iTrader Review: Scam or Legit – Read Before Trading
iTrader is a very reputed brokerage firm that has gained grounds in a short amount of time. It was founded in 2012 and has opened its portals to online traders everywhere. It is claimed that it is very trustworthy but let’s find out.
You must have heard a lot about brokers and trading platforms if in case you are an online trader. But you also must have heard about frauds at various cryptocurrency platforms. These frauds are spread wide on social media and are very famous. It will be interesting for you to know that all these frauds are committed by brokers only. But how is that possible? Don’t worry, we’ll explain it to you!
Every time you register at a cryptocurrency trading platform or any trading software for that matter, you are required to enter your country of residence. This is essential because you are supposed to be matched with a broker in your region who will place your deals. This is pretty much how every automated cryptocurrency trading robot works. But if these brokers are replaced with scammers, then every deposit you make will go wasted.
If these scammers become prominent, then you will face consistent losses which have been observed on all fraud software. We hope you are now able to acknowledge the significance of excellent and trustworthy brokers. This is why in this article, we are going to discuss a top-rated brokerage firm called iTrader. If you look upon any search engine, you will be able to observe scam as well as trustworthy reviews. This might confuse you.
iTrader is basically an online broker that provides its clients with CFD trading of Forex, indices, stocks and commodities as a trading platform. The head office located in Limassol, Cyprus, is the world headquarters. Also, iTrader is a brand that offers its European traders and to all the non-European traders from the countries that are: United Arab Emirates, Switzerland, Qatar, Philippines, Malaysia, Georgia, Brunei, Montenegro, Jordan, Ukraine.
But we are going to give you an unbiased iTrader review regarding the same. Therefore, if you are new to all of this, read every word very carefully to avoid any unnecessary losses later on! Let’s get started!
What is iTrader?
If you have traded online, then you would know that a broker is almost an essential part of using automated trading software. iTrader is such a broker that has made its impact on a lot of people. It was only started in 2012 but has gained popularity all over the world. Even so, it is one of the most trustworthy and reputed brokers which can be used very quickly.
Every broker should provide its users with efficient payment systems which are safe and secure. Brokers should also offer easy registration and transparency. You will be glad to know that iTrader does precisely the same. It is a great software which is the reason why it is so popular and deputed. It also provides excellent client support in case you are a newcomer, and you face any problems while trading online.
iTrader has a specialization that offers forex services to all the traders that are associated with this company. The company is exiting from 2012 and has a headquarters based in Limassol, Cyprus. Hoch Capital LTD owns it. Plus their website looks terrific, clean, professional, user-friendly and uncluttered with excellent navigation capabilities.
They are regulated and claimed by CySec, abbreviated for Cyprus Security and Exchange Commission. You are absolutely in right hands as they separate and review each of their client accounts daily. Plus give a financial report to CySec so that they can stay moderated and have an overall review.
The regulation status with CySec, the Cyprus Security and Exchange Commission, has two most important resolutions for the trades going on. Firstly you have to follow the conditions that are set by the firm and other authorities of the financial industry.
Also, because of their association with CySec to make them stand apart from the Investor Compensation Fund. Additionally, it protects traders funds that range up to 20,000 Euros if any iTrader agonizes from insolvency. By this way, it meets the particular industry standards to provide services to all the ordinary public, and it is guaranteed.
On many sources, you will find a lot of popular positive reviews regarding iTrader. These reviews given by real-time users portray the legitimacy that iTrader has. It has undoubtedly kept peoples information safe and has genuinely helped them create profits. If you think we are biased, then you should look up at any search engine, and you won’t be disappointed by the reviews.
Is iTrader a scam?
Don’t worry; it’s not your mistake. Ever since automated cryptocurrency trading software has been invented, people have been giving mixed responses to the same. If we talk about trading software or brokers, both of them, have received mixed reviews. Some may say that particular software is excellent, it’s trustworthy and worth giving your time to while the other may consider it a hundred per cent fraud.
But rest assured let us delightfully inform you that this software is 100% trustworthy and reputed. If you read about a trader at a particular website and it quotes this platform to be a scam, then you should know that it is only defaming the broker. We say this because the broker firm has received positive reviews from high-quality trading software is as well as regular users.
Moreover, in a bid to reduce the popularity of a trader, it is maybe the competitive brokerage firms who have written those reviews to destabilize the success of this brokerage software. They offer everything you need to trade in CFDs and Forex as well. Moreover, if you face any problems, you can contact their excellent customer service, which will do anything to do away with your query.
Is it well regulated?
Whenever you look up reviews of brokerage firms, make sure that you take a look at their licences and regulations. Licensed brokers always make sure that they assist users in creating profits rather than giving away their hard-earned money in the form of frauds. In the case of this software, you will be glad to know that it is very well regulated and licensed by a majority of authorities in every country that it is available.
This platform is licensed by Cyprus Securities and Exchange Commission which operates according to the Markets in Financial Instruments Directive. The most important priority of this directive is the safety of the investor. As such, your money will be safe in the hands of this broker, and you don’t have to worry about it going lost. Not only this it is also licensed under several different authorities in countries like Norway, Austria, Denmark, Greece, Estonia Etc.
Also, there is another added advantage that’s is it has several resources and trading tools. These are accessible through the award-winning forex trading platform, namely MetaTrader 4. The MT4 platform enables all of its traders to take part in the charting tools, Expert advisors access to a massive real-time economic news through a feed and also technical indicators.
iTrader ensures that all of its traders can take part in an ever-growing and evolving trend of on the go forex. You can do this by having Mobile Trading platforms that are available for both Smartphones and tablet.
