|Broker Name:||Hoch Capital Ltd|
|Operating since year:||2016|
|Address:||Griva Digeni & Kolonaklou, 125 Gronsvenor Tower, Groundfloor 3107 Limassol, Cyprus|
|Toll Free Number||+80040015002|
|Languages:||English, German, Italian, Spanish, Russian, Dutch, Portuguese, French, Lithuanian, Swedish|
|Availability:||08:00 a.m. – 08:00 p.m. GMT/5|
|Trading platform Time zone:||GMT|
|Other trading instruments:||YES|
|Account||Silver, Gold, Platinum|
|Minimum deposit ($):||$250|
|Maximal leverage:||1:500 (leverage above 1:30 are available to professional clients only)|
ITRADER REVIEW CONTENT
- GENERAL INFO
- ITRADER REGULATIONS AND CLIENT PROTECTION
- ACCOUNT OPENING
- DEPOSIT AND WITHDRAWALS OPTIONS
- WEB AND DESKTOP TRADING PLATFORMS
- TRADING FEATURES
- BONUS AND PROMOTIONS
- CUSTOMER SUPPORT
- TRADING EXPERIENCE
- ITRADER REVIEW CONCLUSION
ITRADER BROKER REVIEW
ITRADER is operated by Hoch Capital Ltd. an online broker authorized and licensed by Cyprus Securities and Exchange Commission (CySEC) with the license number 198/13. The broker has been working in the trading business ever since early 2012. It also offers trading in around 50 CFDs on currency pairs and a wide range of CFDs on indices, stocks, commodities and cryptocurrencies, through the MetaTrader 4 platform. The Head Office is located in Limassol, Cyprus.
In addition, ITRADER brand actively works with European traders and with non-European traders from the following countries like Jordan, Malaysia, Montenegro, Philippines, Qatar, Switzerland, Ukraine, United Arab Emirates, Brunei, and Georgia.
ITRADER trading features include:
•Multilingual customer support.
•Multiple trading assets.
•It is a CySEC regulated broker.
•Educational materials and full-fledged plans for clients.
•Secured website and trading platforms.
ITRADER: BROKER REGULATIONS AND CLIENT PROTECTION
Hoch Capital which operates ITRADER is a regulated broker. It operates from Cyprus. It is regulated by the Cyprus Securities and Exchange Commission, also known as CySEC. The license number is 198/13. This compels the company to give its customers protection in terms of modern digital security technology. Also, the company offers protection of clients’ funds through segregated accounts. Thus, CySEC makes sure that in case of a fraud or money loss, the traders can get up to EUR 20,000 compensation.
Here are the main security options that ITRADER offers its traders:
The broker has fully implemented all modern security practices. Moreover, they use strong firewall network protections against any cyber-criminals. Besides, the website and trading platforms are protected using a Secured Socket Layer (SSL) encryption. This type of SSL ensures that all data transmitted to and from the website and platforms are all encrypted. Also, all the trading servers are from SAS70 certified servers.
Clients’ funds are kept in different bank accounts from that of ITRADER. Moreover, this is done in strict compliance with the regulatory stipulation. Besides, this means that in case of problems and financial difficulties trader funds will not be affected.
ITRADER ACCOUNT OPENING
ITRADER offers a variety of account types. You can choose from the Silver, Gold or Platinum Accounts, and trade with spreads of 0.7, 1.3 and 2.2. ITRADER offers a variety of account types. You can choose from the Silver, Gold or Platinum Accounts, and trade with spreads of 0.7, 1.3 and 2.2. Minimum deposit requirement is 250 units of either EUR, USD, or British Pounds. Additionally, leverages are available, but leverages above 1:30 are available to professional clients only. ITRADER does not accept trader residents from Canada and the USA. ITRADER does not accept trader residents from Canada and the USA.
Besides, ITRADER complies with international regulations and standards to ensure a safe trading environment. Moreover, the broker implements a “Know Your Customer” (KYC) policy.
Here are ITRADER’s account types, that might interest you.
Also, this type of account is available for all traders as a practice account. However, it is valid for fourteen days only. Furthermore, the demo account offers USD100 000 in virtual currency for trading practices on the platforms.
This account offers spreads of 2.2pips on the USD/EUR. Also, the maximum leverage is 1:200 for forex majors. However, hedging with the Silver account is permitted and the same-day withdrawal process. Unfortunately, webinars and videos are also not available. Swaps do not offer discounts. The report offers 24/5 customer support.
GOLD ACCOUNT TYPE
Compared to the Silver account, this account features lower spreads. The EUR/USD spread is 1.3 pips. Also, the maximum leverage is 1:400 for forex majors. Moreover, hedging is allowed. The swap fee discount is 25%.
In addition, account holders get access to webinars and videos and a dedicated Account manager.
ITRADER offers Platinum account holders the lowest spreads of 0.7 pips. The maximum leverage is 1:500 for forex majors. Moreover, traders get access to news alerts and free VPS (virtual private server). Besides, the swap fee discount is 50%. Same day withdrawal processes and hedging are also permitted.
This type of account offers to trade to Muslims who are forbidden to operate accounts with overnight commissions and interests. Besides, it is also available for the Gold, Silver, and Platinum Account types.
