iTrader Review 2019

Regulated By:CySEC

Foundation Year:2016

Headquarters:Cyprus

Min Deposit:$250

Open Account

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89,9% of retail investors lose money when trading CFDs with this provider. You should consider if you understand how CFDs work and if you can afford the great risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89,9% of retail investors lose money when trading CFDs with this provider. You should consider if you understand how CFDs work and if you can afford the great risk of losing your money.

  • One Click Trading: Placing trades are fast, easy and efficient using a single click.
  • Programming and use of Expert Advisors: The MQL4 editor enables clients to create, test and use forex robots. This automates forex trading and places trades when an opportunity for trading arises.

  • Access to Help: There are multiple sources of help. There are training videos, articles and Metaquotes forum where clients can get help. There is also a market where clients can buy forex robot and other valuables.

Some other tools provided are:

  • VPS service is provided free of charge to only Platinum account holders.
  • Economic Calendar

  • Forex Calculators: 3 calculators are provided. They are Pivot calculator, Fibonacci calculator and Deal Size Calculator.

Spreads

“With a spread of 0.7 pips, trading on ITRADER will not cost you too much. Choose from some of the lowest spreads in the forex market when you trade FX majors and minors on ITRADER.”

The table below shows the spread obtainable when you trade with ITRADER. This is the lowest spread obtainable. The spread differs according to account type opened by the trader.

Symbol Spread (As low as) STOCKS Spread
(As low as)
EUR/USD 0.7 3M 0.21
GBP/USD 1.3 AIG 0.21
USD/JPY 0.8 Alibaba 0.21
AUD/USD 1.1 Alcoa 0.21
EUR/CHF 1.9 Apple 0.21
EUR/GBP 0.9 Amazon 0.21
NZD/USD 1.4 American Express 0.21
EUR/JPY 1.1 AT&T 0.21
USD/CAD 1.2 Baidu 0.21
USD/CHF 0.9 Berkshire Hathaway 0.21
AUD/CAD 3.9 Bank of America 0.21
AUD/CHF 4 Boeing 0.21
AUD/JPY 3.6 Caterpillar 0.21
AUD/NZD 4.4 Chevron 0.21
CAD/CHF 4 China Mobile 0.21
CAD/JPY 3.6 Coca-Cola 0.21
CHF/JPY 4.3 Cisco 0.21
EUR/AUD 4.3 Citigroup 0.21
EUR/CAD 4 Walt Disney 0.21
EUR/NZD 5.4 eBay 0.21
GBP/AUD 5.1 Exxon Mobil 0.21
GBP/CAD 5.2 Facebook 0.21
GBP/CHF 5.4 Ferrari 0.21
GBP/JPY 3.7 General Electric 0.21
GBP/NZD 6.7 General Motors 0.21
NZD/CAD 4.4 Goldman Sachs 0.21
NZD/CHF 4.2 GoPro 0.21
NZD/JPY 4 Google 0.21
USD/HKD 7.6 Hewlett – Packard 0.21
USD/SGD 8.1 IBM 0.21
EUR/DKK 8.1 Intel 0.21
EUR/HUF 17.6 Johnson & Johnson 0.21
EUR/NOK 25.4 JP Morgan Chase 0.21
EUR/PLN 19.5 King 0.21
EUR/SEK 25.9 McDonald’s 0.21
EUR/TRY 18.8 Morgan Stanley 0.21
USD/DKK 11.9 Microsoft 0.21
USD/HUF 17.8 Nokia 0.21
USD/MXN 17.2 PfizeR 0.21
USD/NOK 32 Procter & Gamble 0.21
USD/PLN 15.4 Potash 0.21
USD/RUB 16.7 Sony 0.21
USD/SEK 31.3 Tesla Motors 0.21
USD/TRY 13.2 Teva 0.21
USD/ZAR 46.7 Toyota 0.21
GBP/ILS 55.1 Twitter 0.21
EUR/ILS 47.6 UBS 0.21
USD/ILS 37.5 Wal-Mart 0.21
INDICES Verizon 0.21
DOW 30 1.45 Yahoo 0.21
NASDAQ 100 0.9
SP 500 0.8
CAC 40 1.45
DAX 30 1
FTSE 100 1
Nikkei 225 5.95
ASX 200 1.3
Euro Stox 50 1.3
IBEX 35 2.3
MIB 40 5.3
China Enterprise 40 1.3
Hong Kong 50 3.3
South Africa 40 5.8
India 50 0.55
Volatility Index 0.32
US Dollar Index 0.32

*All data was taken from the broker’s website and was accurate at time of posting

Bonus & Promotions

“ITRADER offers no promotions or bonuses in keeping with CySEC regulations”.

ITRADER does not provide any bonuses. No promotions or contests were found. This is not surprising, given that these are now prohibited in the EU as a result of the new ESMA regulations passed in 2018.

Customer 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”.

Customer support is available in selected languages.

  • Phone Support: Multilingual customer support. The CY phone support line is +357 77788511.
  • Email: For all enquiries: send emails to: Support@itrader.com or Docs@itrader.com.
  • Live chat: Web Chat facility is available on the website.
  • “Get in Touch” Form: This is available on the website and it goes directly to customer support and sales representatives.
  • Social media: Facebook.com/iTrader.COM; Instagram.com/iTrader_com.

It took less than two minutes for the customer care representative to pick up the phone. The reps are courteous and knowledgeable.

