Interactive Trading broker review: Could This Broker ScamYou?

Thinking to open a trading account? Looking for the right broker? Thinking that Interactive Trading might be the one? Read our in-depth Interactive Trading review and find out why you should not open an account with this broker. We covered regulations, leverage, fees, reviews. Everything you need to know about a broker. Let’s start.

Regulation and Security

Interactive Trading broker is an offshore broker based in Saint Vincent and the Grenadines. The brand is owned by Innovative Software Solutions LLC. Interesting thing is that at the same address as this company we found another two companies – Advanced Software Solutions Ltd and Global Software Solutions Ltd. All of these companies have very similar, generic names that cannot be found by a simple search. Advanced Software Solutions Ltd is listed as the owner of INVcenter. More about this broker can be found in our INVcenter review.

When it comes to the security of the funds, the broker does not provide any information.

When you try to search for an Interactive trading broker, you can easily miss it for Interactive trade or Interactive Broker. Most scam companies do this on purpose because it’s harder to find reviews about them.

We can safely conclude that this broker is not legit.

In which countries does this broker work?

Interactive trading broker operates in all the countries as it seems. The broker has no regulation, so legally shouldn’t be providing services anywhere. According to the website of this broker, there are no restricted countries.

We checked Interactive Trading reviews and figured that most of their clients are coming from the UK, Belgium, France, Italy, Australia.

Wherever you are, be aware of this scam broker.

How Online Trading Scams Work?

Many offshore brokers are establishing their business online. Why? Because that way they do not pay taxes and do not need regulation. Offshore countries are tolerating these brokers and letting them exist without proper control. These brokers are posting ads everywhere hoping to find clients. And after you see the ad, and think you found something that fits your needs, boom! You deposited the money and it’s gone. Sometimes, they might retain you for a while, to make sure they took as much as they could. What you should always be aware of is this – you are the owner of your funds. You should have full control and decide about everything. And if you ever hear from a broker that you cannot withdraw your funds now, or that he knows better, be aware. Something is wrong with this broker, and you should go away. 

Scammed by Interactive Trading?

If despite all the warnings you get involved with this broker and get scammed by Interactive Trading, do not worry. You can always file a dispute. Chargeback is your solution!

What is a chargeback? It’s the refund of the card you used to make a transaction. If you didn’t get the product or service, or you were scammed in any way, you are entitled to ask for your money back. Contact us immediately and let’s start!