Forex Trading

iTrader Review 2022 Is it a Scam or Legit Forex Broker ️

Users, being the most valuable asset of ITRADER, receive the comfort of a large operation – unlike any other in the online market. As a customer, you can enjoy full 24/5 support and a variety of financial services which encompass Forex and stocks, commodities and indices. Operating on a global level, ITRADER gives you the flexibility you need to trade from anywhere in the world. Itrader provides you with a free demo account for 14 days. You will have 50,000 euros to test the trading platform, applying all your trading strategies safely before starting to trade with real money. Domain Nameitrader.comDate RegisteredApril 22, 1999Domain Age23 years, 5 months, 20 days, 1 hour, 16 minutes, 54 secondsAre you looking to trade with Itrader broker?

itrader review

Nevertheless, iTrader is also a regulated broker which means the company follows and bringing a clear and calm state of mind that your money safe. The quick withdrawal process through advanced information security system allows customers to get their money when they desire. Due to anti-money laundering requirements , the Company proceeds with payment to an account where the beneficial owner is the same as on the trading account. In June last year a friend of mine aged 80 was told by an itrader called Hock to invest money and within a week he lost £85000. MoneyBack Hero’s experts are experienced in handling all matters related to fund recovery, and we’ve helped thousands of people retrieve their funds from forex and other investment scammers. Another thing many users have reported is deceptive advertising.

They are highly praised in customer reviews for the clarity of their charts and indicators. Itrader has extensive experience in online Forex trading with a strong international reputation. It has a stable base of users around the world who are willing to invest in its products, such as indices, shares or Bitcoins. Once you have installed the chosen platform, you must complete the username and password that you have received by email.

That said, while this is a red flag, we’d like to point out a few other concerns before concluding that Itrader falls completely into the full-blown scam category. Many startup companies are founded in these countries precisely because there’s a lot less red tape to cut through than there is in Europe or the US. Itrader is a company that’s been doing business in the foreign exchange market since 2012.

Research & Visualization Tools

The withdrawal process is protected by high-tech encryption protocols, so you can do it safely and confidently. Itrader offers free Forex related education through video on demand, tutorials, e-books and courses. These tools itrader review are very useful for technical analysis of trading strategies. You will need to download the application to your smartphone or tablet from the App Store for Apple iOS systems or from Google Play for Android systems.

itrader review

At Itrader, the interests of its clients prevail and it has an investor compensation fund. In Cyprus this fund guarantees a sum of up to EUR 20,000 to each client in the event of the broker’s insolvency. It is a secure broker that, being regulated by the Belizean authorities, is obliged to comply with MiFID standards.

Frequently Asked Questions about Itrader

After a week if this i’d had enough and asked to close the account. Itrader utilizes the MetaTrader4 trading platform, which is available both on desktop as a complete suite and through a mobile app. The MetaTrader4 is also the most popular software used by fraudulent trading companies worldwide. As you can see, after getting to know all the features of Itrader you can conclude that it is a very good trading option.

  • If you’re afraid that you’ve lost your money to ITrader contact us as soon as possible to find out what recourse you may have in getting your money back.
  • You can earn interesting profits by referring clients who open a trading account with Itrader and deposit funds.
  • Our iTrader review found a long history of unsatisfied clients with this broker.
  • There is back-testing which will help create a solid strategy, but this will fall on the user.

You can do it safely, with the necessary guarantees regarding the deposited funds. In the trading section of Itrader you can learn all the details about the financial products it has to offer. You will also find CFD trading tools that will make you trade safely. You can use your Itrader account on the various platforms it offers, both in Meta Trader 4 and Web Trader.

As such, Hoch Capital and its trading names imposed to notify all active accounts and must not provide any financial investment services t the UK residents. Despite that Hoch Capital is CySEC regulated broker, FCA considers its trading practices and aggressive marketing promotion in the UK controversial to its MiFID obligations. However, due to my inexperience, I unfortunately quickly found myself in difficulty and decided to end trading. I’m a housewife, so i started trading on ITrader for getting extra money for my family. I knew almost nothing, but this platform provided me with the analyst, who taught me a lot.

iTrader Platforms 🖥️

Meanwhile,iTrader is also an official online trading Partner of Manchester City Football Club in EMEA. ITrader offers three different account types Silver, Gold and Platinum that are diversified by their offering according to the trader’s type and the size of operations. Moreover, the Islamic Account for the traders that follow Sharia rules is available upon request too. Their agents/brokers make false promises that you can earn lots of money within a short period of time. I had invested a fairly big amount of money in this company four years ago and am still waiting to get my money back, not to mention the profit.

