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By using ITRADER’s services, you may benefit from years of expertise in a click of a button. It’s a really reliable and trustworthy broker, the platform works really fast, the staff is professional. A decent company with competitive trading conditions, well-functioning website and trading platform. Withdrawals have always been quick, I didn’t notice any hidden fees or charges so far, so overall I’m really satisfied with my trading experience. Despite that Hoch Capital is CySEC regulated broker, FCA considers its trading practices and aggressive marketing promotion in the UK controversial to its MiFID obligations. The brokers used misleading marketing and promotion strategies which resulted in numerous complaints and has failed to carry out appropriate assessments of the compatibility of its products and its customers.
One common complaint from former Itrader customers is that their “investment advisors” behave more like salespeople than actual advisors. They call on a daily basis, sometimes more than once, which just isn’t normal unless you’re investing tens of millions of dollars or more. During quarantine, more time appeared for trading, and Itrader got excellent materials on the topic. As a result, I now make excellent money, which helps a lot in these difficult times.
Thanks to an active development community, you can customize your MetaTrader 4 interface with a huge range of charts and harness automated trading robots to take your portfolio to the next level. The withdrawal process is stated as one day for all payment options apart from bank wires. These are listed as five to seven working days, which is long in terms of the industry standard. Moving on to CFDs, clients will be limited to the biggest EU and U.S. names, as well as some Australian names.
The spread information can be hard to find on many brokers’ websites, and it’s nice to at least have some transparency as to what your cost is going to be on each trade. There was a – since removed – ad campaign on Facebook for a trading platform called Bitcoin Revolution. Not only was Bitcoin Revolution itself a fraud, but the link in the ad actually led to Itrader.
Beginners will appreciate the inclusion of one-click trading options alongside a large selection of included technical analysis tools designed to help refine trade decision-making. Transparency in regards to documentation is good but lacks when it comes to trading accounts. Since services offered by ITRADER are severely limited, it is no surprise that customer support is limited as well.
I like the Advanced AI Crypto Trader!
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. However, that does not compensate for all the flaws we’ve already talked about. Clients are divided into retail and professionals, according to the latest European regulation. Due to its location, ITRADER cannot bypass the regulatory requirements and that’s one of the few reasons why there might be some trust around it.
- We recommend researching a wide range of sources before using these services.
- First time to get an extra information that will increase my ego in the Forex trading.Thanks for Trustpilot.
- With Global.ITRADER Forex broker you can get free access to mobile trading apps for both iOS and Android.
- The contests are solely open to professional clients, retail clients do not have access to contests.
They have a highly compliant onboarding process that includes Know Your Customer and Anti-Money Laundering processes. Additionally, the trading platform itself is reliable across devices, both desktop and mobile, in terms of trade execution as long as clients ensure a steady internet connection. Platform uptime was consistently uninterrupted, and Platinum Account clients with automated trading strategies benefit from swift routing via free VPS services.
You will be able to invest in Forex, indices, commodities or Bitcoins and your deposits and withdrawals will be less risky. 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. Itrader’s mobile application is based on Meta Trader 4 to manage and monitor your trades from your mobile device.
Mobile Platform
When looking for the best forex broker for your needs, make sure you have a good grasp on spreads and commissions, first. 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’s educational section, research section, and customer support are all lacking and provide the bare minimum. Itrader also provides you with various tools to help you invest in a practical and secure way. Whether you’re investing in indices, commodities or Bitcoins, you’ll find an economic calendar, calculators and market summary. As expressed in their opinions, customers feel confident and secure in being able to draw on the support material.
If this brokerage is run by individuals skilled in web-commerce and finance, these skills are not wholly obvious. Most services offered return a blank page and there is no excuse for that. This is further supported by the abnormally high loss rate listed at over 81.65%; other brokers range between 65% and 75%. Founded in 2013, ITRADER is a trading brand owned by Hoch Capital Ltd, an investment firm based in Cyprus and regulated by CySEC. The website provides access to tens of different CFDs based on cryptocurrencies, alongside forex, stocks, indices, and commodities. It is another CFD provider that had included cryptocurrencies among its instruments and the purpose of our review is to help our readers asses whether it’s worth trading with this company.
If you continue to browse this website, you agree to comply with the terms and conditions and privacy policy. You should not use our service if it is illegal to do so in the region where you are located. You are responsible for verifying the promotions and offers offered by any company listed on our website prior to any purchase. The way the Scam Broker Investigator reviews a broker to itrader review 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. There is a broad diversity in terms of trading instruments since clients can trade many contracts based on cryptocurrencies, alongside forex, indices, commodities, and shares.
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Itrader receives generally positive feedback which often highlights important points to consider. That is why before choosing a broker you should consult them to make your trading operations safe and worry-free. The Itrader website is owned by the British financial company Bayline Global World Ltd. It is registered with various bodies in Europe, as mentioned above, and operates under the Markets in Financial Instruments Directive regulations. Itrader is a broker regulated by the Cyprus Securities and Exchange Commission .
One of the most fundamental tools offered is an economic calendar, but at ITRADER it returns a blank page. Given the vast availability of economic calendars, there is no excuse not to ensure a functioning one is provided. The research section is broken down into four categories, somewhat scattered across the website. It consists of an economic calendar, financial calculators, a market summary and a daily review. The first three returned blank pages at the time of this https://forex-review.net/, the latter appears to be a brand-new addition started on November 11th 2019 and is updated daily, but none of the videos are playing.
Global.ITRADER Review
We love to hear feedback to so that we can grow the platform for what you need as a trader. If you want an easy-to-use platform that makes it simple to find, copy, and place trades made by the world’s leading finance traders, ZuluTrade is well worth a look. MetaTrader 4 can be used in more than 30 unique languages, and technical support is similarly multilingual.
We are sorry to hear that as we are trying to provide our clients with the best professional service. Since than I’ve been getting calls after calls and this morning I got call from one of the staffs from 020 number who asked me if I made account? I told him that it’s not very convenient to speak and I told him I don’t want the account. Yet while the IFSC license is the main regulatory material for this broker, it certainly isn’t the only one extending the political oversight on Global.ITRADER.
Itrader will assist you in all your questions with a large number of courses, tutorials and videos. It will take care of training you so you can invest, making your money grow. The registration form complies with the requirements of the regulatory bodies. In addition to your personal references, you must provide other information such as your financial situation and trading experience. Once you have installed the chosen platform, you must complete the username and password that you have received by email.
It didnt allow me to do it online and was told i would loose some deposit, which I had asked before I opened the account and was told I would loose nothing. I’m a housewife, so i started trading on ITrader for getting extra money for my family. I knew almost nothing, but this platform provided me with the analyst, who taught me a lot. Currently, i’ve learned how to trade on currency pairs and do it well. So i’m very pleased with trading on such a reliable platform, with professional assistance. When it comes to the bonuses or other promotions, unfortunately, we weren’t able to find anything of that sort on the website.
We spend hours testing every product or service we review, so you can be sure you’re buying the best. Traders can also take seven courses, each of which has several sections. While at first this all seems legit, what’s offered is not good content. In other words, the other two accounts are, for lack of a better word, worthless. There could be some requirements to upgrade to Platinum, but these aren’t mentioned. On the upside, the good selection of commodities has a mixture of both hard and soft commodities, including all the major metals.