the official site is available only in English and Russian, as if other languages don’t exist. As we delve deeper, we’ll explore whether this broker lives up to its seemingly global and renowned status.

InteracInvestor - website

The registration process on the InteracInvestor website is remarkably simple. Users are presented with a form that can be filled out, and interestingly, it allows for the input of fictitious or non-existent information. Strikingly, there’s minimal protection beyond the password. The email address and phone number are not subjected to verification, with no SMS confirmations sent. This lack of verification poses a significant security risk.

Register

The fusion of the personal account with the client terminal is an additional concern for security. Combining these two aspects does not contribute positively to the overall safety of user data. Moving on to the user account interface, it appears somewhat amateurish and lacks user-friendly navigation. This can potentially lead to confusion and difficulty in executing actions within the platform. The absence of stringent identity verification and the amalgamation of account components could be worrisome for users who prioritize the security of their personal information.

InteracInvestor - Client Portal

InteracInvestor Trading Conditions

InteracInvestor boldly touts itself as a leader in CFD trading, and we’re here to scrutinize whether their offerings live up to the hype.

Account Types Review

The company presents a total of 5 account types, unfortunately lacking a demo account option.

  • Trading kicks off with the Standard real account, requiring a $500 deposit. This account features a standard 1:100 leverage, with unspecified standard swaps and spreads.
  • Moving up, we encounter the “Plus” account, demanding a substantial $25,000 deposit. This account level boasts a heightened 1:200 leverage, along with a 10% discount on swaps and access to webinars and a live library. The justification for the hefty $25,000 investment may leave traders scratching their heads.
  • Stepping into the Gold account territory, a $50,000 deposit is mandatory. Clients benefit from “golden” spreads and a 1:400 leverage. The ambiguity around what defines these “golden” attributes raises questions about their actual significance.
  • For the Expert account, traders are required to deposit $100,000. This tier introduces a plethora of services, including cashback, insurance, and one-on-one training.
  • Finally, the Platinum account keeps the minimum deposit size undisclosed, urging prospective clients to contact a manager for clarification. This elite account level offers an impressive 1:600 leverage and platinum spreads.

While InteracInvestor’s account variety may seem extensive, the high deposit thresholds and vague descriptions of trading conditions disappointed us.

Trading Platform

The InteracInvestor platform failed to make a lasting impression on us. It appears to be a typical web trader, lacking any distinctive features. As mentioned earlier, the absence of a demo account, as well as downloadable or mobile versions, is a notable drawback.

The platform’s indicator toolkit is minimal, making it perhaps more suitable for novice traders, while advanced traders may find its functionalities lacking. Additionally, it’s worth noting that this platform is not an in-house development but rather a pre-purchased solution. It is unfortunate that the company did not invest in a full MetaTrader platform. If they aspire to be a leading CFD broker, a more advanced platform could have significantly enhanced their offering.

InteracInvestor — Deposit and Withdrawal of Funds

The deposit methods offered by InteracInvestor pose a significant mystery. Within the client portal, users are limited to providing details only for credit and debit cards. Unfortunately, the company’s deposit and withdrawal policies are not clearly presented on the website. The FAQ section also fails to shed light on these matters – it seems incomplete or insufficiently updated.

This lack of transparency in informing clients about the available deposit and withdrawal methods is a cause for concern. InteracInvestor should address these informational gaps.

Verification

As part of its commitment to maintaining a secure trading environment, the broker mandates a verification process for its users.

To comply with regulatory requirements and ensure the legitimacy of users, InteracInvestor requests the submission of identification documents. These documents may include a government-issued ID (passport or driver’s license), proof of address (utility bill or bank statement), and possibly proof of payment method.

Once the required documents are submitted, InteracInvestor’s verification team reviews the information provided. Users typically receive notifications regarding the status of their verification. If all documents are in order and the information aligns with the provided details during registration, the verification is successful.

Additional Options

The platform provides educational materials to enhance users’ trading knowledge and skills. This may include tutorials, webinars, and informative content designed to empower traders at various levels.