The EUR/USD currency pair is the best indicator for a broker’s spreads in general. With a Silver account, the EUR/USD spread is 2.2 pips, which is absurdly high. Even before their FCA ban, the broker had faced corrective actions from CySEC.

Bitcoin is the most chosen crypt currency in the world because it is a decentralized currency that does not depend on any government. It also provides anonymity by not requiring any identification to participate in the Bitcoin network. You will be able to invest in stocks, whether you want to focus on a single stock or cash-settled groups. You will have the option of choosing between common or preferred stock, which although lacking the right to vote are in greater demand for profits.

They offer appealing returns that may look promising and attractive and make you invest in that plan. But later, you will realize that you got scammed by the broker. Also, scammers, as you read in this Itrader review, are famous for not withdrawing your money.

itrader review

Through this application you can monitor Forex trading operations in an easy to understand way. According to the users’ opinions, from the Itrader application you will have the possibility to manage your account without being an expert. You will be able to open and close positions and you will also have multiple technical indicators and charts available. Webtrader is a web-based platform that you do not need to download or install.

iTrader Review

There are Swap discount rates offered of 25% with the Gold accounts, and 50% in the Platinum accounts. It seems that something is off with this and iTrader isn’t being transparent about it. In March 2019, CySEC reached a settlement with Hoch Capital Ltd. where the firm made a $20,000 settlement regarding a compliance investigation the Cypriot regulator had begun. Though the details were not made public, they were surrounding the information it was giving to clients, as well as the general conduct of its investment activities. The Financial Conduct Authority , the regulatory authority in the UK, said that Hoch Capital Ltd used celebrities to falsely endorse its products on social media.

Suggested companies are based on people’s browsing tendencies. Should you decide to continue your search for the most suitable forex broker for you, other considerations might be IG, eToro, and/or Interactive Brokers. Support can be reached either through email or phone, depending on your preferred method. There is a disappointing FAQs section that carries the same uncared for trend we’ve seen so far.

It is also registered with other bodies such as the FCA in the United Kingdom, BaFin in Germany, CONSOB in Italy and the CNMV in Spain. In other words, it provides protection to its investors so that they can operate safely. Withdrawals are free of charge, as Itrader considers it sufficient to send the credit card image. But remember that only the last four numbers should be seen, the process is known as “Know Your Customer”.

The spread information can be hard to find on many brokers’ websites, and it’s nice to at least have some transparency as to what your cost is going to be on each trade. Smart traders always verify that the broker they are going to invest with, is also licensed in their local country. It has the most recognized trading platform as the Meta Trader 4.

This ban set a precedent, no financial regulator within the EU had ever rescinded passporting rights before this. European Economic Area agreements allow for brokers registered with a financial regulator in one country to offer services to all countries within the agreement. ITrader has recently faced catastrophic problems with financial regulators, culminating in their abandoning their CySEC license. They now operate as an unregulated broker with mediocre offerings. We are sorry to hear that you are not happy with our service.

Itrader is a regulated trading broker that will give you the possibility to invest in different underlying products. You will be able to invest in Forex, commodities, shares, indices, Bitcoins, oil, gold and silver. Itrader’s mobile application is based on Meta Trader 4 to manage and monitor your trades from your mobile device. You can safely trade Forex or Bitcoins, among other markets, anytime, anywhere. As expressed in their opinions, customers feel confident and secure in being able to draw on the support material.

I ended my relationship with the company and to this day I’m waiting on some 100€ withdrawal. Oh, someone did call me to try and get me back on board 2 months later. is a broker reviews website, and does not offer any investing advice or service.

Does ITRADER Have a License?

Itrader claims to be an online investment broker like any other. They offer managed investments in forex funds, stocks, bonds, commodities, and contracts for difference , or derivatives as they are often called. In all, ITrader claims to offer trades in more than 170 different assets, including cryptocurrencies and market indexes, and all of these assets can be used as underlying assets for a derivative. This broker aims to attract retail traders, but the team at iTrader seems to have more experience in web-commerce, as opposed to financial services. The information provided on the broker’s website is light, to say the least.

The fact that they’ve been around since 2012 may seem like a strong point and one may argue that it is. However as we cover more aspects of this 8 year old company we’ll see just how strong they are. The company that owns Itrader is Hoch Capital Limited, which was founded in 2012 and licensed with the Cyprus Securities and Exchange Commission in 2013.

They gladly pocketed my money, and believe it or not, suddenly I had payback on my credit card account of the overwhelming sum of 50 €! Do not trust this company with any money to “invest” according to their advices. I put in altogether l.250 € following their “councelling”. Immediately after I opened an account I started to get unsolicited calls from callers with a Russian accent based on “Cyprus”.

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