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Intrade.Bar Review 2024

Last updated Jun 17, 2024
Intrade.Bar is trusted. Tested via live trading.
Intrade.Bar №9 in the binary options brokers list

Highlights of Intrade.Bar

Intrade.Bar Logo
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 85%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
Forex
Trading Platforms
Intrade.Bar
Deposit/withdrawal:
FKWallet Logo
Perfect Money Logo
Система быстрых платежей (СБП) Logo
Visa Logo
Mastercard Logo
Мир Logo
compare Intrade.Bar options types

Intrade.Bar is a binary options broker that has maintained client trust through fast and reliable payouts, fixed rewards, and fair quotes from FXCM. It is important to note that the broker allows trading bots, albeit with some limitations.

Users appreciate the convenience and functionality of the trading platform, despite occasional brief outages to which the support team responds promptly.

Pros and Cons of Intrade.Bar

Pros

  1. Transparent quotes from FXCM.
  2. Compensation depends only on the transaction amount and expiry, with no floating spreads.
  3. Multiple deposit and withdrawal methods.
  4. Fast withdrawal of funds without commission.
  5. Prompt customer support.
  6. Trading without verification is possible.

Cons

  1. No iOS app.
  2. Operates without a license from regulators.
  3. No analytical or educational materials.
  4. No markets other than Forex.

Intrade.Bar Broker Overview

Foundation Year2015
Official Websitehttps://www.intrade.bar
Regulated in Countries
Minimum Deposit
  • 10 USD
  • 500 RUB
Spreadfrom 0 points
Max Leverage1:1
Trading Assets
  • Forex
Trading Platforms
  • Intrade.Bar
Email Support
  • support@intrade.bar
Hotline Phones
Social Media

The broker Intrade.bar began its operations in 2016, targeting users from Russia and operating within Scottish jurisdiction. However, in 2018, the European financial regulator ESMA effectively banned binary options within the EU, forcing the company to change its registration to Saint Vincent and the Grenadines.

Intrade.bar positions itself as a "transparent binary options broker." Unlike competitors who lured newcomers with substantial bonuses and engaged in outright scams, the company's founders eschewed such marketing ploys. To stand out, it was sufficient to establish fair rules for clients—this became the focus of the Intrade Bar team.

As a result, the broker entered the market with a whole arsenal of advantages:

  • Fixed rewards — clients know the profit from a transaction in advance, which remains unchanged over time;
  • Rapid fund withdrawal — typically in no more than 15 minutes;
  • Unblocked accounts — successful traders are not hindered but are offered additional benefits for fund withdrawal;
  • No intrusive managers — the company does not request phone numbers and does not make promotional calls to clients;
  • No bonuses — because bonuses usually hide a marketing ploy for the inexperienced trader;
  • Quick and competent support — the manager pays a portion of their salary for every question left unanswered.

The face of the Intrade.bar brand became two-time world cross-lifting champion Alexey Kosterin.

The face of the Intrade.Bar brand
The face of the Intrade.Bar brand

Intrade.Bar Review Summary

In our review of the Intrade.bar broker, we employ a comprehensive approach to evaluation based on broker assessment methodology. This methodology includes the analysis of various aspects of the broker's operations, such as trading conditions, available platforms, the quality of analytics, and the level of customer support. We aim to provide the most complete and unbiased picture to assist you in making an informed decision. Continue reading to discover all the details about the Intrade.bar broker and determine whether it meets your trading needs.

Reliability and Regulation

Rating:2.5/5
Legal EntityRegulator
-

The registration of brokers in Saint Vincent and the Grenadines is common in the binary options industry and other forms of online trading. Brokers often choose these jurisdictions due to their liberal laws and regulatory policies.

However, the absence of a regulator may raise particular concerns among some traders. The broker operates without a license, but the situation is unclear. Binary options are not subject to licensing in most countries of the world. Many binary options brokers used to operate under the license of the CROFR — an organization that positions itself as a financial regulator. But in practice, it is a commercial structure that does not perform any supervisory functions and sells its certificates for a substantial amount of money.

At the dawn of its founding, Intrade.bar published an official position on licensing with CROFR. In its statement, the company emphasized that CROFR is a pseudo-regulator that does not protect clients from potential losses. Subsequently, a vote was conducted among the clients, as a result of which the broker decided to forgo licensing.

