ITRADER Forex Broker

Itrader Forex Broker - Complete Information Guide

1. Broker Overview

　　Itrader, officially known as Hoch Capital Ltd, was established in 2012. The broker is headquartered in Limassol, Cyprus, and operates as a private entity. Itrader primarily serves retail clients, offering access to a diverse range of financial markets, including forex, commodities, indices, stocks, and cryptocurrencies. Over the years, Itrader has garnered a reputation for reliability, attracting a global clientele that conducts thousands of trades monthly.

　　The broker has achieved several important milestones since its inception, including obtaining regulatory licenses and expanding its service offerings. Itrader operates under the brand name of Bayline Trading Ltd, which is regulated by the International Financial Services Commission (IFSC) of Belize. This relationship allows Itrader to offer its services across various jurisdictions, catering to a wide audience of traders.

　　As a market maker, Itrader's business model is centered around providing retail forex trading services, enabling clients to trade various financial instruments with competitive spreads and leverage options.

2. Regulation and Compliance Information

　　Itrader is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 198/13. The broker's regulatory framework ensures compliance with the Markets in Financial Instruments Directive (MiFID II), which promotes transparency and investor protection across the European Union.

　　Additionally, Itrader is authorized by the International Financial Services Commission (IFSC) in Belize, with registration number 60/322/TS/16. This dual regulatory structure allows Itrader to operate within the European Economic Area (EEA) and beyond, offering cross-border services while adhering to the necessary legal requirements.

　　Client funds are held in segregated accounts, ensuring that they are protected from the broker's operational funds. Furthermore, Itrader participates in the Investor Compensation Fund (ICF), which provides additional security to clients by covering up to €20,000 in case of insolvency. The broker also implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to maintain a secure trading environment.

3. Trading Products and Services

　　Itrader offers an extensive selection of trading products across various asset classes. The broker provides access to over 50 forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY. In addition to forex trading, Itrader offers Contracts for Difference (CFDs) on commodities, indices, stocks, and a diverse range of cryptocurrencies.

　　The available CFD products include major indices from the US, Europe, and Asia, as well as a selection of popular stocks from both local and international markets. Itrader continuously updates its product offerings, ensuring that clients have access to the latest trading instruments.

　　For retail clients, Itrader provides a user-friendly trading environment, while institutional clients can benefit from tailored services designed to meet their specific needs. The broker also offers white-label solutions and asset management services, catering to a variety of trading preferences.

4. Trading Platforms and Technology

　　Itrader supports the widely recognized MetaTrader 4 (MT4) platform, which is available in multiple formats, including desktop, web-based, and mobile applications. The MT4 platform is renowned for its advanced charting capabilities, technical analysis tools, and automated trading options, making it a popular choice among traders.

　　In addition to MT4, Itrader also offers a proprietary web trading platform, designed for ease of use and accessibility. This platform provides essential features such as live market analysis, trading cubes for quick access to lot sizes and asset prices, and visual trend indicators.

　　The broker's mobile trading application is compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. With a robust technical infrastructure, Itrader ensures reliable trade execution and minimal latency for optimal trading performance.

5. Account Types and Trading Conditions

　　Itrader offers three primary account types: Silver, Gold, and Platinum. Each account type comes with varying trading conditions, including different spreads, leverage options, and additional features.

• Silver Account: Requires a minimum deposit of $250, with spreads starting at 2.2 pips for the EUR/USD pair and a maximum leverage of 1:200.
• Gold Account: Requires a higher minimum deposit, offering tighter spreads of 1.3 pips for the EUR/USD pair and leverage up to 1:400.
• Platinum Account: The premium account type, which provides the lowest spreads of 0.7 pips for the EUR/USD pair and leverage up to 1:500.

　　Additionally, Itrader offers an Islamic account that complies with Sharia law, ensuring that no interest is charged or earned. Traders can also open a demo account to practice trading without risking real funds. The minimum trade size is typically 0.01 lots, and Itrader implements competitive overnight fees.

6. Funds Management

　　Itrader supports a variety of deposit methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and WebMoney. The minimum deposit requirement is $250, which applies to all account types.

　　Deposits are processed quickly, typically within one business day, allowing traders to start trading immediately after funding their accounts. Itrader does not charge any fees for deposits or withdrawals, though third-party payment providers may impose their own fees depending on the method used.

　　Withdrawal requests are generally processed within 1-3 business days, depending on the payment method selected. Itrader aims to provide a seamless withdrawal experience, ensuring that clients have access to their funds when needed.

7. Customer Support and Educational Resources

　　Itrader offers comprehensive customer support through various channels, including phone, email, and live chat. The support team is available from 7 AM to 7 PM GMT, providing assistance in multiple languages, including English, Spanish, German, and Russian.

　　In addition to customer support, Itrader provides a wealth of educational resources designed to help traders enhance their skills and knowledge. These resources include webinars, ebooks, video tutorials, and market analysis reports. The broker's educational offerings aim to cover both basic and advanced trading concepts, catering to traders of all experience levels.

8. Regional Coverage and Restrictions

　　Itrader operates in over 194 countries, providing trading services to a diverse client base. The broker maintains regional offices to support clients in various markets, including Europe, Asia, and the Middle East. However, certain countries are restricted from accessing Itrader's services, including the United States and others where local regulations prohibit trading.

　　Overall, Itrader provides a competitive trading environment, but potential clients are encouraged to review their local regulations and ensure compliance before opening an account.

　　In conclusion, Itrader broker presents itself as a reliable option for traders seeking access to a wide range of financial instruments and competitive trading conditions. However, prospective clients should carefully consider the regulatory environment and the broker's past performance before making their decision.