ITRADER Review: Is ITRADER A Good Broker For You?

de 21 de junho de 2021Forex Trading

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ITRADER is a market maker and generates most of its income from losses of its clients where this broker acts as their counterparty. Spreads, the difference between the bid and ask prices, also provide this broker with income. ITRADER is an adolescent broker which provided us with an unfavorable first impression during this ITRADER review as its website appeared to be little more than window dressing for traders who don’t know what they’re looking for. This can be improved through third-party add-ons which you can get for a price. In this case, the broker could have offered some free upgrades, but the fact is, it doesn’t, showing as another example of the broker making claims that it can’t substantiate. ITrader clients are protected by the Investor Compensation Fund (ICF), as mandated by the EU Directive.

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades. Each trader needs to assess if a broker can and should be trusted, being regulated is not always good enough.

Speaking of deposits, there is a diverse platform of financial mechanisms used for payments. Global.ITRADER, knowing how important a stable and easily-understandable trading platform is, has chosen MetaTrader 4 as a main driver. However, if traders prefer other platforms, they can just as easily go for WebTrader or smartphone apps. In short, the functionality and diversity is definitely the broker’s strong suit in trading platforms. Established in 2017, Global.ITRADER is a brokerage that has become pretty popular on the internet. On the one hand, people point to the broker’s fraudulence and advise other traders not to do business with it.

  1. I told him that it’s not very convenient to speak and I told him I don’t want the account.
  2. I dont received any answer from my “account manager” who is one if the biggest scammer and also from the “best customer support”.
  3. In addition, price chart is also usually provided with some analytical tools
    to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
    trades.
  4. In addition, Global.ITRADER is a broker that lets you trade Forex on your Mac in a native way.

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. ITRADER is a brokerage company offering trading services for clients
since
2016 with
offices in
. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety
of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of
unprecedented incidents that result in clients’ financial losses.

Review

They have no regard for situation, they take no notice of what you are saying. Transparency in regards to documentation is good but lacks when it comes to trading accounts. 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.

I suggest they should improve their withdrawal process for a convenient trading experience. Their system goes down at very crucial times, and the time it caused me to lose the money for my only vacation…$2000+ It is devasting to me. And they take absolutely NO RESPONSIBILITY for their system crashing at crucial market points. Don’t go with them because when you have waited patiently 8mths holding onto an investment, hoping and praying it will pay off, their system will crash when you can finally cash in and you lose your dream in the first hour it’s down. Still down now after 3hrsTheir system crashed alittle less than one year ago( at a crucial point again) but at that point I was fine.

Signed up with ITrader and deposited …

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Some stupid worker of iTrader called me…

These contain the financial calculators, the economic calendar, a daily review, and a market summary. Research is offered by an in-house team, but it whifs of unprofessionalism through its lack of detail. There has been an attempt to structure the research section but it has failed to do it successfully. In our review of the top forex trading apps, eToro has taken the top spot, while IG’s app comes in at a close second.

Review of Global.ITRADER’s tradable Assets

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. At the bare minimum, the educational content should be provided to everyone interested in it. The most beneficial feature of MT4 remains the intensive support of automated trading solutions, but the superior ones come at a price. The library is expanded with free EA’s and other tools, but traders should be extremely cautious.

An Asset Index is published which lists all assets with the minimum spread offered, but it is worth noting that actual spreads are likely to be higher than listed. They are very good marketing the idea they you can make lots of money in trading quickly with their “help”. One should ask them why they are not billionaires then by trading themselves? After opening a account with them you get called by your manager who’s sole purpose is to make you to trade as much as possible and as big as possible.

ITRADER is regulated by CySEC, but potential traders should think twice before submitting personal details to a brokerage which has shown as many issues as this review has uncovered. When something isn’t appropriate at a broker, it is better to stay away and not expose yourself and your money to unnecessary risks. Asset selection is great across the Forex market with a surprise when it comes to cryptocurrencies where ITRADER offers a more extensive selection than most of its competitors. Commodity CFDs are also properly presented, but equity CFDs are limited to commercial names in the US and Europe with a handful of names in Australia while index CFDs cover a nice introductory selection. Overall, there are enough assets offered across five categories which will allow most retail traders to achieve proper cross-asset diversification.

ITrader makes its money from its spreads, but this broker is a market maker, and generates the majority of its income from traders losses, when it acts as a counterparty. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.

Rodrigo Calligioni

Autor Rodrigo Calligioni

More posts by Rodrigo Calligioni

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Clique aqui e fale conosco 🙂
Rodrigo
Olá como podemos lhe ajudar hoje?