Itrader Review 2020

Itrader lost their CYSEC Regulation on June 1st 2020 Learn more operating company Was Hoch Capital Ltd and is now Bayline Trading Ltd.
Global.ITRADER Rated 0/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
Itrader Screenshot

Itrader Guide

Itrader are an online broker founded in 2010 offering Forex trading trading, Spread Betting trading, and Share Dealing trading.

Itrader are a global broker and have a head office in Belize.

Itrader have a listed stock symbol. This means that Itrader have publically listed and you can officially buy shares in Itrader on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Itrader we break down the pros and cons. What Itrader are able to offer, what countries Itrader are available in. Who Itrader are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Itrader

Open Itrader's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Itrader

With this review we hope to help you see if Itrader is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Itrader that will help you get off to a good start in the world of online trading.

Itrader Review Table of Contents

Itrader what you should know

Itrader offer three ways to trade: Forex trading, Spread Betting, Share Dealing.

With Itrader you will need a minimum deposit of $200 . You can sign up for a demo account to acquaint yourself with Itrader platform.

Itrader are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Itrader safe?

When choosing a broker like Itrader the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2010, and in operation for 10 years Itrader have a head office in Belize.

Itrader is regulated. This means Itrader are supervised by and is checked for conduct by the Belize IFSC/60/322/TS16 regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Itrader, this will be honored. If Itrader violate any regulatory rules their regulated status could be stripped.

Any payments funded to Itrader accounts by traders are held in a segregated bank account.

For added security Itrader use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Itrader. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Itrader

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker Global.ITRADER eToro IC Markets Trading212
Year Established 2010 2006 2007 2006
Head Office Belize Cyprus, UK Australia UK
Regulation Belize IFSC/60/322/TS16 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No No Yes
Learn More Visit Itrader Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Itrader Pros and Cons

What we like about Itrader

  • Used by over 10,000 traders
  • Established in 2010
  • Regulated by Belize IFSC/60/322/TS16
  • Min. deposit from $200

What we don't like about Itrader

Itrader Financial Regulation and Supervision in more detail

We have checked and Itrader is regulated and supervised by reputable organisations. You are able to check every Itrader supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Itrader. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Itrader traders and provide a safe trading environment.

  • Belize IFSC/60/322/TS16

Itrader is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Itrader you should be sure they're legitimate online agent.

Itrader Awards

Itrader have won numerious industry awards over the 10 years they have been operating as a financial broker. We list the most notible awards and mentions for Itrader below.

  • Ask Traders Best Crypto Broker 2019
  • FX Empire Best Educational Broker 2016
  • Uses the Award-Winning MetaTrader 4 Platform

Itrader General Fees

  • Itrader withdrawal fees varies on payment method
  • Itrader does charge inactivity fees
  • Itrader does charge deposit fees
Broker Global.ITRADER eToro IC Markets Trading212
Min Deposit 200 200 200 1
Withdrawal Fees $100/10000JPY Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes No

Itrader Commissions

  • Itrader does charge commission on CFD instruments.

What can you trade with Itrader?

Be aware that Different entities under Itrader Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Itrader over 150 instruments infact.

If you are looking at trading currency pairs Itrader offer over 100 currency pairs.

Compare Itrader with eToro and IC Markets below.

Your capital is at risk

Broker Global.ITRADER eToro IC Markets Trading212
Instruments Available 150 100 232 3000
Platforms MT4,iOS,MacBook,iPhone Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies Visit Itrader Visit eToro Visit IC Markets Visit Trading 212
Forex pairs offered 100 50 65 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit Itrader Visit eToro Visit IC Markets Visit Trading 212
Commodities Offered 17 0 19 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit Itrader Visit eToro Visit IC Markets Visit Trading 212
Stocks Offered 1000 957 100 1731
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on Itrader web platforms and other applications

Itrader offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An Itrader IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Itrader also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Itrader's platforms

Itrader Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit

Itrader Trading Accounts Offered :

  • Demo account
  • Standard account
  • Islamic account

Can I try Itrader before I buy?

Itrader offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Itrader withdrawal and funding methods.

Please note that the list of payment methods below depend on the Itrader Entity and the Clients Country of Residence.

Itrader offer the below funding payment methods. learn more about Itrader

  • Bank Transfer
  • Skrill
  • Neteller
Broker Global.ITRADER eToro IC Markets Trading212
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No
Neteller Yes Yes Yes No

How can I start trading with Itrader?

When opening a trading account with Itrader, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Itrader trading platforms here.

Performing trades with Itrader

Itrader allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Itrader allow you to execute a maxium trade of varies.

As a market maker, Itrader may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Itrader Leverage and Itrader CFDs Explained

let's take a look at some of the basics of using Itrader leverage.

Itrader offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Itrader leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Itrader trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Itrader leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Itrader CFDs are typically used for short to medium term trades. For example Itrader intraday trading.

Education resources at Itrader

To trade effectively with Itrader, it's important to get a have a good understanding of the Itrader trading tools and the markets.

Itrader offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Itrader.

Take time to look around the Itrader platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Itrader

Itrader support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Itrader have a A grade support rating because Itrader offer over three languages.

Livechat Support at Itrader

We tested the Itrader live chat and it works well. We sent messages to Itrader livechat through their app and website and recieved a response within 8 minutes.

We tested communicating with Itrader support in multiple languages in multiple countries. Itrader where able to resolve our customer issues.

