ITRADER Broker Review

Itrader 2025 Review: Everything You Need to Know

　　Summary: Itrader, a brokerage founded in 2012, has faced significant regulatory challenges, including a suspension of its CySEC license and a ban by the FCA. While it offers a diverse range of trading assets and competitive spreads for higher-tier accounts, its reputation has been marred by complaints about misleading marketing practices and withdrawal issues.

　　Note: It is crucial to be aware that Itrader operates under different entities across regions, which can affect the level of regulatory protection available to clients.

Ratings Overview:

• Account Conditions: 5/10
• Tools and Resources: 6/10
• Customer Support: 4/10
• Trading Setup (Experience): 6/10
• Trust Level: 3/10
• User Experience: 5/10
• (Optional) Educational Resources: 6/10

　　We rate brokers based on a combination of user feedback, expert analysis, and regulatory compliance.

Broker Overview:

　　Founded in 2012, Itrader operates under the brand of Hoch Capital Ltd and is headquartered in Limassol, Cyprus. Initially regulated by the Cyprus Securities and Exchange Commission (CySEC), the broker has since faced multiple regulatory challenges, including the suspension of its license. Itrader primarily offers the MetaTrader 4 (MT4) trading platform, which is widely recognized in the industry for its robust features. The broker provides a variety of asset classes, including forex, commodities, stocks, indices, and cryptocurrencies.

Detailed Section:

• Regulated Geographic Regions: Itrader was previously regulated by CySEC in Cyprus and the International Financial Services Commission (IFSC) in Belize. However, its CySEC license was suspended in 2020 due to regulatory violations, and it has since operated without robust regulatory oversight.
• Deposit/Withdrawal Currencies/Cryptocurrencies: Itrader accepts deposits in USD, GBP, and EUR, and allows withdrawals through various methods, including credit/debit cards and bank wire transfers. However, some users have reported delays in the withdrawal process, taking up to seven business days.
• Minimum Deposit: The minimum deposit to open an account with Itrader is $250, which is higher than some competitors but reasonable given the range of trading options available.
• Bonuses/Promotions: Itrader does not currently offer any bonuses or promotions, which is in line with regulatory restrictions in Cyprus and the UK.
• Tradable Asset Classes: The broker offers a wide array of trading options, including over 50 currency pairs, various commodities, stocks, indices, and a notable selection of cryptocurrencies.
• Costs (Spreads, Fees, Commissions): Itrader operates on a spread basis rather than charging commissions. The spreads vary by account type, with the silver account starting at 2.2 pips for EUR/USD, while the platinum account can go as low as 0.7 pips. However, some users have expressed concerns about the transparency of these spreads.
• Leverage: The maximum leverage offered is up to 1:500 for professional clients, but retail clients are limited to 1:30 due to regulatory restrictions.
• Allowed Trading Platforms: Itrader supports the widely-used MT4 platform, which is available in desktop, web, and mobile versions. However, some reviews indicate that the mobile application has received negative feedback for lacking essential features.
• Restricted Areas: Itrader does not accept clients from the United States, reflecting its regulatory challenges and compliance issues in various jurisdictions.
• Available Customer Support Languages: Customer support is available in several languages, including English, Spanish, Russian, and Portuguese. However, the support has been criticized for being slow and unhelpful.

Ratings Recap:

• Account Conditions: 5/10 - The tiered account structure offers varying spreads and services, but the minimum deposit is higher than average.
• Tools and Resources: 6/10 - Educational resources are available, but their effectiveness is questioned due to a lack of engagement.
• Customer Support: 4/10 - Limited support hours and mixed reviews on responsiveness.
• Trading Setup (Experience): 6/10 - The MT4 platform is robust, but the mobile app has received criticism.
• Trust Level: 3/10 - Regulatory issues and negative user experiences raise concerns about trustworthiness.
• User Experience: 5/10 - The website is user-friendly, but the overall experience is marred by regulatory issues and customer complaints.
• (Optional) Educational Resources: 6/10 - While educational materials are provided, their quality and accessibility are in question.

Detailed Breakdown:

　　Account Conditions: Itrader offers three account types—silver, gold, and platinum—each with increasing benefits. The silver account has a high spread of 2.2 pips for EUR/USD, while the platinum account offers a more competitive 0.7 pips. However, the requirement for a minimum deposit of $250 is a barrier for many new traders.

　　Tools and Resources: The educational offerings include webinars, e-books, and tutorials, yet many users report that the materials do not adequately prepare them for trading. The research section is underwhelming, lacking depth and detail, which is essential for traders looking for strategic insights.

　　Customer Support: Itrader's customer support has been criticized for being slow and unhelpful, with limited hours (7 AM to 7 PM GMT). Many users have reported difficulties in resolving issues, which can be frustrating for traders needing immediate assistance.

　　Trading Setup (Experience): The MT4 platform is a solid choice for traders, providing a range of tools and features. However, the mobile app has not received favorable reviews, indicating a gap in functionality for on-the-go traders.

　　Trust Level: Given the broker's history of regulatory issues, including the suspension of its CySEC license and bans from the FCA, trust levels are low. Users should exercise caution when considering Itrader as their broker.

　　User Experience: The overall user experience is mixed, with a well-structured website but significant concerns regarding the broker's reliability and transparency. Many users have reported feeling misled by the broker's marketing practices.

　　Educational Resources: While Itrader provides some educational materials, the quality and depth of these resources are lacking, leaving many traders unprepared for the complexities of the market.

　　In conclusion, Itrader has a mixed reputation, with significant regulatory challenges and user complaints impacting its overall standing in the market. Prospective traders should carefully consider these factors before opening an account with this broker.