ITRADER Review

ITRADER Review

Forex, Metals, Energies, Soft Commodities, Indices, Cryptocurrencies & Stocks

  • CySEC regulated ✔
  • EUR/USD spreads from 0.7
  • Cryptocurrency CFDs
  • Premium accounts
  • $250 minimum deposit
  • No commissions charged
  • Islamic accounts available
  • MT4 provided
MT4 Trading • ITRADER

ITRADER Review

ITRADER is a CySEC regulated broker offering trading in a range of markets, which was founded in 2012. ITRADER provides MT4, a web trader and mobile apps. This broker can provide decreasing spreads for higher account types.

Account opening and minimum deposit

FXTM can open accounts for residents of many countries and regions around the world but not for residents of Algeria, American Samoa, Australia, Belgium, Bosnia and Herzegovina, Canada, Congo, Ecuador, Guyana, Iran, Iraq, Israel, Japan, Laos, Marshall Islands, Myanmar, North Korea, Pakistan, Papua New Guinea, Puerto Rico, Syria, Turkey, U.S. Minor Islands, Uganda, United States, US Virgin Islands, Vanuatu, Yemen, Yugoslavia and New Zealand.

Account currencies are USD, GBP and EUR and the minimum deposit is $250.

Demo account

ITRADER provides a $50,000 demo trading account for free which can be opened here: ITRADER demo account.

Account services

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.

ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars, provides hedging and offers daily markets reviews: find out more, 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. Hedging is allowed for all account types.

Islamic accounts

A Swap Free account is available on request.

Platform

ITRADER provides MT4 for desktop, tablet and mobile as well as a webtrader.

Markets

There are over 200 available, covering Forex pairs, Indices, Energy, Soft Commodities, Metals, Cryptocurrencies and Stocks, including over 45 Forex pairs. The Metals available are Gold, Silver, Copper, Platinum and Palladium.

Cryptocurrency CFDs

ITRADER offers Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Ripple, Dashcoin and Monero. The trader does not own the cryptocurrency and thus does not need a wallet, find out more.

Commissions

ITRADER does not charge commissions.

Minimum trade size

The minimum trade size is 0.01 lots (micro lots).

Spreads and leverage

Spreads at ITRADER are variable and can be different depending on the type of the account.

  • The lowest spread is 0.7 for EUR/USD on the Platinum account. The Platinum spread for UK100 is as low as 1, the Platinum spread for Gold is as low as 0.37 and the Platinum spread for US Crude Oil is as low as 0.03.
  • On the Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. For the Gold account, EUR/USD spreads are from 1.3, UK100 from 1.5, Gold from 0.48 and US Crude Oil from 0.05.

Maximum leverage is .

Funding

ITRADER does not charge for deposits or withdrawals. Accounts can be funded or withdrawn from in the Client Area. Accounts can be funded by credit and debit card and bank transfer.

Regulation

ITRADER is owned by Hoch Capital Ltd. Hoch Capital Ltd is a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission, license number 198/13 and address: 5 Christaki Kranou, Germasoya, 4047 Limassol, Cyprus.

Summary

ITRADER provides a range of services for all account holders and provides more select services for those who deposit more. It also offers spreads which can get lower for higher deposit account types, down to a low of 0.4 for EUR/USD. For Premium accounts, it provides tight competitive commission free trading. Spreads can be higher for the accounts with lower deposit requirements. It provides a competitive range of markets. There are CFD brokers who offer a larger number, but this because the offering of Shares is less than at these brokers.

Positives and negatives

  • This broker is CySEC regulated and provides a range of markets to trade
  • It does not offer a large total number of markets, relative to some other brokers who offer a larger number of Share CFDs, but the range of markets within each type can be relatively extensive
  • ITRADER can offer very competitive spreads but for higher account types
  • It provides MT4 trading, but does not provide a custom trading platform
  • ITRADER does provide a range of account types, including personalised services and a free VPS a Platinum account.

This broker provides the tools to trade, covering a range of markets (including a relatively wide range of Cryptocurrency CFDs) and for those who want to deposit more, provides a stronger offering in terms of features and spreads.