InbaseTrader is a forex broker established by a Chinese team on August 15, 2023. It primarily offers CFD trading services to users, including forex, stocks, stock indices, digital assets, ETFs, commodities, bonds, and more. The official website of InbaseTrader is www.inbasetrader.com, and according to whois information, the broker's website was registered on June 4, 2023, which is less than three months ago.
Company Background
The official website of InbaseTrader claims that the company was founded in the London Financial Center in 2005. However, no relevant information about the company's establishment could be found on public networks. The registered entity, INBASE HOLDING PTY LIMITED, was found on the official website of the Australian Securities and Investments Commission (ASIC), with a registration date of August 17, 2023, which contradicts the company's promotion of being founded in 2005.
Trading Software
The broker's application for MetaTrader 5 by MetaQuotes was rejected, and they are using Ctrader, developed by Spotware, as the trading software for their users.
Account Types
InbaseTrader offers three types of accounts:
- Professional Account
- Private Account
- Demo Account Users can choose different account types based on their trading needs.
Regulatory Status
InbaseTrader claims to be regulated by three financial regulatory authorities:
- NFA (National Futures Association) - Regulatory number: 0557016
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC MSB) (No relevant registration information could be found)
- Australian Securities and Investments Commission (ASIC) - Regulatory number: 001305305 However, according to the official NFA website, InbaseTrader is not an NFA member and is not regulated by them. The official website of Canada's Fintrac MSB also did not provide any relevant registration information. The only verifiable regulatory information is from the Australian Securities and Investments Commission (ASIC), where InbaseTrader is authorized by STAR FUNDS MANAGEMENT PTY LTD. However, this authorization does not grant retail forex trading permissions, and the main brand has been involved in false promotions through multiple fund managers.
Summary
InbaseTrader is not regulated by any regulatory authority, and investor funds are not placed in segregated accounts. Users should exercise caution when considering this broker's services. Traderknows reminds you to pay attention to the safety of your assets and avoid falling into fraudulent traps.
