Note: InterCity's official website: https://intercityglobal.com/ is currently inaccessible normally.
General Information
InterCity Information
InterCity is a United States registered offshore broker, offering three types of trading accounts with a maximum leverage of 1:300. However, the minimum deposit it requires is relatively high and its official website is inaccessible, so detailed information about the trading instruments and fees cannot be found.
Pros and Cons
Is InterCity Legit?
InterCity holds no regulatory license. It claims to have obtained permission from the Financial Conduct Authority (FCA) in the UK, but in reality, its so-called license blongs to Inter City Finance Ltd, a legitimate UK company with no relation to InterCity. You can refer to the following picture.
Additionally, several financial regulatory agencies in the European Union, including Spain's National Securities Market Commission (CNMV), Italy's CONSOB, and Belgium's FSMA, have stated that InterCity is a scam. This is because the InterCity website is actually a clone of a legitimate British company's site.
What Can I Trade on InterCity?
Since InterCity's official website is inaccessible, we have not yet acquired any information regarding its trading tools.
Account Type
InterCity offers three types of accounts: Starter, Pro and VIP. The minimum deposits for these accounts are $250, $5,000 and $10,000, respectively, which is relatively high in industry. In addition, the maximum leverage for both is 1:300.
Trading Platform
InterCity purports to offer a reliable self-developed trading platform. However, since we cannot access the platform and it remains unregulated, you are advised to avoid trade on its platform.
Deposit and Withdrawal
InterCity claims to support payments through VISA, MasterCard, and Skrill. However, since InterCity's website is inaccessible, we cannot verify this information.
Customer Service
The official website of InterCity is inaccessible. As a result, no other information about customer service is provided except for email and phone.
The Bottom Line
InterCity is a broker that offers three types of trading accounts. The minimum deposit required is relatively high in the industry, set at $1,000. In addition, InterCity is not legally regulated, so you are advised to stay away from it.
FAQs
Is it safe to trade with InterCity?
No, trading with InterCity is unsafe given the lack of legal regulation.
What is the minimum deposit required by InterCity?
The minimum deposit is $1,000.
What is the maximum leverage offered by InterCity?
The maximum leverage is 1:300.
