Inertia Finance is an offshore & nonregulated CFD broker that opened on October 20th 2021. They have received warnings from various financial regulators like the FCA.
Currently their official website is at: https://inertiafinance.pro/ (However this changes frequently).
You are not the only person who is having problems with Inertia Finance Brokers. We have received quite a few complaints from other investors, read this.
Inertia Finance Reviews
Day Traders and Investors at Inertia Finance offered a “white label” web-based trading platform called Status. This trading platform is very basic, and user friendly for new trader, but it is lacking many important features. They use an antiquated charting system, so no Trading View charts with these guys.
If you have dreams of becoming a professional investor / day trader, you will not find the industry standard Meta Trader 4 (MT4) trading app. All investors today are using a decent mobile trading app, but this broker doesn’t offer one.
Like all brokers, they offer a nice variety of underlying assets for CFD trading including; Forex Major, Forex Minor, Crypto Currency, Gold, Silver, Oil, Natural Gas, Market Indices, and Shares. Margin rates on $BTCUSD are 10:1 and the spread is $80. Since you signed up to Inertia Finance from a scam like “Bitcoin Motion”, the minimum required deposit is $250.
This broker uses a few different payment processors including; ABNCBP. When depositing money at a broker that uses crypto payment processors, you lose your credit card fraud protection.
Scam Crypto Trading App
Just like you and everyone else read this broker review, we found these guys when we registered for the Bitcoin Prime trading app that someone had emailed us.
You should really take a few minutes to learn about auto trading signals, see here.
Is Inertia Finance a Legit Broker?
No, Inertia Finance is not a licensed or regulated broker, and they are not supervised by any government agency. Although they are targeting people in Germany & the United Kingdom, they are not regulated by the government regulators Bafin or FCA. On June 21st 2022, the FCA issued a warning about this firm, read here.
Officially they are owned and operated by Tryst Consulting LLC (1453 LLC 2021) located at: First Floor, First Saint Vincent Bank LTD Building, James Street, Kingstown VC0100, Saint Vincent and the Grenadines. Customer support email address is: [email protected].
No phone number is listed on their website, but when you signup for a new account, you will get a high pressured sales call within 30 seconds. Also they display links to TeamViewer and AnyDesk on their website, which is usually a sign of a Pig Butchering scam.
According to the SVG Financial Services Authority; “Forex trading brokerage activities are not licensed in St. Vincent and the Grenadines.” read more.
The way that the Scam Broker Investigator reviews a new Forex or Crypto CFD broker to see if they are a scam broker or a legitimate broker, is by checking for a license from a government financial regulator. When investors use a local broker, that is licensed and regulated in your country, it usually ensures you will not have problems withdrawing your profits.
Compare Regulated Brokers
New investors looking for a good online broker have plenty of brokers to choose from.
AvaTrade is a global broker that is licensed and regulated in many countries, including Australia, South Africa and Europe.
Minimum deposit is only $100, and they have free demo accounts. Go try: AvaTrade.com.
If you are already investing at Inertia Finance, please share your experience using this broker with other readers in the comments section below.