iTRADER - Forex Trading Review

ITRADER has become arguably one of the better-known regulated online trading services, probably in part due to its sponsorship of Manchester City FC. The site operates across the world and is regulated by the Cyprus Securities and Exchange Commission (CySEC), in compliance with the rules of MiFID in the European Union.

Accounts

You can choose between Platinum, Gold and Silver account types for your Forex trading at ITRADER, with the spreads differing from one to the next. The FX leverage at your disposal will also vary depending on the account that you opt for - for Silver users, it's 1:200, rising to 1:500 for those with a Platinum account.

There are also differences across these three account options with regard to the exact services from which you can benefit. While even the Silver plan enables you to enjoy such features as hedging, 24/5 support and an Islamic Account, if news alerts and free VPS interest you, you'll have to go for the Platinum option.

ITRADER Bonus

At the time of this review being written, it seems that ITRADER has little or no interest in offering enticing bonuses. Of course, this could be interpreted in one of two ways - as a bad thing for the site or as a good thing, given that it suggests a focus on offering a great service rather than trying to attract potential users with something that could be regarded as a gimmick.

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Features

If you're looking for a site that enables you to trade a broad assortment of popular assets and not just Forex, ITRADER would certainly seem to be a sound choice in this regard.

Of course, Forex itself is present and correct, with attractive spreads and leverage amounts whether you wish to trade EUR/USD, EUR/GDP or for that matter, USD/ILS, to give just some of the vast range of possibilities.

Indices like DOW 30, NASDAQ 100 and CAC 40 are also traded at ITRADER, as are commodities ranging from gold and silver to crude oil, natural gas, coffee, orange juice and wheat.

Add stocks, including European stocks, to that list of assets, and it's clear that ITRADER is committed to giving you the maximum scope to diversify your portfolio.

Platforms

The right platform is crucial to ensuring that you can trade efficiently, easily and successfully, so we were pleased to learn that among the various platforms offered at ITRADER is the sophisticated WebTrader. This platform enables orders to be executed with a single click, and sports such invaluable features as live analysis and charts, trading cubes and the use of a demo account if you so desire.

Another popular form of trading software that makes a welcome appearance at ITRADER is MetaTrader 4, which is renowned for the speed of its analysis and the ease with which it enables traders to execute actions.

Then, there's the ITRADER mobile trading app. This kind of app is a vital addition to the broker's offering in this age of 'on the go' Forex trading, and this particular app is available for both iOS and Android.

Education

The best Forex brokers are always those that also give you lots of assistance to succeed, and it's impossible to claim that ITRADER doesn't do this once you've taken a closer look at its seemingly all-encompassing Education section.

Do you feel that you learn best by scrutinising FAQs, glossaries and ebooks, or would you be best served by watching videos on such crucial subjects as The world of global trading and Currency Pairs? Alternatively, you might want to take on a much more substantial course to really embed those important lessons.

Yes, all of those options are available at ITRADER, together with the likes of tutorials and articles.

Deposits/Withdrawals

There are three broad options from which you will be asked to choose when you come to make a deposit at ITRADER - 'Credit Card + Alternative Payment Methods', '3D Secure Deposit' and 'Bank Transfer'. The site supports Visa and MasterCard credit cards, but whichever option you choose, you can look forward to a quick and fuss-free deposit process.

Bear in mind, however, that there is a £250 minimum deposit amount requirement for those wishing to trade. Withdrawing funds from your account is as straightforward as depositing, and the site does not charge you for either service.

Customer Support

If you need help with anything while a member of ITRADER, all that you have to do is visit the 'Service Desk' section of the site and file a new ticket by completing and submitting the contact form provided.

There are also contact phone numbers and email addresses that traders on the site can take advantage of, together with downloadable remote support software.

As aforementioned, an FAQs section exists as well, replying to such supposedly oft-asked questions as "What are the instruments used in online trading?" and "What spread type do you use?"

Bottom Line

ITRADER may seem rather deficient in the bonuses department and nor is it the most visually spectacular site you've ever seen, but of course, the latter barely matters and the former might not be a great concern to you either.

The 'bottom line' is that ITRADER is a generously featured Forex broker that offers the most industry-renowned platforms for you to use and rich educational resources to help you get the most out of them. Customer support also seems to be strong, and the site is backed by a reputable regulator.

If you're seeking the complete package in your next choice of Forex broker, you could probably do much worse than ITRADER.

 

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