3.5/5

Your capital is at risk

    Available Countries
  • Worldwide, UK, Australia, Europe (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Bank Transfer (Show More)
  • Cryptocurrency CFDs
    Exchange Type
  • CFD Trading Platform (CFD)
  • CFD Instruments
  • Crypto, Indices, Forex, Commodities, Shares
Margin Trading
  • Yes
  • Built In Wallet
  • No
  • Compensation Scheme
  • Yes
  • Regulated
  • Yes
  • Minimum Deposit
  • 250 EUR/USD/GBP
  • Deposit Fees
  • Free (Show More)
  • Withdrawal Fees
  • Free, A withdrawal fee applies for inactive accounts (Show More)
  • Trading Fees
  • 0% Commission for Trades (Show More)
  • Limits
  • Cryptocurrency leverage limited to 1:2 (Show More)
  • Verification
  • KYC Verification (Show More)
  • Jump to page contents

    ITRADER Platform Review

    ITRADER is a trading platform set up in 2012 by Hoch Capital Ltd. Registered in Cyprus, the platform gained a licence from the Cyprus Securities and Exchange Commission (CySEC) a year later. This allowed it to get passports throughout Europe under MiFID regulation. Its license also means that, in line with EU regulation, it offers a compensation scheme which reimburses users should the company become insolvent. Within a short period of time, ITRADER has built a solid reputation for delivering a functional interface and a convenient way to trade cryptocurrency Contracts for Difference (CFDs) and other financial products.

    ITRADER Main Page
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Your capital is at risk

    This ITRADER review will cover all the important aspects of the platform and its tools. Since some information may change after this review is published, we strongly recommend you visit ITRADER’s website to check for any updates. Cryptimi will endeavour to publish any updates periodically on this page.

    Is ITRADER Safe?

    Apart from the facts that the ITRADER platform is licensed and that it forms parts of a European-wide compensation scheme, using ITRADER is safe for a variety of other reasons. When you store funds on the platform, they are kept in segregated accounts which cannot be used for company operations. In addition, there are several security measures in place to protect your personal information and the entire trading platform from cyberattacks or unauthorized access.

    ITRADER Trading Platform

    ITRADER Trading Platform
    Screenshots are shown for illustration purposes only. Actual product may vary.

    In order to trade on ITRADER you can choose to use one of three different platforms. These are:

    • ITRADER’s own Webtrader (includes a free, 14-day demo account)
    • Metatrader 4 (available for downloaded on Windows and Mac)
    • Mobile app platform (available on Android and iOS)

    All three platforms give you the opportunity to trade the whole range of financial products available, in a convenient and user-friendly manner. Over the years, ITRADER has developed its range of tradable assets and today offers an extensive list. You can, for example, use the platform to trade forex and commodities or invest in stocks. Apart from investing in the assets directly, the platform lets you invest in CFDs, which are sometimes simpler, since you don’t need to securely store the underlying asset.

    Your capital is at risk

    In fact, cryptocurrency CFDs have proven to be extremely popular on ITRADER. By trading this financial instrument you can benefit from the price movements in various digital tokens without having to store them in a wallet. Instead, you can short sell or go long whilst benefitting from lower trading costs. You can learn more about the benefits of trading CFDs on our separate guide.

    CFDs are considered to be a high-risk investment since they normally involve leverage. Through leverage, you risk losing some or all of your investment capital, which is why you should always be aware of the risks before opening any trading positions. 82.88% of retail investor accounts lose money when trading CFDs with this provider.

    ITRADER Platform Wallet

    Since ITRADER is not a cryptocurrency exchange platform like Coinbase or Binance it does not let you buy, sell or trade digital tokens. Instead, with ITRADER you can invest in cryptocurrency CFDs.

    ITRADER Platform Account

    The ITRADER platform is easy to navigate and intuitive to use, even if you don’t have any experience trading online. You should be able to find most information easily, although it can be difficult to find precise details, such as fees. Assistance on how to trade and other educational support is readily available, and this has given ITRADER an award for Best Educational Broker.