DEPOSIT AND WITHDRAWALS OPTIONS
ITRADER has no commissions on deposits. There is no minimum withdrawal amount for credit cards and E-wallets. The client has to be fully verified in order to be able to request money withdrawal. Also, the broker makes sure that withdrawal transactions are fast, take one business day to process.
For instance, here are the accepted payment methods:
•E-wallet methods. This method is also applicable for both withdrawals and deposits.
•Bank Wire Transfer. The same goes for this method, too; the withdrawal process takes one working day.
•Credit or debit cards. Only Visa and MasterCards are acceptable.
•Also, no third-party withdrawals are allowed. Only the same method used for the deposit will be used for money withdrawal. Any profits made will be withdrawn through a bank wire transfer.
WEB AND DESKTOP TRADING PLATFORMS
ITRADER offers clients various versions of the MT4 platform, which include a browser-based version, desktop client, and mobile trading apps.
WebTrader is a browser MT4 version that is available via a link on the website. In addition, it offers customizable charts and toolbars. The MT4 desktop version is available for Mac computers and Windows PCs.
ITRADER’s MetaTrader4 software offers trading tools such as Gann and Fibonacci calculating utensils, charting functions, expert advisors, and forex VPS.
The broker also offers its clients a proprietary mobile trading app. Moreover, this app allows clients to connect to the global market at any time of the day.
Here is the list of some features that ITRADER Mobile App offers:
•Full access to traders’ accounts.
•Complete access to CFDs on commodities, shares, currency pairs, indices, and cryptocurrencies.
•View charts and analysis.
•Simple order management and trading
ITRADER offers several resources from the MQL Community website. In addition, it provides its traders with the Market Tab in the MT4 Terminal Window.
For instance, here are some of the features of the MT4 that ITRADER offers.
•Multiple Indicators and Charts that are irreplaceable for analysis during trading sessions.
•ITRADER offers Super-fast trading with the help of One Click method. Besides, this makes placing trades easy and efficient.
•Access to assistance: The MQL4 editor offers traders the option to create a test period with the help of forex robots. These bots automate trading and place trades when an opportunity for trading arises.
•The support of Expert Advisors.
An additional tool that ITRADER provides.
•VPS service, which is free of charge. However, it is available only for Platinum account holders.
•Forex Calculators – The trading company offers its clients three calculators: Fibonacci calculator, Deal Size Calculator, and Pivot calculator, which will help out traders with calculations and correct indications.
ITRADER offers low spread for example 0.7 on EUR/USD for platinum account holders, which is excellent! However, the broker does not take too much, and this is why trading will not be excessively expensive. Besides, ITRADER has one of the lowest spreads offered on the market. However, the ranges differ according to the account type opened by the trader.
BONUS AND PROMOTIONS
ITRADER is a regulated broker, as we stated earlier in this review. CySEC forbids any bonuses or promotions.
Bonuses and promotions are now prohibited in the EU, as a result of the new ESMA regulations passed in 2018.
However, ITRADER does not provide any bonuses. We could not find any promotions on the website.
ITRADER offers a 24/5 customer support service. Also, customer service is multi-lingual.
Here are the main features that ITRADER offers:
“Get in Touch” Form, which is connected directly to the customer support and sales representation. You can easily find it on the broker’s website.
ITRADER’s social media: Instagram and Facebook pages. The social media channels are active and also available for support.
Multilingual Live Chat is available on the website.
Email: Docs@itrader.com and Support@itrader.com. Email response takes a few hours.
Phone Support is also multilingual. The phone number is +80040015002. Besides, the responders on the phone are polite, knowledgeable, and quick to answer the phone.
ITRADER provides Daily and Weekly Market summaries and analytics. Also, charts have explanatory videos, where experts clarify and interpret some of the trading details for beginners and intermediate-level traders. In addition, they feature some selected trading instruments.
It is crucial to be insightful and sensible while trading. Besides, ITRADER offers a generous amount of educational resources, a couple of e-books, and VOD (video-on-demand).
Here is a list of the education material that ITRADER offers:
Video on Demand:
•Twenty-eight training Videos: Terms, Strategies, Beginners, Advanced, and MT4. ITRADER offers MT4 desktop platform tutorial and MT4 mobile tutorials.
• In addition, users get videos for different level listeners. Videos are clear, short, and precise. There are 11 videos in total.
•Advanced Trading eBook
•Commodities are eBooks.
•CFDs and Stock eBooks.
Overall, ITRADER offers quite satisfying trading experience.
The MT4 platform is user-friendly, and ITRADER clients use it quite frequently, without any severe problems. In addition, their proprietary mobile trading app is available on the Google/Apple play store for android and iOS. Also, the app is simple, convenient, and easy to use.
ITRADER REVIEW: CONCLUSION
ITRADER is an online broker that surely takes care of its traders. The company is regulated, and traders’ funds are secured.
In addition, it offers multiple trading instruments and educational materials.
However, a major drawback is that only the MT4 trading platform is offered by ITRADER.
Also, if you need more information about ITRADER, feel free to do further research. We hope this ITRADER review was helpful for you, and we wish you good luck trading!