ITRADER Review

 

ITRADER GENERAL INFORMATION

■ Found: ITRADER was found in 2016

■ Headquarters: ITRADER has offices in Limassol, Cyprus

■ US Residents: ITRADER does not accept US traders –No-

■ Islamic Accounts: ITRADER provide Islamic Accounts (SWAP-Free) –Yes-

■ Regulated: Regulated by CySEC (No 198/13)

■ Web-Site Languages: supports English, Spanish, Russian,  French, Lithuanian, Swedish, Italian, German, Portuguese, and Dutch

 

ITRADER TRADING INFO SUMMARY

■ Broker Type: DD

■ CFD Trading: -Yes-

■ Platforms: offer MetaTrader4 (MT4) and a MT4 WebTrader

■ Trading Time Zone: GMT+2

■ Demo Account: Yes, ITrader offers a Demo Account based on MetaTrader-4

■ Minimum Spread EUR/USD:

• 0.7 pip (EURUSD)

■ Leverage: Flexible, leverage above 1:30 is available to professional clients only

■ Automated Trading: –Yes-

■ Bonus: No

■ Minimum Account: $250

 

 

ASSET INDEX

ITrader offer a wide asset index.

□ 50 popular Forex Currencies

□ Cryptocurrencies (34 pairs)

□ 20 Indices from all around the world

□ More than 100 Shares

□ Energies, Spot Metals, and Soft Commodities

 

 

TRADING PLATFORMS & MOBILE

■ MT4 and an MT4 WebTrder

■ Automated Trading is allowed by ITrader

■ The broker offers a news-headlines stream

■ A demo account is available by ITrader

■ Mobile platforms for Andoird and iOs

■ Trading server: GMT+2

 

NEW ACCOUNT INFORMATION

■ The minimum initial deposit required for opening an account on ITRADER is 250 USD

■ Account Currencies: USD/GBP/EUR

TRADING ACCOUNT TYPES

In overall, there are three (3) account types (Silver, Gold, and Platinum)

 

ITRADER Fund Methods:

■ Credit/Debit Cards (Visa / Mastercard / Maestro)

■ Bank Wire

■ MoneyBookers Skrill

■ Neteller

 

■ Withdrawal Fees: ITrader charges a withdrawal fee of the amount of 50 EUR if there is insignificant (only one single position placed on the trading account) or no trading activity in the client’s trading account prior to the submission of the withdrawal request or in case the client wishes to withdraw less than 100 EUR.

 

ITRADER CORPORATE INFO

 

ITRADER REVIEW PROS & CONS (According to competition)

ITRADER REVIEW CONCLUSIONS
ITRADER PROS	ITRADER CONS
√ 50 Forex pairs plus a wide range of crypto assets (34 crypto pairs in total) √ 20 Stock Indices and more than 100 Shares √ Regulated (CySEC) and segregated client bank accounts √ Tight spreads on Platinum Account Type √ Many different funding methods √ Automated Trading	X Minimum account is $250 X No ECN/STP order execution X Some withdrawal commissions may apply for withdrawals less than 100 USD or for inactive accounts

 

ITRADER Review Conclusions

Launched in 2012, ITrader is a CFD broker headquartered in Limassol, Cyprus (EU). ITrader is a brand operated by Hoch Capital LTD. and regulated by CySEC (License No.198/13). The broker offers segregated client bank accounts. Their website is available in English, Spanish, Russian, French, Lithuanian, Swedish, Italian, German, Portuguese, and Dutch. Their customer support is available 24/5 via Phone, Live Chat, and eMail.

The broker offers 3 account types, in total. The best account type is the 'Platinum account' which offers the tighter spreads out of the three and the swap overnight rates for holding positions after midnight are considerably discounted when compared to the Silver and Gold accounts.

The minimum deposit to open an account is $250 and you can fund your account via Cards and Bank Wire, plus a good variety of internet wallets (Skrill, Neteller). Depending on the country of the trader's origin, leverage above 1:30 is available to professional clients only.

One of the greatest advantages when trading with ITrader is that they offer an extremely wide asset index. There are 50 Forex Pairs, 34 Cryptocurrency Pairs,  over 20 stock indices, more than 100 shares, spot metals, energies, and soft commodities. As concerns trading platforms, ITrader offer MetaTrader-4 and an MT4 WebTrader plus mobile apps for iOs and Android devices.

 

 

■ ITRADER Review

TradingCenter

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.