Interactive AI Review: Inter-active-ai.com is a Brutal Scam
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Interactive AI Review
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Regulation
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Fund Safety
Summary
Although the broker appeared liberal with information at first, they were cagey about their leaders. We could not find any data about the firm’s founders or current executives. This was concerning because without this knowledge, we could not establish the broker’s true identity.
As a forex trader, you must avoid Interactive AI as much as possible. Many new traders do not know what to look for in a forex broker, and thus, they end up making quick, irrational decisions when selecting one.
However, with in-depth research, you can uncover the true nature of a forex broker and distinguish between a fake and a genuine one. No matter what a broker promises, always do your homework to ensure that you are always dealing with an honest and transparent crypto broker.
About Inter-active-ai.com
The broker claims to be a global, multi-asset broker offering clients access to trading CFDs on forex, commodities, indices, and shares. They also claim to have over 10 years of market experience and are headquartered in London. The broker also purportedly currently has over 1,000 staff across more than 10 global offices. However, when we checked whois.com, we found that they registered their domain in April 2024. Thus, they are lying about their size and market experience.
When you register an account, you get a 50% welcome bonus. It is worth noting that this is a common practice among forex trading scammers. They lure traders using such welcome bonuses so that the traders can think they are legit. When we tried to get more details about the welcome bonus, the website redirected us to the registration page.
Founders and Team
Although the broker appeared liberal with information at first, they were cagey about their leaders. We could not find any data about the firm’s founders or current executives. This was concerning because without this knowledge, we could not establish the broker’s true identity. Employees and founders help to portray the true image of the company. The broker has only provided some photographs of certain individuals on the website. That is not enough, however, because we could not tell who the people in the images were. The broker did not give any corresponding names. The broker’s anonymity shows they are hiding some crucial information. The site owners are probably seasoned scammers, and hence the brokers fear revealing them.
Interactive AI Contact Details
You can reach the broker through an email, phone number, or physical address. Although they have given these details, it does not mean they are legit. Many scam brokers give contact details, but when you try to use them, you find that they’re unreliable. Mainly, the scam brokers do this to avoid legal repercussions for their actions.
Regulation
Being a UK-based broker, Interactive AI should be under the oversight of the Financial Conduct Authority (FCA). However, when we checked the FCA’s registry, we did not find the name Interactive AI anywhere. Sometimes these shady brokers can copy a genuine broker’s name and change its website a little bit. You must be careful when trading online to avoid getting scammed.
To obtain a license from the FCA, a forex broker must adhere to stringent regulatory requirements. They must submit a detailed application to the FCA, including information about its corporate structure, ownership, management team, and business model.
The broker’s directors, executives, and key personnel must have the necessary qualifications, experience, and integrity to run a financial services business. Interactive AI did not fulfill the necessary legal requirements for registration and hence they could not obtain a license.
Interactive AI Trading Conditions
The spreads are from 0 pips, leverage is 100:1, and the minimum deposit is $50. The high leverage is enough evidence that this broker is not authorized by the FCA in the UK. The FCA allows a maximum of a 30:1 leverage to protect traders. Given the shady nature of this broker, they could even be manipulating price to give traders the false impression of making money.
Final Verdict
Interactive AI is a typical scam broker. There is nothing transparent about them. Our research has exposed many of their red flags, and we strongly advise against working with them.
The only way to enjoy trading is by working with honest and transparent crypto brokers. With these, you can rest assured that your money will be in safe hands.
