ITRADER Review

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ITRADER GENERAL INFORMATION

■ Foundation: ITRADER was founded in 2016

■ Headquarters: ITRADER has offices in Limassol, Cyprus

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

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

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

■ Website 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 offers 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 through ITrader

■ Mobile platforms for Android 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

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 €50 if there has been minimal trading activity (only one position opened) or no trading activity on the client’s account before submitting a withdrawal request, or if the client wishes to withdraw less than €100.

 

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	X Market Maker (not suitable for day trading, scalping, or automated trading) X Minimum account is $250 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 operated by Hoch Capital LTD and regulated by CySEC (License No.198/13). The broker provides segregated client bank accounts. Their website is available in English, Spanish, Russian, French, Lithuanian, Swedish, Italian, German, Portuguese, and Dutch. Customer support is available 24/5 via phone, live chat, and email.

ITrader offers three account types. The Platinum account provides the tightest spreads and significantly discounted overnight swap rates compared to the Silver and Gold accounts. The minimum deposit is $250, and accounts can be funded via cards, bank wire, and a variety of e-wallets (Skrill, Neteller). Leverage above 1:30 is available only to professional clients, depending on the trader’s country of residence. An advantage of trading with ITrader is its wide asset index, which includes 50 Forex pairs, 34 cryptocurrency pairs, over 20 stock indices, more than 100 shares, spot metals, energies, and soft commodities. Trading platforms include MetaTrader 4, MT4 WebTrader, and mobile apps for iOS and Android.

• The Dealing Desk execution model is not suitable for day trading, scalping, or automated trading.

 

 

■ 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.