Whether this is good or bad is not for us to judge. However, we note that today it is possible to obtain a state license for trading binary options, for example, in Cyprus, as the broker IQ Option did.

Account Opening

Rating:5/5

The registration process at Intrade Bar appears to be simple and quick: it requires only a name, surname, and email, after which the client can immediately access the account, fund the balance, and start trading. The lack of mandatory verification for deposits and withdrawals makes the process even more convenient and swift, although this may raise specific security concerns.

The option to choose between the US dollar and the Russian ruble as the account's base currency and a low minimum deposit makes this broker accessible to a wide range of traders.

Registration

To open a real or demo account, visit the official Intrade Bar website (https://www.intrade.bar/) and click the "Register" button.

A window will open where you must enter your name, surname, and email. A link to confirm the registration and a password will be sent to the specified address.

Immediately after registering at Intrade Bar, you can go to your account, fund your balance, and start trading. We will talk more about the specifics of trading through Intrade.bar below.

Intrade.Bar Registration form
Intrade.Bar Registration form

Base Currencies of the Account

The broker Intrade.bar offers its clients the choice between two popular currencies: the US dollar (USD) and the Russian ruble (RUB).

Switching between currencies in the personal account gives traders flexibility and allows them to adapt to personal financial conditions. You can choose the currency that best matches your trading strategies, preferences, and market conditions.

Minimum Deposit

You can start trading in the real market by depositing just $10 or 500 rubles. Such a low entry threshold allows beginners to start trading without significant financial risks and allows experienced traders to test the trading conditions of Intrade Bar without investing large sums.

Verification

Verification is an essential part of working with a broker, as it contributes to the security and transparency of trading operations. At Intrade.bar, the verification process is somewhat different from most other brokers.

Specifically, verification is not mandatory for depositing funds into your trading account. It is also not required for withdrawals. This approach allows the broker's clients to quickly start trading and efficiently manage their funds without going through a complex and time-consuming verification process.

However, it should be considered that verification can be requested by the broker's security department at any time. This is done to prevent potential violations and ensure the security of operations. Therefore, despite its non-obligation, we recommend undergoing verification in advance. This will help avoid possible delays or inconveniences in the future if a verification request comes at an inconvenient time.

Intrade.bar's approach to verification represents a balance between convenience for clients and ensuring the security of trading operations.

Account Types

Rating:4/5

This section will look at the trading conditions offered by Intrade.Bar broker to traders.

Our opinion: The trading conditions provided by Intrade.bar are pretty attractive for a wide range of traders. They offer the flexibility to manage deals, choose from various currency pairs and trading modes, and plan a trading strategy based on fixed and known-in-advance return percentages.

Binary Options: Classic and Sprint

The lifetime of a binary option (expiration term) ranges from 1 minute to the end of the day. The ability to choose a specific expiration depends on the trading mode: Classic or Sprint.

ClassicSprint
Trading Assets
  • Forex
  • Forex
Expiration times1 minute - End of day3 minutes - 500 minutes
Profitability60-85%60-85%
Minimum Trade$1$1

In Classic mode, you can set the expiration only to a fixed time selected in a separate window. It must be a multiple of 5 minutes—for example, 16:00 or 16:05 is available, but 16:02 is not. However, the maximum expiration term will always be 23:55, the end of the current day.

Sprint options allow setting the expiration time in 1-minute increments, with values ranging from 3 to 500 minutes.

The reward size in both Classic and Sprint modes does not differ—if the same expiration time is chosen.

Payouts for Binary Options

The reward in Intrade Bar depends on just two parameters:

  1. the amount of the transaction: the boundary is at the mark of 5000 RUB or 80 USD;
  2. the expiration time of the binary option.

The percentage of income is strictly fixed and known in advance, allowing for effective trading strategy planning. The profit coefficients for a successful deal at Intrade Bar are presented below.

Expiration TermLess than 5,000 RUB / 80 USDMore than 5,000 RUB / 80 USD
1 minute60%63%
3 minutes82%85%
4 to 500 minutes79%85%
Over 500 minutes82%85%

Demo Account

A demo account allows trading with virtual money without risking an actual deposit. The starting balance is 100,000 rubles. This amount can be restored at any time: go to the main page of the personal account, scroll down, and click the "Refresh demo" button.

Trading on a demo account is no different from actual trading: the same rates and commissions apply, and the complete list of currency pairs is available.

