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ITRADER

United Kingdom|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

https://global.itrader.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
ITRADER-Demo MT4
Server Location United States

Contact

+44 2080684898
Support@global.itrader.com
https://global.itrader.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2080684898

Russian

+7 4953690197

Other ways of contact

Broker Information

More

Company Name

Bayline Trading Limited

Abbreviation

ITRADER

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-07-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The BelizeFSC regulation (license number: IFSC/60/322/TS16) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Belize FSC regulation with license number: IFSC/60/322/TS16 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

ITRADER · WikiFX Survey
Danger A Visit to ITRADER in Belize -- Finding No Office
Belize

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ITRADER · Company Summary

General Information & Regulation

ITRADER is operated by the company Bayline Trading LTD, which incorporated under the laws of Belize and bearing the registration number 136374 from IFSC (International Financial Services Commission). Bayline Trading LTD doesnt fall under any regulatory agency, so ITRADER is an unregulated broker.

Market Instruments

ITRADER offers quite a large selection of tradable securities: forex currency pair, stocks, commodities, indices, and other Contracts for Difference (CFDs).

Minimum Deposit

When it comes to deposits, the broker has a minimum deposit requirement of $250. Although this initial deposit amount doesnt go too overboard, this unregulated broker is the one traders should stay away from.

Leverage

The maximum trading leverage offered by ITRADER is up to 1:500 for forex trading. Since leverage can amplify your gains as well as losses, traders should be very cautious when using leverage.

Spreads & Commissions

ITRADER offers three trading accounts, each of them coming with different spreads: for instance, the Silver account has a bid-ask price difference of 2.2 pips for the EUR/USD Forex pair, while Gold goes down to 1.3 and Platinum to 0.7, which is the shallowest spread on the platform. Besides, ITRADER claims that it doesnt charge any commissions.

Trading Platform Available

When it comes to actually trading with Global.ITRADER, the broker provides its traders the widely recognized trading platform – MetaTrader 4.Besides, traders can also get free access to mobile trading apps for both iOS and Android.

Deposit & Withdrawal

ITRADERs withdrawals and deposits methods are powered by both traditional (bank wire, credit cards) and alternative (Neteller, Skrill) financial platforms. None of these methods have commissions on either deposits or withdrawals, however, withdrawals can sometimes take 5 days to complete, which is a bit of a bummer.

Customer Service

ITRADER.COM is available in 4 languages: English, Russian, Spanish, and Portuguese. Apart from Email and telephone, live chat can also be available at ITRADER.

User Reviews

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User comment

7

Comments

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Yurio
more than one year
To be honest, their MT4 platform is pretty good, and I've been able to make some decent profits using their 1:500 leverage. But for starters, their minimum deposit is pretty high compared to other brokers. And their spread is way too high, especially for major currency pairs. And when it comes to withdrawals, it's a real pain. All in all, I think there are much better brokers out there. If you're considering ITRADER, I would advise you to proceed with caution.
2023-04-24 18:48
Reply
0
0
FX1479526564
more than one year
Terrible experience with ITRADER! I found out that they had shut down their website! Then I found out that they were no longer accepting new clients, which made me wonder what was going on. To make matters worse, I found out that they were unregulated, which is a huge risk when it comes to your money. But the worst part was when I tried to withdraw my funds. It took too long! Even five days have been passes, they haven’t processed my withdrawal.
2023-04-24 18:46
Reply
0
0
FX1349898377
more than one year
I am currently a full-time trader and use this platform to trade Forex in my spare time. work history at this firm dating back to October 2022. Rapid deposit was a pleasant surprise. have successfully completed three withdrawals in as little as 48 hours. When compared to my prior broker, support agents on the live chat are incredibly quick to respond. They are doing good and things are going smoothly for them.
2023-03-22 13:45
Reply
0
0
FX1267872407
more than one year
The company says it no longer provides/carries out investment services/activities and/or enters into any business transaction with any person nor does it accept any new Clients. But the reason for this is not stated on the website.
2023-02-22 11:24
Reply
0
0
大头兔
more than one year
Never trade with ITRADER... this company without any reliable oversight will ruthlessly scam you out of all your money...
2022-12-01 10:06
Reply
0
0
A...
more than one year
Based on my many years of trading experience, I must choose a regulated broker. In this way, even if something goes wrong, the broker cannot escape responsibility, because they will be bound by the regulators. Suspicious clone brokers like ITRADER may run away with money at any time and lose contact, and the police may not be able to control them.
2022-11-28 17:21
Reply
0
0
梅老板
more than one year
This platform is a pure scam. They made exaggerated promises that you can earn a lots of money within a short period of time. So I invested a big amount of money, then i made losses. I will be closing my account when money sorted and withdrawn. Please stay away as I have learnt a valuable lesson. I am trying to get my money back.
2022-11-28 14:53
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0
0
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