INTFX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this INTFX Review.
INTFX offers its clients several account types, depending on their initial investment amount. ECN Mini & Classic account types provide the same variable spreads, commission-free trading, leverage up to 1:500 and micro tradeable lots. ECN Premium accounts involve commission fees, but provide tighter spreads.
While the minimum initial deposit of $25 required by INTFX looks attractively low, the spreads offered on commission-free accounts are above the average for the industry (1.2 – 1.5 pips on EUR/USD). Trading costs on ECN Premium accounts seem lower, however the required initial investment is too high for unregulated brokerage
By comparison, FIBO Group (holding a CySEC license) offers spreads averaged 0.2 pips on EUR/USD on cTrader (ECN) accounts, where a commission of $6 per lot round turn applies.
The Company. Security of Funds
INTFX is a UK-based NDD broker that offers trading in more than 40 currency pairs, as well as CFDs commodities and indices on the industry’s standard MetaTrader 4 platform.
The company behind the brand, Integrate Solutions Limited, is registered in England and Wales, but is not regulated by the FCA (nor by any other authority).
We generally advise traders to avoid non-regulated and offshore companies, as doing business with such is extremely risky. You’d better choose a broker regulated by reliable authorities such as UK’s FCA, or Australia’s ASIC (for instance), where supervision is strict and your funds will be safe.
Like most brokers, this one also supports the renown MetaTrader 4 (MT4) platform, desktop and mobile versions available. It has been holding the title of the most popular Forex trading platform since 2005, and it continues to be the most widely used trading software, although its developer MetaQuotes tries to strengthen the market position of its successor and phase MT4 out.
INTFX offers 100% on-deposit bonus for live trading account holders with initial minimum deposit of at least $ for 90 days.
Methods of Payment
INTFX offers its clients the following payment methods: bank wire transfer and via credit/debit cards, as well as e-wallets such as Skrill, Neteller and Perfect Money.
INTFX is a UK-based forex and CFD broker that uses the renown MT4 platform and claims to offer pure NDD environment. The problem with this broker is that it is not licensed by FCA, nor by any regulator. Besides, its spreads on commission-free accounts are high.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
INTFX Review Conclusion
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