ITrader is such an established brand in the forex brokerage industry, that it is hard to believe it was only founded in 2012. Since it opened its doors to online investors worldwide, iTrader has earned a reputation of being a reliable and transparent broker. ITrader, through its advanced platforms, offers an exciting trading experience to traders of all levels, and backs it up with excellent client supportand efficient payment processing systems. In this iTrader review, we will explore what this leading regulated broker has to offer and how you can trade the online financial world with ease with iTrader.
A simple search online will find many iTrader reviews which quickly confirm just how professional and popular this broker is. iTrader has worked hard to create an all-inclusive trading environment that provides its traders with a powerful trading platform, a variety of effective trading tools, responsive customer support and effective educational resources.
Table of Contents
iTrader Scam Or Legit?
In an attempt to try and impact the success of iTrader, some competitive brokers have put iTrader scam reviews online. In order to evaluate the broker and to understand what it has to offer, simply visit their site and make contact with their customer support. You will quickly realize that iTrader is a top broker that puts its traders first. They offer everything you need to trade forex and CFDs and they will always assist you on your trading journey. Here we have reviewed each service and feature of the brokerage so that you can get in-depth insight into what they have to offer.
License and Regulation
ITrader is a brand of Hoch Capital Ltd, an Investment Firm in Cyprus that is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission), under license number 198/13.The company operates according to MiFID II (Markets in Financial Instruments Directive), whose stated objective is for financial firms to participate in the deeper growth of capital markets and the promotion of investor safety.
Besides CySEC, iTrader has achieved multiple regulations across Europe from the relevant supervisory bodies such as Poland’s KFI, France’s REGAFI, Norway’s FSAN, Austria’s FMA, Denmark’s FSA, Finland’s FSA, Britain’s FCA, Italy’s CONSOB, Greece’s HCMC, Estonia’s FI, Romania’s CNVMR, Spain’s CNMV, Germany’s BaFin, Latvia’s FKTK, Sweden’s FSA and Netherlands’ AFM, among others.
Such heavy regulation means iTrader traders get to worry about nothing else other than their trading activities. This is because regulation means that client funds are held in segregated accounts, completely separate from iTrader operating capital accounts. It also means that the broker is subject to random platform checks performed by the supervisory bodies to ensure they adhere to fair pricing guidelines and stream fair and transparent price quotes at all times. Also, in the unlikely event of a dispute between you and iTrader, you will be assured of fair treatment by an autonomous body that has been elected to look out for your interests as an investor.
Account Types
ITrader offers three account types: Silver, Gold and Platinum; all appropriatelycustomized to meet the individual needs of diverse traders in the market. There are added perks to each account, such as higher leverage and lower variable spreads on different asset classes, news alerts and free VPS hosting. The minimum deposit amount is $250 and no matter your account type, you will enjoy unlimited 24-hour support, the choice of switching to sharia-compliant Islamic account, hedging and round the clock customer support.
Trading Platform
ITrader trading platforms are based on the industry leading and popular MetaTrader 4 platform. It is available in three forms: WebTrader, MetaTrader 4 and a Mobile App.
WebTrader
The iTrader WebTrader is a web-based trading platform available to users of any device with an internet connection and a browser. The key features for the iTrader WebTrader are live analysis and charts, trading cubes for convenient trading, graphic trends and a 14-day free and unlimited demo account. There is also one-click trading and social trading integrated which allows you to view the trades of other top traders on the platform.
MetaTrader 4
Regarded as the most popular trading software in the world, the iTrader MetaTrader 4 platform is available for download for both Windows and Mac. It has similar functionality to the WebTrader platform but as a downloadable stand-alone software, it comes with additional indicators and charting tools. It has a great user interface that ensures ease of order placement as well as faster analysis and overall trading.
Mobile App
With most people spending more and more time on their mobile devices, it makes sense to have a mobile application for trading. For flexibility and convenience, iTrader offers a downloadable mobile trading application compatible with both Android and iOS. The mobile app provides all the functionality of the other desktop platforms and helps traders to capitalize on increased trading time as well as ensure they do not miss out on any quality trading opportunity that arises anywhere, anytime.
On all the iTrader platforms, you can trade over 200 financial assets from currency pairs and commodities to stocks and indices. There are also over 150 technical, fundamental and sentimental indicators to help traders identify the best trading opportunities in their favourite assets.
Trading Resources
ITrader was indeed built by traders, for traders. The broker has put together a comprehensive educational package to help traders of all levels improve their trading knowledge and techniques in a systematic and structured manner. There are numerous trading eBooks and videos available in their library that cover all aspects of successful trading, such as trading basics, how to analyse different asset classes, various technical and fundamental trading strategies, how to use different trading tools and trading psychology. They are also various articles written regularly by in-house and guest experts discussing various advanced and emerging trading strategies.
ITrader experts also provide daily chart analyses on the most traded financial assets, with a direct link to the WebTrader platform in case a trader decides to implement a signal quickly. There are also daily, weekly and monthly market summaries as well as forecasts. ITrader also has a trading calculator tool to help traders easily determine pivot price points, Fibonacci levels, pips and risk/reward deal sizes.
There is also an Economic Calendar tool to help traders implement fundamental trading strategies in the market. The tool helps traders track economic and political news that might have an impact on the price movement of their favourite financial assets. With news one of the major triggers of volatility in the market, the iTrader Economic Calendar tool helps traders stay on top of their trading activity and always ready to exploit all arising trading opportunities.
Payment Methods
ITrader is dedicated to its traders and their hard earned money. The broker employs the highest security standards when handling all deposits and withdrawals. Their systems ensure traders remain in control of their money at all times.
All iTrader servers work from SAS 70 certified server centres, while all data flow is encrypted using the latest 128 SSL encryption. All transactions are also moderated by Level 1 PCI compliance services. Throughout its site and platforms, iTrader also maintains strict safety protocols to ensure that confidential trader details are never put at risk.
ITrader accepts deposits and processes withdrawals in various safe and convenient methods, such as Secure Bank Wire, MasterCard, Visa, Qiwi, Maestro, American Express, VLoad, Skrill, WebMoney, Neteller and Yandex. ITrader charges no fees when you are depositing or withdrawing from your trading account. You can begin trading immediately after making a successful deposit, and all withdrawals from verified accounts are processed within 24 hours, once the verification process is complete.
Customer Service
As stated earlier, iTrader wants you to have the best trading experience and to worry about nothing else but your trading activities. If you ever encounter any issue during your trading session, there is a detailed ‘FAQs’ page that just about caters for any question or concern you may have. For further support, you can reach out to their multilingual support team for 24/7 assistance via email, live chat or phone. Their support team is very friendly, knowledgeable, professional and highly responsive. They will only be happy when you are satisfied. ITrader truly lives up to its hype of being a reliable and trustworthy broker. It is one of the most heavily regulated brokers in the world and it follows that up with providing a nonpareil trading environment through its state of the art trading platforms and impeccable trader support. If you want a brokerage partner that is truly interested in your trading growth and success, then iTrader is your natural choice.
Sign up here and enjoy matchless Forex and CFD trading!
Overall Rating: 9/10
