Intel-FX.com review – 5 things you should know about intel-fx.com

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Beware! Intel-FX.com is an offshore broker! Your investment may be at risk.

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Props to Intel-FX.com for presenting an alluring website that not only has the ability to fool and lure in novice traders, but is also quite simplistic. But its simplicity is its ultimate downfall because we see just what Intel-FX.com really is made of. Going through it for a second time, we cannot escape the familiar feeling of suspicion that we are so used to by now. We sensed it from the beginning, but it gradually arose, to become more than a mere tingle. The following review will disclose all the necessary details of Intel-FX.com, so please read it before you invest or do anything that might compromise you or your personal details.

First and fore most, we must register, because shady brokers cannot hide the real trading and payment conditions on their user area. It’s the last frontier, the one we always aim to uncover.

Creating an account was incredibly easy, and after a very short time we were also given MT4 login credentials. The resulting user area incorporated more elements that the website of Intel-FX.com, yet we were ultimately left disappointed and wanting much more. For one, there was no trading platform that belonged to Intel-FX.com, i.e not one with servers under the broker. Thus, the broker, in reality, does not offer any trading conditions. None of the leverages, spreads, and tradeable assets are applicable. It’s all basically empty promises. It may not seem true, but the client portal reveals the truth. That is why many scammer brokers do not wish random users to enter their user areas.

The website of the company has been made available only in English.

INTEL-FX.COM REGULATION AND SAFETY OF FUNDS

Aside from an alleged UK registration, there is nothing really of worth here, as in helpful info for thios section. The broker has not invested in proving legit services it seems.

In order to open an official and legal FX trading business in the United Kingdom, you must apply for a license with the FCA, and get said license. Otherwise, you cannot operate such a business. If Intel-FX.com really is operating in the UK, then it is doing so without proper authorization, because the firm is not licensed by the FCA!

Another , not too clear, sign of illegitimacy are the short terms and conditions, which include no more than a couple of paragraphs. They are quite useless, meaning that users who enter into a legal battle with Intel-FX.com will not have the upper hand. There are no other legal document other than these.

It is safe to say that Intel-FX.com is UNLICNESED, and therefore a risk to all investments made in it!

Always look for  FCA or CySEC regulated brokers, as well as U.S based ones, or any broker that holds a proper license from a legit regulator. The main reason for this is that all money that is invested in unlicensed brokerages will be lost, so better to invest it in a regulated entity than give it to a fraudster. Most FX overseers have strict rules applied to all their regulated entities so that the brokers may not manipulate them or make things work in their favor. Some agencies even offer compensation schemes that are applied to all users of licensed brokers. These funds are applied when the brokers cannot pay their debts to clients. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

INTEL-FX.COM TRADING SOFTWARE

As we already mentioned, we had no way to access a trading office, because there is no such thing here. Users cannot trade in any way, clearly making Intel-FX.com anything but a broker.

In short, the trading software link in the user area reveled a trading terminal with a completely different name than that of Intel-FX.com, completely unrelated to the broker at hand. This means that the servers on which users can trade do not belong to the broker being reviewed today.

INTEL-FX.COM DEPOSIT/WITHDRAW METHODS AND FEES

From the user area we learn the following of deposits: the only way to invest is through something called Secure Payment 3D, which is actually a sort of credit and/or debit card e-payment service. There is no minimum investments amount; users are free to deposit a sum as low as €1.

From the withdrawal area we gather that the minimum amount to take out is $10. The only way to do so is through a wire transfer.

As some of you may have noticed, the website reveals different payment conditions than the ones that the user dashboard shows. This sort of discrepancy is common for scammer brokers.

We find the, always dangerous, Deposit & Withdrawal Policy, in which many a scammer clauses have been revealed by us in the past.

As is common with most scammer brokers, the inclusion of the Non-Deposited Funds clause in the aforementioned policy has become a staple. Because of this clause, users cannot withdraw profit as well as bonuses! This completely eliminates any reason for investing it this company.

The only other thing that the Policy offers is a mention of withdrawal fees, but we are not sure what these are. There are no processing times, which is usually always included.

Moreover, we will not be including any more clauses for the simple reason that there is nothing to put. The terms and conditions consist of less than ten short paragraphs, and they reveal nothing of importance, safe for an indemnification clause.

In conclusion, we ask you if we have talked about anything new here? The answer is no. Intel-FX.com is yet another broker that will soon be forgotten, and its creators will probably move on to some other illicit investment scam. In the meantime, we urge your readers not to invest here!

How does the scam work?

The first step of the most popular investment scam is the ability of online ads to lure users in. Online ads that consist of alluring profit possibilities, luxury, cars, etc, are almost always ads leading to either a scammer FX site or in some cases an intermediary website where users are bombarded with even more fake promises of money.

Those who fall for these are almost always asked to provide some sort of a contact number or email address, so the scammers can start contacting them and asking them to invest.

Picking up the phone, the user will be put with the first wave of scammers, the initiators, whose job is to push for the first deposit and fixate the user in the scam. These individuals are motivated by the fact that they will take a tasty percentage out of the invested sum.

Next come the retainers, or the pro scammers sometimes referred to as “account managers”. These will stay with you for some time and pretend to be on your side. As likable as they seem, rest assured that their only goal is to take as much money as they can. They are great talkers and can easily manipulate clients through different psychological channels.

Once users wish to take out their deposit or profit, which is actually totally non-existent, the broker will start staling the request. This is the most common thing to do. Some fraudsters can stop responding to requests, while others may shut down users’ accounts or entire websites!

The crucial thing to note is that users will never see their invested capital again!

What to do if scammed?

The smartest thing to do is file for a chargeback with your credit or debit card company. MasterCard and VISA have a chargeback period of 540 days.

If you have lost money by means of a wire transfer, the first thing to absolutely do is change your bank account’s username and password. Next, we encourage readers to contact the bank and try to reason with them.

Money lost by way of crypto transactions is definitely lost. There is no way to get it back. It’s crucial to never invest in unlicensed brokers through cryptocurrencies.

And lastly, do not fall for recovery agencies or agents. In return for a sum of money these, previously unknown, groups, or person, will promise to recover your lost funds, Safe to say that they will take the commission and disappear!

Rich Snippet Data

Reviewer

TheForexReview

Review Date

2021-05-27

Reviewed Broker

Intel-FX.com

Broker Rating

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