Forex Broker Reviews

iTrader Forex Broker Review

About the Company

iTrader Forex broker review is designed to help you recognise the most important features of a legitimate broker before deciding to use services on offer. The company is a leading online trading service broker offering the possibility to trade in underlying assets as example CFDs and currencies. The company’s brand is operated by Bayline Trading Limited which is regulated by the Belizean International Financial Service Commission (IFSC) under license No. IFSC/60/322/TS16. The company was founded in 2012 on the island of Cyprus and has grown globally since then with an award of offering the best educational content in 2016.  It has survived multiple industries crises over that period including one that occurred on Cyprus in 2013 and has built a stable global fan base that has stood the test of time.

The company sets its self apart from other brokers with the easy registration process and three different account types to choose from; Silver, Gold, and Platinum. Their spreads and leverage differ by account types and by asset type. In all accounts, users receive a dedicated account manager to give them an inside track with iTrader’s offerings. The minimum deposit is $250, transactions are processed via credit cards or wire transfers. iTrader is dedicated to keeping client funds safe in segregation and additional protection from the Cypriot Investor Compensation Plan up to 20 000 euros.

iTrader offers trading platform options without discrimination, they support the highly popular Metatrader 4 protocol series, as well as web trader and mobile applications for Android iOS. The company offers a wide choice of asset offerings which includes Forex, stocks, indices, and commodities. As for spreads and leverage, iTrader is very competitive with the market, the very best deals though are available on the platinum account. Spreads for the popular EUR/USD pair start at 2.2 pips for silver members and fall to 0.7 pips for Platinum members. The firm has highly trained customer service reps that are responsive 24/5. If you are new to trading you can avail yourself of a multitude of award-winning eBooks, videos, training courses, tutorials and informative articles.

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Why Choose iTrader

Fast and free deposits and withdrawals

This is one factor that defines an effective broker, as traders need a working, fast and reliable flow of money input and output within a Forex account. iTrader supports Major credit cards and wire transfers as the methods of choice, in line with internationally mandated regulations, KYC/AML identity documentation must be current, on file and in order before any withdrawal request can be processed. Important! No fees of any kind are charged by iTrader for deposits and withdrawals.

Beginner Support

Customer support is available in multiple languages 24/5 of each week. Then can be reached via live chat available on their website, WhatsApp, email, and direct phone line. A dedicated account manager comes at no cost for Gold members and Platinum members. Do you need to learn the basics or just brush up on your skills? The support center at iTrader is very comprehensive. In addition to daily news feeds and analysis, the website is overflowing with eBooks, videos on demand, Training courses, tutorials and very informative articles.

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Company take home features

  • Free deposits and withdrawals
  • Founded in 2012 by experienced financial professionals
  • Headquartered in Limassol, Cyprus
  • Regulated by CySEC
  • Minimum deposit = $250
  • US clients not accepted
  • Over 160 asset choices: Forex(48); Stocks(81); indices(17); Commodities (17)
  • Bilingual customer service

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Conclusion

That’s just about everything we have gathered about iTrader, as the company’s motto implies; “keep it simple, profitable”. The company has lived by that motto for the past five years and has stood above industry crises with its simplified account classes, it has been regulated by CySEC and been in complete compliance with MiFID regulations throughout the EU. The safety of funds deposited and the reliability of order execution gives traders peace of mind.

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