In Europe, traders’ funds are further protected by membership of the Investor’s Compensation Fund of CySEC. This ensures that investor’s funds are protected if the broker becomes insolvent. Traders can get up to €20,000 if it is proven that the trader lost money due to the broker’s inadequacies.
ITRADER provides adequate security to traders’ investment in the following ways:
To ensure adequate security, ITRADER embarked on full implementation of modern security practices. They used sophisticated firewalls to protect their entire network. This will make it very difficult for cyber criminals to crack into the system.
They also ensured that the website and trading platforms are protected using a Secured Socket Layer (SSL) encryption provided by Comodo CA. This SSL makes sure that all data transmitted to and from the website and platforms are all encrypted. Furthermore, all the trading servers are from SAS 70 certified server centres.
Funds deposited by Clients are kept in different bank accounts from that of ITRADER. This is done in strict compliance to the regulatory stipulation. So, if in the future ITRADER runs into financial difficulty, trader funds will not be affected.
“ITRADER offers for CFD trading various assets, mainly FX pairs, stocks, commodities, indices and cryptos listed below.”
“There are a variety of account types available. Choose from the Silver, Gold or Platinum Accounts, and trade with spreads of 0.7, 1.3 and 2.2 on the EUR/USD respectively”
Three major account types are provided on the ITRADER brand. They are as follows:
For this account, the maximum leverage is 1:200* for forex majors, no dedicated account manager. Webinars and videos are also not available. The spread on the EUR/USD is 2.2pips. No discounts are given on swaps. Hedging with the Silver account is permitted. 24/5 customer support. Same day withdrawal process.
This account features lower spreads when compared to the Silver account. The EURUSD benchmark spread is 1.3 pips. The maximum leverage is 1:400* for forex majors. Account holders get a dedicated Account manager and also have access to webinars and videos. A swap discount fee of 25% is given to Gold account holders. Hedging is permitted. Same day withdrawal process.
This is the premium account offered by ITRADER. This account gets the lowest spread as the EURUSD spread is 0.7 pips. Account holders get access to news alerts and a free VPS. They also have a swap fee discount of 50%. The maximum leverage is 1:500* for forex majors. Hedging is permitted. Same day withdrawal process.
This account is available for muslims who are forbidden to operate accounts with overnight interests and commissions. It is available for the Silver, Gold and Platinum Account types.
This is available for all traders as a practice account. Unfortunately, it is only available for 14 days. Up to $100,000 is available in virtual currency for trading on the platforms.
All account types on ITRADER come with a minimum deposit requirement of 250 units of either USD, Euros or British Pounds.
*Given leverages are available to professional clients only
To open an account is very easy. Just click on “open account” on the right side of the menu bar. Fill the account opening form and you will get the login credentials via the registered email address.