iTrader Broker Reviews and Full Information

What is ITrader?

The iTrader was launched in 2012 and has since gained an enviable reputation for its success that has resulted in a solid user base across the globe who trade thousands each month. The broker has its has its headquarters in Cyprus has internal lines from different countries to connect directly to their clients. The lines comprise Russia, Spain, Germany, France, UK Italy, UAE, Norway and many more.

An extensive selection of financial assets available from iTrader provides competitive fees and allows traders to trade currencies or Forex which is one of the biggest global financial markets in terms of volume of transactions in addition to trading foreign currency pair. CFDs on Commodities and Indices that include the most popular indexes from Europe and markets in the US as well as Far East markets. CFDs for Stocks with well-known appealing shares in a variety of markets both international and local.

Is iTrader legitimate or is it a fraud?

iTrader operates from two principal places and entities that are subject to specific regulations and registrations. Hoch Capital Ltd is licensed through the Cyprus Securities and Exchange Commission and is subject to the necessary rules and regulations the regulation of investment services within the EEA area and further.

So, the conduct of iTrader investment activities as well as the operation of markets with regulated rules is conforming to the regulations of MiFID within the European Union, which is a sovereign jurisdiction for provide cross-border services.

Furthermore, the second jurisdiction iTrader offers its services is offshore Belize that has an incredibly poor regulation by IFSC in light of its offshore location and the absence of standards, which could influence the distinctions between the services. However, thanks to the parallel regulation of a European CySEC and CySEC, you can be confident in the security of a secure trading environment.

Security of funds

In order to ensure the security of the funds The broker is operating in total compliance with the laws. The funds of clients are separated, and the company provides regularly financial reports to be reviewed as well as CySEC customers are included in the Fund to compensate Investors and customers of CySEC Investment Companies in the event in the event of a broker's failure.

Trading Platforms

Naturally, iTrader offers a variety of trading platforms that cater to experienced and novice traders and their most important feature is WebTrader or online trading state-of-the modern software that gives you access to market information regardless of the device.

The most important features of the platform are live analysis, charts and live data with the statistical data, trading cubes that display the size of lots, assets, and prices, as well as the Visual Trends that provide an understanding of the market's conditions and significant trends.

Mobile trade created by the broker as well lets you gain access to the service for free and fully control of the account investment monitor, trades and account openings. You will also get all the latest information regarding the markets, analyses and updates directly to your telephone.

However, Platinum client's of iTrader could be tempted to use the most popular software when it comes to the analysis and charting, the popular software MT4, that is also an option. It is available as an operating system for desktops and it combines the tools and features available.

Accounts

iTrader provides three distinct account types : Silver, Gold and Platinum that differ in their offerings based on the type of trader as well as the volume of their the business. Additionally you can also choose it also offers the Islamic account is for traders who adhere to Sharia rules is accessible upon the request of.

Fees

In terms of charges for trading, iTrader does not charge a commission, however the executions are all dependent on an adjustable spread which differs based on the account as well, check below a list of comparisons between accounts. Additionally, platinum account holders are also able to benefit from Free VPS as well as Dedicated Account Manager. News Alerts, and discounts on Rollover or swap rates See an the example below.

Compare iTrader's fees against another broker that is popular FXPRO.

Leverage

As you can see in the above iTrader leverage limits are also based on the type of account that you are using, however the levels apply to international traders who have the account of iTrader global. So, if your account is registered with the Cyprus company iTrader you will be able to leverage the maximum permitted leverage under ESMA is 11:30 to Forex instruments that is due to regulatory restrictions.

Indrawals and Deposits

The broker provides a variety of payment options once the account is established. The most popular options and via electronic wallets are accessible, including payment options include debit cards (Visa, MasterCard, Maestro, American Express), WebMoney, Neteller, Skrill, Yandex Money and Qiwi.

The speedy withdrawal process made possible by the advanced security measures allows customers to withdraw their money whenever they need it. In accordance with the anti-money laundering regulations (AML) AML, the Company transfers money to a bank account whose beneficial owner is the same that of the trade account.

In the event of credit card transactions, iTrader will first refund any amount up to the amount that was deposited with the same card. In some instances the card issuer may set limits on the amount of time to issue a refund. If this timeframe is not met and the funds are not refunded, they are returned to the customer through bank wire.

Withdrawal

ITRADER doesn't charge any fees for withdrawals to its customers. It is worth noting that there are intermediary banks that banks utilize who charge fees. This is the responsibility of the customer.

Education

Another advantage that is a major benefit of iTrader is their client-focused and a supportive business model. you are able to get answers to your questions via chat online or social media, emails or phone calls. Furthermore, iTrader's Academy center concentrates on the knowledge of their traders and offers to help them become familiar with the most fundamental and important fundamentals of trading in financial markets.

The educational process offers a wealth of learning resources through books, webinars online, tutorials and courses.

Through the course of its existence, iTrader presented themselves as an active and reliable trading service, and received awards for being one of the top industry brokers. In addition, iTrader is also an official online trading partner for Manchester City Football Club in EMEA.

Conclusion

Overall overall, the ITrader broker provides strong technical options for trading and offers automated trading options that can be looked at by a lot of traders as well as beginners. The wide range of trading accounts offers the possibility to pick the most appropriate conditions that meet your requirements and strategies you employ which is a great benefit.

However it is true that the spreads offered are higher than the standard industry plan. But, iTrader is also a licensed broker, which means that it follows the rules and provides peace of mind that your funds are is safe.