Intrafund (intrafund.com) should be avoided. The UK Financial Conduct Authority added Intrafund to its warning list on 21 November 2023, saying the firm is not authorised and may be targeting people in the UK. Its 100% deposit bonus is a further red flag: authorised brokers cannot offer such incentives to retail CFD clients in the UK or EU.
Key Takeaways
- Intrafund / intrafund.com is on the UK FCA warning list (first published 21 November 2023, last updated 5 November 2024) as a firm that is not authorised.
- Canada’s Manitoba Securities Commission issued an investor alert on 8 February 2024 saying Intrafund is not, and never has been, registered in Manitoba.
- Clients of an unauthorised firm cannot complain to the Financial Ombudsman Service and are not covered by the FSCS.
- Deposit bonuses for retail CFD traders have been banned for authorised firms in the EU since 2018 and in the UK permanently since 1 August 2019.
- Anyone who has already paid should contact their bank immediately, report the firm, and ignore anyone offering to “recover” the money for a fee.
Warning (September 2026): Intrafund (intrafund.com) is on the UK Financial Conduct Authority’s warning list of firms that are not authorised to provide financial services. Deposit bonuses like the one described below are banned for regulated brokers in the UK and EU and are a common warning sign. Do not deposit money with an unregulated broker.
This Intrafund.com review explains what the broker advertised and why the UK Financial Conduct Authority (FCA) has warned consumers not to deal with it. It describes the services Intrafund claimed to offer, sets out the regulator warnings, and explains how to check any broker before sending money.
Intrafund advertised access to multiple markets, mostly through contracts for difference (CFDs) and similar leveraged products. Its website described a modern trading interface, but a polished platform is not evidence that a firm is authorised or that client money is safe. Because Intrafund is not authorised by the FCA, its clients would have no access to the Financial Ombudsman Service and no protection from the Financial Services Compensation Scheme (FSCS) if something went wrong.
Whether you are an experienced trader or a beginner, the sections below separate what Intrafund advertised from what regulators have said about it.
Intrafund Review: Exploring the Diverse Markets
Intrafund’s marketing claimed access to a wide range of markets. The asset classes it listed are summarized below as advertised claims, not as a recommendation.
Forex – Unraveling Global Currency Pairs
Intrafund advertised trading on major and minor currency pairs in the foreign exchange (forex) market. Leveraged currency trading is high risk: according to the European Securities and Markets Authority (ESMA), national regulators found that 74-89% of retail CFD accounts typically lose money.
Cryptocurrencies – Embracing the Crypto Revolution
Intrafund claimed to offer more than 300 cryptocurrencies for trading around the clock, a figure that cannot be independently verified. Whether it’s Bitcoin, Ethereum, or the latest altcoin, Intrafund listed them as tradable products, although the FCA has banned the sale of crypto derivatives such as CFDs to retail consumers by firms acting in or from the UK since 6 January 2021.
Indices – Tapping into Global Economic Trends
Intrafund advertised CFDs on well-known stock indices, including DAX, S&P 500, Dow Jones, and many others. Index CFDs are leveraged, so price moves are magnified in both directions and losses can build quickly.
Commodities – Harvesting Opportunities Across the Commodity Spectrum
From corn to coffee and sugar to soybeans, Intrafund claimed to offer commodity CFDs. A commodity CFD does not give ownership of any physical goods; it is a leveraged position on the price.
Spot Metals – Shining Bright with Precious Metals
Intrafund also listed spot metals such as gold, silver and platinum. People who want exposure to precious metals can get it through authorised brokers, exchange-traded products or established bullion dealers rather than an unauthorised platform.
Energies – Powering Up Your Trading Strategy
Energy CFDs were also on Intrafund’s list. Crude oil, natural gas and coal prices can react sharply to geopolitical events, which makes leveraged energy trading especially volatile.
Intrafund.com Review: The Trading Conditions It Advertised
Intrafund advertised several trading conditions. None of them can be checked independently, and no regulator supervises whether an unauthorised firm honors them.
Advertised Spreads from 0.0 Pips
Intrafund claimed spreads starting from 0.0 pips on certain account types. Low advertised spreads mean little when no regulator checks how the firm prices trades or whether it pays out.
Withdrawals: Promised, Not Guaranteed
Intrafund’s marketing promised smooth withdrawals. Withdrawal promises from an unauthorised firm carry no protection: the FCA states that people who deal with firms on its warning list cannot use the Financial Ombudsman Service and are not covered by the FSCS, so it is unlikely they would get their money back if things go wrong.
