ITRADER is an online forex and CFDs broker that is managed and owned by Hoch Capital Ltd. The broker is fully regulated, with the CIF license no. 198/13 and comes under the oversight of the Cyprus Securities Exchange Commission (CySEC). With their team of experts in financial trading and web-commerce, ITRADER has managed to set up a safe and secured trading environment for their clients to trade in various financial instruments 24/5 and with the peace of mind that their interests will be looked after by their broker. ITRADER known as Official Partner of Man City.
For trading access, ITRADER offers their traders a choice of 3 different types of trading platforms. They consist of:
- MetaTrader 4
- Mobile Trader
The MetaTrader 4 Platform
Developed by MetaQuotes Software, the MT4 trading platform is considered to be the industry standard trading platform and is adopted by thousands of brokers worldwide. Well liked by beginner traders and experienced traders, the MT4 features a wide range of tools that give its users the ability to trade the dynamic financial markets in a more efficient manner. On the MT4 platform, you will find:
A comprehensive charting package with all the main technical indicators
Automated Trading Capability
A well designed User Interface
The ITRADER WebTrader is an alternative trading platform for traders who want to trade straight from the internet without having to download or install any software. Web based and compatible with most web browsers, the WebTrader platform comes with:
- Full package trading charts
- Innovative Trading Cubes display
- Live Analysis
- Visual representation of major market trends
Mobile Trader Platform
And for traders who are constantly on the move, they no longer have to miss out on trading the markets with ITRADER’s Mobile Trader. Designed for mobile devices such as smartphones and tablets, traders can download the trading app and install it onto their mobile devices to bring the world of online financial trading right into the palm of their hands.
Trading accounts are available in the form of:
- Silver Trading Account
Maximum leverage ratio 1:200
5 days withdrawal processing time
- Gold Trading Account
Maximum leverage ratio 1:400
3 days withdrawal processing time
Dedicated account manager
25% swap discount
- Platinum Trading Account
Maximum leverage ratio 1:500
2 days withdrawal processing time
Dedicated account manager
50% swap discount
Islamic account available
The Islamic trading account is a trading account which conforms to the Islamic Sharia law on the concept of “No Riba”. It gives traders the benefit of:
- Commission free trading
- No interest on overnight positions
- Dedicated account manager
In order to open a live trading account with ITRADER, you will need to make a minimum initial deposit of 250 USD/GBP/EUR.
- Commission & Spreads
The spreads which are payable at ITRADER depend on the type of trading account that you are trading from. For the Silver trading account, the minimum spread for the EUR/USD starts from a minimum of 2.2 pips. The minimum spreads for the Gold and Platinum accounts for the EUR/USD currency pair are 1.3 pips and 0.7 pips respectively.
At ITRADER, the customer support services are provided on a 24/5 basis and in English, Arabic and French. Traders can communicate with the support team using email, live chat, Whatsapp, Web contact form or the telephone. For telephone support, there are also several localized number which traders can call to request for assistance.
- Choices of Trading Accounts
- Multi-Lingual Support
- Regulated Broker
- Selection of Trading Platforms
- Wide range of communication methods
- FAQ not detailed enough
- Islamic account only available for Platinum account holder
- No ECN trading available
They become famous in short way being Official Partner of Man City FC. They need to keep level of services in a different level if they want to be number one trading company. They need to improve customer service and account manager services. Nevertheless they already put the difference against most of their competitors.