ITRADER

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4.7

Our rating

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Pros
  • Advanced trading platforms
  • Choices of trading accounts
  • Diverse range of trading instruments
  • High quality customer support
Cons
  • Higher than average spreads
  • Lack of information on trading conditions
  • No FAQ
CFDs on Forex, Indices, Commodities, Shares & Cryptocurrencies
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More Information

Name ITRADER
Website URL https://www.itrader.com
Established 2008
Location UK
Minimum Deposit 100
Support Options Email, Chat, Phone
Deposit Options Credit Card, Neteller, NETEWER, , Neteller, Skrill (Moneybookers), POLI, Entropay, Paysafecard, MyDebit, Thai card, Wire Transfer, Fast Bank Transfer and Cheque.
Withdrawal Options Cheque, Bank Transfer, Skrill (Moneybookers) and Neteller. Currently, Wire, Check

Ratings

Overall Rating
Deposit Options
Software

iTrader is a leading online forex broker offering the trading of currencies, stocks, indicies and commodities, that was established in 2012. Based in Limassol, Cyprus, iTrader over the few short years that it has been operational has earned a reputation for being a reliable and transparent broker. The broker serves a large contingent of traders from all over the world by providing them with a wide range of assets to trade with as well as 24/5 customer support. With the cutting edge trading platforms provided by iTrader.com, traders can be assured of a safe and secured trading environment regardless of where they are trading from.

iTrader Regulations

iTrader is owned and managed by a Cyprus Investment Firm (CIF) called Hoch Capital Ltd. As a Cyprus based company, its operations are regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license number 198/13. This means that iTrader is in compliance with all the strict regulatory requirements imposed by CySEC. It also means that iTrader is permitted under the MiFID rules established by the European Parliament to “passport” its services under its CIF license to operate in any states within the Eurozone. Hence, iTrader is also registered and authorized by the following regulatory authorities:

AFM (Netherlands)
ATVP (Slovenia)
BaFIN (Germany)
Central Bank of Ireland (Ireland)
CMVM (Portugal)
CNB (Czech Republic)
CNMV (Spain)
CNVMR (Romania)
CONSOB (Italy)
Financial Conduct Authority (UK)
Finansinspektionen – FI (Sweden)
FINANSTILSYNET (Denmark)
Finantsinspektsioon (Estonia)
FKTK (Latvia)
FMA (Austria)
FSAN (Norway)
HANFA (Croatia)
HCMC (Greece)
KNF (Poland)
MFSA (Malta)
MNB (Hungary)
NBS (Slovak Republic)
REGAFI (France)

iTrader Reliability

iTrader has earned a name as one of the best brokers in the industry. This is evident from the numerous awards that it has won over the years:

2015 – Best ECN/STP Forex Broker
2015 – The Best Broker Insurance & Service. Excellent of The Year.
2014 – Best Broker in Southeast Asia (Forex Report Awards by World Finance)
2014 – Best Broker Asia Pacific (International Finance Magazine)
2014 – Best Forex Brand Asia (Global Brands Magazine)
2013 – Best Partnership Program (Masterforex-v)
2013 – Best Trading Platform (China Finance Online)
2013 – Best Forex Broker South-East Asia (World Finance)
2013 – Best Broker in Asian Region (Forex Expo)
2012 – Best MT4 Platform (9th China (Guangzhou) International Investment & Finance Expo)
2012 – Best Forex Broker Asia (World Finance Awards)
2012 – Fastest Growing Forex Broker Asia (Global Banking and Finance Review)
2011 – Best Mini Forex Broker (World Finance Awards)
2010 – Best Mini Forex Broker (ShowFX World)

Investor Compensation Fund Policy

Furthermore as a regulated broker under CySEC, iTrader is legally obligated to be a member of the Investor Compensation Fund as prescribed under the Investment Firms Law 2002. The compensation scheme acts an additional level of protection for traders should ever iTrader becomes unable to fulfill its legal obligations. Qualifying traders can apply for compensation under the scheme for up to a maximum amount of 20,000 euros.

iTrader Trading Platforms

The trading platforms which iTrader have made available to its traders is based on the popular MetaTrader 4 (MT4) platform. It is available in 3 different versions:

WebTrader
MT4 Desktop
Mobile Trader

iTrader WebTrader

The WebTrader comes with a user friendly interface with all the different functionalities neatly laid out. It comes integrated with an advanced charting package and a wide range of technical indicators that traders can use to enhance their market analysis. The trading process is also streamlined with the use of trading cubes by enabling trader to view several assets simultaneously. In addition, real time news feed also enable traders to keep updated of all the developments in the global market.