However, education is not only strong side, trading itself is also well organized and if you know how to opperate within the market, you will achieve success. After taking one glance at Itraders review page, it’s clear to see that a majority of individuals are very unhappy with their services. Traders at ITRADER can take advantage of several resources and trading tools accessible via the award winning forex trading platform, theMetaTrader 4. TheMT4 platformallows traders to use charting tools, Expert Advisors, technical indicators and access to real-time economic news via a feed. ITRADER represents the brand name of Hoch Capital LTD, a Cyprus-based investment firm, which received its CySEC authorization in 2013. This broker has a clear focus on retail traders, but it appears that the experience of the team running ITRADER is more in web-commerce than financial services.
Trading Software & Assets
If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website. This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. Depositing and withdrawing with iTrader is done from within the client area.
- Founded in 2012, iTrader offers trading in around 50 currency pairs and wide range of CFDs on indices, stocks and commodities through the MetaTrader 4 platform.
- MetaTrader has long been the go-to for many people who are involved in the industry, and it’s easy to see why.
- Forex broker services are also provided for institutional clients by larger firms such as investment banks.
- However, due to a parallel regulation from a European CySEC (Learn about CySEC regulated Legacy FX Broker), you can trust the compliance of a safe trading environment.
Original ITRADER Review
Possessing an efficient sales team is not undesirable, but highlighting it as a critical asset appears a bit off. Hoch Capital LTD maintains its website, light on information, and nothing on the company’s website made us feel confident in the broker’s abilities. 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 is a strongly limited feature as most of the brokers do not offer a native app.
AUTOMATED BINARY OPTIONS TRADING
You receive in cash the difference between that quote and the closing price which is why this type of trading has its name. The executives are knowledgeable, experienced, and responsive towards the concerns of existing as well as newly registered traders. With their highly reliable and trusted customer support, you can be sure to get assistance until you are completely satisfied.
CRYPTO BROKERS
Also, there is a ‘Get in Touch’ form available on the site which the clients can submit, and the team will respond at the itrader review earliest with appropriate solutions for the queries. Crypto trading is available 7 days a week on contracts denominated in Euro, US Dollar, and Pound, for Bitcoin, Ether, XRP, Litecoin, Lisk, Dash, and many other tokens. We find it surprising that ITRADER covers more than 30 contracts based on cryptocurrencies.
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. With the demo account you will have a pretty rough picture of the financial reality.
The company claims to have a version for iOS, but in reality for iOS is the MetaTrader 4 app. As we’ll see in the following sections, other details are misleading as well, a fact that does not build any confidence in the long run. The Markets in Financial Instruments Directive and other regulators from throughout Europe are also ones that this company has been a part of.
- There’s also a mobile app available at ITRADER.com, compatible with Android.
- It has some great features and enough variety in trading platforms, which is a big plus.
- This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.
“Hoch Capital Ltd is not permitted to provide regulated financial services to residents of the United Kingdom.” – FCA mentions, read more by the official warning link. The iTrader has operated since 2012 and since then gained a reputation for success, leading to a stable base of worldwide users who make thousands of trades every month. The broker headquarters in Cyprus, while holding internal lines of various countries for direct connection with their clients, the lines include Russia, Spain, Germany, France, UK Italy, UAE, Norway and more. It offers an extensive scope of video courses, articles and MT4 tutorials. Their regulation status with CySec serves two important purposes for traders. First, it means that they follow the conditions set by them and other financial authorities like it (such as the Markets in Financial Instruments Directive that oversees the European Union).
ITrader Review
ITrader is a regulated forex and CFDs broker run by Hoch Capital Ltd and it is located on Cyprus, where it also obtained its licence with the country’s regulating body CySEC. Thanks to EU passporting scheme which ensures the functioning of the single market in financial services, iTrader offers its services across the Union, but also the world. The broker uses the MetaTrader4 platform as its core trading software and it is available on all types of devices. One of the advantages of this broker is the really long list of underlying assets that enable trades to trade CFDs on almost every market we could come up with. One drawback is a bit complicated website and demo account creation process, but you can avoid these simply by reading our iTrader review. Me, as I see myself, can be called a beginner with some experience, so that’s great that Itrader provides education I can use and master my skills.
ITrader makes a demo account available for access to new members or any trader who wants to try out a new strategy before using their live account. Demo trading provides a useful test run prior to making a financial commitment. ITrader specializes in offering forex services to traders as an online brokerage company.
As a result, it is expressly advised that you should never invest with, or trade upon, money that you cannot afford to lose through this manner of trading. Other markets include commodity CFDs, which are limited to commercial names in Europe, Australia and the United States, as well as a selection of global markets such as oil and gold. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. Ultimately, deciding which leverage level to choose depends on the individual trading strategy and the actual vision of upcoming market moves.
In some cases, the credit card company sets a limit on the amount of time that can pass for issuing a refund. Where this time frame lapses, the funds will be returned to the client via bank wire. As for the trading costs, iTrader does not charge the commission, instead, all executions are subject to the variable spread, that varies according to the account too, see a comparison between accounts below. In addition, the platinum account holders also can enjoy Free VPS, Dedicated Account Manager, News Alerts and discount on Swap or rollover rates, see example below.
Education is always useful for a trading platform, and you will be happy to know that this is not a site that lowers its standards on education. They have some excellent education plans for students meaning that you can learn all about the challenges that you are going to need to undertake to be a good trader. Despite being formed in 2012, the company has already enjoyed a fast start to life in the Forex industry. They are secure as possible and regulated by one of the most demanding regulatory bodies around in the market; that should offer some much-needed peace of mind. The demo account is available for newcomers or traders who want to practice new trading strategies before moving on to a real account. If you are interested in investing then it is worth looking at what the ITrader platform has to offer.
ITrader support is available through all the usual channels – social media, phone and live chat. We really liked the swap discount, this is a nice thing we have not seen before. It will definitely be of use for traders who prefer to leave their positions open for longer. The website also contains tutorials on how to use the PC and mobile versions of MetaTrader 4 platform, as well as a fairly wide range of written materials about Forex. The broker is a member of the Investor Compensation Fund, which is able to pay compensation up to €20,000 per trader in case the broker becomes insolvent. You will also be pleased to know that the ITrader app is designed to be accessed from any device.