Ingnitetrade poses as a new ASIC regulated broker that apparently has what it takes to elevate your trading experience. The asset class showcased by them is out of the ordinary and is certainly eye-catching. However, trading conditions, leverage and other crucial things are not shared.
Clearly, they are not transparent and the lack of structure becomes obvious, the more time you spend on their platform. Also, Australian authorities have issued a warning against this platform.
Below, we have gathered a few aspects of this exchange, go over them and then take a call.
Ingnitetrade Overview
Ingnitetrade is nothing but an online broker. They claim to have thousands of users and supposedly offer multiple trading instruments involving different asset classes under one roof. Unfortunately, narratives and the scarce amount of clarity present makes them an unreliable entity.
This platform is trying it’s best to cash in on the cryptocurrency craze too and talks about this sector a bit. Nonetheless, don’t let claims without verifiable metrics sway you in the wrong direction.
Domain History
We ran a search on this website to figure out their age and other traits. According to whois data, their domain was registered less than a year ago and the actual owners details are all hidden.
Moreover, they haven’t received considerable social mentions too and other noteworthy review sites label them as “high risk”. As all the major indications of a fraudulent exchange are present, it is a wise choice to walk away.
Contact Details
Apart from an email address, this brokerage hasn’t shared any details with the public. If you encounter any issue that requires immediate attention from them, then it is next to impossible to get assistance.
Reputable or compliant firms would never operate in this way and this aspect alone should tell you everything you need to know about them.
Ingnitetrade Review Conclusion
Ingnitetrade as an exchange doesn’t deserve attention. Their agendas are debatable and all the findings raise more concerns than answers. So, look elsewhere for all of your trading needs.
