Intrade24 Review: FINRA, SIPC and CIRO All Claimed, None Found
Intrade24 describes itself as a registered broker-dealer and member of FINRA and SIPC, while also showing CIRO and CIPF marks at a Toronto address. FINRA's BrokerCheck returns no firm matching the name, and Quebec's AMF warned against Intrade24 on 4 September 2026. We score it 0.8 out of 10.
Quick facts
| Legal entity | IN TRADE 24 TRUST INC. (claimed; no matching FINRA member found) |
|---|---|
| Regulator | Unlicensed |
| Licence number | None given. FINRA, SIPC, CIRO and CIPF are claimed without numbers |
| Headquarters | 92 King Street East, Toronto ON M5C 2V8, Canada (claimed) |
| Minimum deposit | $5,000 Bronze, $15,000 Silver, $25,000 Gold, $100,000 Platinum VIP |
| Spread from | 2.0 pips Bronze, 0.0 pips Platinum VIP (claimed) |
| Instruments | US Stocks | Indices | ETFs |
| Withdrawal time | Not published |
| Segregated funds | Not claimed |
| Website | intrade24.comnot linked: see our verdict |
Intrade24 claims four different investor protections in its footer. Not one of them survives a search that takes two minutes.
What the site says
Intrade24 is a registered broker-dealer and member of FINRA/SIPC. Securities products and services are offered through IN TRADE 24 TRUST INC.
Alongside that, the site displays “256-bit SSL Encrypted · SIPC Member · FINRA Regulated”, a “Member FINRA | SIPC” mark, and CIRO and CIPF logos. The address given is 92 King Street East, Toronto ON M5C 2V8, with a Toronto phone number.
The problem sits in the geography
Before checking any register, read those claims together. FINRA is the self-regulatory body for broker-dealers in the United States. SIPC is the American investor protection corporation, which covers customers of failed US broker-dealers. CIRO is the Canadian Investment Regulatory Organization, and CIPF is the Canadian Investor Protection Fund.
These are two national systems. A firm can hold registrations in both countries, but it does so through two separate legal entities with two separate addresses, two sets of capital requirements and two sets of filings. What it cannot do is operate as a single company at a single Toronto address that is simultaneously a FINRA member broker-dealer, a SIPC member, a CIRO dealer member and a CIPF-covered firm.
The four logos are there to reassure both an American and a Canadian visitor without either one noticing the other’s badge.
The BrokerCheck result
FINRA publishes BrokerCheck, a free search of every current and former member firm and registered individual in the United States. We queried it on 10 September 2026.
| Search | Firms returned |
|---|---|
| in trade 24 | 0 |
| intrade24 | 0 |
Zero, not “no exact match”. IN TRADE 24 TRUST INC. is not a FINRA member and has not been one. SIPC membership follows from FINRA membership, so that claim fails with it. CIRO publishes its dealer members too, and there is no firm of this name among them.
The AMF warning
On 4 September 2026 the Autorité des marchés financiers, Quebec’s financial regulator, published a warning naming intrade24.com and the business name In Trade 24 Trust. Its finding, in the AMF’s own words: Intrade24 is not registered with the AMF and is not authorised to solicit Quebec investors.
The word to notice is solicit. A warning of this kind is usually issued because the regulator has received reports of people being contacted, not because someone browsed a website. That is consistent with the rest of the site.
Read the account tiers as a script
| Tier | Minimum deposit | Spread from |
|---|---|---|
| Bronze | $5,000 | 2.0 pips |
| Silver | $15,000 | 1.5 pips |
| Gold | $25,000 | 0.8 pips |
| Platinum VIP | $100,000 | 0.0 pips raw |
A $5,000 entry point is the detail that separates this from a mass-market operation. Real retail brokers open accounts at $10 or $100 because they want volume. A floor of $5,000 filters for people who can be worked by a person on the phone, and the tiers above it are the upgrade path that call is for. The spread improving from 2.0 pips to zero across the ladder gives every subsequent call a reason to exist.
For comparison, 2.0 pips on EUR/USD at the Bronze tier is roughly four times what a licensed broker charges on a standard account. You are paying a premium for the privilege of the first rung.
The address
92 King Street East is a commercial building in downtown Toronto. An address on a website is not evidence of anything; virtual office and mail-forwarding services on King Street are inexpensive and available to anyone with a card. It becomes evidence only when a regulator’s register confirms it as a firm’s registered place of business, and no register here does.
What the score is made of
| Pillar | Weight | Score | Why |
|---|---|---|---|
| Regulation and licence tier | 30% | 0.2 | Four memberships claimed, none found, plus an AMF warning |
| Fund safety and withdrawals | 25% | 0.4 | SIPC and CIPF cover claimed where neither applies |
| Cost and execution | 15% | 1.5 | Entry spread around four times a licensed broker’s |
| Transparency | 15% | 0.3 | Claims two national regimes at one address |
| Complaint record | 10% | 2.5 | Regulator warning present; individual complaint history thin so far |
| Platform and support | 5% | 3.0 | Unverified |
0.8 out of 10. The regulation and transparency pillars are scored below the other Hong Kong and Cyprus cases in this batch for one reason: claiming a single false licence is one lie, and claiming four protections from two countries at once is a design.
If you have already deposited
- Do not pay a release fee. With a $5,000 floor, the amounts at stake here are large enough that the request will sound official. Withholding a withdrawal until a tax, commission or compliance payment clears is not something a registered broker-dealer can do.
- Screenshot the FINRA and SIPC claims, the CIRO and CIPF logos, your balance and your payment records. Those claims are the case.
- Card payments: your bank, chargeback, services not provided. Generally within 120 days of the transaction or of the date the service was due.
- Wire transfers: ask for a recall immediately and ask your bank to contact the beneficiary bank. Speed matters more than anything else here.
- Report it to the AMF if you are in Quebec, to your provincial securities commission elsewhere in Canada, to the Canadian Anti-Fraud Centre, and to the SEC or FINRA if you were told you were dealing with a US broker-dealer. Reporting to FINRA about a non-member still creates a record.
- Ignore recovery offers. Victim lists are resold, and the second approach usually arrives within weeks of the first loss.
The two-minute check
Any firm claiming FINRA membership can be checked on BrokerCheck by name, free, with no account. Any firm claiming CIRO membership can be checked on CIRO’s list of dealers it regulates. If a website shows you both marks at once, you have learned something before you even search.
Answered in detail
Safer alternatives
Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.