iTrader is an online financial broker which was established in 2012 in Cyprus. It offers clients over 160 asset choices, 48 Forex, 81 stocks, 17 indices and 17 commodities all in all. It has survived many challenges in as much as it won numerous awards all throughout the years in the industry. It is very much known for being reliable and transparent broker which serves a great number of traders all over the world. iTrader ensures that their clients are safe and secured with them where ever they are.

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Regulator – CySEC, MiFID

Trading Platforms – WebTrader, MT4

Available since – 2012

Minimum Deposit – $250

Leverage – 1:500

Spreads and Commission – 0.7

Minimum Trade Size – 0.01 lot

Demo Account – Available 

Mobile Trading – Available 

Trade Signals – Automated Trading, an e-mail alert

U.S. Clients – No

Islamic Account – Yes

AssetMagnate Rating: 

Trading Platforms 

iTrader offers two trading platforms for their clients. 

The first trading platform that they offer is the WebTrader. It comes with an interface that is user-friendly, advanced charting tool,  a great number of technical indicators, and is streamlined with the use of trading cubes which allow traders to view several assets all at once. 

The MT4 offered by iTrader is the same as the WebTrader. This trading platform is the most widely used and widely known trading platform used by traders all over the world. It is very much known for its Expert Advisors which has the capacity to automate trading. 

Mobile Trading 

iTrader also provides an avenue for their clients to trade wherever they are with the use of their mobile phones. It is suitable for both Android and iOS devices and can be downloaded via the Google Play store or Apple App Store. 

Account Types 

In total, there are 3 account types offered by iTrader to their clients. 

1. Silver Trading Account 

The silver trading account offers a maximum leverage of 1:200 with 24/5 customer support and 7-day withdrawal process. 

2. Gold Trading Account 

The gold trading account has a maximum leverage of 1:400 with 25% swap discount and it takes 5 days to withdraw. 

3. Platinum Trading Account 

The platinum trading account has a maximum leverage of 1:500 with 50% swap discount and it takes 3 days to withdraw. 

Demo Account 

A demo account is made available for iTrader clients to use. With these, clients can practice trading and familiarize themselves with the platform and policies of the broker without using real money. With these, they learn and they are assured that their money is safe. 

Minimum Deposit 

A minimum deposit of $250 is needed in order for a client to open a live trading account with iTrader. This is a reasonable low amount which comes with a lot of benefits especially when the account opened is maximized. 

Payment Methods 

If a client wishes to deposit or withdraw, he can do the transaction through major credit and debit cards and bank wire transfer. It usually takes 3 business days to deposit. There are several rules that are applied when withdrawing and is processed on the same day as long as the request is done before 11:00 AM. 

Maximum Leverage 

A maximum leverage of 1:500 is offered to their clients through the platinum trading account. This is such a high spread which means that there is a great income and great risk as well, thus safety precautions should be observed when trading. 

Spreads and Commissions 

Spreads offered by iTrader starts at 0.7 pips which are offered in the platinum trading account as well. This means that such a spread is applicable to platinum account holders only. 

Regulation and License 

iTrader is under the jurisdiction of CySEC with license number 198/13 and MiFID which are respected and strict regulatory bodies. With these regulatory bodies, iTrader clients are ensured that they are trading with a safe and well-regulated broker. 

Customer Service 

The iTrader website is available in over 7 languages. They can also be reached for support via email, live chat, telephone, social media and web contact form. Furthermore, a localized telephone number is available in order to make their clients’ trading experience more comfortable and convenient. 

Benefits of Trading with iTrader

Trading with iTrader comes with a lot of benefits. Such benefits include an amazing customer support, award-winning and well-regulated broker, and so much more. 

Pros

  • Low initial deposit 
  • Well regulated 
  • Competitive spreads 
  • Diverted trading instruments 

Cons

  • Higher than average spread 
  • No FAQ available 

Conclusion 

With the years in service, iTrader has proved more than enough and is deserving of where it is right now. It is an online financial broker known for its profitability and simplicity at the same time. It has survived a lot of challenges and is one of the most trusted brokers today.