ITRADER brand name operated by Hoch Capital Ltd. a Cyprus Investment Firm regulated by the Cyprus Securities Exchange Commission (CySEC) under the license number 198/13 is offering Forex services to its clients since 2015. We check their website and it look nice but can trading with it be hustle-free and reliable? ForexNewsNow.com is going to make this crystal-clear for you!
ITRADER Opinions: Trading Accounts & Conditions
To start out at ITRADER, you can choose one of 5 the suggested accounts:
- Silver Account
- Gold Account
- Platinum Account
- Islamic Account
ITRADER gives its clients possibility to trade CFDs on Forex, Indices, Commodities, Shares and Cryptocurrencies, that gives approximately an access to 50+ Forex pairs, 90 + stock, commodities, indices and cryptocurrencies. It is vital to admit in this ITRADER review that trading is done via MetaTrader 4 trading platform. It can be launched as a program installed on PC, opened in the browser or available on mobile devices. As for the leverage allowed, you can see it on the screen below:
Furthermore, ITRADER broker offers floating spreads for all real account types. There is nothing bad in floating spreads and most of the time they will be lower that fixed spreads offered by other Forex brokers. The size of the spread is determined by the trading account type, i.e. Platinum has the tightest ones (0.7 pip for EUR/USD).
The Islamic account, also known as swap-free, is designed especially for Muslim clients who follow the rules of Sharia law. In a trading context this means no hidden commissions, no overnight/rollover fees. Since such account are not made for non-muslim clients, the Islamic account is not accessible at the account registration stage. You will have to open real account and contact support in order to get this type of account.
ITRADER Reviews: Customer Support & Education
The customer support can be reached via live chat, email, fax and phone. The agents are active during market hours, 24/5.
As for trading education, iTRADER is pretty awesome. It offers an extensive scope of video courses, articles and MT4 tutorials. ITRADER Forex broker offers trading e-books as well.
In order to fund the account, the trader can use credit/debit cards, several e wallets and wire transfers. The minimum amount for deposit is $250. The same transfer methods are used for funds withdrawals. The time to process the withdrawal request: Until 11:00am GMT (eleven o’clock) on working days: All withdrawals submitted on or before this time will be processed on the same business day.
After 11:00am GMT (eleven o’clock) on working days: Withdrawal requests submitted after this time will be processed the following business day.
Weekends/Holidays: Requests that are submitted on the weekends or holidays will be handled on the first business following the request. For example, requests submitted on a Saturday will be processed on Monday.
ITRADER Review Conclusion
This broker offers good choice of platforms as well as awesome choice of trading accounts. Additionally, it has very useful educational section, which is vital for beginners. We recommend you to start trading with ITRADER Forex broker.