ITRADER.COM is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license no. 198/13 and is a sponsor of Manchester City FC.
Regulation
ITRADER.COM submits its financial statements to CySEC for review and moderation.
The broker is a member of the Investor Compensation Fund. The fund can pay a maximum amount of EUR 20,000 to one trader as compensation in the event the broker becomes insolvent.
Trading accounts
ITRADER.COM offers three types of accounts: silver, gold and platinum. Higher minimum deposits are required for Gold and Platinum accounts, but lower spreads are charged on these accounts. ITRADER.COM also offers an Islamic account.
The company offers spreads that are quite competitive in the industry and maximum leverage of up to 1: 500 - all for a minimum deposit of $ 250 (which can be easily deposited via credit card or bank transfer). With this amount, you can become the owner of a silver account.
Traders can set up an account within minutes, once all the required documents are uploaded.
ITRADER.COM allows you to trade in a very wide range of assets, including individual stocks, commodities, gold and oil, currencies, indices and stocks. Many instruments are offered for trading as CFDs.
Contracts for Difference (CFDs) give traders all the benefits of owning a specific position without physically owning the underlying instrument itself, allowing clients to trade price movements across multiple commodity and equity markets using leverage.
ITRADER.COM provides interest-free trading with absolutely zero rates - and also has fairly competitive spreads that go as high as 0.7 pips in EUR / USD for platinum account holders. To give you an idea of the differences between the different types of accounts: the lowest spread in the EUR / USD currency pair for a Silver account holder is 2.2 pips.
Leverage up to 1: 500 is available for Forex, 1: 125 for commodities and indices and 1:50 for individual stocks - this means that an account with $ 5,000 can open a position of $ 250,000 on a single stock.
A demo account is available for new traders or any other trader who wants to practice new trading strategies before moving on to a live account.
The main trading platforms are Metatrader 4 and Webtrader.
ITRADER.COM offers 30 European stocks available for trading, as well as 50 North American stocks. There is also a wide range of products on offer, including corn, cocoa and orange juice.
Education / Training
ITRADER.COM has an extensive educational offer for its clients. Several e-books can be downloaded.
The website provides tutorials on how to use the Metatrader 4 platform on PC and mobile interfaces, as well as a wide range of written materials about Forex.
Bonuses and promotions
ITRADER.COM does not offer bonuses or promotions. This can be interpreted as a sign that the company is more interested in a strategy to attract customers with good service.
Ways of payment
You can deposit money using VISA, Mastercard or bank transfer.
Withdrawals are made via bank transfer.
FAQ - BROKER QUESTIONS ITRADER
- Do trader reviews affect the rating of ITRADER?
- How to leave a review about ITRADER on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker ITRADER be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. ITRADER received a rating of 1 out of 5 on our resource.
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