Min.Deposit: 250 USD
Spreads: from 0.7 pips
US Clients: No
Bonus: up to $30k
ITRADER website is owned and is being operated by Hoch Capital Ltd. The headquarters of the brokerage firm is located in 5 Christaki Kranou, Germasoya, Limassol, Cyprus. ITRADER currency broker is regulated and licensed by CySEC.
The company offers spreads which are quite reasonable for its market and a very high maximum leverage of 500:1– all for a minimum deposit of just $250 (which can easily be deposited via credit card or wire transfer). The minimum deposit ensures a qualification for a Silver account, whereas greater amounts must be deposited to qualify for a Gold or Platinum account.
ITRADER.COM provides commission-free trading, with absolutely zero fees – and also has pretty competitive spreads, which go as low as 0.7 pips on the benchmark EUR/USD currency pair for Platinum account holders. To give you an idea of the differences between the different account types, the lowest spread in the EUR/USD currency pair that a Silver account holder would expect to see is 2.2 pips.
Leverage of up to 500:1 is available for Forex, 125:1 for commodities and indices, and 50:1 for individual stocks – meaning that an account funded with $5,000 could open a $250,000 position in an individual share.
ITRADER Forex broker offers up to 30,000 USD welcome bonus. This offer is attractive in both, size and terms and conditions, so we advise you to get it when you sign up with ITRADER.
ITRADER Trading Platform
iTrader supports the most widely used forex trading platform, MetaTrader4 (MT4). It comes as a PC, web and mobile versions.
MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.
ITRADER Methods of Payment
payment methods are available to iTrader clients: credit/debit cards and bank wire transfer. Popular e-wallet payment systems, such as Skrill & Neteller are not supported by this broker.
iTrader is a well-regulated forex & CFD broker that utilizes the popular MT4 and offers satisfactory trading conditions. We strongly recommend this broker.