The broker has distinguished itself with the quality of educational materials on its website. There are eBooks, articles, V.O.D, tutorials, glossary, and courses. The education materials are in-depth; for instance, there are 10 trading strategies. ITrader has a professional customer support team who are available Monday through Friday from 0100 hrs to 1400 hrs GMT.

Regrettably, there are no outstanding features offered by this broker. On the contrary, as this review dug deeper into ITRADER, the number of red flags, discrepancies, and shortfalls become evident. The way services are tailored is backward; what should be geared towards retail traders is unavailable to them, while services offered to professionals should be provided to retail traders. On the “Account Types” page, a VPS service is listed, but ITRADER doesn’t provide details about it or even mentions it anywhere on their website.

1. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store.
2. Clients can contact support either by calling or sending an e-mail.
3. Swap rates are noted, and it is therefore expected that positive as well as negative swap rates are passed onto traders.
4. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience.
5. Currently, i’ve learned how to trade on currency pairs and do it well.

To better understand the Itrader trading platform, you can create two separate accounts – one with real money and the other a Itrader demo account. A Itrader demo account provides a risk-free environment for experimenting with the Itrader platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Itrader trading decisions.

If after reading this Itrader review, Itrader does not fulfill your needs check out these Itrader Alternatives.

In other words, Itrader leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Itrader trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. Don’t be scared off by brokers like Itrader charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

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In as much as the broker seems to be laid back, it hasn’t received any penalty from its current regulator and there aren’t any complaints online from traders who use its service. Although traders have had great success with Itrader, trading on the financial markets with Itrader is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. To start the process of opening an account with Itrader you can visit the Itrader trading platform here. Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money. Trading CFD trades on the Itrader platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling.

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….. I will have to get advice and hope that if they read their reviews/feedback, someone within their company will email me/please sort this out and give me my money back, like others i’m on minimal wage too.

Transparency in regards to documentation is good but lacks when it comes to trading accounts. ITrader offers add-on services but they mostly apply to the platinum account. For instance, traders who use the platinum account enjoy free VPS, free news alert, and a dedicated account manager.

The presentation of the MT4 trading platform constitutes another critical failure that sums up what ITRADER has presented consistently. Given the number of red flags, conflicting statements about trading conditions, and many broken parts of the company’s website traders are better served elsewhere. There are too many things wrong at ITRADER which makes this broker a hard pass. Indices offer broad diversification and hedging tools and traders have access to a decent number of major global indices, suitable for retail traders. ITrader offers over 150 trading instruments clustered under the following categories; forex, indices, commodities, and stocks.

STAY AWAY from this company if you…

If you are unsatisfied with Itrader or want to explore other options, we recommend checking out our carefully curated list of highly-rated Itrader alternatives. Follow the links below to learn more about these Itrader broker alternatives and choose the one that best suits your trading needs. You will be exposed to a high risk of loss regarding leverage and margin-based trading. Although we found some very useful aspects of the Itrader platform that would be useful to some traders.

Are Itrader safe?

Trading online with Itrader requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Itrader trading tools and features. That’s why we’ve compiled this detailed Itrader review with some important information that will hopefully make you more informed when online trading with Itrader.

It is important to be aware of the potential for loss and to only invest what you can afford to lose. As a new client of Itrader, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Itrader in your region. We tested their live chat feature through their app and website and received a response within 6 minutes, an acceptable response time. The support team was helpful and provided us with the necessary information. CFD trading on Itrader allows traders to speculate on the price movements of various financial instruments against the broker Itrader, without actually owning real assets. With CFDs, Itrader traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

To avoid all this averageness, you will be required to use their Platinum account type to enjoy some VIP status, even though it still might look basic to some of its rivals. This broker suits new traders who are in the pursuit of trying their hand in forex trading. They will benefit more from the educational material and the competitive fixed spreads.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee. In addition, currency conversion fees may apply if the Itrader withdrawal and receiving currencies differ, adding to the overall itrader review transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Itrader. Researching and comparing Itrader withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Itrader funds frequently or dealing with large sums of money.

Itrader Withdrawal Fees

We put their multilingual support to the test by speaking to them in various languages, and they were able to communicate effectively. We tested the effectiveness of communicating with Itrader support in multiple languages and countries. Our customer issues were resolved promptly by the Itrader support team, proving their ability to efficiently and effectively support customers in diverse locations and languages. Explore the Itrader platform and train yourself to think systematically and logically about the markets. While learning, you can also use global trading times to practice making live buy or sell trades using Itrader.

Itrader Guide – Read our In Depth 2024 Itrader Review

Itrader offers Forex trading, Spread Betting trading, and Share Dealing trading. If you’re interested in comparing Itrader against other popular brokers in the industry, check out our Itrader Vs pages. Our team has compiled a series of detailed Itrader comparison articles, pitting the Itrader platform against some of the best-rated Itrader competitors in the market. Dive into our informative Itrader Vs pages below to find out how Itrader stacks up against other leading brokers. Overall, we had a good experience with the email support provided by Itrader.