iTrader: Is It Safe? Everything You Should Know July

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Unfortunately, there is no dedicated research section which suggests this is not something taken seriously by ITRADER. Our new rewards system offers active traders even more perks and privileges. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality.

On June 1st 2020, CySEC suspended the license of the parent company of Itrader. It’s ideal if you’re looking for an innovative team-based approach to wealth management that addresses the entirety of your life – your family, your business, your future–one facet at a time. The account information provided shows the lack of ITRADER’s experience.

When you request to register your Itrader account and complete all your details, the broker will proceed to verify them. The information requested is no different from that requested by other online brokers. In these lines you will find all the tools that it offers you to invest from the comfort of your home.

itrader

End the frustration of having to remember every unique SKU for every vendor. ITradeOrder offers item mapping that allows you to manage perishable orders using a single, simple catalog. Create supply chain resilience by connecting with thousands of companies on our network to ensure you get the right shipment for the right price in the right timeframe. In order to build trust and a better connection between buyers and suppliers, you have to invest in the relationship.

Gold Cap (Alpha Reward)

Demo accounts are available, without the need to deposit first and the trading platform is one of the best out there in my opinion . You can also find a slightly simpler version that is entirely web-based and doesn’t require any download or installation . The website is available in 7 languages; US |Clients are not accepted. And about scam allegations… well, they have been fined by CySEC in the past, so I can see where those complaints are coming from. Also, I have to mention that we cannot verify any of these online complaints, so take them with a pinch of salt. Some traders have complained that account managers asked them to deposit more money, others have complained that they had to send ID verification and others call them an outright Scam.

Alongside their 50 currency pairs, the broker has over 250 available assets in total. If you’re interested in other types of assets, such as stocks, futures, options and Forex market, you’ll need to purchase the Full license. You’ll be pleased to learn that Tiger.Trade is one of the most affordable professional trading platforms on the market.

itrader

ITrader’s downward spiral continued that same day, with CySEC issuing a partial suspension against the broker. All four companies involved in the UK ban received similar suspensions, which would expire after one month if the broker could implement corrective actions to the regulator’s satisfaction. Access your cTrader account from anywhere in the world using cTrader’s ultra-responsive web interface.

System Requirements

You can also consult the frequently asked questions that are very helpful in resolving queries. You can also find Itrader on social networks such as Facebook, Youtube, Twitter, Instagram and LinkedIn. Itrader is a broker regulated by the Cyprus Securities and Exchange Commission .

  • The broker takes payments in multiple currencies, including USD, GBP, and also EUR, despite not having the authorization to provide services in the countries that use those currencies.
  • If the account is inactive for 3 to 6 months, the monthly fee is 120 EUR or equivalent and for accounts without activity for more than 6 months, the fee goes up to 200 EUR or equivalent.
  • Trader will not charge you any withdrawal fees, so you can withdraw 100% of your winnings.
  • As you’ll see, you’ll be able to trade multiple currencies, including Bitcoins, with no commissions and low spreads.
  • Flawlessly execute your trades on cTrader web without any downloads or installations.

It is also regulated by the International Financial Services Commission of Belize . 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. It is a secure broker that, being regulated by the Belizean authorities, is obliged to comply with MiFID standards.

Has iTrader Met CySEC’s Terms to Remove Suspension?

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. 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.

So you can be sure that your funds will not be affected by any financial problems affecting the broker. The opinions of the clients coincide in highlighting this important tool that is a real help when making investment decisions. This service is free and will allow you to chat with Itrader agents while trading. In the Itrader platforms you will find different tools that will help you to know the trading trends. They are highly praised in customer reviews for the clarity of their charts and indicators. Itrader also provides you with various tools to help you invest in a practical and secure way.

The presentation is proper, which was a surprise given the failures by ITRADER so far. This section represents the best one this broker offers and it is functioning as intended. Since ITRADER does offer CFDs in equities and indices, corporate actions such as dividends apply. No mention is made, on their website, about how they are transferred to clients; this represents a significant oversight. Swap rates are noted, and it is therefore expected that positive as well as negative swap rates are passed onto traders. In light of the recent settlement reached between Hoch Capital and CySEC, the company appears to understand the need to provide a better service.

Trade Forex from anywhere on cTrader Web!

You will have to choose an asset to invest, but you will also have educational material if you need it. Itrader has become a highly sought after broker for clients who have no experience with CFDs and their risks. They are attracted by the educational material it provides and the clarity the platform presents when trading. You will have 50,000 euros to test the trading platform, applying all your trading strategies safely before starting to trade with real money. You can use your Itrader account on the various platforms it offers, both in Meta Trader 4 and Web Trader.

Without this registration, the broker now has no authorization to offer financial services within Cyprus or the wider European Economic Area. CTrader Web offers the fast order execution capabilities of cTrader with the ease and convenience of being a web-based application. CTrader Web is a user friendly web-based trading platform allowing you to enjoy trading with IC Markets from anywhere in the world..

itrader review offers over 150 trading instruments clustered under the following categories; forex, indices, commodities, and stocks. There are 49 FX pairs including major pairs, minor pairs, and exotic pairs, 17 indices, 17 commodities, and 81 shares for UK and US companies. The way the Scam Broker Investigator reviews a broker to see if they are a scam or legit, is by checking for a valid brokers license. The reason investors always use a licensed and regulated broker is to be sure that your funds are safe and kept in segregated accounts.

This https://forex-reviews.org/ review found that the broker has an above-average selection for most assets. The CFD selection covers more commodities than many other brokers and fares well on indices. CFDs on stocks are underrepresented with this broker but would satisfy most traders.

No, the FCA has specifically banned this broker from offering their services within the UK. If you believe that your broker has wronged you and you want your deposit back, our dedicated team of professionals can help you now. All information on 55brokers.com is only published for general information purposes.

As a result, the firm has done very little in terms of advertisements and sponsorships since professional traders are always in pursuit for brokers regulated by top tier regulators. In as much as the broker seems to be laid back, it hasn’t received any penalty from its current regulator and there aren’t any complaints online from traders who use its service. ITrader offers add-on services but they mostly apply to the platinum account. For instance, traders who use the platinum account enjoy free VPS, free news alert, and a dedicated account manager. ITrader has in the past been crowned by FXEMPIRE as the best educational broker 2016, therefore you can count on it as a reliable online broker. All deposits made to the trading platform are processed instantly but sometimes it may take up to 24 hours for the funds to be reflected in your iTrader account.