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Title

ITRADER Broker Review

Review By: Max Webster Review Updated: October 21, 2019

Address: Griva Digeni & Kolonaklou, 125 Grosvenor Tower 3107 Limassol Cyprus

Phone: 800 40015002

Forex Stocks CFD Crypto Commodities

Spread

0.7

Max. Leverage

1:500 Pro

Deposit Protection

$20,000

Min. Deposit

$250

Spread

0.85

Max. Leverage

1:5

Deposit Protection

$20,000

Min. Deposit

$250

Spread

0.7

Deposit Protection

$20,000

Min. Deposit

$250

Max. Leverage

1:1

Deposit Protection

$20,000

Min. Deposit

$250

Spread

0.16

Max. Leverage

1:1

Deposit Protection

$20,000

Min. Deposit

$250

Our Overall Rating

Rating 4.1
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ITRADER is an international online broker, offering Forex, CFDs, and other instruments. A financial services brand operated by Hoch Capital Ltd, ITRADER is based in Cyprus and is fully authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker is one of the largest markets in the world in terms of transaction volume and trading currency pairs, while also offering CFDs on Commodities and Indices. There are a range of account types on offer, and the company is also able to offer Islamic accounts.

itrader broker review

Commissions & Fees

Rating

Like many online brokers, ITRADER generally takes its fees from the spreads, which will depend on the type of account you open. Spreads are not fixed, so always check current spreads for your account type, which are displayed on the website. There is also a financing/rollover fee, which is charged daily on the spot for Forex and CFD transactions that are not closed out by the client by 9:00 pm GMT on the same business day. Additionally, there is a monthly administrative fee on inactive accounts, which is charged after just two months of inactivity, and increases over time if the account remains dormant.

itrader spreads

 

Platforms & Tools

Rating

Clients can benefit from the ever-popular MetaTrader software, which is available at ITRADER, in various versions. The browser-based WebTrader platform is available without the need for additional downloads and installation, or clients can download the desktop version of MT4 if that suits them better. ITRADER’s MT4 mobile apps are also available free for both iOS and Android devices to make trading on the go easier. The platforms are intuitive, and easy to navigate, with all the usual integrations, plugins, charts and trading tools MT4 traders expect.

 

 

Customer Service

Rating

Customer support is available Monday to Friday, from 6:00 am to 7:00 pm GMT. Support staff are contactable by phone, email or via a contact form on the website.

itrader.com contacts

The company also runs social media accounts on Facebook, Twitter, and Instagram, offering an extra convenient way to get in contact. ITRADER does not currently offer live chat, which is disappointing, considering how popular it is with many clients. Support staff respond quickly, during business hours, and are knowledgeable and polite. There is also a lot of information for new and potential customers on the site, all conveniently linked from the footer of the home page, plus an extensive education section and FAQ page.

 

 

Research

Rating

itrader.com education tools

Ease of Use

Rating

Mobile Trading

Rating

Regulatory details

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84,16 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Final Thoughts

itrader certification

ITRADER is a well-regarded, fully regulated, online broker with competitive spreads and a wide range of tradable instruments. There are a few ‘hidden’ fees, such as the quite steep inactivity fee, which is applied after just two months, so that is something to be aware of. ITRADER offer a few different account types to cater to different traders with different investing needs. And their education system and FAQ section make it very easy for new clients to get started quickly and easily. We also noted that ITRADER is not available in some countries. It is, however, easy to see why this broker has become so popular across Europe, and within the other countries that it serves.

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Ratings

Rating
  • Commissions & Fees Rating
  • Platforms & Tools Rating
  • Customer Service Rating
  • Research Rating
  • Ease of Use Rating
  • Mobile Trading Rating

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