ITRADER vs USGFX Comparison

Compare ITRADER vs USGFX

ITRADER vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4200+CySEC
$100MT4, MT560+ASIC

ITRADER vs USGFX Comparison

ITRADER and USGFX are both MT4 brokers. Neither charges commissions for trading Forex. USGFX also provides MT5. ITRADER can offer more markets to trade than USGFX. Both brokers have variable spreads, which can be lower with account types requiring a higher minimum deposit.

ITRADER is regulated by the CySEC in Cyprus. USGFX is regulated by the ASIC in Australia.

Quick comparison

Both offer MT4, USGFX also has MT5. ITRADER provides more markets while USGFX is an STP/ECN broker.

Minimum deposit and account types

The minimum deposit for ITRADER is $250. The minimum deposit for USGFX is $100.

  • ITRADER provides three CFD trading 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. An Islamic account is available on request.
  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • ITRADER offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 200+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Metals, with 60+ available.

Cryptocurrency CFDs

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

Spreads and leverage

ITRADER provides Forex spreads from 0.7. USGFX offers Forex spreads from 1.3.

The maximum leverage for ITRADER is . Maximum leverage for USGFX is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • ITRADER does not charge commissions.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Online trading platforms

Both brokers offer MT4. USGFX provides as well MT5.

Why ITRADER or USGFX ?

Traders who want to trade on MT4 may do so at either broker. Those who wish to trade on MT5 can find this platform at USGFX. ITRADER can offer more markets to trade.

Comparison summary

  • Both have CFD trading
  • Each offers MT4
  • USGFX also provides MT5
  • Neither charges commissions for trading Forex
  • Each can offer lower spreads with account types requiring a higher minimum deposit
  • ITRADER has more markets to trade

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