INTRGROUPS is NOT a legitimate broker and should be avoided at all events. INTRGROUPS tries to convince the clients that it's a product of the eToro group of companies. It claims to be operated by Etoro CDF group ltd which is located in the UK. However, it turns out to be a fraudulent use of eTtoro's office address in the UK as this broker has nothing to do with eToro group. Besides, the UK branch of eToro group is eToro (UK) Ltd rather than so-called Etoro CDF group ltd, and of course there is no regulatory information about Etoro CDF group ltd can be found from the UK's Financial Conduct Authority (FCA). So INTRGROUPS is currently not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws.
What's worse, the Spanish regulator CNMV has added INTRGROUPS to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning here.
Our final verdict is that INTRGROUPS may be a clone firm who illegally uses the details of regulated entities with which it isn't related in any way, aiming to convince traders that it is under proper regulation or that it works with the authorized companies. We would recommend you to avoid unregulated brokers like INTRGROUPS and choose properly regulated brokers.
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