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The iTrader WebTrader is a web-based trading platform available to users of any device with an internet connection and a browser. The key features for the iTrader WebTrader are live analysis and charts, trading cubes for convenient trading, graphic trends and a 14-day free and unlimited demo account. There is also one-click trading and social trading integrated which allows you to view the trades of other top traders on the platform.

CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money. They have several portfolios, most notable on their website is the GBPUSD portfolio which did 93% returns in the last year. Please understand that past performance is not indicative of future performance. In order to know more, you will have to talk to your account manager.

The UK regulator believes that fraudulent advertisements may have led UK investors to lose hundreds of thousands of pounds. “Hoch Capital Ltd is not permitted to provide regulated financial services to residents of the United Kingdom.” – FCA mentions, read more by the official warning link. Despite that Hoch Capital is CySEC regulated broker, FCA considers its trading practices and aggressive marketing promotion in the UK controversial to its MiFID obligations. Any broker that tries to retain the money of the investors is not on the right path.

Maximum Leverage

The broker takes payments in multiple currencies, including USD, GBP, and also EUR, despite not having the authorization to provide services in the countries that use those currencies. Traders can fund their accounts through credit and debit cards, bank wire transfers. This broker doesn’t accept any of the popular e-wallets that many traders use. The broker also offers a mobile app for iOS and Android devices.

• We show reviews chronologically, and you can filter by star rating, language, location, or keyword.
• They are not licensed to operate in the U.S., so if you live in the U.S. and someone is talking to you about investing in or using iTrader then you know immediately that you’re being scammed.
• ITrader Legacy DataWe have created a tool to migrate the previous existing data that communities and will release it in phases, much like the overall rating feature.
• For personal trades, cards must be sent within 30 days of the acceptance of a trade unless other arrangements have been made and agreed to between two traders.
• The broker takes payments in multiple currencies, including USD, GBP, and also EUR, despite not having the authorization to provide services in the countries that use those currencies.

When it comes to the pros and cons you’re definitely getting a whole lot more in the pros than you might think. And this company doesn’t have a whole lot that you should be considering against them. So, take a look at the features we mentioned above and see what you think about them for yourself. EBooks, videos and other training materials and articles are all offered and they give you advice on how to trade with different tools as well as using things like psychology. They’re written by some of the best experts around and they’re going to be written by some of the people who work within the company as well.

There is no source to figure out if the data is really from their website. Let’s know if you have any questions about our iTrader review. Should you decide to continue your search for the most suitable forex broker for you, other considerations might be IG, eToro, and/or Plus500. There are a total of four eBooks, two of which are very in-depth – around 80 pages on average each.

Is Itrader A Scam?

Traders are away from the real prices of the trading markets. The positive slippage and the competitive spreads cannot help traders as there is no provision for the same in the accounts of ITRADER. More on, traders have to face the brunt of limited scalping, hedging, etc. The broker does nothing fruitful to relieve the gripe of traders.

The next shocking condition is their control on the trading account of the customer. The broker states that it has the right to check the details, and history of the investor’s trades before processing the withdrawal requests. Thus, the broker has sole discretion in accepting or rejecting the request of the trader. The below-mentioned screenshot from their withdrawal policy verifies the truth. 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.

Overall they are OK but I cannot see some outstanding trading conditions or special features that would make me recommend them wholeheartedly. The website offers a lot of information but is well organized so you will easily find what you are looking for. They have an extensive Education section, which includes e-books, videos, tutorials, courses, articles, and webinars.

Learn Forex Trading

That means segregated accounts, random platform checks, fair pricing guidelines and transparent pricing quotes. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. The SSL encryption protocol, applied by this company, helps the implemented systems for higher trading safety and connections. Various bonuses and promotions are provided to boost their clients’ profit and gain.

But if these brokers are replaced with scammers, then every deposit you make will go wasted. Aside from this, iTrader’s website and its contents seem to be carelessly thrown together. The customer support team is open five days a week, as opposed to the 24/7 service offered by other brokers. Sixteen of the pages address topics in the financial markets. There are particularly popular forex brokers for beginners that put a strong focus on educating their clients. For traders who are ready to trade with real money, there are three different accounts to choose from.

In our review of the top forex trading apps, eToro has taken the top spot, while IG’s app comes in at a close second. There is back-testing which will help create a solid strategy, but this will fall on the user. When it comes to this platform, iTrader gives the bare minimum to improve things for its clients. There is an Asset Index where the minimum spread is listed but it should be noted that the actual spreads could be higher than what’s listed. In March 2019, CySEC reached a settlement with Hoch Capital Ltd. where the firm made a $20,000 settlement regarding a compliance investigation the Cypriot regulator had begun. Though the details were not made public, they were surrounding the information it was giving to clients, as well as the general conduct of its investment activities.

Global Itrader Review

The reception of this app has been mostly hostile, with most reviews criticizing the lack of features. Our review found the app to be far too simple for most dimensions for a small parcel traders, placing too high a priority on ease of use over practical trading functionality. Trading with the broker is through the MetaTrader 4 platform.

ITrader claims to charge no withdrawal fees so that they are giving 100% of their client’s profits to the clients. Their policy is that the minimum you can withdraw per request is $100. They ufx affiliate are not licensed to operate in the U.S., so if you live in the U.S. and someone is talking to you about investing in or using iTrader then you know immediately that you’re being scammed.

The payment options available are wire transfer, credit card and debit card, e-wallet, etc. 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. If these scammers become prominent, then you will face consistent losses which have been observed on all fraud software.

Global Itrader Customer Support

This is due to the lack of alignment of the broker under the strict rules of the country. Traders are scratching their heads on the discrepancy in their data. The twitter account of the broker has a very small number of followers. The posts on their Twitter and Facebook accounts are the same. On the Twitter account of the broker, the loss percentage is 82.22%. These are 3 different quotes of the loss percentage of the broker.

Global.ITRADER is a brand name operated by Bayline Trading Ltd. Forex Broker offering CFDs Trading services via MetaTrader 4, MT4 Mobile and Web trading platforms. Regarding orders execution model, Global.ITRADER is an a-book brand. Global.ITRADER offers CFDs trading on currencies, indices, stocks, cryptocurrencies and commodities.

Itrader Forex Trader Review

On June 18th, CySEC announced that two of the four companies, Magnum FX Ltd and F1Markets Ltd, had successfully implemented their required corrective measures. The regulator removed the suspension on these two, allowing them to provide investment services once again. The other two companies, Rodeler Ltd and iTrader parent company Hoch Capital Ltd, did not implement corrective measures. Instead, both companies renounced their CySEC authorization licenses.

Can Someone Be Banned For Negative Itrader Ratings?

What you’ll find here as well, when you look at the resources, are plenty of daily charts that will help you see the most traded assets. They’ll even give you a link directly into the web platform which will let you make your own trades immediately. You can set up market summaries and forecasts to get a good idea of your trades and bitsane wallet assets and you can even use the trading calculator to find out more about pivot price points, pips and more. Now, with any and all of these devices you’re going to have the opportunity to trade within over 200 different financial assets. You’re also going to have over 150 different technical, fundamental and sentimental indicators.

An ideal demo account should provide a detailed simulation of the actual trading platform. The professional traders can use virtual money for the judgment of the best trade. The trading tools, real-time trading chart helps to choose the profitable trades. The fresher traders, on the other hand, can understand the basics of trading.