To ease traders the trade id directly through the web so that you do not need any downloading of software. iTrader is developed to be a WebTrader Platform that gives traders to trade all the accessible trading platforms that include currencies, commodities, metals, stocks, CFDs and indices.
All licenses and regulations mean that this platform is subjected to checks by authorities under which it is regulated. This directly implies that no potential commissions or hidden costs are taken away by the broker. And you should be not worried at all about the investment that you’re making. All in all, it contributes to a hassle-free experience while trading online. Moreover, if there is a dispute between you and the broker, then you will be ensured fair treatment. How cool is that?
you will be happy to know that there are no commissions or hidden charges that might get deducted from your deposit. This is an excellent feature of a legitimate brokerage firm that does not intend to minus undue amount from the investment that people make on this platform. Thus, everything that you gain will be yours.
we are delighted to tell you that this platform also offers mobile trading for people who don’t carry their big pieces of equipment. You will be able to connect to the market anytime and wherever you want to begin trading. It is super straightforward and swift to use.
iTrader Account types:
when you consider this option at a trader, then you are spoilt for choice. There are three options that you can use to make an account at this platform. These include a silver account, a gold account as well as a platinum account. You can choose all of these about your interests.
this account is primarily available for Muslims. It is because some of them are forbidden to operate accounts with overnight commissions. It is possible for all the three types of accounts for people to choose from.
Deposits and withdrawals:
The minimum amount that you can deposit is $250. This is an essential amount and almost nothing as compared to your savings about online trading. The payment options available are wire transfer, credit card and debit card, e-wallet, etc. Moreover, no third parties are allowed during transactions. So you shouldn’t worry about your money getting lost.
one of the critical elements of this software is educating users regarding online trading. For this purpose, it offers four e-books that can be downloaded whenever you wish to do so. This is an excellent alternative for people who would like to enhance their knowledge about trading and other principles to pay attention to while trading.
iTrader Demo trading:
There are a lot of genuine brokers on all the automated cryptocurrency platforms. This option lessens the number of slight losses that anyone faces. All the cases are considered as they do not know how to trade beforehand. And this is free for 14 days. This option is for all the people who do not have prior experience of any online trading
We wish for our customers with fewer hassle activities after reading this guide so that they do not face any problems. You do not have to worry if you still face a dilemma. This platform has an excellent customer care service that is accessible to all. Whenever you have any queries, you have to fill a simple form of all the questions that are sent. It lets you connect to the executives, and if you have any issues, then it is solved in minutes.
You are again spoilt for choice in this category. This brokerage firm offers you a great variety of payment methods so you can suit your requirements and choose whichever you feel comfortable with. The payment methods include secure bank wire, MasterCard, Vload, Skrill, American Express, Maestro, Qiwi, Web Money, Neteller, etc.
How do I register myself on iTrader?
Now that you know the complete information about this brokerage firm, it’s time for you to look for the registration options. We are delighted to inform you that registration is straightforward on this platform. And you do not need to go to entire questionnaires as to get yourself successfully registered here.
To register yourself on iTrader navigate to the official website by typing the URL into your browser. After the site opens, look for the registration option. Enter all your details, and make sure that they are as genuine as possible. Once you get verified, you will be successfully registered on the platform. Make sure that you pay special attention to your verification because your deposits and withdrawals will not be processed unless you are a verified user.
How do I begin trading?
In order to begin trading with any trading platform, you first need to deposit your initial capital. At iTrader, you will be redirected by a safe, secure an extremely efficient payment processing system. There is a range of convenient options which you can use to make your deposit as well as withdrawal at this platform. You will be glad to comprehend that these are very safe and can be used easily.
The options available include Secure Bank Wire, MasterCard, Visa, Neteller, Kiwi, Web Money, Yandex, American Express, etc. The minimum amount that you can deposit on this platform is $250. After collecting the very minimum amount, you can begin trading, which is an excellent feature that the software offers. The withdrawal requests are processed in 24 hours itself.
The Demo trading mode is available for people who do not have any prior experience in trading. If you are a beginner, then you should undoubtedly opt for this mode and educate yourself regarding all the settings that might require adjustments later. You should undoubtedly go for this option, but you have to pay attention to a small detail here. This option is only available up till 14 days so make good use of it.
On both the trading platforms traders can trade through various assets, which includes cryptocurrencies, currency pairs, CFDs, spot commodities as well as the leading equity indices. The official website also claims that it is one of the largest markets in the world in terms of transaction volume and trading currency pairs. Isn’t that awesome?
Pros / Cons
- It is a well-structured, brokerage firm.
- The withdrawals and pay-outs a process very safely.
- It has an active customer care service and will help you any time.
- It is indisputably not a fraud.
- There are multiple account options to be chosen from.
- It is one of the most fruitful brokerage firms.
- One can trade through many possibilities here.
- The demo mode is not available for more than 14 days.
It encompasses a variety of features on this software. It offers its customers a lot of functionalities to ponder upon. It provides multiple account options, customer care support and straightforward withdrawals and pays out methods. It also has a good reputation in forex trading scene and makes it a go-to destination for anyone interested in online trading.
Although we support the fact that if you are a beginner, then you should invest a minimum amount as deposits. This keeps you secure against all the slight losses that one can face if any trade goes wrong.
So that you might face if you are trading goes wrong. Let’s know if you have any questions about our iTrader review.
Is iTrader a scam?
No, it is a hundred per cent legitimate.
When are withdrawals processed on iTrader?
It takes 24 hours to process your withdrawals.
Is registration a stressful affair?
No, it will almost take 30 seconds to complete.