In369 – Broker Review

In369

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In369

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Swiss Financial Market Supervisory Authority has issued a warning against In369 in August 2023

If you are looking for a reliable and trustworthy online broker, you might have come across In369. This broker claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But are they legit? Or are they a scam that you should avoid at all costs? In this review, we will examine the features, pros, and cons of In369 and help you decide if they are worth your time and money.

What is In369?

In369 is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. According to their website, they are regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines and have a license number of 25434 BC 2019. They also claim to have offices in London, Hong Kong, and Dubai.

In369 offers four types of trading accounts: Basic, Silver, Gold, and Platinum. Each account has different minimum deposits, spreads, leverage, commissions, and bonuses. The Basic account requires a minimum deposit of $250, while the Platinum account requires a minimum deposit of $50,000. The spreads vary from 0.1 pips to 3 pips depending on the account type and the trading instrument. The leverage ranges from 1:100 to 1:500. The commissions are either zero or $6 per lot depending on the account type and the trading instrument. The bonuses are up to 100% of the deposit amount.

In369 provides access to over 250 trading instruments across various markets. They support both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used and popular among traders. They also have a web-based platform that can be accessed from any browser and a mobile app that is compatible with Android and iOS devices. They offer various tools and features such as market news, economic calendar, trading signals, educational resources, and customer support.

What are the pros and cons of In369?

Pros:

  • Regulated by the FSA of St. Vincent and the Grenadines
  • Offers a wide range of trading instruments
  • Supports both MT4 and MT5 platforms
  • Provides various tools and features
  • Offers bonuses up to 100% of the deposit amount

Cons:

  • Based in an offshore jurisdiction
  • Has a high minimum deposit requirement for some accounts
  • Charges commissions for some trading instruments
  • Has variable spreads that can widen during volatile market conditions
  • Has limited payment methods

Is In369 legit or a scam?

Based on our research, we cannot say for sure that In369 is a scam, but we also cannot say that they are completely legit. There are some positive aspects about this broker, such as their regulation by the FSA of St. Vincent and the Grenadines, their wide range of trading instruments, and their support for both MT4 and MT5 platforms. However, there are also some red flags that raise our suspicion, such as their offshore location, their high minimum deposit requirement for some accounts, their commissions for some trading instruments, their variable spreads that can widen during volatile market conditions, and their limited payment methods.

Therefore, we advise caution when dealing with this broker. If you decide to trade with them, make sure you do your due diligence and verify their credentials. Also, only invest what you can afford to lose and use proper risk management strategies. Alternatively, you can look for other brokers that have more reputable backgrounds and better reviews from other traders.

What to Do If You’ve Lost Money with In369?

If you have been scammed by In369 or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.