Swap discount rates are offered, 25% in Gold accounts and 50% in Platinum accounts; it appears that there is something amiss here and ITRADER has conducted a miserable approach in its transparency when it comes to account types. How those discounts are financed is unmentioned, and if trades are indeed placed, those charges do apply; without further information, this may suggest that all trades are kept in-house and never appear on the open market. Another misstep remains the listing of maximum leverage for professional clients, when the majority of traders if not all, will fall under the retail category. Their website platform is average, their range of trading instruments are ordinary, the language options are only four, and several of its services seem to be average except for its education section.

1. Since services offered by ITRADER are severely limited, it is no surprise that customer support is limited as well.
2. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors.
3. I’m a housewife, so i started trading on ITrader for getting extra money for my family.

You must be diligent and thorough in your Itrader review selection process to safeguard your hard-earned money. It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of Itrader. You must also ensure the Itrader broker’s profile, trading tools, fees and regulation aligns with your needs and goals. This review started with skepticism in regards to the owner of ITRADER, Hoch Capital LTD. Given the transparency when it comes to the documentation provided, there was hope that this broker may be on the right track to offer an alternative for traders to consider. A few bright spots followed, cryptocurrency selection was great, two eBooks were surprisingly in-depth and articles published marked a solid introduction to various aspects of the financial system.

Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss. As part of our Itrader review, we review customer service options, response times and problem resolution effectiveness on the Itrader trading platform. The Itrader trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

If you place multiple orders for the same stock on the same day, same side of the market and same exchange, these trades will not be abridged and you will be charged a separate commission fee for each trade executed. Extended-Hours trades executed through the Scotia iTRADE website are charged the equity commissions set out in the pricing tier + ECN Fee of $0.005 per share. Account openings are conducted through an online application form, which is standard for all online Forex brokers.

Is my money safe with Itrader?

Awareness of these Itrader fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Itrader funds. ITRADER does offer its own research, or at the very least it attempts to do so; the same applies to its academy center where new traders are invited to “Start Learn” if they have access to it. Given the conflicting statements of what account or what type of traders have access to it, it remains unclear.

Opened an account thinking I was…

Itrader provides a demo account that enables individuals to explore trading before investing their funds. By creating a Itrader practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Itrader demo account can help individuals to make informed decisions before investing their money. It’s essential to note that the trading instruments offered under the Itrader brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments.

It goes against our guidelines to offer incentives for reviews. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Realised after the fact but my deposit was returned within a few days in full .

Customer Support

This is a scamcompany, who’s only wants your money, they are ruth and the force you to spent all your money. We have a commitment to transparency and honesty, and strive to build long-term relationships with our traders. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Itrader Trading benefits

After the confirmation, you have to wait for additional 5 to 7 business days for the funds to reflect in your bank account. However, you can expedite the withdrawal processing time by verifying your account in accordance with the company’s guidelines as soon as possible. There may be unlisted requirements for the account upgrade from Silver to Gold, and from Gold to Platinum, but they should be communicated. Millions of people worldwide use Android mobile devices and tablets, and Itrader offers its clients access to the MetaTrader 4 platform on these devices.

With the Itrader MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Itrader traders to stay on top of their trades and react quickly to changes in the market. With the Itrader MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Is Itrader A Good Broker?

Itrader has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Itrader will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Itrader, you can enjoy peace of mind and focus on your trading activities. If Itrader violate any regulatory rules their regulated status could be stripped. Three account types are available at ITRADER, but here’s where the lack of experience of this broker is plainly evident.

They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. The Itrader MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Itrader traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Itrader provides traders with everything they need to succeed. MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere. The most beneficial feature of MT4 remains the intensive support of automated trading solutions, but the superior ones come at a price.

MT4 on Itrader offers traders comprehensive features and tools to enhance their trading performance. The Itrader MT4 user-friendly interface and highly customizable trading environment allow traders to tailor itrader review the Itrader platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Itrader traders to analyze price movements and make informed trading decisions.