ITRADER Review: Is ITRADER A Good Broker For You?

I filled out all the documents needed and send several proofs of my bankaccount but all rejected. Seeking Alpha is a comprehensive financial market analysis platform that offers investors access to a vast library of expertly curated content, including research articles, earnings call transcripts, and stock ratings, as well as a suite of portfolio management tools. IBD SwingTrader is the brainchild of Investor’s Business Daily, a company that provides a curated list of stocks, complete with trade plans, alerts, and annotated charts through a simplified beginner-friendly platform for swing traders. FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.

Which live trading accounts does ITRADER offer?

A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately.Itrader market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Itrader market orders are popular as they are a fast and reliable method of either entering or exiting a trade. Itrader mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Realised after the fact but my deposit was returned within a few days in full . All information on bestbroker88.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Warning as of 28 May 2020 imposed by the UK’ FCA in regards to Hoch Capital and its trading names Trade ATF (TradeATF) and iTrader as the broker was detected in acting in a manner which is clearly prejudicial to the interests of investors. As for the trading costs, iTrader does not charge the commission, instead, all executions are subject to the variable spread, that varies according to the account too, see a comparison between accounts below.

· Financial Regulation

Therefore, the exercise of iTrader investment activities and the operation of regulated markets is in accordance with the rules of MiFID in the European Union, which has the right to cross-border services. Online trading platforms like Itrader are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Itrader. The Itrader trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Itrader. Itrader non-trading fees include a variety of Itrader brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the Itrader trading platform.

Itrader Apple IOS Trading Platform

  • Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.
  • A Itrader web trading platform is a piece of software that is used for trading.
  • The ITrader system is designed to cope with this and even present you with options that you would not receive with other systems.

Though it does not specifically cater to swing traders, the company offers expert advice backed by extensive research, transparency, and a long-term investment approach. The currency pairs are one of the most popular trading instruments because they offer 24/5 trading, high leverage, and fast order execution. A trading account with this forex broker will give you access to a total of 50 currency pairs including major, minor and exotic pairs. The next image below shows some of the most popular currency pairs. With the ITRADER mobile app, available in Google Play and the App store, the investors can access their accounts through their smartphone, tablet or iPad. The app allows the traders to monitor the investments, open trades and in general managing the account as an overall.

SwingTrader Features

Additionally, this forex broker can offer its services to all the 28 EU member states and countries outside the EU including Qatar, Switzerland, Ukraine, United Arab Emirates, or Malaysia to name a few. ITrader offers competitive spreads although Gold and Platinum account holders will be able to take advantage of the lower costs. For example, Silver, Gold and Platinum accounts can enjoy spreads of 2.2 pips, 1.3 pips and 0.7 pips, respectively for the EUR/USD currency pair.

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No mention is made, on their website, about how they are transferred to clients; this represents a significant oversight. Launched in 2012, ITrader is a CFD broker headquartered in Limassol, Cyprus (EU). ITrader is operated by Hoch Capital LTD and regulated by CySEC (License No.198/13). Their website is available in English, Spanish, Russian, French, Lithuanian, Swedish, Italian, German, Portuguese, and Dutch. Customer support is available 24/5 via phone, live chat, and email. What iTrader brings to the table is a platform with optimal trading conditions and first rate services that would greatly give their clients a lot of advantage.

  • The Itrader user interface (UI) is what Itrader traders will see and interact with first when trading with the Itrader trading platform.
  • Our Itrader account was validated in 1 day, but live Itrader trading account verification times will vary depending on the time it takes to process your KYC documents and Itrader trading account application.
  • Trading videos on Itrader help new and even more experienced investors gain insights into Itrader technical analysis tools and how the different financial markets work when trading on Itrader.
  • Mobile trading developed by the broker also, which allows you to gain access free of charge and enjoy full control under the account, investment monitor and trades openings.
  • It is completely internet based; ensuring there is no time wasting downloads or updates.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers. For purposes of comparison, XM’s average spreads on the commission-free accounts amount to 1.7 pips on EUR/USD, while the ones on the Zero account type are averaged 0.1 pips on EUR/USD and involve commission of $5 per standard lot (per side). – Platinum spreads are really good, starting out at 0.7 pips for the EUR/USD pair, however supposedly the minimum initial deposit for this account type are high.

A Itrader inactivity fee is a sum charged on Itrader brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees. Mobile trading developed by the broker also, which allows you to gain access free of charge and enjoy full control under the account, investment monitor and trades openings. You can also receive the latest reports on the market, analysis and updates straight to the phone. On the same day I realised the kind of business I´m dealing with and put a request for withdrawal my money.

Additionally, the range of trading accounts with different parameters of spreads, leverage, and services allows the traders to choose the one that fits their trading strategy appropriately. Also, the trading platform solutions given by the EU-based forex broker gives the trust needed to work with top tech when it’s time to trade. Customers, are the most valuable asset for ITRADER and they receive the comfort of a well-established operation that is dedicated to excel in the provision of high-quality services in the financial markets.

The money needed to be a swing trader will vary with your budget, risk tolerance, strategy, and choice of stock, but ‌it is a good idea to start with $5,000-$10,000 and limit each trade to roughly $100. Each trade should ideally be under 1-2% of the total balance to mitigate risk. Roughly 90% of swing traders stop trading in their first year, making very little, and often losing money.

The goal of the Itrader trading UI is to make the Itrader user’s experience intuitive. The Itrader application has good user experience and a good level of customer satisfaction. Furthermore, Global.ITRADER broker offers floating spreads for all real account types. There is nothing bad in floating spreads and most of the time they will be lower that fixed spreads offered by other Forex brokers. The size of the spread is determined by the trading account itrader review type, i.e. Considering that MT4 is the main platform available, clients trading with ITRADER can use already existing Expert Advisors.

The main aim of Itrader Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Itrader.As a Itrader Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Itrader. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Itrader. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Itrader.

Like most brokers, iTrader offers a virtual private server (VPS) that you can use for hosting your MT4 EAs, providing extra protection when trading forex. As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €20,000 EUR per person, If the company ceases trading or becomes insolvent. In addition, iTrader offers swap-free (Islamic) accounts, which are Sharia compliant (for Muslim investors who are unwilling to pay or earn interest for religious reasons). Taught by Mohsen Hassan, a highly experienced trader and the founder of Bloom Trading, there is a lot to learn in the short course, including how the stock market works, the difference between exchanges, trading psychology, and more. Swing trading is a more advanced form of trading than long-term trading. Since you turn over a stock quicker than once every 1-5 years, swing trading is fast pace, requires more time analyzing, and has more opportunities to lose (and make) money.

The most common non-trading fees include Itrader withdrawal fees, Itrader deposit fees and Itrader inactivity fees. The majority of Itrader trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options.A Itrader stock trading fee is a brokerage fee that is charged when you buy or sell stocks.

Sheryar Khan

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