You have most probably heard about ITRADER by now. Apart from being a Cyprus Investment Firm, it is also a sponsor of one of the most famous football clubs – Manchester City. ITRADER Forex Broker is a brandname of Hoch Capital Ltd, a company that is rather a newcomer to the retail FX sector, yet it has unstained reputation and its offer is quite solid. Interested in finding out more? Keep on reading our ITRADER review!
Leverage: 1:500 Licences: CySEC
Min.Deposit: 250 USD Bonus: up to $30k
Spreads: from 0.7 pips US Clients: No
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ITRADER Review at a Glance
The most important thing about a Forex brokerage is the trust it evokes. When it comes to ITRADER, it is a company that has managed to sign an agreement with Manchester City club and we have verified this information with the football club, hence it gives us a first impression of a trusted company. Next to this, ITRADER is licensed and regulated by CySEC, a leading regulator of EU Forex brokers. ITRADER is also registered by the FCA in the UK and many leading European regulators.
For the people that ask themselves “Is ITRADER scam?”, we can certainly say that no, it is not. ITRADER is a trusted and a reputable company.
ITRADER Reviews of Assets
Once you are sure that a company is trusted, the next logical step is to take a look at its offer and trading conditions. This is the field where ITRADER broker seems to excel.
Apart from offering currency pairs, this broker makes more markets available for its traders. You can trade choose among such commodities as gold, silver, crude oil, natural gas, coffee, soy beans and many others. There are also dozens of European and US Stocks available for trading.
Finally, during this ITRADER review we have found out quite an extensive list of available Indices – next to such common assets as SP500, FTSE100, MIB40 and NASDAQ100, you can also trade some exotic indices that are not really available with the other brokers: India 50, South Africa 40 and China Enterprise 40.
ITRADER Trading Accounts
With this brokerage you can get access to three types of the trading accounts. Every each of them comes with different spreads. ITRADER does not charge any commissions, hence the spread is the only cost you pay.
Also, accounts differ in terms of the maximum leverage:
ITRADER Broker Platforms
This broker lets you access the world’s most widespread and the most awarded piece of technology – MetaTrader 4. ITRADER was one of the first brokerage that launched MT4 in its web version. In addition, ITRADER is a broker that lets you trade Forex on your Mac in a native way. This is a strongly limited feature as most of the brokers do not offer a native app.
Finally, there is an extra sweet cherry on top. With ITRADER Forex broker you can get free access to a unique piece of the trading software – Guardian Angel. This tool can only be run on Windows and notifies a trader about possible moves in the market, their directions and volatility.
ITRADER Review of Extra Features
During this ITRADER review we have found out that the trading conditions and the technology is greatly assembled for the experienced traders. However, the educational resources available at ITRADER.com website seem to be a great base for those of you that are just starting out.
This broker has a large database of educative articles, MT4 tutorials, VODs, courses and eBooks. By signing up with ITRADER, getting a demo account and putting your hands on the educational activities available with this broker, you can be fully prepared to trade on the world’s largest markets.
ITRADER Customer Support
As ITRADER is a broker that is just starting out, their website is only available in three languages: English, French and Arabic. Also, ITRADER supports Islamic Accounts, hence this broker may be a good fit for the traders from Gulf countries.
One of the most striking differences between ITRADER and other brokers is that ITRADER gives an open access to the complaint form. This way we can understand that this broker is open to receive criticism on its services, while its core task is to design outstanding value for the traders. Unfortunately, there is no live chat option with ITRADER at this point in time. However, ITRADER operators are ready to sort out your doubts via phone and email.
ITRADER Deposits and Withdrawals
The broker does not have a vast amount of trading systems connected, yet it does have a solid choice of the top-up methods. You can use your Visa or Mastercard to top up an account as well as send the funds via a wire transfer. It is, however, expected that more payment systems (especially Internet wallets) will be connected to ITRADER brokerage soon.
In order to take out the funds from ITRADER you will need to send over your ID, proof the residency and a picture of the both sides of your credit card, in case it was used as a deposit method.
ITRADER Review Conclusion
If you are reading this review, you are wondering thinking between two options: “is ITRADER legit?” or “is ITRADER scam?”. We think that this is a no brainer. Considering the world-class regulation and a sponsorship of the top football club, it goes without saying that ITRADER is a trusted broker. Next to this, the range of markets available with ITRADER is superior compared to the rest of the brokers. Finally, this ITRADER review has found out that the conditions of the brokerage are supreme.