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ITrader Broker Review
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Our Overall Rating
- ITRADER is an international online broker offering outstanding services and conditions that fit traders with different experiences and backgrounds.
- Online CFD trading on Forex, commodity, stock, index markets brings unlimited trading opportunities right to a trader’s phone or laptop.
- The more account remains dormant, the more a trader needs to pay.
- No live chat.
ITRADER is an international online broker offering outstanding services and conditions that fit traders with different experiences and backgrounds. Having access to global markets with ITRADER, millions of investors get a wide range of financial instruments, straightforward and transparent trading conditions. Being the choice of millions of traders, ITRADER is one of the major brokers in terms of trading CFDs on currency pairs, commodities, and other asset classes.
Online CFD trading on Forex, commodity, stock, index markets brings unlimited trading opportunities right to a trader’s phone or laptop. So, the broker assures the most advanced and quick way to get that. ITRADER offers to make investments in CFDs on 250+ assets, which gives the possibility to strengthen your portfolio and improve your positions on markets.
With various types of account, anyone can invest with ITRADER, beginners and pros. To trade anytime from any part of the world, you get a top-notch platform with an intuitive interface and advanced trading features. User-friendly and robust technology lets traders focus on financial strategies and trading techniques. And it is available for all types of devices.
Commissions & Fees
Just like with many other brokers, spreads are paid each time a trader opens or closes a trade. For each account type, spreads are different. Also, the broker charges an overnight fee from an account whenever a position is left open after 9 pm GMT. The overnight financing fees are found in the instrument’s details on the trading platform, and it is charged per lot. Plus, if an account is left inactive for two months, a trader can be charged an administrative fee. The more account remains dormant, the more a trader needs to pay.
Platforms & Tools
ITRADER delivers an award-winning MetaTrader4 trading tool to its clients. This platform stands out among others in terms of features, analysis tools, intuitive UI, flexible trading system. With it, millions of traders worldwide enhance their trading experience. Its browser-based version, WebTrader platform, is available without the need for additional download and installation.
The right tools can empower your techniques, help to formulate your strategy and enhance your trading activity. The toolset from ITRADER extends to:
- Calculators for figuring out the worth of a pip or how much margin a certain position requires.
- The economic calendar for all the major macro-economic events such as the economic indicators and monetary policy decisions.
- Market analysis tool for reviews of current market trends that will aid investors to decide which asset to invest in.
- Asset index tool for a fully organized menu of assets that are available for investment on the ITRADER platform.
Customer support is available Monday to Friday, from 7:00 am to 7:00 pm GMT. You can contact the manager via e-mail, phone call, or via a contact form on the website. The broker also has Facebook, Twitter, and Instagram profiles, and if convenient, you can contact managers via these social media accounts. Respond time is quick, the support staff is polite, knowledgeable, and professional. Unfortunately, ITRADER does not currently offer a live chat even though it is a very popular option for many clients.
Any customer can do their own extensive research since ITRADER offers a great array of educational materials. The broker’s academy center contains learning packages for traders with any level of experience. Beginners will find information on trading basics; seasoned traders will be able to improve their skills and update current strategies.
Depending on the type of content you like, you can choose videos on demand, eBooks, articles, courses, and tutorials. And you will certainly find the learning materials about the assets you choose to trade CFDs on with ITRADER.
Ease of Use
The onboarding process is simple. It takes 3 steps:
- A trader needs to fill in the personal details, specify the information about their experience and trading background.
- The information goes through approval. Once it is approved, a trader gets access to an account.
- A trader needs to make the first deposit, and then, they can access global markets via MT4 or WebTrader.
ITRADER’s MT4 mobile apps are also available for both iOS and Android devices to make trading on-the-go easier and always within hand’s reach. The platforms are intuitive, and easy to navigate, with all the usual integrations, plugins, charts, and trading tools MT4 traders expect.
MT4 mobile apps provide:
- all order types and execution modes
- symbol charts
- history of trades
- 3 types of charts: bars, Japanese candlesticks, and broken line
- 30 most popular technical indicators
- 24 analytical objects
- news of financial markets
Trading on cryptocurrencies is a huge deal, since it is a revolutionary method of payment, and it is extremely volatile on the financial markets. With ITRADER, all the investors get access to the cryptocurrency market with a range of CFDs to trade on, including Ripple, Ethereum, Litecoin, Dash, etc. So, just like with any other asset, you can freely trade CFDs on various cryptos with this broker.
ITRADER prohibited countries:
Canada & United States
ITRADER is operated by Hoch Capital Ltd., a leading online broker providing various investment and ancillary services, duly authorized and regulated by Cyprus Securities Exchange Commission (CySEC) under the license number 198/13, with its head offices located at Grosvenor Tower, Griva Digeni & Kolonakiou 125, Ground Floor, Linopetra 3107 Limassol, Cyprus.
From their website:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ITRADER is a well-regarded, regulated, online broker with competitive spreads and a wide range of tradable assets. It offers different types of accounts, including an Islamic one, which guarantees a more individual approach to trading. The broker assures an excellent customer service and offers an academy center with learning materials to help traders to get fully prepared before entering financial markets. As ITRADER assures a full-fledged investment service, there is no surprise why the broker is so popular among traders.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
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- Commissions & Fees
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