About the company:
ITRADER.COM is authorized by the Cyprus Securities and Exchange Commission (CySEC), under license No. 198/13, and is an official trading partner of Manchester City Football Club.
ITRADER.COM provides its financial statements to CySEC for consideration and moderation.
The broker is a member of the Investor Compensation Fund, which is able to pay compensation up to €20,000 per trader in case the broker becomes insolvent.
ITRADER.COM offers three account types: Silver, Gold and Platinum. Higher minimum deposits are required for Gold and Platinum accounts, while these accounts charge lower spreads. ITRADER.COM also provides swap-free (Islamic) account type.
The company offers competitive spreads and the leverage up to 1:500 for the minimum deposit of $250 (which can be easily withdrawn via the credit card or wire transfer). With this amount, you can also open Silver account.
Traders can set up their account within a few minutes as soon as all the necessary documents are uploaded.
ITRADER.COM provides traders with a wide range of assets including individual stocks, commodities, gold, oil, forex, indices and shares. Many instruments can be traded as CFDs.
Contracts for difference (CFDs) give traders all the advantages of owning a certain position without physically owning the underlying asset, which allows customers to trade price changes in several commodity and stock markets using leverage.
ITRADER.COM provides free trade with zero rates and also has rather competitive spreads that reach 0.7 pips for the EUR/USD pair for holders of Platinum accounts. To give you an idea of the difference between the account types, the lowest spread for the EUR/USD pair for Silver account is 2.2 pips.
Leverage of up to 1:50 is available for forex, 1:125 for commodities and indices and 1:50 for individual stocks, meaning that a $5,000 account can open a position worth $250,000 on an individual share.
The demo account is available for newcomers or traders who want to practice new trading strategies before moving on to a real account.
The broker offers Metatrader 4 and Webtrader platforms.
ITRADER.COM provides 30 European shares and 50 North American stocks for trading. There is also a wide range of commodities, including corn, cocoa and orange juice.
ITRADER.COM has a comprehensive education solution for its clients. It provides several e-books for downloading.
The website also contains tutorials on how to use the PC and mobile versions of MetaTrader 4 platform, as well as a fairly wide range of written materials about Forex.
Bonuses and campaigns
ITRADER.COM offers no bonuses or advertising campaigns. This can be interpreted as a sign that the company is more interested in attracting customers with a good service.
It is possible to deposit money via VISA, MasterCard cards and wire transfer. Money withdrawal is made through a wire transfer.
ITRADER 2/10 (votes 2191)