iTrader offers 3 different types of accounts to its clients – Platinum, Gold and Silver. In addition to that, there are swap-free accounts for Islamic traders as well that are Sharia-compliant. The platform even offers to trade on micro-lots.
What is iTrader?
iTrader was founded in 2012 and offers to trade in 50 different pairs of currencies. Not only that, but it also offers a wide range of CFDs on stocks, indices and commodities. Hoch Capital Limited owns the iTrader brand and is a market maker when it comes to transactions. The company is a Cyprus Investment Firm and is licensed by Cyprus Securities and Exchange Commission. It applies certain rules and requirements to the Cyprus Investment Firms.
What are the trading conditions with iTrader?
You should take into account the following things:
- Minimum Initial Deposit – If you want to open an account with iTrader, there needs to be a minimum investment of $250. This minimum initial amount is considered to be an average. However, some firms might allow traders to register for lower fees.
- Leverage – iTrader offers a maximum leverage of 1:500, which is a high ratio. The high leverage offers great opportunities of earning good profits on small deposits. However, traders need to be careful while using this. Higher leverage can also mean great chances of losses and can exceed the initial investments.
- Commissions – iTrader allows commission-free floating and trading spreads that vary according to the type of account. The Silver account types have high ones that start from 2.2 pips on majors. Gold account holders can use spreads on the upper end of average, about 1.5 pips. platinum spreads are quite good that start at 0.7 pips. However, one needs to offer a higher minimum initial deposit for this type of account. You can read more about iTrader at https://trustedbrokerz.com/broker-reviews/itrader-review.
The trading platform for iTrader
iTrader supports the Forex trading platform that is the most widely used – MetaTrader4. There are mobile, web as well as PC versions of this platform. It is an internationally acclaimed trading platform and offers a full spectrum of resources and trading tools. There are more than 50 built-in technical indicators and advanced charting package – a wide range of Expert Advisors and extensive back-testing options for them. Traders could download ready-made EAs or create their own. The program can do all the work after that.
What are the methods of payment?
Some payment methods are available to the iTrader clients – like bank wire transfer and credit or debit cards. Some of the popular e-wallet payment systems that are allowed here include Neteller & Skrill are not supported by the platform. EUR, USD and GBP are some of the currencies supported by the payment.
iTrader is a regulated Forex and CFD broker that makes use of the MT4 and other platforms that ensure satisfactory trading conditions. Forex trading is active throughout the year 24/7 and is very volatile. You can get huge profits if you make use of this platform.