ITRADER Forex Review – Trade with a Leader

Reward: N/A
  • Licence:
  • CySEC
  • 198/13
Accepted Payment Methods: VISA, VISA Electron, MasterCard, Skrill, Neteller, WebMoney, Wire Transfer and more
Min. Deposit: £250
Broker Rating:
  • Reward: 4.4
  • Platform: 5.0
  • Mobile: 5.0
  • Live: 5.0
Overall Score: 4.85/5
Featured Platforms:
  • Webtrader, MT4 and Mobile App
Broker Info
  • Company: Hoch Capital Ltd.
  • Founded: 2012
  • Headquarters: Cyprus
  • Phone: +80040015002
  • Email: support@itrader.com

The world of foreign exchange (Forex) can be a lot of fun, but it can also be a bit of a nightmare for newbies. The ability to trade on global currencies can certainly be lots of fun – but finding a good trading platform to do is simply essential. That’s why we recommend that you take a look at our new ITRADER broker review.

With this review, you should have no problem at all grasping what ITRADER is about – and whether or not it is for you.

Start now your training and education at ITRADER!

Company History

The name ITRADER might not be one that you are aware of yet. ITRADER is operated by Hoch Capital Ltd. Cyprus Investment Firm (CIF), regulated by Cyprus Securities and Exchange Commission (CySEC) under the license number 198/13. The Company was incorporated in 2012. Since then, though, the Cyprus-based outfit has shown a steady level of growth that ensures there is much interest in what they do next. Already, they’ve got some unique service offerings and benefits that you simply do not get with other members of the Forex community.

It’s a good and new site, offering some interesting innovations that you don’t get from some of the old platforms. Is that newness an issue, though?

Bonus Offers Provided

With a minimum deposit of just £250, you can certainly get good value for money here. Other competitors might ask for much more, which can be a problem if you are limited financially. If you are looking to find a Forex trader that allows you to get going without having to invest huge sums of money into that early deposit, start here.

However, from what we can see no bonuses (bonuses are prohibited by regulation) or promotions are offered by ITRADER at this moment in time. They make for the lack of promotion, though, with some pretty decent all-round features that you might not get with competitors.

Regulations

Regulated by the Cypriot CySEC authority, you can feel pretty safe that this is one of the safest places to trade on at the moment. CySEC is among the most strenuous and particular regulation authorities, so you can feel that if something is passing through them then it’s not likely to have any reputational issues.

Despite being formed in 2012, the company has already enjoyed a fast start to life in the Forex industry. They are secure as possible and regulated by one of the most demanding regulatory bodies around in the market; that should offer some much-needed peace of mind.

Platforms

The platforms that one can pick from when they are using this trading broker is quite basic, though. One thing that you will soon notice is that you have one singular trading mechanism to use here – just as well, then, that it is among the best in the world!

They use the impressive MetaTrader4, or MT4, Webtrader and Mobile App platforms. MetaTrader has long been the go-to for many people who are involved in the industry, and it’s easy to see why. The simple layout, the smart design, and the overall ease in which you can use its features makes this one of the best platforms on the market for you to look at.

That’s why we think that this is a good place to start for newbies. Just about all of the big trading platforms will give you access to ITRADER, so that’s why we recommend you take a look at it today.

Education

Education is always useful for a trading platform, and you will be happy to know that this is not a site that lowers its standards on education. They have some excellent education plans for students meaning that you can learn all about the challenges that you are going to need to undertake to be a good trader.

If you are looking for a reason to use ITRADER, then their diverse and full trading education section is as good a reason as any. Easy to work with and full of information that you would likely have never found on your own, this is one of the best platforms to turn to when you want a simple, effective, and easy to follow along with education in Forex.

You also get access to a 14-day demo account, giving you plenty of time to try it out for yourself and see just what you think about how it runs. You’ll get eBooks, training videos, and various other platform solutions to help you learn all about Forex!

Customer Support

Customer support is nice and easy to use, with plenty of support available too. They also have multilingual support, so you can usually get a solution even if English is not your first language. They have phone support, e-mail support, a contact form, and live chat. You could also find them on popular social media channels like Facebook and Instagram, so getting support is actually really easy.

On our trial runs of support, they are rapid at getting a return to your query. They are knowledgeable and friendly, too, so you shouldn’t expect to feel patronised or not taken seriously when you do ask for support. Quality support overall that really makes a good first impression.

Withdrawals and Deposits

You get the general options that you are probably used to having when it comes to making a Forex investment. You can put your money in using a credit or debit card, a bank wire transfer, or an eWallet. You can withdraw or deposit with ease, with your withdrawals usually happening within a single working day. For an industry that is often slated for being too tardy when it comes to withdrawal speeds, that should give you plenty of peace of mind when using this platform.

Our Verdict

This is a versatile, modern, and effective trading platform that should really remove all of the stress from trading for beginners. It has some great features and enough variety in trading platforms, which is a big plus.

Because frankly, everything else is great. If you are looking for an easy to follow trading system with plenty of features and support, you shouldn’t have much issue at all with using ITRADER. It might have a peak for veterans, but beginners should feel right at home!