iTrader.com is a leading CFD brokerage. It is fully regulated by the Cyprus Securities and Exchange Commission (CySEC) and it has MiFID passporting rights for trading throughout Europe. It is fully endorsed by the Financial Conduct Authority (FCA) and European Economic Area (EEA) authorised. Traders can enjoy a state-of-the-art platform with a wide range of trading resources.
ITRADER fills an important niche in the online CFD trading arena. First of all, it is fully regulated by CySEC, and sports MiFID passporting rights. All CFD trading has been authorised by the FCA (Financial Conduct Authority) of the UK and it is EEA authorised to allow online trading services to clients. The company sports the following licence #198/13 and it is registered in Limassol, Cyprus. As a trader at ITRADER.com, you get to enjoy a wide range of trading options on multiple asset categories. These include CFD trading in stocks, currency pairs, commodities and indices. Traders can hedge on rising/falling prices in any of the categories, with multiple underlying instruments. With CFD trading, it is possible to enjoy leverage as high as 20% of margin, or as low as 2% of margin. There are no fixed lots for traders and no ownership is required.
The platform is available in 3 languages, including Arabic, French and English. And there are multiple trading platforms to access for maximum functionality. These include WebTrader, MT4 and mobile trading for Android and iOS. 100+ assets are available for trade, spanning the full spectrum, including popular currency pairs, commodities like gold and crude oil, stocks like Google, Facebook and the like. Plus, the education centre is bang on the money. Clients will be able to access a full glossary of terms used in online trading, a wealth of tutorials and articles on macroeconomic and microeconomic variables, videos on demand, online books and trading courses. In addition to daily reviews, clients will be able to make use of webinars and reports from earnings season.
Safety and security is a big feature of ITRADER.com. This is evident in the strict adherence to regulatory requirements (CySEC and FCA), and the segregation of client accounts from ITRADER.com’s account. This protects clients in the event of bankruptcy or judgments against the company. Further, all terms and conditions are carefully laid out for clients with documents and agreements. The CFD brokerage also offers Islamic accounts and multiple account types for traders – novices and professional traders alike. ITRADER.com follows the Know Your Customer (KYC) doctrine to the letter. This lays out the contract between the broker and the client and ensures that clients understand the implications of CFD trading and its attendant risks.
There are multiple account types available at ITRADER.com. These include the standard Silver account, the Gold account and the Platinum account. Spreads decrease as you move from Silver through Platinum. Leverage increases dramatically between Silver and Platinum accounts. For example, on currency trading, Silver accounts have leverage of 1:200, while leverage on Platinum accounts for FX trading is 1:500. In terms of commodities like gold and silver, Silver accounts offer leverage of 1:50 while that increases to 1:125 on Platinum accounts. Indices start at 1:50 on Silver accounts and rise to 1:125 on Platinum accounts.
With commodities, the same ratios apply. Equities feature leverage of 1:20 on Silver accounts and 1:50 on Platinum accounts. Overall services also vary dramatically between Silver and Platinum accounts. You can expect your withdrawals to be markedly quicker with Platinum accounts (just 3 days) compared to 7 days for Silver accounts. Multiple services are also available with the premium account packages that are unavailable to the basic Silver package. These include news alerts, free VPS, dedicated account managers, webinars & videos. All accounts can be traded with Islamic account options, 24/5 support, fifth decimal trading, and hedging.
As a CFD trader, it’s good to know that there are multiple trading platforms for you to access. These include WebTrader and MetaTrader 4 (MT4). WebTrader allows you to trade currency pairs and CFDs direct off the web. There is no download required and you get to access the most comprehensive, innovative and dynamic trading platform around. Some of the key features you can expect with the WebTrader platform include a demo trading account, trading cubes, charting and live analysis, visual trends for FX markets and other major market movements. Single-click order execution, charting graphs and fully accommodative trading is part of the deal.
MT4 or MetaTrader 4 is available for Mac devices and Windows OSX. You can simply download it on site at ITRADER.com. When it comes to analyzing the performance of underlying assets, MT4 is universally revered. Not only is it a powerful tool for CFD trading, but you can place trades at the click of a button, analyse price movements and utilise all manner of trading strategies. Opening and closing trades is really easy with MT4 and the user-friendly interface guarantees rapid analysis and execution of trades. The charting tools are equally impressive and you can access expert advisors at any time.
The minimum deposit for opening an account at ITRADER.com is $250/€250/£250. You can open an account in any of these currencies. Deposits can be made from the side menu which features the deposit funds button. Getting started is a breeze. You can open either a demo account or a live account in a few clicks. You can also easily withdraw, deposit or even transfer funds between your accounts. There are multiple deposit options including MasterCard, Visa and Wire Transfer. The deposit options by credit card are guaranteed secure. Your wire transfer deposits are made direct from any bank to your account at ITRADER.com and they are guaranteed secure. You will need to wait 3 business days for confirmation from your bank before you will see the funds reflecting in your trading account.
The list of tradable assets is incredible at ITRADER.com. As a CFD trader, you have access to stocks, commodities, indices and forex.
Currency pairs: You can expect 24-hour trading across the board with major, minor and exotic currency pairs. There are a few exceptions with pairs like the USD/RUB, GBP/ILS, EUR/ILS and the USD/ILS. Spreads as low as 0.7 are possible and they go as high as 46.7 on the USD/ZAR pair. In all instances, leverage is 1:500 on CFD forex trading.
Indices: Traders can access all the major European, American and Asian indices. These include the Dow Jones, the NASDAQ, the S&P 500 index, the CAC 40, the DAX 30, the FTSE 100 index and the Nikkei 225. Spreads will vary and leverage is fixed at 1:125.
Commodities: Commodities cover the full spectrum from coffee to crude oil, wheat to orange juice and everything in between. The leverage on commodity trading is also 1:125. Spreads will vary dramatically from as low as 0.0041 on copper to 30 on cocoa.
Stocks: This is the most populous category, and it includes US stocks such as American Express, Bank of America, Boeing, Johnson & Johnson, Microsoft, Yahoo and Walmart. There are also European stocks such as Deutsche Bank, Daimler, British Petroleum, Total, Volkswagen and Vodafone. Stocks have varying spreads but leverage is fixed at 1:50.
We did not find any information on bonuses or promotional offers, but you can contact your broker for additional information.
ITRADER.com offers multiple options for customer support. These include telephone support in 10 countries (UAE, Denmark, Great Britain, France, Italy, Norway, Denmark, Sweden, Netherlands and Cyprus). There are also email support options for regular support ([email protected] and [email protected]). The company’s fixed physical address is in Limassol Cyprus, and you can visit them or write to them accordingly. Remote support is available by downloading a program. There are fax options and WhatsApp contact details as well.
ITRADER.com complies with all the safety standards as determined by CySEC, MiFID and the FCA. Traders can rest assured that there is SSL security and high-level encryption on all trading activity. Deposits and withdrawals are assured at all times. Additionally, client funds are maintained in a segregated account to protect against bankruptcy or charges against the company.
It is relatively easy to get up and running with this CFD brokerage. You simply click the open account button, or sign in and you can access a full range of trading markets. There are 100+ tradable assets including currencies, commodities, indices and stocks. One-click functionality on the MT4 platform and the WebTrader platform is certainly appreciated.
ITRADER.com is easy to use and offers multiple account types for new traders and experienced traders alike. The demo trading platform is particularly useful as it offers a risk-free option for learning the ins and outs of CFD trading. Great customer support is a terrific benefit at this online broker.