Advertised Execution Speed
Timely execution of trades is crucial in the fast-paced world of trading. Intrafund claimed fast execution with low latency and slippage. At an authorised firm, execution quality is subject to regulatory rules and supervision; at an unauthorised firm, there is no independent check that orders are filled at fair prices.
Access to Deep Liquidity
Intrafund also claimed to offer deep liquidity in the markets it listed. This means that there is a substantial pool of buyers and sellers for various financial instruments, resulting in tighter bid-ask spreads and increased trading volume. Deep liquidity can enhance price stability and reduce the risk of slippage during trade execution, enabling traders to enter and exit positions more efficiently.
Intrafund Review: The One-on-One Training Program
Intrafund advertised a one-on-one training program for novice traders.
Who Were the “Expert Traders”?
Intrafund said it connected new traders with “Expert Traders”; their identities and qualifications cannot be verified. Personal contacts who build a relationship with a client and push for quick decisions match warning signs the FCA lists, including pressure to act quickly and flattery or relationship-building to lower a person’s guard.
Tailored Training and Market Information
Free, independent investor education is published by regulators, including the FCA’s ScamSmart pages and the US Securities and Exchange Commission’s Investor.gov, and it does not require opening a trading account. Training supplied by a firm that earns more when clients deposit and trade more is not independent advice.
Intrafund.com Review: Why the Deposit Bonus Is a Red Flag
Intrafund advertised a deposit bonus. Authorised brokers are not allowed to offer this kind of incentive to retail CFD clients in the UK or the EU. Here is how the offer was described:
How the Bonus Was Described
According to the original description, a client had to open an Intrafund trading account and make a first deposit. The client then had to accept bonus Terms and Conditions (T&Cs). Bonus terms of this type can tie withdrawals to trading-volume targets, which the Cyprus regulator CySEC described when it told firms to stop offering such bonuses to retail clients in 2016.
100% Matching Bonus
Intrafund said it would match the first deposit with a 100% bonus. A bonus credit is not the same as cash: it appears in the account balance, but it comes with conditions and encourages a larger deposit.
Trading with Bonus Funds
A larger balance invites larger leveraged positions, which increases potential losses as well as gains. This is why ESMA (from 2018) and the FCA (permanently from 1 August 2019) barred firms from offering retail CFD clients cash or other inducements to trade.
Intrafund’s Real-Time Trading News Feature
Up-to-date information matters in trading, and Intrafund marketed its platform partly on that basis. The broker advertised a real-time trading news feature, although similar market news is available free from mainstream financial media.
Live Market Updates
Intrafund said its news feed reported market developments as they happened. The feed was described as covering financial news, economic indicators and geopolitical events. A news feed does not make a trading platform safe; authorisation and client-money protection matter far more.
Comprehensive Coverage
The news feed was said to cover Forex, cryptocurrencies, indices, commodities, spot metals and energies. None of this coverage can be independently checked.
Analytical Insights
Intrafund also said the feed included analysis from financial market professionals, whose identities cannot be verified. Analysis supplied by a platform that earns when clients trade should be read as marketing, not independent research.
IntraFund Review: Customer Support Claims
Intrafund described its customer support in the terms below. Here is what the original listing said about the support team:
Accessible 24/5
Intrafund said support was available five days a week, Monday to Friday. Support hours are no substitute for the right to complain to an ombudsman, which clients of an unauthorised firm do not have.
Multiple Contact Options
Intrafund listed two contact channels: phone and email. The FCA warning records a London address (9 Kingsway, WC2B 6XF) and a UK phone number for the firm, and the FCA cautions that such firms may use contact details that belong to other businesses so that they look genuine.
Swift Response Time
Intrafund also promised quick responses. The broker said it aimed to reply to all customer queries within one hour. Fast replies before a deposit prove little; the real test of any broker is whether clients can withdraw their money, and clients of an unauthorised firm have no ombudsman or compensation scheme to fall back on.
Conclusion
Intrafund marketed access to many markets through a modern-looking platform, but the UK Financial Conduct Authority has warned that the firm is not authorised and may be targeting people in the UK, and Canada’s Manitoba Securities Commission says Intrafund has never been registered there.
Advertised spreads, withdrawal promises and execution speeds cannot be relied on when no regulator supervises the firm. Clients of an unauthorised firm have no access to the Financial Ombudsman Service or the FSCS.
The one-on-one “Expert Trader” program and the news feed are sales features, not safeguards. The 100% deposit bonus is itself a warning sign, because authorised brokers in the UK and EU may not offer such incentives to retail CFD clients. Anyone choosing a broker should check the regulator’s register first and deal only with an authorised firm.