Intrade Bar Contests

The broker Intrade.bar offers clients a unique opportunity to participate in monthly cash tournaments. These tournaments are a great way to test trading skills and earn additional funds. The prize pool is $1,800, distributed among three prize places: 1st place - $1,000, 2nd place - $500, and 3rd place - $300.

Participation Rules

  • The tournament is free, but with one condition: 80% of the participant's account replenishments must be made through USDT in the last two weeks.
  • Each participant is given 1000T (virtual dollars) for the tournament account.
  • Multi-accounting is strictly prohibited.
  • All trading methods are allowed, including martingale, anti-martingale, and algo-trading.
  • Win rate and rating are updated every minute, and open trades are not displayed on the tournament page.
  • If several participants score the same points, the prize goes to the one who finishes trading first.

Such an approach makes Intrade.bar tournaments exciting and dynamic, providing broad opportunities for various trading strategies.

Information about current contests at Intrade.Bar can be found in the client area.

Commissions

Rating:4/5

Unlike many Forex brokers, Intrade.bar does not charge trading commissions or spreads. This means you will not have to pay a commission for each trading operation, which can significantly reduce your trading costs and increase potential profit.

However, despite the absence of trading commissions, there are withdrawal fees. The commission for withdrawals to cards is 80 rubles plus 3%. For all electronic wallets, the fee is 3.5%.

Suppose you withdraw an amount of 7000 rubles or $100 and above, equivalent to 150% of the size of your deposit. In that case, the broker will cover the commission, and the amount you requested for withdrawal will be credited to your account.

Please note that the company may also take an additional commission for the withdrawal of funds for not fulfilling a turnover of 50%. When withdrawing to a hryvnia card, a commission for currency conversion may also be taken.

Deposit and Withdrawal

Rating:4/5

Every client of Intrade.bar has two accounts — a dollar (USD) account and a ruble (RUB) account. There's no notable difference between them: the same rules, commissions, and reward sizes apply to both. However, if your card or e-wallet is denominated in rubles, working with the RUB account is more advantageous as there will be no losses on currency conversion. Conversely, you should opt for the USD account if your card or e-wallet is in dollars.

Deposit Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
FKWalletFKWallet
RUBUSD
0%
from 500 RUBfrom 10 USD
Perfect MoneyPerfect Money
USD
0%
from 35 USD
Система быстрых платежей (СБП)Система быстрых платежей (СБП)
RUB
0%
from 500 RUB
VisaVisa
RUB
0%
from 500 RUB
MastercardMastercard
RUB
0%
from 500 RUB
МирМир
RUB
0%
from 500 RUB
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип TetherUSDT (Tether)TRC20
0%
from 35 USDT

There are no fees for depositing funds in Intrade Bar. To deposit funds, open your account and select the relevant item in the left column.

How to deposit to Intrade.Bar
How to deposit to Intrade.Bar

Click on the appropriate deposit method, enter the amount, and press "Deposit". Usually, funds are credited instantly.

Withdraw Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
AdvCashAdvCash
USD
3.5%
QiwiQiwi
RUB
3.5%
VisaVisa
RUB
3%+ 80 RUB
MastercardMastercard
RUB
3%+ 80 RUB
МирМир
RUB
3%+ 80 RUB
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип TetherUSDT (Tether)TRC20
0%
from 50 USDT

The commission for withdrawing funds in Intrade Bar depends on the payment method:

  • to a bank card — 80 RUB + 3%;
  • to an electronic wallet — 3.5%.

Withdrawals of 7,000 RUB or $100 can be made without a commission — but only if the client's turnover exceeds 150% of the last deposit amount.

Select the corresponding item in the left column to order a withdrawal in Intrade Bar. Then click on the logo of the payment system and specify your details. Money usually arrives instantly, but sometimes, the payment can take several hours.

How to withdraw funds from Intrade.Bar
How to withdraw funds from Intrade.Bar

Markets and Products

Rating:2/5

Intrade Bar offers binary options trading on 21 currency pairs, considered a low range in the industry. A positive aspect is that the reward does not depend on the chosen currency pair, providing traders with flexibility in asset selection.

Nevertheless, the range may seem limited for more experienced traders or those looking for greater variety. Brokers with a broader array of products and markets are usually preferable for diverse trading strategies.

Available Markets

Intrade Bar provides binary options trading on 21 currency pairs.

