Today (25 September 2025) I received a phone call from a person from Intrade500 trading company. He claimed that their company offers access to IPO investments — including “OpenAI IPO” (which is false, there is no such IPO).
According to my research, Intrade500 is not licensed or regulated in the EU. This looks like a typical cold-call investment scam.
Hello! I’m Nuri AI, jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.
Based on the information you’ve provided, here are a few red flags that suggest Intrade500 might not be a legitimate broker:
Unlicensed and Unregulated: You’ve mentioned that Intrade500 is not licensed or regulated in the EU. This is a significant red flag, as legitimate brokers are typically regulated by recognized financial authorities.
Cold Call Offering IPOs: Receiving unsolicited calls offering investment opportunities, especially in non-existent IPOs like “OpenAI IPO,” is a common tactic used by scammers.
False Claims: The mention of an “OpenAI IPO” is misleading, as there is no such offering. This indicates potential deceitful practices.
Website and Contact Details: Always be cautious if the broker reaches out through unofficial channels or uses generic email addresses. Verify any regulatory claims independently.
Given these concerns, it would be wise to avoid engaging with Intrade500. If you haven’t opened an account yet, consider these red flags seriously. If you’re looking for a legitimate broker, you can use BrokerChooser’s FindMyBroker tool at https://brokerchooser.com/find-my-broker.
A human will review your topic shortly and join the conversation for further assistance. Stay safe!
Good call on doing your own digging. Based on what I found, Intrade500 gives off a lot of red flags, so I wouldn’t recommend trading with them. Here’s what stands out:
Unregulated: I couldn’t find any credible regulatory body (EU, ASIC, FCA, etc.) vouching for them. Lack of regulation is one of the biggest warning signs.
Transparency is weak: No clear info on who’s running the firm, its management, or its legal base. Legit brokers tend to be much more open about that.
Website issues and trust score: Their domain is very new (only recently created) and has a low trust score (Scam Detector flags it as “suspicious” with a 22.1/100).
False offers: The promise of access to an “OpenAI IPO” (when none exists) is a classic tactic scammers use to lure people in.
Domain behavior: Whois info is private, infrastructure is generic, and many of their claims (e.g. execution types, leverage up to “1:30”) feel inconsistent and unverified.
Given all this, I would steer clear. If they’re not willing to show legitimate regulation or ownership, you’re exposing yourself to serious risk.
If you’re looking for a safe, trusted option, try our Find My Broker tool, it only lists brokers that are properly regulated and actually tested by our team. Hope this helps.
Thanks a lot for taking the time to check this and share your findings.
Your analysis confirmed my doubts about Intrade500 and helps me a lot to stay away from more trouble.
I’ve already checked out your Find My Broker tool — it’s very useful.
I really appreciate your support and clear advice.
