At ITRADER, there are MT4 itrader review versions for desktop, browser, and Mac, but that still does not solver the need of traders accustomed to other software. The company does provide coverage for CFDs on forex, indices, commodities, shares, and cryptocurrencies, but we don’t manage to understand some of the trading features. Gold and Platinum account holders receive swap discounts of 25% or 50%, respectively. But how the company is able to give back that amount is not described on the official website. The broker does not have an awful l0t of trading systems connected, yet it does have a solid choice of the top-up methods.
What is the difference between a demo and a live trading account?
In some cases, the credit card company sets a limit on the amount of time that can pass for issuing a refund. Where this time frame lapses, the funds will be returned to the client via bank wire. As for the trading costs, iTrader does not charge the commission, instead, all executions are subject to the variable spread, that varies according to the account too, see a comparison between accounts below. In addition, the platinum account holders also can enjoy Free VPS, Dedicated Account Manager, News Alerts and discount on Swap or rollover rates, see example below.
Experienced a very smooth transition
These can be technical in nature, using resources such as charting tools. A secure trading environment is best delivered through brokers who are authorized by reputable regulatory bodies, which ensure that client funds are protected and subject brokers to regular audits for guaranteed transparency. Many Forex brokers offer various bonuses as an incentive for new traders to sign up with them.
- The ITRADER.com Education Center provides access to webinars, eBooks, V.O.D., courses, tutorials, and various news articles, among others.
- For example, Silver, Gold and Platinum accounts can enjoy spreads of 2.2 pips, 1.3 pips and 0.7 pips, respectively for the EUR/USD currency pair.
- ITrader is a regulated forex and CFDs broker run by Hoch Capital Ltd and it is located on Cyprus, where it also obtained its licence with the country’s regulating body CySEC.
- The best part about ITRADER is that it does not charge any commission on the deposits as well as withdrawals.
You may ask if this is simply an ITrader scam; however, the firm is registered with CySEC and has built a good reputation for supplying top financial trading options to a wide number of investors round the globe. Also, I am sorry for hearing the news how others have been scammed and lost hard earned money to these.Interestingly, I got a pop up and started reading about it. Learning from past mistakes I thought of googling this company and got alerted. As informed by other fellow mates,in not time I got a call for a so called humble agent who was pretty polite introducing him to me.
About the Support Methods
- Our review will focus on the trading platforms provided by ITRADER, given the importance it will play in each trader’s daily experience.
- If you are a newbie who thinks that interface for trading should be “nice” then MetaTrader4 is not for you.
- However, education is not only strong side, trading itself is also well organized and if you know how to opperate within the market, you will achieve success.
- This site is not intended for use in jurisdictions where the trading or investments described are prohibited and should only be used by such persons and in such ways as legally permitted.
- Among the services provided, news alerts (which are provided by MetaQuotes, not ITRADER), free VPS, dedicated account manager, webinars $videos, hedging, and swap discounts are a few of them.
- Their agents/brokers make false promises that you can earn lots of money within a short period of time.
Like most brokers, iTrader offers a virtual private server (VPS) that you can use for hosting your MT4 EAs, providing extra protection when trading forex. This is a versatile, modern, and effective trading platform that should really remove all of the stress from trading for beginners. It has some great features and enough variety in trading platforms, which is a big plus. ITRADER.COM provides 30 European shares and 50 North American stocks for trading.
Subscribe To Trading Secrets
The company behind the brand, Hoch Capital Limited, which acts as market maker in relation to transactions, is a Cyprus Investment Firm that is licensed by Cyprus Securities and Exchange Commission (CySEC). No, ITRADER is positioned toward more experienced traders as its initial minimum deposit is fairly high and it does not offer as many educational tools as other brokers. Transactions in this market are always between a pair of two different currencies, so forex traders either buy or sell the particular pair they want to trade. Forex brokers may also be referred to as retail forex brokers, or currency trading brokers.
Withdrawals and Deposits
After the call i still felt unsure and tried to figure out how to get a refund/withdrawal……… I have emailed their support team on three occasions so far, and have had no response. My £200 has disappeared from my bank account and from the Itrader on screen account….. I will have to get advice and hope that if they read their reviews/feedback, someone within their company will email me/please sort this out and give me my money back, like others i’m on minimal wage too. Retail currency traders use these brokers to gain access to the 24-hour currency market for purposes of speculation. Forex broker services are also provided for institutional clients by larger firms such as investment banks. This comprehensive approach not only optimizes data handling but also fosters a more collaborative and efficient work environment.
iTrader Broker Review 2021
This is the same platform that countless other online forex and CFD brokers use. ITrader offers the major trading platforms MetaTrader 4 and WebTrader, in addition to Mobile Trader. Beginner and experienced traders alike regard the MetaTrader platform as the industry standard. ITRADER has a highly advanced platform, and hence, it provides an interesting and extensive trading experience to traders from across the world. It offers the MetaTrader4 (MT4) platform that has been developed by MetaQuotes Software Corporation.
A trading platform is in essence the software supported by a particular broker in order to execute trades on the Forex market. Deciding on the right platform is also an important aspect of selecting a suitable broker. Forex brokers are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies.
For an industry that is often slated for being too tardy when it comes to withdrawal speeds, that should give you plenty of peace of mind when using this platform. ITRADER.COM provides traders with a wide range of assets including individual stocks, commodities, gold, oil, forex, indices and shares. As with currency exchange markets, commodity markets offer different investment opportunities for traders.
Automation in the trading industry continues to advance, but it does not seem ITRADER managed to make any advancement when it comes to upgrading the platform. We get a lot of threats from fraudulent brokers who don’t want us to tell the truth. Itrader is a completely secure and reliable broker that operates under the European rules governing the trading market. It also complies with all the requirements of the regulatory bodies in which it is registered. It will also offer you numerous management tools and trading strategies to make your experience comfortable. With access to useful charts, market alerts, calculators and market summaries.