BrokerIC MarketsIntrade.BarPepperstone
Forex612197
Precious Metals720
Energy Carriers54
Soft Commodities816
Indices2526
Stocks2175986
ETF38108
Bonds10
Cryptocurrency2130

Forex

The reward does not vary with the currency pair. Traders can equally profit from trading popular assets and more exotic options like NZD/JPY.

AUD/CADAUD/CHFAUD/JPY
AUD/NZDAUD/USDCAD/JPY
EUR/AUDEUR/CADEUR/CHF
EUR/GBPEUR/JPYEUR/USD
GBP/AUDGBP/CHFGBP/JPY
GBP/NZDNZD/JPYNZD/USD
USD/CADUSD/CHFUSD/JPY

Trading Platforms

Rating:3.5/5

The Intrade Bar broker utilizes its proprietary platform for trading binary options. It operates directly in the browser – log in to your account at Intrade.bar and click the "Trading Platform" button. On the same page, you can view a video thoroughly explaining all the nuances of working with the platform.

Login to the Intrade.Bar trading platform
Login to the Intrade.Bar trading platform

The platform uses quotes from FXCM – a well-known forex broker headquartered in London. Price history is displayed on TradingView charts, allowing you to draw technical analysis figures, add many indicators, and save settings for subsequent use.

Mobile Version

Since 2020, Intrade Bar has had an Android application available. It can be downloaded for free in the FAQ section or the personal account. The broker's support also honestly warns that Samsung phones often experience two issues: a white screen and an "unknown instrument" (red dot) instead of the chart.

If you have the "White screen" issue, the bug fix is as follows: Phone settings -> Applications -> Intrade.bar -> Memory -> "Clear cache" and "Clear data".

If the problem is "unknown instrument" (red dot), the solution is Phone settings -> General settings -> Date and time -> Auto time detection – ON.

An application for iOS operating system phones is currently unavailable.

How to Start Trading on Intrade.Bar

You can start trading binary options on Intrade.Bar in a few simple steps:

  1. set up the trading mode;
  2. choose risk management parameters;
  3. decide on the trading asset;
  4. go to the platform and start trading.

Setting Up Trading Mode

To start trading, log in to your account. Before opening the trading platform, select the working mode: Classic or Sprint.

Selecting a trading mode on Intrade.Bar
Selecting a trading mode on Intrade.Bar

In the settings, you can also set the Martin (martingale) coefficient: each subsequent bet will be multiplied by the selected number. For example, if you put it to 2 and start trading with 100 rubles, the next trade will open at 200 rubles, then 400 rubles, and so on. This mode is quite risky, so it is advised to use it cautiously. By default, the Martin coefficient is set to one, meaning there is no multiplication of the bet.

Once the setup is complete, you can move on to the trading platform.

Setting Risk Management Parameters

At the beginning of each trading day, the platform offers to set up risk management. You can set a maximum profit and loss, upon reaching which the platform will prohibit further trading for the rest of the day. Risk management is helpful for those who quickly get caught up in the excitement, as it protects against instantly losing the deposit. If you don't need such constraints, click the "No limits" button.

Risk management Intrade.bar
Risk management Intrade.bar

Choosing Assets for Trading

The trading terminal window will open. Click on the star to view the list of currency pairs for trading.

View the list of currency pairs on the Intrade.Bar platform
View the list of currency pairs on the Intrade.Bar platform

In the open window, select the pairs you want to work with. Confirm the selection by clicking "Save".

Selecting favorite currency pairs for trading on Intrade.Bar
Selecting favorite currency pairs for trading on Intrade.Bar

Overview of the Terminal

Intrade.bar uses TradingView charts, which are found on many trading platforms. You can change the timeframe, draw figures, and apply indicators – in short, use all technical analysis tools. Our review of TradingView might help you figure it out.

The right column is intended for placing trades.

Let's briefly go over the main points:

  • amount – the minimum value is $1 or 50 rubles, the maximum – $500 or 25,000 rubles;
  • time – the moment of expiration of the binary option when profit or loss will be calculated;
  • Call – a call option, i.e., a bet on the increase of the currency pair;
  • Put – a put option, i.e., a bet on the decrease.

Below the Call and Put buttons is a list of open and closed trades.

Managing trades on Intrade.Bar
Managing trades on Intrade.Bar

Trading Binary Options

On the chart, an open trade looks as follows:

Open trade on Intrade.Bar
Open trade on Intrade.Bar

If the forecast is correct at expiration, profit is instantly credited to the balance. If the forecast was incorrect, the balance remains the same, as the transaction amount was deducted from the balance upon opening the option.

