ISOTrade has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". ISOTrades has a website (www.isotrades.com) and is using the following contact information:
ISOTrades
Satrio Tower 16th, Jl. Dr Satrio Kuningan
Jakarta
Indonesia
E-mail: [email protected], [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.isotrades.com.
The only good thing about ISOTrade is that they remind you why regulation matters. I found them while looking for alternatives to my previous provider. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Good mobile app|Portfolio tracking tools
Cons: Withdrawal takes 1-2 business days
What really bothers me about ISOTrade is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Multiple order types|Intuitive for beginners|Clear documentation|Dividend tracking
Cons: Minimum deposit could be lower|None so far
The spread at ISOTrade is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Personal attention|Wide product range
Cons: Wish they had more educational resources|Currency conversion fee exists
I was contacted by ISOTrade through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
ISOTrade seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Clean UI|Easy to use platform
Cons: Alert system is basic|Minor UI glitches occasionally