ITRADER is a new CySEC licensed Forex & CFD broker owned by Hoch Capital Ltd. iTrader is located at 5 Christaki Kranou, Office 201, Germasoya, 4047 Limassol, Cyprus. Their phone number in United Kingdom is: +44 186 434 0023 and in Netherlands +31 85 888 4136. Their contact email is: [email protected].
Our review of the forex / CFD broker ITRADER shows that they offer investors the MetaTrader4 trading platform. There is available both the desktop standalone version, along with the web based and mobile versions. They offer in total more than 170 assets to trading including all popular Forex pairs, Market Indexes, Individuals Shares, and Commodities like Brent, Crude Oil, Platinum, Coffee, Sugar etc..
Their website and customer support is currently only available in English and French, with more languages coming soon as they continue their global expansion. Their Leverage on all forex pairs is 500:1, and spreads on the Euro Dollar pair are as low as 0.07. Trading on leverage is very risky, and new traders should make sure they fully understand the risks associated with using margin.
There are 3 levels of account types which offer various benefits, see here. Minimum deposit for new accounts at ITRADER is $250.
When the Scam Broker Investigator reviews a CFD or Forex broker dealer to see if they are a scam or legit, the first thing we look for is a valid brokers license. The main reason investors always use a licensed and regulated broker is to be sure that your funds are safe and kept in segregated accounts. It is amazing that in 2016, there are still brokers who are not licensed.
ITRADER is licensed and regulated by CySEC in Cyprus, a member of the European Union, their licensed number is: 198/13.
Smart investors always review a few different brokers before making a final decision.
What was your experience trading with ITRADER? Please write your review in the comment section below.