I entered a review of ITrader two months ago in which I stated that i had used Itrader before and that I will use them again in the future. They then contacted me and they have offered me all kinds of help and advise to make my future trading as sucessfull as possible.They did this with no prompting and as a total suprise to me. I cannot speak highly enough of the company and the way in which it deals with its clients.I am looking forward to my future trading sucesses. I can very honestly stand by my 5 star review as I feel that it is well earned.

In some cases, the credit card company sets a limit on the amount of time that can pass for issuing a refund. Where this time frame lapses, the funds will be returned to the client via bank wire. For the funds’ security, the broker operates in full compliance according to the regulations. However, due to a parallel regulation from a European CySEC (Learn about CySEC regulated Legacy FX Broker), you can trust the compliance of a safe trading environment. ITrader operates through two main locations and entities which fall under the particular registrations and regulations. Hoch Capital Ltd is regulated by the Cyprus Securities and Exchange Commission while is governed by necessary regulatory requirements under for the provision of investment services within EEA zone and beyond.

iFX Brokers Holdings Pty Ltd

There is a pungent smell of iTrader’s lack of experience through its account types. When we take a closer look, it’s easy to see that the accounts have different spreads, as we mentioned. There is a minimum deposit of $250 listed, but this isn’t mentioned in the overview of the account types. To find this out, you need to find the Contract Specifications PDF.

• With the advent of the Webtrader platform, investing in financial assets has become much easier and more convenient.
• On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders.
• Nothing about it made us feel confident about its ability to safely and effectively manage clients’ money.
• If this broker goes insolvent, you could regain up to €20,000.

BAD PLATFORM TO STAY AWAY FROM

As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Unfortunately, there is no dedicated research section, which leads us to believe that it’s not something the broker prioritizes for its clients. Given the importance that research plays in creating an effective forex trading strategy, this is a huge let down. ITrader offers an attractive selection of assets, but its lack of experience and care can be seen throughout its services. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners.

The Trustpilot Experience

Your investment may not qualify for investor protection in your country or state of residence, so please conduct your due diligence. This website is free for you to use, but we may receive a commission from the companies we feature on this site. As one can easily see from the ITrader Trustpilot review page. To say that it does not inspire much confidence would be an understatement. The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client’s money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

Brokers By Country

Moreover, the Islamic Account for the traders that follow Sharia rules is available upon request too. Very poor website don’t have proper customer service to help. I asked for account deactivation it’s pending from six months and my money sitting in limbo. Verification can help ensure real people are writing the reviews you read on Trustpilot. ITRADER is a leading international broker licensed to provide financial trading services by the Cyprus Securities Exchange Commission. This site is not intended for use in jurisdictions where the trading or investments described are prohibited and should only be used by such persons and in such ways as legally permitted.

iTrader Platforms 🖥️

It is also regulated by the International Financial Services Commission of Belize . It is also registered with other bodies such as the itrader review FCA in the United Kingdom, BaFin in Germany, CONSOB in Italy and the CNMV in Spain. In other words, it provides protection to its investors so that they can operate safely. If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize.

The broker does not have an awful l0t of trading systems connected, yet it does have a solid choice of the top-up methods. You can use your Visa, Mastercard or pre-paid cards, to top up an account as well as send the funds via a wire transfer. It is, also possible to deposit using popular e-wallets like Skrill or Netteler.

The short conversation ended and it was agreed to call the following day, as previously arranged. After the call i still felt unsure and tried to figure out how to get a refund/withdrawal……… I have emailed their support team on three occasions so far, and have had no response. My £200 has disappeared from my bank account and from the Itrader on screen account…..

In addition, the platinum account holders also can enjoy Free VPS, Dedicated Account Manager, News Alerts and discount on Swap or rollover rates, see example below. Therefore, the exercise of iTrader investment activities and the operation of regulated markets is in accordance with the rules of MiFID in the European Union, which has the right to cross-border services. Their agents/brokers make false promises that you can earn lots of money within a short period of time. I had invested a fairly big amount of money in this company four years ago and am still waiting to get my money back, not to mention the profit.

• It seems that something is off with this and iTrader isn’t being transparent about it.
• God saved me but please please trust these words and dont go ahead on this portal.
• However, the spreads offering are a bit higher than the average industry proposal.
• With proper guidance and adequate tools, almost anyone can become a successful investor.

This broker highlights the need for beginners to understand the ABCs of forex trading. To start, iTrader has an unusually distressing past in the forex industry, and it’s CySEC license was temporarily suspended due to false advertising. The benefit of the MT4 platform is the support offered by the automated trading solutions, but there is a nice price attached to the most effective ones.

We will also outline whether the fees, support, and services provided by iTrader are enough to overcome this lack of regulation. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.