In your account on Intrade.Bar, you can view your trading statistics. It will help the trader analyze their trading and correct some mistakes.

Trading statistics on Intrade.Bar
Trading statistics on Intrade.Bar

Analytics

Rating:2/5

When conducting a review of the Intrade.bar broker, it becomes apparent that one of the main drawbacks of this broker is the lack of analytical materials. The broker does not provide analytical tools such as an economic calendar, trading signals, market news, or analytical reviews. This can pose severe challenges for traders, especially for beginners who do not yet have sufficient experience to analyze the market independently.

The only analytical tool on the Intrade Bar platform is the transaction statistics for binary options. This tool can be helpful for self-analysis and correction of the trading strategy, but it does not replace full-fledged analytical tools and materials.

Analytics is a crucial element of successful trading, as it helps traders make informed decisions and develop effective trading strategies. The absence of this component can seriously limit a trader's opportunities and increase the risk of unforeseen losses.

Education

Rating:2/5

Besides the FAQ section that answers basic questions about the platform's operation, the broker does not offer additional educational materials. This can be a significant obstacle for novices just starting their journey into the world of binary options.

Educational materials, such as webinars, video tutorials, and interactive courses, are crucial for skill development and understanding of trading. They help new traders learn the market basics, get acquainted with various strategies, and improve their trading skills without the risk of losing real money.

There is a lack of educational materials on the Intrade.bar platform means that traders, especially beginners, are missing out on an essential resource for learning and refining their skills. This could increase risk and potential losses, particularly for those just beginning their trading career.

Customer Support

Rating:4.5/5

The Intrade Bar customer support operates weekdays from 9:00 AM to 5:00 PM (GMT +3). There are several ways to ask a question:

According to the information on the website, for every incorrect answer or ignored question, $5 is deducted from the manager's salary. We cannot verify this, but reviews indicate Intrade.bar's support responds quickly. Our experience confirms this: while preparing the review, we clarified information about the broker in the support chat and received a comprehensive answer within 3 minutes.

Conclusion

Intrade.bar is one of the few binary options brokers that has managed to retain the trust of its clients. The company distinguishes itself by offering fast and stable payouts, fixed rewards, and fair quotes from FXCM. Notably, the broker also allows trading robots, albeit with some restrictions.

User complaints are primarily about the trading platform: it is convenient and functional but suffers from occasional glitches. However, such incidents cannot be called frequent, and customer support responds quickly to any issues.

FAQ

Intrade.Bar is registered in Saint Vincent and the Grenadines, a common practice for binary options brokers due to the liberal regulatory policies. While the broker operates without a formal license, it's important to note that binary options are not subject to licensing in most countries.

Which country is Intrade.Bar from?

Intrade.Bar is registered in Saint Vincent and the Grenadines.

How does Intrade.Bar make money?

Intrade.Bar makes money through the spread on trades, as well as from the outcomes of trades placed by its clients. They may also earn from additional services and fees.

Is Intrade.Bar good for beginners?

No, Intrade.Bar is not ideal for beginners. The platform is not very user-friendly, and there are no educational resources available to help new traders learn the basics.

Does Intrade.Bar offer a demo account?

Yes, Intrade.Bar offers a demo account for users to practice trading without risking real money.

How can I open an account with Intrade.Bar?

To open an account with Intrade.Bar, visit their website, click on the "Sign Up" button, and follow the registration process by providing the required personal information and verifying your identity.

How can I delete my Intrade.Bar account?

To delete your Intrade.Bar account, you need to contact their customer support team and request the closure of your account. Follow any additional instructions they provide.

What is the minimum deposit for Intrade.Bar?

The minimum deposit for Intrade.Bar is $10.

How do I deposit funds in an Intrade.Bar account?

To deposit funds into your Intrade.Bar account, log in to your account, go to the deposit section, choose your preferred payment method, and follow the instructions to complete the transaction.

How do I withdraw money from Intrade.Bar?

To withdraw money from your Intrade.Bar account, log in to your account, navigate to the withdrawal section, select your withdrawal method, enter the amount you wish to withdraw, and follow the provided instructions to complete the process.

Visit Intrade.BarTrading binary options carries high risks. You may lose all invested funds

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.