Disclaimer: This article is not intended to be a recommendation. The author is not responsible for any resulting actions of the company during your trading experience. The information provided in this article may not be accurate or up-to-date. Any trading or financial decision you make is your sole responsibility, and you must not rely on any information provided here. We do not provide any warranties regarding the information on this website and are not responsible for any losses or damages incurred as a result of trading or investing.
Is Intrafund Regulated? What the Regulators Say
Intrafund is not authorised by the UK Financial Conduct Authority. The FCA’s warning list entry for “Intrafund / intrafund.com” states that the firm is not authorised by the FCA and may be targeting people in the UK. The FCA advises consumers to avoid dealing with the firm and to beware of scams. The entry was first published on 21 November 2023 and last updated on 5 November 2024, as of September 2026.
In Canada, the Manitoba Securities Commission published an investor alert on 8 February 2024. The alert says Intrafund, its business names and website addresses are not, and never have been, registered in Manitoba to trade or advise on securities, and notes that the firm claims to operate from London.
| Regulator | Jurisdiction | Date | What it says |
|---|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | First published 21 Nov 2023; updated 5 Nov 2024 | Not authorised; may be targeting people in the UK; avoid dealing with the firm |
| Manitoba Securities Commission (MSC) | Manitoba, Canada | 8 Feb 2024 | Not, and never has been, registered in Manitoba to trade or advise on securities |
Some third-party websites claim that regulators in Australia, the Netherlands and Italy have also listed Intrafund. Justwebworld could not confirm those listings on the regulators’ own websites as of September 2026, so they are not relied on here.
The name should not be confused with “intra-fund advice,” a regulated form of superannuation advice in Australia that has no connection to intrafund.com.
What does being on the FCA warning list mean?
The FCA warning list names firms that the regulator believes are carrying on or promoting financial services without its permission. According to the FCA, a person who deals with an unauthorised firm cannot take a complaint to the Financial Ombudsman Service and is not protected by the Financial Services Compensation Scheme, so it is unlikely they would get their money back if the firm fails.
Why Deposit Bonuses Are a Red Flag
A deposit bonus is a red flag because regulators banned these incentives for retail CFD traders after finding they pushed people into high-risk trading. A broker that still advertises a 100% matching bonus to retail clients is either operating outside UK and EU rules or is not regulated at all.
- EU: In 2018 ESMA’s product intervention measures prohibited firms from giving retail clients monetary or non-monetary benefits, such as account-opening bonuses, to encourage CFD trading. ESMA cited aggressive marketing as one of its concerns.
- UK: Under the FCA’s policy statement PS19/18, rules in force from 1 August 2019 require firms to stop offering current and potential retail customers cash or other inducements to trade CFDs.
- Cyprus: CySEC’s Circular C168 of November 2016 told Cyprus investment firms not to offer bonuses designed to incentivize retail clients to trade CFDs, binary options or rolling spot forex, and described “volume bonuses” that cannot be withdrawn until a trading target is reached.
The same UK and EU rules also cap retail leverage at between 30:1 and 2:1 depending on the asset, close positions when funds fall to 50% of required margin, guarantee negative balance protection, and require a standard risk warning showing the share of retail accounts that lose money. An offshore or unauthorised platform offering a bonus is usually also offering none of these protections. For a plain-English primer on the products involved, see this beginner’s guide to forex and CFD trading.
Red Flags of an Unregulated Broker
The clearest red flag is a firm that cannot be found on a regulator’s register under the exact name and website it uses. The FCA also lists these common scam warning signs:
- Unexpected contact by phone, email, text, post or social media.
- Pressure to act quickly, often with a limited-time offer.
- Promises of high or unrealistic returns.
- Claims that an opportunity is exclusive or specially selected for the person.
- Flattery and relationship-building, often by a personal “account manager” or “expert”.
- Emotional manipulation designed to create excitement or worry.
- Claims of authority that cannot be verified.
Other warning signs specific to trading platforms include deposit bonuses for retail clients, very high leverage, requests to pay by cryptocurrency or to a personal account, and extra “fees” or “taxes” demanded before a withdrawal is released.
How to Check Whether a Broker Is Regulated
A broker is regulated only if the regulator’s own register lists it under the same name, website and contact details it uses with clients. These steps apply to Intrafund or any other platform:
- Search the regulator’s register directly. In the UK, use the FCA Firm Checker and note the firm reference number (FRN). The FCA advises going to its website directly rather than clicking links in emails, and calling its consumer helpline on 0800 111 6768 if details do not match.
