ITRADER Review

iTrader Review

Managed and owned by Hoch Capital Ltd., ITRADER is a trading company that allows its clients to trade stocks, CFDs, currencies and commodities through the MetaTrader 4 platform and Webtrader. ITRADER provides three account types with varying degree of benefits Silver, Gold and Platinum.

Regulation

ITRADER is regulated by CySEC which implements rules for Investment Firms in Cyprus. An example of those rules CySEC implements is that firms must maintain tangible assets worth at least €730,000 as proof of their financial stability. CySEC also requires brokers to set apart the company’s operating funds from the funds of the customers. In case of bankruptcy, compensation of up to €20,000 per individual is able to be paid out as companies regulated by CySEC are members of the Investor Compensation Fund.

Initial Deposit

Traders must invest a minimum of $250 to open an ITRADER account. This amount is deemed the average amount.

Trading Platform

MetaTrader4 (MT4) is ITRADER’s trading platform of choice which comes on PC, web and mobile versions.

MT4, being a very well known and loved platform, overs several features, and resources. MT4 has an advanced charting package, more than 50 technical indicators and a variety of Expert Advisors which traders can download already made ones or create a personal Expert Advisor.

Payment Method

Clients are able to receive payment through the following methods of payment: credit cards or debit cards and bank wire transfer. ITRADER also supports Skrill and Neteller as payment methods.

The currencies ITRADER accepts are USD, GPB and EUR.