iTrader Review

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General Information
Broker Name: ITRADER
Broker Type: forex
Country: Cyprus
Operating since year: 2016
Regulation: CySEC
Address: 4th Floor, Holden House, 57 Rathbone Place, London, UK
Broker status: REGULATED
Customer Service
Phone: BR +55 2135000210
AR +54 1159845943
CL +56 552539778
MX +52 5541634551
PA +507 8365455
CR +506 40016771
PE +51 16429717
DO +182 99466206
Email: Support@global.itrader.com, Docs@global.itrader.com,
Languages: English, Russian, Spanish, Portuguese,
Availability: 24/5
Trading
Trading platforms: MT4
Trading platform Time zone:
Demo account: YES
Mobile trading: N/A
Web-based trading:
Bonuses: N/A
Other trading instruments: YES
Account
Minimum deposit ($): $250
Maximal leverage: 1:500
Spread: YES
Scalping allowed: YES
CONTENT
1.GENERAL INFO
2.ITRADER REGULATIONS AND CLIENT PROTECTION
3.ACCOUNT OPENING
4.DEPOSIT AND WITHDRAWALS OPTIONS
5.WEB AND DESKTOP TRADING PLATFORMS
6.TRADING FEATURES
7.SPREADS
8.BONUS AND PROMOTIONS
9.CUSTOMER SUPPORT
10.RESEARCH
11.EDUCATION
12.TRADING EXPERIENCE
13.CONCLUSION

ITRADER BROKER REVIEW


GENERAL INFO


ITRADER is an online broker. The broker has been working in the trading business ever since early 2012.  It offers trading in around 50 currency pairs and a wide range of CFDs on indices, stocks, and commodities through the MetaTrader 4 platform.  The company behind the brand is Hoch Capital Limited. It acts as a market maker concerning transactions. The Head Office is located in Limassol, Cyprus.

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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 instruments
•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


The ITRADER is a regulated Forex exchange brand. 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 ITRADER to give its customers protection in terms of modern digital security technology. Also, ITRADER 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 EUR20,000 compensation.

So far, the regulatory authorities that supervise ITRADER’s activity have not issued any type of warning on this broker company.

Here are the main security options that ITRADER offers its traders:

SECURITY


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 provided by Comodo CA. 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.

CLIENT FUNDS


Clients’ funds are kept in different bank accounts from that of ITRADER. Moreover, this is done in strict compliance with the regulatory stipulation. This means that in case of problems and financial difficulties trader funds will not be affected.

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. Also, all account types on ITRADER come with a minimum deposit requirement of 250 units of either EUR, USD, or British Pounds. Additionally, leverages are available, but only for the experienced and professional clientele. ITRADER does not accept trader residents from Canada and the USA.

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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.

DEMO ACCOUNT


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.

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SILVER ACCOUNT


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 Saver 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.

PLATINUM ACCOUNT


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). The swap fee discount is 50%.  Same day withdrawal processes and hedging are permitted.

ISLAMIC ACCOUNT


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 withdrawals and deposits. However, the minimum withdrawal amount is USD100 per request.  Some rules require clients to complete all verifications before requesting the money withdrawal.  Also, the broker makes sure that withdrawal transactions are fast, take one business day to process, and are commission-free.

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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.
•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.

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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.

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Here is the list of some features that ITRADER Mobile App offers:
•Full access to traders’ accounts.
•Complete access to commodities, shares, CFDs on currency pairs, indices, and cryptocurrencies.
•View charts and analysis.
•Simple order management and trading 

TRADING FEATURES


ITRADER offers several resources from the MQL Community website. 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. Placing trades is 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.
•Economic Calendar
•VPS service, which is free of charge. However, it is available only for Platinum account holders.
•Forex Calculators. ITRADER offers three calculators: Fibonacci calculator, Deal Size Calculator, and Pivot calculator, which will help out traders with calculations and correct indications.

ITRADER SPREADS


ITRADER offers a spread of 0.7 pips, which is excellent! The broker does not take too much, and this is why trading will not be excessively expensive.  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.

ITRADER does not provide any bonuses. We could not find any promotions on the website.

CUSTOMER SUPPORT


ITRADER offers a 24/5 customer support service. Also, customer service is multi-lingual.

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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 +357 77788511.  The responders on the phone are polite, knowledgeable, and quick to answer the phone.

RESEARCH


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.

EDUCATION


It is crucial to be insightful and sensible while trading. ITRADER offers a generous amount of educational resources, a couple of e-books, and VOD (video-on-demand).

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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.
•Videos for different level listeners. Videos are clear, short, and precise. There are 11 videos in total.

eBooks:


•Advanced Trading eBook
•Forex eBook
•Futures eBook
•Commodities are eBooks.
•CFDs and Stock eBooks.

TRADING EXPERIENCE


Overall, ITRADER offers quite satisfying trading experience.

itrader

The MT4 platform is user-friendly, and ITRADER clients use it quite frequently, without any severe problems. 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.

CONCLUSION


ITRADER is an online broker that surely takes care of its traders. The company is regulated, and traders’ funds are secured.

itrader

It offers multiple trading instruments and educational materials.

However, a major drawback is that only the MT4 trading platform is offered.

Also, if you need more information about ITRADER, feel free to do further research. We hope this review was helpful, and we wish you good luck trading!
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6 Comments

  1. Giovanna Oliveira Martins December 5, 2019
  2. Quincy Berthiaume December 4, 2019
  3. Owen Moss December 3, 2019
  4. Akulina Agapova December 2, 2019
  5. Livia Castro Barros November 28, 2019
  6. chris November 28, 2019

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