iTrader Review 2019 | Is iTrader a Scam or Legit Forex Broker?

Read our iTrader review to find out if iTrader is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.5/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
80% Complete (danger)
4.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
iTrader
iTrader Overview

ITRADER is a forex and CFD brand that founded in 2016 and operates from Cyprus. It is a regulated brokerage brand under CySEC. EU Regulation enables clients of ITRADER to have access to the Investor’s Compensation Fund. The broker offers CFD trading of commodities, currencies, indices and stocks

# Broker's Features ITRADER Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review iTrader.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. iTrader offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Crypto.

Tradable Products: ITRADER offers for CFD trading various assets, mainly FX pairs, stocks, commodities, indices and cryptos listed below.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. iTrader is Dealing Desk.

Features: Choose from several native indicators on the ITRADER MT4, or download and use several resources from the MQL Community website by using the Market Tab in the MT4 Terminal Window.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. iTrader recommended minimum capital is $250.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. iTrader is regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: ITRADER is regulated in the EU by CySEC, and this compels ITRADER to give its customers protection in terms of modern cyber-security technology. ITRADER also offers protection of clients’ funds through segregated accounts and are required to make a performance disclaimer on the website.

Languages Available: Next lets have a look at each broker's different Language options. iTrader offers Arabic, English, German, Italian, Russian, Spanish.

Payment methods: Next lets have a look at each broker's payment options. iTrader offers Credit Card, iDeal, Neteller, Skrill, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: Choose from several payment options on ITRADER, which are available depending on the client’s country of residence. Withdrawals taken 1 business day to process and are commission-free, while also offering fast transaction times on e-wallet methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, iTrader makes MetaTrader 4 available to clients.

Web & Desktop Trading Platforms: You can trade with various versions of the MT4 platform on ITRADER. Trade with the desktop client or the web-based version of the MetaTrader4 platform, with ability to use expert advisors on VPS.
Mobile Trading Platforms: Trade on-the-go across a range of mobile/handheld devices with ITRADER ’s MT4 Mobile Apps. Download the proprietary trading app from ITRADER on the Google Play Store as well as the App Store.

Other

Trader Education
A decent level of education resources is available including a couple of ebooks and VOD. It’s the same content as used by many other brokers.

Promotions
ITRADER offers no promotions or bonuses in keeping with CySEC regulations

Support
Customer support service is available on a 24/5 basis with ITRADER. Customer service is multi-lingual and is especially fast when the Live Chat is used

Recup
ITRADER is a offers multiple trading instruments across CFDs on currency pairs, commodities, shares, indices or cryptocurrencies. The brand is regulated by CySEC in Cyprus and offers a compensation scheme. Traders’ funds are secured by their strict security practice which includes fund segregation.

Final Thoughts
The brand has however, done well to develop a proprietary mobile app which has been rated highly by most of its users. However, a major drawback is that only the MT4 trading platform is offered.

Trading Experience
The overall experience is satisfactory and the experience offers some good trading technology for beginners and more experienced traders. The company got some good reviews online for their trading experience.

People Also Asked

Is iTrader regulated?
Yes, iTrader is regulated by top-tier regulators, CySEC inclusive.
Where is iTrader based?
iTrader is based in N/A
How does iTrader make money?
iTrader charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in iTrader account?
With iTrader you can deposit money via the following means; Credit Card, iDeal, Neteller, Skrill, Wire Transfer.
How do I withdrawal in iTrader account?
iTrader lets you request a withdrawal of funds from your account via the following means; Credit Card, iDeal, Neteller, Skrill, Wire Transfe.
What is the minimum deposit for iTrader?
iTrader has $250 minimum deposit.
What are the available account base currencies with iTrader?
iTrader trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in iTrader?
iTrader has a maximum leverage is 1:500 for professional traders.
How do I open an account with iTrader?
Opening an account with iTrader is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does iTrader use MetaTrader?
iTrader platforms: Yes, iTrader use MetaTrader as well as the following platforms: MetaTrader 4
What type of broker is iTrader?
iTrader appears to be a Dealing Desk broker which offers market access to a variety of traders.
Does iTrader accept US clients?
No
Does iTrader offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with iTrader: You can trade a wide variety of instruments with iTrader: Currencies, Commodities, Indices, Stocks, Crypto