The web chat facility is not functional as at the time of this review. It only pops up a “contact us” form. After filling the form, it submits and nothing happens.

The social media channels are active and also available for support. Email response takes a few hours.

Research

“Some research and chart analysis is provided by ITRADER, but this is limited in scope”.

Daily and Weekly Market summaries are provided on ITRADER.

Chart analysis is offered in the form of explanatory short videos, where experts do some explanation of chart studies for beginners and intermediate-level traders. These videos are posted every business day and they feature some selected trading instruments.

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.”

These materials come in the form of the following:

EBooks: 4 eBooks are available: They are:

  • Forex eBook
  • Advanced eBook
  • Commodities and Futures eBook
  • CFDs and Stock eBooks.

Video on Demand (VOD): About 28 training Videos are provided. They are organized as Beginners, Advanced, Terms, Strategies and MT4. These videos are clear, short and precise. They are professionally made and presented.

Another set of videos is grouped into two. These are the ‘Beginners’ Course” and another on ‘Trading Tools’. There are 11 videos in total.

Also, there are MT4 desktop platform tutorial and MT4 mobile tutorials. A glossary of relevant trading terms is featured. The glossary is well arranged in alphabetical order with clickable Letters.

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.”

The MT4 platform seems to be well accepted among traders If you look online. Several reviewers gave ITRADER positive reviews. Their proprietary mobile trading app is available on Google playstore for android and apple store for iPhones. Most of the mobile platform reviewers on these stores gave good ratings. They affirm that the app is simple, convenient and easy to use.

FAQ

Where is ITRADER based?

ITRADER operates from the Republic of Cyprus and is regulated by CySEC.

 

How do I deposit in ITRADER account?

You can deposit funds using credit/debit cards (VISA, MasterCard,), e-wallet payment gateways like Skrill and Neteller. Bank Wire Transfer is equally acceptable.

What is the min. deposit for ITRADER?

The minimum deposit acceptable is $250

What is the max leverage in ITRADER ?

Maximum leverage is 1:500, it is only available for Platinum account holders and only applicable to professional clients.

How do I open an account with ITRADER?

Just fill the online form found on the right hand corner of the menu bar.

Does ITRADER use MetaTrader?

Yes, ITRADER offers the popular MT4 trading platform.

Conclusion

“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.“

ITRADER is an online brokerage brand that offers multiple trading instruments. The brand is regulated and complies with the regulatory rules. Traders’ funds are secured by their strict security practice which includes KYC, Website encryption and clients’ funds segregation. Trader education is provided with well recorded, edited and professionally presented videos. Ebooks are equally available.

However, a major drawback is that only the MT4 trading platform is offered. The brand has however, done well to develop a proprietary mobile app which has been rated highly by most of its users. ITRADER is a an emerging brand which may be ok for beginners, but needs to keep working on its brand offering to be able to capture the market share from existing brands in the FX market.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89,9% of retail investors lose money when trading CFDs with this provider. You should consider if you understand how CFDs work and if you can afford the great risk of losing your money.

Top User Reviews

See All User Reviews
4.5(77)
iTrader Overall Rating
FX Empire adheres to strict standards of user reviews editorial guidelines to help you make decisions with confidence.
Rate iTrader
Latest 5 user reviews sorted by highest rating
E
Ernie Bates
5/5
Reliability:
5/5
Platforms:
5.0
Assets:
5.0
Support:
5.0
pretty cool

Itrader seems nice as well as professional broker. I noticed that ricks are minimal comparing to other brokers I traded with. There are many gainful assets. Now I gain good extra income thanks to Itrader.

K
Katrina Pow
5/5
Reliability:
4/5
Platforms:
5.0
Assets:
5.0
Support:
5.0

The company does good job. Itrader workers treat its clients well and know how to help. They provided me with education, so i could learn the market and work out my own trading strategy. Now my investments thrive and I have nice extra income

D
Drew Vance
5/5
Reliability:
5/5
Platforms:
4.0
Assets:
4.0
Support:
4.0
Drew Vance

Based on my experience, ITrader is profitable platform. I trade on crypto and i'm satisfied with my extra income. Due to my trading hobby I could afford to move to another country. I've been trading on this platform for three years and have no complaints.

D
Danny Parker
5/5
Reliability:
5/5
Platforms:
5.0
Assets:
5.0
Support:
5.0

Itrader is credible for me. I work with this broker since i started my trading career, i'm not professional, but i'm very experienced. So, itrader provides a lot of tools, useful interface, qualified as well as just nice workers. This broker treats its clients well and just let you have profitable results. Highly reccomend!

N
Nathan B.
5/5
Reliability:
5/5
Platforms:
5.0
Assets:
4.0
I can recommend it

Very efficient platform, as for me. Itrader has convenient support service working hours, usuful android interface, ability to get good income. It's not my main job, but even it gives me nice profit, almost half of my salary

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89,9% of retail investors lose money when trading CFDs with this provider. You should consider if you understand how CFDs work and if you can afford the great risk of losing your money.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89,9% of retail investors lose money when trading CFDs with this provider. You should consider if you understand how CFDs work and if you can afford the great risk of losing your money.
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iTrader

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89,9% of retail investors lose money when trading CFDs with this provider. You should consider if you understand how CFDs work and if you can afford the great risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89,9% of retail investors lose money when trading CFDs with this provider. You should consider if you understand how CFDs work and if you can afford the great risk of losing your money.