Unfortunately, the company does not offer its services to residents in the United States and Canada, due to jurisdictional restrictions. Besides lots of currency pair,
ITRADER also offers some instruments you would like to trade on, such as
Forex, Gold & silver, Stocks, Indexes and Crypto for your best choice. Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. While the majority of retail traders use the MT4 as is, limitations of it are evident to advanced users. This is another example of a broker making big claims and failing to deliver.

Potential clients are required to fill out basic information, which at ITRADER consists of the name, e-mail, phone number, and password only. This should grant access to the back-office where a copy of the trader’s ID and one document to proof residency should be required as mandated by the regulator; this is a necessary step to satisfy KYC/AML requirements. ITRADER is regulated by CySEC, but potential traders should think twice before submitting personal details to a brokerage which has shown as many issues as this review has uncovered. When something isn’t appropriate at a broker, it is better to stay away and not expose yourself and your money to unnecessary risks.

1. Afterwards, the process requests proof of identity (POI) and proof of residence (POR) documentation from all users before approving accounts for trading activities.
2. Israeli Shekel against the USD is listed but trading is only for 3 hours.
3. One of the standout features of MT4 is its charting functionality, which allows Itrader traders to analyze price movements and make informed trading decisions.
4. Each trader needs to assess if a broker can and should be trusted, being regulated is not always good enough.
5. ITrader offers competitive spreads although Gold and Platinum account holders will be able to take advantage of the lower costs.

The minimum deposit value is not mentioned for any of the account types, more info on this in the Minimum deposit section. Gold type account has the assigned Account Manager, videos/webinars available, and a 25% swap reduction. ITRADER represents the brand name of Hoch Capital LTD, a Cyprus-based investment firm, which received its CySEC authorization in 2013. This broker has a clear focus on retail traders, but it appears that the experience of the team running ITRADER is more in web-commerce than financial services. Possessing an efficient sales team is not undesirable, but highlighting it as a critical asset appears a bit off.

What is iTrader? 📚

This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. This is not the biggest list of payment methods we have seen, but for most customers who use cards (debit or credit) it will be enough.

On the same day I realised the kind of business I´m dealing with and put a request for withdrawal my money. I filled out all the documents needed and send several proofs of my bankaccount but all rejected. ITrader has a mobile app for iOS and Android, https://forex-review.net/ but the online reviews do not look good. The reviews are poor and customers say the functions offered are too basic. ITrader offers an attractive selection of assets, but its lack of experience and care can be seen throughout its services.

Are Itrader safe?

This is the reason why they received a Reputation score of 18/20. It’s important to note that Itrader requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Itrader maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Itrader trading platforms is available on their website. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link.

My experiences with ITRADER.COM are…

There are three account classifications with escalating benefits for each class. Spreads and leverage do vary by type of account, type of instruments and client categorization (retail, professional) a financial incentive for trying something above the Silver platform. Global ITRADER offers a wide range of trading financial instruments, including stocks, indices, Forex, cryptocurrencies, commodities and precious metals with the possibility of CFD. I entered a review of ITrader two months ago in which I stated that i had used Itrader before and that I will use them again in the future. They then contacted me and they have offered me all kinds of help and advise to make my future trading as sucessfull as possible.They did this with no prompting and as a total suprise to me.

The brokers used misleading marketing and promotion strategies which resulted in numerous complaints and has failed to carry out appropriate assessments of the compatibility of its products and its customers. However, the spreads offering are a bit higher than the average industry proposal. Nevertheless, iTrader is also a regulated broker which means the company follows and bringing a clear and calm state of mind that your money safe.

FXView Islamic Account

As for the trading costs, iTrader does not charge the commission, instead, all executions are subject to the variable spread, that varies according to the account too, see a comparison between accounts below. In addition, the platinum account holders also can enjoy Free VPS, Dedicated Account Manager, News Alerts and discount on Swap or rollover rates, see example below. For the funds’ security, the broker operates in full compliance according to the regulations. Getting in touch with iTrader’s support is possible via phone, fax, email, remote access via downloadable software called TeamViewer and the instant messaging platform WhatsApp. She has the early stages of Dementia and was unaware of what she was doing.

Performing trades with Itrader

Weird thing was that the support person kept referring us to the website. FAQ on the website is however not of much use, mostly using “Yes-No” form to answer questions. The benefits of MT4 are numerous, the main ones are the fact that it includes all the charting tools and support for EAs and self made strategies. Also, MT4 is available as web trading app – from the browser, as a client application on a PC and a Mac computer and as an application for smartphone or a tablet (iOS and Android). Both, live account and demo account login credentials will be delivered to the trader’s inbox, so make sure to keep them safely in case you forget the password or the account number.

Is Itrader Global?

Aside from this, iTrader’s website and its contents seem to be carelessly thrown together. The customer support team is open five days a week, as opposed to the 24/7 service offered by other brokers. Please be aware that trading in financial assets with Itrader carries a risk of loss.

Hoch Capital LTD maintains its website, light on information, and nothing on the company’s website made us feel confident in the broker’s abilities. There may be unlisted requirements for the account upgrade from Silver to Gold, and from Gold to Platinum, but they should be https://forex-review.net/itrader-review/ communicated. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

In the keeping it simple vein, Global ITRADER chose to go with a traditional approach of offering the very popular MetaTrader4 series of trading protocols, supplemented by web-based alternatives for on-the-go traders. WebTrader is the online trading platform, complete with its own package of charting tools, trend notification mechanisms, and real-time analysis. MT4, can be used for mobile trading on iPhone, iPad, Multi-Terminal and on all Android devices. No, ITRADER is positioned toward more experienced traders as its initial minimum deposit is fairly high and it does not offer as many educational tools as other brokers.