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ITRADER Review

Rating:

You have most probably heard about ITRADER by now. ITRADER Forex Broker is a brand name of Hoch Capital Ltd, a company that is rather a newcomer to the retail FX sector, does it have an unstained reputation and offers quite solid services? We do not think so! Interested in finding out more? Keep on reading our ITRADER scam review!

Leverage: 1:500                    Licences: CySEC

Min.Deposit: 250 USD           Bonus: N/A

Spreads: from 0.7 pips                US Clients: No

This broker is a scam! Signup with XM instead! 


ITRADER Review at a Glance

The most important thing about a Forex brokerage is the trust it evokes. When it comes to ITRADER it gives us a first impression of a trusted company but is it enough? We do not think so! ITRADER is licensed and regulated by CySEC, but it is not a first scam broker that have managed to get EU regulation, so be aware that regulation is not enough to offer high-quality services.

itrader-forex-broker-review

For the people that ask themselves “Is ITRADER scam?”, we can certainly say that yes, it is.

ITRADER Scam Reviews of Assets

If you are not sure that a company is trusted, the logical step is to take a look at its offer and trading conditions. This is the field where ITRADER shows its real scam identity.

Apart from offering currency pairs, this broker makes more ways to lose your money available. You can choose among such commodities as gold, silver, crude oil, natural gas, coffee, soybeans and many others. There are also dozens of European and US Stocks available for trading. Be aware that spreads on those markets are much higher than at other brokerages and market prices are different from the real ones.

Finally, during this ITRADER scam review we have found out a 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-reviews

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 include any info about commissions.

itrader-review-accounts

Also, accounts differ in terms of the maximum leverage:

itrader-leverage

Which means that in order to get good trading conditions you will have to go for the platinum account that requires a high first deposit. It seems to be tricky, since the best brokers would offer you the best conditions from the beginning.

 

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. But be aware that MT4 for Mac is just a ported version of the Windows application and it includes a bunch of lags.

Z.Com Broker Platforms

Finally, there seemed to be 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. We’ve checked this software and it simply doesn’t give you the correct data. We reckon this tool to be just another way of losing your deposit and recommend you to stay away from the Guardian Angel.

ITRADER Review of Extra Features

During this ITRADER scam review, we have found out that the trading conditions and the technology are not assembled for any type of traders. Additionally, the educational resources available at ITRADER.com website seem to include only outdated articles and books that are freely available on the internet. Which means that there is no reason to deposit with this broker since it does not give you anything good.

ITRADER Customer Support

ITRADER broker website is only available in three languages: English, French and Arabic.

Also, ITRADER seems to support Islamic Accounts, but we are not sure if it is any good.

One of the most striking differences between ITRADER and other brokers is that ITRADER does not give an open access to the complaint form. This way we can understand that this broker is not open to receive criticism on its services and its core task is to scam traders and take your deposit. There is no live chat option with ITRADER which is rather common for all the scams in Forex market.  ITRADER can be reached via phone or email only.

ITRADER Deposits and Withdrawals

The broker does not have a vast amount of trading systems connected. You can use your Visa or Mastercard to top up an account as well as send the funds via a wire transfer.

In order to try 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.

Be aware, sending pictures of both sides of your credit card via email is not the best idea since it can be used by scams easily.

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 only basic regulation and low-quality platform, it goes without saying that ITRADER is a scam broker.

We do not recommend you to sign up, deposit or trade with this broker!

Open a live Account with XM Instead  Get Started with XM now

ITRADER Review Overall rating: 1 out of 5 based on 4 reviews.

mediocre education center

★☆☆☆☆
1 5 1
the education center doesn't give you the knowledge that you need. especially the forex trading articles. they are low quality. Also, their withdrawal process takes more than 4 weeks.

I do not recommend this broker

★☆☆☆☆
1 5 1
I can say that ITRADER is one of the worst brokers in the trading world. I experienced a lot of trouble with my withdrawal, platform, and financial manager

Worst class broker

★☆☆☆☆
1 5 1
From my experience, they are the worst broker. support gives no immediate responses. I do not recommend them.
Name
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  • Gustaf Lindholm

    I like their guardian angel app. it’s a unique trading tool. It sends messages about signal notifications on financial trends at a specific point of time….

  • Caitlin Rogers

    What made me love this broker aside from being the best when it comes to its daily news and update, I am also feel welcomed whenever they spearhead webinars that caters all my needs. Just saying anyway thanks for thhis

  • Michalina O’brien

    I have traded with itrader for years. I have deposited and withdrawn money with them and both are handled efficiently and quickly. Customer service is well-done via chat and is similarly efficient.

  • Lilou Pieto

    Itrader is a good broker for me. Their trading interface is very clear and quite attractive. All the services on their site are clearly explained and properly placed in order.

  • Caroline Schmidt

    I am a client of Itrader for a year and I am very happy with all my progress in trading Forex. In its website, I could find a lot of educational material to keep on learning. Itrader always provides updated economic news.

  • penelope

    Their platform is quite nice and I got use to it so quick, their spreads are fixed and they have a good customer staffs and a reliable official representatives than other broker.

  • Michael Bronislav

    1:500 leverage offer and 0.7 spreads is not bad actually.

  • Bennet

    simplicity and user-friendliness was obvious, very straightforward company.however, they offer no bonuses, promotions and specials

  • Sophie Bouvier

    I am aware of different brokerage as I have been into trading for quite long now. Well, this is a good broker for starters and professionals as well but make sire to find the best type of investment that will suit you

  • Louisa Ricci

    Excellent execution with low commission and better spreads are the characteristics of this broker that makes it ahead of the other brokers

  • Jenne

    might be great if you have a decent trader but don’t think FM-
    fx traders are that good or we won’t be in this possession he did the trading I just clicked what was advised which turned out to be a disaster.

  • Susie Ramirez

    The reason I tried opening an account with this broker, is that I became so interested in commodity trading, which my past broker doesn’t offer.I am enjoying the perks of opening an account with it as I had a hands on experience with the commodity trading

  • Catarine Baroffi

    Thanks to their social media to keeps me update on the market reviews.

  • Henritte Courcelle

    The trading platform suits my ability to trade, quite convenient and decent.

  • Franciszca Nowak

    customer service is accessible and approachable 24/5.

  • Sophia Ava

    This broker doesn’t charge me for deposits as well as my withdrawals. They also accept transactions through credit cards.

  • Fia Johansson

    Suggested it to a muslim friend and found out that it fits well indeed especially with their belief. Glad to help a fried of mine

  • Viorica De Luca

    Everytime I go to their website I always visited their daily reviews page because it helps me about financial market since, it is always updated.

  • Amber Wilson

    This broker provides guidance at every step of my journey as a trader and helps me access the financial markets.

  • Stella Adorjan

    I like the fact that you can reach their customer support through emails and whatsapp. Very convenient in my part as a part time trader.

  • Shane Winter

    I have a good impression about this broker. Luckily, I have never faced any problem trading with them

  • Catalina Perea

    I tried to withdraw my money but it took me 3 weeks before I get it, however when I dialed the customer service they just explain that they are doing multiple checks before releasing my withdrawals

  • Andrea Palmer

    Excellent service, clear communication and suitable advice for their client

  • Lucy Thompson

    I can easily contact the customer support through E-mail and Telephone they are responsive and easy to talk to.

  • Sophia Ava

    Real professional and wide understanding in the trading industry

  • Виктор Васильченко

    I liked this trader, its educational program is awesome

  • Андрей Макаров

    Great trading platform, have a good profit here