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ITRADER Forex broker specializes in providing foreign exchange trading services, the company's official website https://global.itrader.com/onboarding, the company's legitimate regulatory information BelizeFSCRetail Forex License, to enhance the security of the company's address .

ITRADER Forex Broker

Basic information

Registered region
United Kingdom
Operating period
--
Company Name
Bayline Trading Limited
Abbreviation
ITRADER
Company employee
--
Customer Service Email Address
Support@global.itrader.com
Contact number
+44 2080684898
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation ITRADER is operated by the company Bayline Trading LTD, which incorporated under the laws of Belize and bearing the registration number 136374 from IFSC (International Financial Services Commission). Bayline Trading LTD doesnt fall under any regulatory agency, so ITRADER is an unregulated broker. Market Instruments ITRADER offers quite a large selection of tradable securities: forex currency pair, stocks, commodities, indices, and other Contracts for Difference (CFDs). Minimum Deposit When it comes to deposits, the broker has a minimum deposit requirement of $250. Although this initial deposit amount doesnt go too overboard, this unregulated broker is the one traders should stay away from. Leverage The maximum trading leverage offered by ITRADER is up to 1:500 for forex trading. Since leverage can amplify your gains as well as losses, traders should be very cautious when using leverage. Spreads & Commissions ITRADER offers three trading accounts, each of them coming with different spreads: for instance, the Silver account has a bid-ask price difference of 2.2 pips for the EUR/USD Forex pair, while Gold goes down to 1.3 and Platinum to 0.7, which is the shallowest spread on the platform. Besides, ITRADER claims that it doesnt charge any commissions. Trading Platform Available When it comes to actually trading with Global.ITRADER, the broker provides its traders the widely recognized trading platform – MetaTrader 4.Besides, traders can also get free access to mobile trading apps for both iOS and Android. Deposit & Withdrawal ITRADERs withdrawals and deposits methods are powered by both traditional (bank wire, credit cards) and alternative (Neteller, Skrill) financial platforms. None of these methods have commissions on either deposits or withdrawals, however, withdrawals can sometimes take 5 days to complete, which is a bit of a bummer. Customer Service ITRADER.COM is available in 4 languages: English, Russian, Spanish, and Portuguese. Apart from Email and telephone, live chat can also be available at ITRADER.

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Latest Reviews

FX1479526564

FX1479526564

South Africa

Terrible experience with ITRADER! I found out that they had shut down their website! Then I found out that they were no longer accepting new clients, which made me wonder what was going on. To make matters worse, I found out that they were unregulated, which is a huge risk when it comes to your money. But the worst part was when I tried to withdraw my funds. It took too long! Even five days have been passes, they haven’t processed my withdrawal.

Neutral

2023-04-24

Yurio

Yurio

United Kingdom

To be honest, their MT4 platform is pretty good, and I've been able to make some decent profits using their 1:500 leverage. But for starters, their minimum deposit is pretty high compared to other brokers. And their spread is way too high, especially for major currency pairs. And when it comes to withdrawals, it's a real pain. All in all, I think there are much better brokers out there. If you're considering ITRADER, I would advise you to proceed with caution.

Neutral

2023-04-24

FX1349898377

FX1349898377

New Zealand

I am currently a full-time trader and use this platform to trade Forex in my spare time. work history at this firm dating back to October 2022. Rapid deposit was a pleasant surprise. have successfully completed three withdrawals in as little as 48 hours. When compared to my prior broker, support agents on the live chat are incredibly quick to respond. They are doing good and things are going smoothly for them.

Neutral

2023-03-22

ITRADER Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.33, Software Index 4.00 Risk Control Index 0.00.