Email Support at Itrader

We sent several emails to Itrader and answer times overall were excellent. The fastest response from Itrader was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with Itrader, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from Itrader.

Phone Support at Itrader

We called Itrader and the call was answered very quickly. The call was answered in less than 5 minutes.

The Itrader phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Itrader team by calling in varying languages. Itrader made an effort to make sure our queries were answered.

Overall the phone support from Itrader was okay.

See how Itrader Support Compares Against Other Brokers

Broker Global.ITRADER eToro IC Markets Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit Itrader Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Itrader

As Itrader is regulated by Belize IFSC/60/322/TS16, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Itrader Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Itrader's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Itrader you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://global.itrader.com/ on 12th August 2018.

Watch this Itrader Informational Video

Is Itrader A Good Broker?

We spent over 3 months examining Itrader in depth. Although we found some very useful aspects of the Itrader platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Itrader broker.

  • Itrader have a good track record of offering Forex trading, Spread Betting, Share Dealing.
  • Itrader has a history of over 10 years.
  • Itrader has a reasonable sized customer support of at least 10.
  • Itrader are regulated by Belize IFSC/60/322/TS16. This means Itrader fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Itrader have regulation from a Tier 1 reputable country.
  • Itrader has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Itrader have an international presence in multiple countries. This includes local Itrader seminars and training.
  • Itrader are able to hire people from various locations in the world who can better communicate in your local language.

Itrader Risk Disclaimer

Your capital is at risk

Itrader not quite right?

Check out these Itrader Alternatives

We have spent years researching the best alternatives to Itrader. Click the links below to learn more.

If you feel some of the above Itrader are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Itrader alternatives below.

Related Itrader Comparisons

If you would like to see how Itrader stands up against other brokers you can read some of our Itrader comparisons below. We compare side by side some of our top rated Itrader versus comparisons. Read some indepth Itrader VS pages below.

ITRADER Frequently Asked Questions

Can I try Itrader before I buy?

Itrader offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Itrader accept?

Please note that the list of payment methods below depend on the Itrader Entity and the Clients Country of Residence.

Itrader offer the following funding payment methods Bank Transfers, Skrill, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is Itrader safe?

Itrader are considered safe as they are regulated by and checked for conduct by the Belize IFSC/60/322/TS16. Any payments funded to Itrader accounts by traders are held in a segregated bank account. For added security Itrader use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Itrader trading good?

Itrader is considered good and reputable to trade with. ItraderItrader is used by over Itrader active traders. Itrader offers Forex trading trading, Spread Betting trading, and Share Dealing trading. Minimum deposit with Itrader is 200 .

Is Itrader trading Legit?

Itrader was founded in Belize in 2010. Itrader has been facilitating trade on the financial markets for over 10 years. Itrader offers clients Forex trading trading, Spread Betting trading, and Share Dealing trading. All funds deposited to Itrader are held in segregated tier 1 bank accounts for security. Itrader is regulated by Belize IFSC/60/322/TS16 so can be considered legit.

Is Itrader a good broker?

Itrader is overseen by the top tier financial regulators Belize IFSC/60/322/TS16 so can be considered a good broker. Itrader allows Forex trading trading, Spread Betting trading, and Share Dealing trading.

Is Itrader trustworthy broker?

Itrader can be considered trustworthy. All money funded to Itrader is placed into a segregated tier 1 bank account. this means your money in not held by Itrader directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Itrader is regulated by Belize IFSC/60/322/TS16.

What is the minimum deposit for Itrader?

The minimum deposit to trade with Itrader is 200 .

How long do Itrader withdrawals take?

Withdrawing money from Itrader processing time varies but averages 2-5 days.

Is Itrader regulated?

Itrader is regulated by Belize IFSC/60/322/TS16.

Is Itrader a market maker?

Itrader is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Itrader?

When opening a trading account with Itrader, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Itrader trading platforms here.

Is my money safe with Itrader?

Itrader is regulated by Belize IFSC/60/322/TS16. One of the most important criteria for traders when choosing a broker like Itrader is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Itrader, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Itrader a con?

Itrader is regulated and well established having been in business for over 10 years. Itrader is definitely not a con.

Can you make money with Itrader?

Although traders have had great success with Itrader. Trading on the financial markets with Itrader is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Itrader have fees?

Itrader withdrawal fees varies on payment method. Itrader does charge inactivity fees. Itrader does charge deposit fees.

When was Itrader founded?

Itrader was founded in 2010.

How many people use Itrader?

Itrader is used by over 10000 registered traders.

What is Itrader Headquarters country?

Itrader has its head quarters office in Belize.

Does Itrader offer negative balance protection?

Itrader does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Itrader offer guaranteed stop loss?

Itrader does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Itrader allow scalping?

Itrader offers scalping.

Does Itrader allow hedging?

Itrader offers hedging.

Does Itrader offer CFD trading?

Itrader offers CFD trading.

Does Itrader offer STP?

Itrader does not offer STP trading.

How many people use Itrader?

Itrader is used by over 10000 traders.

Is Itrader an ECN broker?

Itrader does not offer ECN trading.

Does Itrader offer a demo account?

Itrader offers a demo account.

Does Itrader offer an Islamic account?

Itrader offers a Islamic accounts.

What are the funding methods for Itrader?

Itrader accept the following funding methods : Skrill, Neteller, Bank Transfer.

Itrader review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Itrader brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Itrader review written by Mark Hansen of Comparebrokers.co