ITRADER Forex Review – Not Verified Broker

  • Regulation: IFSC
  • Minimum Deposit: $250
  • Max Leverage: 1:500
  • Not Verified!

ITRADER is a leading brand in the forex brokerage market and was founded in the year 2012. In 2013, the firm was licenced with the Cyprus Securities and Exchange Commission (CySEC) and also got all the necessary passports across Europe under the MiFID regulation. In 2020 they’ve lost that license. ITRADER is operated by Bayline Trading Limited, which is regulated by International Financial Services Commission (IFSC).

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. ITRADER is also known for providing the forex traders from across the world access to 172 instruments that can be traded. These include 47 currency pairs, commodities, 260 CFDs on indices, single-share CFDs across the States, Australia as well as European exchanges.

Trading Platforms and Features

The trading platforms by ITRADER are fulfilled by the popular MetaTrader 4 platform. These are available in three different forms, namely, WebTrader, MetaTrader 4, and Mobile App.

  • WebTrader – This a web-based trading platform that is available for the traders at all times and places. All they need is a good internet connection and a browser, and they can access the platform. The main feature of this platform is live analysis and charts. The traders also get trading cubes that add a lot of convenience and help them analyse trends graphically. Also, the users get unlimited and free usage demo account that is active for 14 days. The platform also facilitates one-click trading as well as social trading integration. This helps the users in checking out the trades of other popular traders on the platform.
  • MetaTrader 4 – it is certainly the most popular trading software known worldwide. This software can be downloaded with ease by both Windows as well as Mac users. The functionality of the software is the same as that of WebTrader. However, since it is a stand-alone software, it offers more indicators as well as charting tools.
  • Mobile App – The mobile application is a convenient way of trading using a mobile phone, thus, adding great convenience. The mobile application is compatible with Android and iOS devices. The features provided by the mobile application are exactly the same as the web-based version of ITRADER’s platform.

A Look Over the Promotions at the Website

ITRADER Forex broker homepageITRADER does not really offer any bonuses or promotions. The firm believes in getting genuine traders as users rather than settling for gimmicks to attract more traders. The users on the platform do get to take advantage of the swap discount that ITRADER provides. In addition to that, the forex trader also provides free VPS, news alerts, and webinars or videos.

There are three main types of accounts available on the platform, name, silver, gold, and platinum accounts.

Deposits and Withdrawals

The best part about ITRADER is that it does not charge any commission on the deposits as well as withdrawals. The minimum withdrawal amount for the traders is $100 for every request that is made. However, it is essential that the clients complete all the verification procedures before they can place a request for withdrawal.

The following payment methods are accepted on the ITRADER platform:

  • Credit/debit cards: The platform accepts only VISA as well as MasterCards. The minimum amount is $/€/£ 250. Also, both deposits, as well as withdrawals, are processed within a working day itself.
  • Bank wire transfer: The clients can make use of this medium for both deposits as well as withdrawals. The request for this method, too, takes only one working day for processing.
  • E-wallet methods: This method also needs only one day for processing and can be utilized for both deposits as well as withdrawals. The payments made from sources that bear the same name as that of the trader are accepted by ITRADER, while those that are made otherwise are rejected. Also, the forex broker accepts the same method for both deposits as well as withdrawal. For utilizing any of the payment methods, proper verification is a must.

Regulation Information

The headquarters of ITRADER is in Cyprus. The headquarters was regulated by the Cyprus Securities and Exchange Commission (CySEC) til 2020. The license number of ITRADER was 198/13. The forex broker had to submit its financial reports periodically to CySEC for detailed review. The accounts of the clients were checked for and regulated on a daily basis. But that’s already in the past, they don’t have that license anymore.

About the Support Methods

The support facilities provided on ITRADER are excellent. This is because the main aim of the forex broker is to provide a top-class trading experience to its clients. Therefore, for any clients who happen to encounter any issue on its platform can check out the different support features of the site.

There is a detailed page with Frequently Asked Questions (FAQs) with answers to almost all possible issues that the traders can encounter. If the traders still wish to get some queries answered, they can get in touch with the support team that is multilingual and is available at all times. That is, the customer executives at ITRADER are available 24/7 over the phone, live chat as well as email service.

  • Company: Hoch Capital Ltd
  • Headquarter: Cyprus
  • Founded: 2012
  • Telephone: +357 77788511
  • Email: support@itrader.com

The support team of the ITRADER is excellent and highly professional. The executives are knowledgeable, experienced, and responsive towards the concerns of existing as well as newly registered traders. With their highly reliable and trusted customer support, you can be sure to get assistance until you are completely satisfied.

The details for customer support facilities are as follows:
Phone: +357 77788511
Email: support@itrader.com OR docs@itrader.com

Also, there is a ‘Get in Touch’ form available on the site which the clients can submit, and the team will respond at the earliest with appropriate solutions for the queries.

Conclusion

ITRADER is one of the best forex brokers out there in the industry today. It has a fantastic platform with great features on offer and convenient payment modes. Also, the support team of the forex broker is known for its excellent services. The traders can simply opt for a favourable mode of accessing the ITRADER platform and trade conveniently. So, what are you waiting for? Start trading and earning profits on ITRADER today!