Also, InteracInvestor introduces a partnership program, allowing users to choose between representing the broker or inviting partners to join the platform. However, it’s important to note that detailed information about this program is not fully disclosed on the platform. Those interested are encouraged to seek clarification and guidance directly from the platform’s managers.

Is InteracInvestor a Scam?

Serious doubts have arisen regarding the credibility of InteracInvestor, prompting a closer examination of its overall trustworthiness. The next step involves a comprehensive assessment of the platform’s regulatory compliance and user experiences to determine whether it merits serious consideration.

InteracInvestor appears to be tight-lipped when it comes to revealing comprehensive details about its official registration. Despite our diligent search, the only traceable information is the address, which points to the United Kingdom. However, our investigative efforts to locate the company on the British registry proved futile. No such company by that name is registered, raising serious questions about its legitimacy.

Legal data check 1

However, hold on, there’s more. Strangely, the platform features the logo of SVGFSA – the Financial Services Authority of the St. Vincent and the Grenadines offshore zone. Could this be a legitimate registration? Unfortunately, our quest led to disappointment once again. InteracInvestor is not registered there either. This revelation unveils a grim truth – the company operates without legal authorization and lacks any official existence.

Legal data check 2

Interac-investor.com Domain Info

InteracInvestor has earned another strike against its reputation. The platform’s work history is notably brief. Through domain verification, we discovered that the website’s domain was registered on November 21, 2023. Consequently, this firm has been operational for just a few weeks. It’s unrealistic for a broker to claim the top spot in the CFD sphere within such a short timeframe.

Domain info

Contacts Review

For communication, InteracInvestor provides an email address, contact phone number, and a purported contact address. The address itself raises questions since the company lacks a legal existence. It’s doubtful that a physical office truly exists for a company operating without proper registration and authorization.

More Details

It has come to our attention that InteracInvestor has a special offer for traders – the opportunity to download remote access programs like TeamViewer and AnyDesk. However, it’s crucial to exercise caution when considering such propositions. Downloading and installing these programs pose significant security risks. They grant remote access to your device, and if not used judiciously, this can lead to unauthorized access, potential data breaches, and even financial losses. For the safety of your trading activities and personal information, it is advised to avoid installing such applications unless provided by a trusted and reputable source.

Pros and Cons

  • User-friendly platform.
  • Lack of official registration.
  • Limited operational history.
  • Sparse contact information.
  • Security risks with software offers.

 

3.1 TOTAL SCORE

InteracInvestor Summary

InteracInvestor - favi

InteracInvestor raises significant red flags, suggesting that it may not be a trustworthy platform. The company lacks official registration, making its existence questionable and its credibility dubious. Operating without a valid license further adds to concerns about legitimacy.


Website information content 3
Client Portal 4
Trading conditions 4
Trading platform 4
Deposit and withdrawal 3
Verification 4
Extra options 4
Licenses and guarantees 1
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does InteracInvestor Offer?

InteracInvestor claims to provide CFD trading services, but given the identified issues, it’s crucial for potential investors to thoroughly evaluate the risks before engaging with the platform.

How Much Money Should I Invest With InteracInvestor?

According to the trading conditions (as per their claim), the minimum deposit required is $500.

Is InteracInvestor Safe?

No, InteracInvestor cannot be considered safe. The company lacks official existence and operates without a license.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Brian

    Unsettling

    My experience with InteracInvestor was unsettling from the start. Despite submitting all required documents for account verification, they failed to complete the process. When I asked for their documents, they remained silent. The lack of transparency, the absence of an address, and constant demands for unusual photo verifications next to the monitor raised suspicions. It turns out, my initial intuition was correct – InteracInvestor is a fraudulent entity.

    Reply
  2. Dale McDonald

    Withdrawal problems

    InteracInvestor refused to process the withdrawal of my hard-earned money from the trading account. Despite increasing my deposit by 1.5 times within a week, the company alleged numerous rule violations, which seemed baseless. They failed to respond to my inquiries and requests for clarification on these rule violations. While they processed one withdrawal relatively quickly, subsequent attempts were met with silence.

    Reply