itrader Review

97
  • Regulated by the Cyprus Securities and Exchange Commission
  • Web Trader and MT4
  • Easy to Get Started
Visit itrader
Founded: 2010
Languages: EN
Welcome Bonus:
Supported Apps:

Overview

iTrader is a renowned forex broker founded in the year 2012 in Cyprus. It provides a host of trading services that are much more than what a traditional forex broker offers. iTrader provides CFDs in commodities, indices and stocks. The broker however offers its trading features only to non US clients.

 

Benefits

Based in Limassol in Cyprus, iTrader has complete compliance to MiFID, which offers access to 23 EU member states. iTrader offers three different accounts namely Silver, Platinum and Gold. All accounts haveaccelerating benefits including expanding leverage and tighter spreads. The leverage spikes up to a maximum of 500:1, while the spreads have lowest pips at 0.7.

For trading at iTrader, users have to place a minimum deposit of 250 units in GBP, EUR or USD. Withdrawal and deposit of money does not carry any fees.

The trader accepts credit cards and wire transfers for its deposits. It is compliant with the standard global regulations for verification including AML/KYC documents for its withdrawal process.

The trader offers more than 160 asset options including 48 Forex currencies, 81 Stocks, 17 Indices and 17 commodities.

The broker is CySEC regulated ensuring a safe trading option for clients. All client deposits are segregated safely in bank accounts and the Cyprus Investor Compensation Plan offers protection up to about 20,000 Euros.

The broker has a robust Meta Trader 4 platform, and mobile and web versions for efficient trader access. Comprehensive support is provided by the broker in the form of tutorials, informative articles, training courses, on demand videos and eBooks.

 

Features

iTrader uses Meta Trader 4 software for its trading. This is supplemented with WebTrader online platform that features its own set of real time analytics, charting tools and notification process of trading trends.

iTrader also features mobile version to enable traders access the services of the broker online anywhere. It is easy to close and open financial market positions with the mobile trading platform. All trading activities are kept secure and private with the help of SSL encryption. Level 1 PCI and SAS 70 standards help in ensuring the system is reliable and information pertaining to payment are secure.

 

Cfd Trade

iTrader has a robust forex trading platform. It has an exclusive set of currencies that are actively traded including JPY, EUR, GBP and USD. Platinum account holders are provided spreads on EUR/USD for as a low value of 0.7 pips.

For a trader with silver account, spreads on EUR/USD can be at the range of 2.2 pips. For forex trading, a leverage of maximum 500:1 is available. This enables a $5,000 account to open at a value of $250,000 for an individual share. Forex traders will find the various calculators provided on the website for pip to trade size, Fibonacci, pivots and size of overall deal.

 

Forex Trade

iTrader does not charge any commission for forex trading just like other online brokers. It offers forex trading in over 16 currency pairs. The company makes money by using a wider spread for the dealer that includes 2 pips of r USD/JPY pair, 3 pips for USD/CAD, USD/CHF and EUR/USD, 4 pips for AUD/USD and GBP/USD and 5 pips for NZD/USD. The pips increase for rarely traded pairs. The spreads for bitcoin trades are about 225 pips.

 


What We Like

It features an extensive range of assets for trading

Leverage is very high

Trading is free of commission

 

What We Like Less

ripple

bitcoin

Trading platforms lacks choices

Payment methods are very limited

Other than premium accounts all other accounts feature high spreads

 

 

DISCLAIMER

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Terms may change frequently, and despite our best efforts it is possible that some information may be out of date, therefore we recommend consulting the provider's official website for exact pricing. To maintain this website as a free resource, we utilize links that provide us with compensation for referring you.

We are independently owned and the opinions expressed here (Except user's opinions) are our own.

 

 

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