Incometrade

After reviewing Incometrade, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Incometrade?

On the surface, Incometrade looks like an ordinary forex and crypto broker. Its public site is presented at https://www.incometrade.ltd/; https://www.incometrade.co/. But surface impressions are exactly what these operations rely on — the substance behind Incometrade is where the problems begin.

Is Incometrade regulated?

We could find no evidence that Incometrade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Account dashboards that show “gains” with no real market exposure
• Unrealistic profit claims and pressure to deposit more
• Aggressive “account managers” coaching clients to deposit
• Opaque or anonymous corporate ownership
• No verifiable licence from a recognised financial regulator

Our analysis

The Financial Conduct Authority (FCA) has added Incometrade to its warning list after finding this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/incometrade

Can you recover money lost to Incometrade?

If you have deposited with Incometrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.