FOREX.com vs ITRADER

FOREX.com vs ITRADER Comparison

FOREX.com vs ITRADER
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, FSC, FSA, CIMA, IIROC, CFTC, CIMA
$250MT4200+CySEC

FOREX.com and ITRADER Comparison

Both of these brokers offer MT4 trading, with a range of markets. Each also offers Cryptocurrency CFDs, however FOREX.com provides these on its Advanced platform and web trader, while ITRADER offers them on MT4.

FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the FSC in Hong Kong, the FSA in Japan, the CIMA in the Cayman Islands, the IIROC in Canada and the CFTC in the United States. ITRADER is regulated by the CySEC in Cyprus.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for ITRADER is $250.

  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.
  • ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. Micro lot trading is offered. An Islamic account is available.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.

Markets

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • On MT4, ITRADER offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 200+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash ABC, Bitcoin Gold, Ethereum Classic, Monero, DASH, Cardano, Bitcoin SV, IOTA, Lisk, NEO, Qtum, Siacoin, Tether, NEM, Stellar, Zcash, Verge, WAVES, TRON and Golem.

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for ITRADER is .

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. ITRADER offers MT4 and an MT4 web trader.

Comparison summary

  • Both brokers offer CFD trading
  • Each has MT4
  • FOREX.com also has two discretionary trading platforms
  • Both offer Cryptocurrency CFDs to trade, not own
  • FOREX.com has a lower minimum deposit
  • Both are regulated

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