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iTrader was founded in 2012, emerging as an online brokerage specializing in foreign exchange (Forex) and Contracts for Difference (CFD) trading. The company has positioned itself to cater to both novice and experienced traders by offering a variety of financial services.
iTrader operates under the ownership of Bayline Trading Ltd., a company registered in Belize. This ownership structure allows iTrader to provide its services across various jurisdictions, leveraging the regulatory framework available in Belize.
The headquarters of iTrader is located in Limassol, Cyprus. This strategic location enables the company to effectively serve clients in Europe, the Middle East, and other regions.
iTrader has a global business scope, providing trading services to clients across multiple continents. The broker's offerings are tailored to meet the needs of a diverse clientele, with a focus on accessibility and user-friendly trading experiences.
iTrader is primarily regulated by the International Financial Services Commission (IFSC) of Belize under license number 60/322/TS/17. Additionally, the company has been associated with regulatory frameworks in Cyprus through Hoch Capital Ltd., which is authorized by the Cyprus Securities and Exchange Commission (CySEC).
Since its inception in 2012, iTrader has achieved several key milestones, including the establishment of a robust online trading platform and the expansion of its service offerings to include various asset classes.
iTrader has continuously expanded its business model to include a wider range of financial instruments, catering to the evolving needs of its traders. The company has adapted to market changes by enhancing its trading platforms and educational resources.
Over the years, iTrader has grown its customer base significantly, attracting both retail and institutional traders. The broker's commitment to providing quality educational content has played a crucial role in attracting new clients.
iTrader utilizes the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface and advanced trading capabilities. The platform has undergone various updates to enhance performance and user experience, making it a preferred choice for many traders.
iTrader has gained recognition in the industry for its educational resources, having been awarded by FX Empire as the Best Educational Broker in 2016. This accolade highlights the broker's commitment to empowering traders with knowledge and tools for successful trading.
iTrader offers a wide range of Forex trading options, providing access to over 49 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to diversify their portfolios effectively.
The broker also facilitates stock trading, offering clients the opportunity to trade shares from prominent companies in the UK and the US. The availability of stock trading enhances the overall trading experience for clients.
iTrader provides a variety of CFD trading products, allowing traders to speculate on price movements without owning the underlying assets. This includes CFDs on indices, commodities, and stocks.
While iTrader does not offer cryptocurrency trading, it provides access to various commodities and indices, broadening the range of financial instruments available to traders.
iTrader distinguishes itself with a strong educational focus, offering a comprehensive education section that includes tutorials, webinars, and market analysis. This commitment to education helps traders make informed decisions.
iTrader is regulated by the following bodies:
The legal entity structure of iTrader varies by region. In Europe, it operates under Hoch Capital Ltd., regulated by CySEC, while in other regions, it functions under Bayline Trading Ltd., regulated by IFSC.
To protect client funds, iTrader maintains segregated accounts, ensuring that client deposits are kept separate from the company's operational funds. Additionally, clients of the CySEC-regulated entity are covered by the Investor Compensation Fund, which provides protection up to €20,000 in case of insolvency.
iTrader serves clients globally, with a particular focus on Europe, the Middle East, and parts of Asia. However, due to regulatory restrictions, certain countries may have limited access to iTrader's services.
iTrader has maintained a relatively clean compliance history, with no significant regulatory penalties reported. The broker's adherence to regulatory standards and commitment to client protection contribute to its reputation in the industry.
iTrader faces competition from several key players in the online brokerage industry, including:
iTrader positions itself as a competitive broker by offering a comprehensive educational platform, a user-friendly trading experience, and a diverse range of trading instruments. Its focus on education and customer support sets it apart from many competitors.
iTrader's unique advantages include its strong educational resources, competitive fixed spreads, and a user-friendly trading platform. The broker's commitment to client support and transparency further enhances its appeal in a crowded market.
In conclusion, iTrader has established itself as a reputable online brokerage with a strong focus on education and customer support. Despite the challenges posed by regulatory environments and competition, the broker continues to adapt and grow, offering a diverse range of trading services to meet the needs of its clients. For more information about iTrader, feel free to learn more about their offerings and services.