- Check the warning lists. Search the FCA warning list and, in Canada, the Canadian Securities Administrators’ investor alert database and the national registration search at aretheyregistered.ca.
- In the US, check NFA BASIC. Firms that act as a counterparty in retail forex must be registered with the CFTC as retail foreign exchange dealers and be members of the National Futures Association. The CFTC’s RED List names foreign firms that appear to need registration but are not registered.
- Match the details. Clone firms copy the name and number of genuine firms, so compare the website, phone number and email with the register entry.
- Read the risk warning. UK and EU authorised CFD providers must publish the percentage of their retail accounts that lose money.
This guide to regulated brokers and their benefits explains what authorisation provides, and this step-by-step method for comparing online brokers helps when weighing authorised options.
Legitimate Alternatives to Intrafund
The safer alternative to Intrafund is any broker authorised by the regulator in the trader’s own country. This page does not recommend a specific firm, because authorisation, products and fees change and differ by country.
| Feature | Authorised UK/EU CFD broker | Unauthorised firm such as Intrafund |
|---|---|---|
| Listed on the regulator’s register | Yes | No; on the FCA warning list |
| Deposit bonuses for retail clients | Not permitted | Advertised (100% match) |
| Retail leverage limits | 30:1 to 2:1 depending on the asset | No regulatory limit |
| Negative balance protection | Required | No regulatory requirement |
| Financial Ombudsman Service (UK) | Available for eligible complaints | Not available |
| FSCS protection (UK) | Available if eligible and the firm fails | Not available |
Beginners who do decide to trade should use money they can afford to lose and set limits in advance. This article on risk management in an FX trading plan covers position sizing and stop-losses.
What to Do If You Already Deposited Money With Intrafund
Anyone who has sent money to Intrafund should contact their bank or card provider immediately and stop sending further payments. Acting quickly gives the best chance of stopping or recovering a payment.
- Stop paying. Do not pay any “withdrawal fee,” “tax” or “verification charge” to release funds.
- Call the bank or card issuer. Ask whether a chargeback or scam reimbursement claim is possible. In the UK, a mandatory reimbursement scheme for authorised push payment scams has applied to eligible Faster Payments and CHAPS payments made from 7 October 2024, with a maximum of £85,000 and a 13-month claim window; the bank will confirm whether a payment qualifies.
- Report it. In the UK, report to the FCA on 0800 111 6768 and to Report Fraud (the service that replaced Action Fraud) on 0300 123 2040; people in Scotland should report to Police Scotland. In Manitoba, the MSC asks people targeted by this firm to call 1-855-FRAUD-MB. In the US, complaints about unregistered forex firms can go to the CFTC.
- Secure accounts. Change passwords, remove any remote-access software the firm asked you to install, and watch for identity theft if ID documents were shared.
- Keep records. Save emails, chat logs, payment receipts and screenshots of the account.
Beware of recovery room scams
According to the FCA, fraudsters often contact people who have already lost money and offer to recover it for an upfront fee, sometimes pretending to be the FCA, a law firm or the police. The people behind the original scam may run the recovery operation themselves or sell victims’ details. The FCA advises being wary of any unexpected offer to recover lost money, especially one that asks for a fee or bank details. Tips on avoiding scams when moving crypto to a bank account are also relevant for people who paid a platform in cryptocurrency.
Frequently Asked Questions
Is Intrafund a legit broker?
Intrafund is not an authorised broker in the UK. The FCA has placed Intrafund / intrafund.com on its warning list as a firm that may be providing financial services without permission, and Manitoba’s securities regulator says it has never been registered there.
Is Intrafund regulated by the FCA?
No. The FCA’s warning list says Intrafund is not authorised by the FCA and may be targeting people in the UK. The warning was first published on 21 November 2023 and last updated on 5 November 2024.
Can I withdraw money from Intrafund?
There is no regulatory protection for withdrawals from Intrafund. Because the firm is unauthorised, clients cannot use the Financial Ombudsman Service or the FSCS. Anyone owed money should contact their bank, report the firm, and never pay a fee to release funds.
How can I check if a broker is regulated?
Search the regulator’s own register, such as the FCA Firm Checker in the UK or NFA BASIC in the US, and confirm that the name, website and phone number match. Also search the regulator’s warning list for the firm’s name and domain.
Someone offered to recover my Intrafund money. Is that real?
Unsolicited offers to recover lost money for an upfront fee are a known scam, according to the FCA. Genuine regulators and police do not charge fees to return money, so any such offer should be reported rather than paid.
