ITRADER FX broker is one of the new brokers that started offering retail FX services. It’s website looks nice and this broker is regulated by CySEC. 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
The owners of all account types receive an access to 50+ Forex pairs, 90 stock CFDs, commodities and major indices. 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 Forex broker offers up to 30,000 USD welcome bonus. This offer is attractive in both, size and terms and conditions, so we advise you to get it when you sign up with ITRADER.
ITRADER Reviews: Customer Support & Education
The customer support can be reached via live chat, email, fax, phone and WhatsApp. 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 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 depends on the account type: minimum 7 days for Silver, 5 for Gold and 3 for Platinum. The documents have to be uploaded as well, which is a must for regulated brokers.
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.