Is Itrader a Scam? Detailed Itrader Review Updated 2023

itrader review

Ebooks, videos on demand, training courses, tutorials, and informative articles abound, and daily market news and analysis complements these items. There is no library present to consider expired webinars so the quality of it is unknown. ITRADER offers a wide selection of instruments across forex, indices, stocks, commodities and CFDs.

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Free Virtual Private Servers (VPS) are available to Platinum accounts for no extra fee or minimum account value. Although traders have had great success with Itrader, trading on the financial markets with Itrader is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. As part of our Itrader review, we review customer service options, response times and problem resolution effectiveness on the Itrader trading platform. The Itrader trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

worst experience i ever had

However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. A minimum deposit is the minimum amount of money required by Itrader to open a new online brokerage account with them. Itrader requires a minimum deposit of 200 GBP/USD/EUR when opening an Itrader trading account. Itrader is regulated,

governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers’ behaviour, and they will take necessary action if things go wrong.

  • Itrader is regulated by the Cyprus Securities and Exchange Commission (CySEC).
  • Global ITRADER also offers many educational resources, several e-books and VOD (video on demand).
  • Like other brokers, Itrader margin requirements can differ depending on the traded instrument.
  • Itrader compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Itrader to maintain licenses and operate in certain jurisdictions.

We put their multilingual support to the test by speaking to them in various languages, and they were able to communicate effectively. We contacted Itrader via phone, and our call was answered within a reasonable timeframe of 7 minutes. While it may be a new skill set for some, it is what the market requires for success. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Itrader leverage magnifies both profits and losses in trading.


Before using Itrader, think about how easy it is to use for your personal needs. Does the Itrader platform offer real-time updates or delayed updates that are more informed? Remember to check if Itrader is well regulated, and what tradeable financial instruments Itrader has. Investors can log in to their Itrader trading account, type in their credit card information and the funds required will be

posted in a number of business days. Investors can also transfer funds into their Itrader trading accounts from an existing

bank account or send the funds through a wire transfer or online check. Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins.

  • These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices.
  • Please note that the list of payment methods below depends on the Itrader Entity and the client’s Country of Residence.
  • If you’re interested in comparing Itrader against other popular brokers in the industry, check out our Itrader Vs pages.
  • Major credit cards, major e-wallets and banking wire transfers are the deposit methods of choice.
  • Additionally, the trading platform itself is reliable across devices, both desktop and mobile, in terms of trade execution as long as clients ensure a steady internet connection.
  • You will find defined charts, updated quotes, technical indicators and automated trading systems such as Expert Advisors.

If you’re having a withdrawal transferred to your digital wallet account,

your Itrader should arrive in less than 24 hours. Customer service representatives are on call “24X5” each trading day of the week. They speak several languages and can be reached in a variety of ways, including live chat, email and direct phone line.

Is Itrader a market maker?

ITrader offers an attractive selection of assets, but its lack of experience and care can be seen throughout its services. Despite that Hoch Capital is CySEC regulated broker, FCA considers its trading practices and aggressive marketing promotion in the UK controversial to its MiFID obligations. The brokers used misleading marketing and promotion strategies which resulted in numerous complaints and has failed to carry out appropriate assessments of the compatibility of its products and its customers. However, the spreads offering are a bit higher than the average industry proposal. Nevertheless, iTrader is also a regulated broker which means the company follows and bringing a clear and calm state of mind that your money safe. ITrader offers three different account types Silver, Gold and Platinum that are diversified by their offering according to the trader’s type and the size of operations.

itrader review

Their longstanding lack of transparency and inability to commit to their traders’ best interests has taken iTrader from a CySEC registered broker to just another unregulated broker with no accountability. This broker hasn’t shown a strong commitment to making customer contact easy. The reception of this app has been mostly hostile, with most reviews criticizing the lack of features. The EUR/USD currency pair is the best indicator for a broker’s spreads in general. With a Silver account, the EUR/USD spread is 2.2 pips, which is absurdly high.

What is iTrader? 📚

It consists of an economic calendar, financial calculators, a market summary and a daily review. The first three returned blank pages at the time of this ITRADER review, the latter appears to be a brand-new addition started on November 11th 2019 and is updated daily, but none of the videos are playing. Unfortunately, there is no dedicated research section which suggests this is not something taken seriously by ITRADER.

This is the same platform that countless other online forex and CFD brokers use. Most traders are familiar with its suite of features, including some of the best technical indicators around and a host of advanced tools for experienced traders. This iTrader review found that the broker has an above-average selection for most assets. The CFD selection covers more commodities than many other brokers and fares well on indices. CFDs on stocks are underrepresented with this broker but would satisfy most traders. Their statement further read that the brokers did not appear to assess financial instruments’ compatibility with their clients’ needs, likely referring to CFDs offered to novice traders.