ITRADER is the topic for many debates among currency traders. As we are trying to make one of the objective ITRADER reviews, here you will learn everything about this Forex broker.
ITRADER General Information
We would like to start with the info about the company. The broker has started offering its services since 2012. After some additional research, we have found out that ITRADER website is owned and is being operated by Hoch Capital Ltd. The headquarters of the brokerage firm is located in 5 Christaki Kranou, Germasoya, Limassol, Cyprus. ITRADER currency broker is regulated and licensed by CySEC.
ITRADER Account Types Review
The account registration starts with filling in the necessary data. Generally, it takes from 1 up 2 minutes to finish account setup. After this, you can choose to go for live accounts or a free demo. There are 3 live trading accounts offered at ITRADER: Silver, Gold and Platinum.
It has been found out during ITRADER review that this broker utilizes floating spreads that change under different market conditions. Also, ITRADER is an ECN broker, which one of the main signs that your spreads will be tight.
The maximum leverage also depends on the account type selected, as our ITRADER review has discovered. The max. leverage for FX trading is 1:500, which is accessible only by Platinum users. For Silver account it is 1:200 and for Gold – 1:400.
Lastly, Platinum account users can access special webinars and educational videos, which are made by professional traders with more than 7 years of experience and proven track of profits. The main differences between account types can be seen in the table below:
ITRADER Trading Software
In order to access 160 tradable assets on ITRADER website, you can use 3 trading platforms:
- MetaTrader 4 Desktop
- MetaTrader 4 WebTrader
- MetaTrader 4 Mobile
Such focus on MT4 is pretty understandable, because it is the most popular Forex trading platform. It is great that this broker offers in-browser trading platform, since it allows you to trade without any additional installations on your PC.
There are several communication means to reach ITRADER FX broker client support, i.e. email, WhatsApp, Fax and 9 international numbers. As for the indirect support, their FAQ turned out to be full and useful in terms of information provided. The website operates in English and French.
ITRADER Opinions: Payment
The minimum deposit amount is $250. The account can be funded only with credit/debit cards and wire transfers. At the same time, the withdrawal is made only with wires.
ITRADER Review Conclusion
This broker offers good trading conditions and good platform choice. If you are looking for reliable CySEC regulated broker, we advise you to sign up with ITRADER!