    How to Sign Up on ITRADER Trading Platform

    ITRADER Sign Up
    Screenshots are shown for illustration purposes only. Actual product may vary.

    In order to register an ITRADER account you need to follow this simple sign up process:

    1. Visit ITRADER and click on the ‘Open Account’ button located at the top right-hand corner of the screen.
    2. Enter the required information, including a secure password.
    3. Click the ‘Open Account’ button.
    4. Enter your date of birth and address as prompted.
    5. Click the ‘Continue’ button. A pop up with your address will appear. If the address is correct click on ‘Proceed’.
    6. Choose your payment method and follow the relevant instructions on the page.

    You should receive a confirmation email from the ITRADER team with a link to verify your address. Follow the email’s instructions to complete this stage of the sign up process.

    How to Login on ITRADER

    ITRADER Log in
    Screenshots are shown for illustration purposes only. Actual product may vary.

    When you wish to log into your ITRADER account, all you need to do is:

    1. Visit ITRADER and click on the ‘Sign In’ button located at the top right-hand corner of the screen.
    2. Enter your email and password and click on the ‘Sign In’ button.
    3. If you cannot remember your password, click the ‘forgot password?’ link below the sign in form.

    Verification Requirements

    In line with its Cypriot licence, ITRADER requires that all users submit verification documents before trading on the platform. As per the industry standard Know Your Customer (KYC) procedures, the main forms of identification you can provide to prove your identity are:

    • Valid national ID
    • Valid national passport
    • Full & valid driving licence

    In addition, you also need to verify your registered address. In order to do this you will need to submit one of these documents:

    • A recent utility bill
    • A recent bank statement
    • A reference letter
    • An affidavit

    Other verification documents might also be required. For example, if you are funding your account using a debit or credit card you will need to provide a scan of both the front and back of your card (with the first 12 digits covered). Similarly, a copy of your bank statement would be required if you are funding your account through bank transfer.

    How to Buy Bitcoin CFDs with ITRADER

    MetaTrader4 - Demo Account
    Screenshots are shown for illustration purposes only. Actual product may vary.

    The following instructions will help you buy Bitcoin CFDs using the Metatrader 4 platform. If you are planning to use any other supported platform you will find that the location of some options might be in a different location. You can follow these examples to buy any other available cryptocurrency CFD.

    1. Open your Metatrader platform and log into your ITRADER account.
    2. Click on the ‘Market Watch’ window and select the pair you wish to invest in. In the case of BTC, you can choose either BTCEUR, BTCGBP or BTCUSD.
    3. The order window should appear. Here you can select several options for your order, including setting automatic limits to stop losses or take profits. It is highly recommended that you set these limits to protect your investment.
    4. Click on ‘Buy’ to take a long position or ‘Sell’ to take a short position.

    Your capital is at risk

    Warning: Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading in the complex financial products offered, please ensure to understand the risks involved.

    How to Cash Out on ITRADER

    Closing a position on ITRADER is very easy. The following instructions will help you cash out using the Metatrader 4 platform. All you need to do is:

    1. Open your Metatrader platform and log into your ITRADER account.
    2. Click on the order window and select the position you wish to close.
    3. Right-click on the position and select ‘Close Position’
    4. Click on the yellow ‘Close’ button which holds the details of your trade.

    Apart from closing a position entirely, you can choose to close it partially. This involves reducing the funds invested in the position whilst maintaining some funds invested on the same terms as the original transaction.

    If you would like to withdraw some or all of your funds, all you need to do is choose the ‘Withdraw Funds’ button on the left-hand side of your account dashboard. Follow the on-screen instructions to choose your withdrawal method and other preferences.

    Supported Cryptocurrencies

    On ITRADER you have the opportunity to trade a long list of cryptocurrency CFDs. In fact, ITRADER allows you trade 21 different types of cryptocurrency CFD pairs spread along 33 different markets. Some of the most popular ones include BTCEUR, ETHUSD, XRPGBP, and LTCEUR.

    ITRADER Cryptocurrency CFDs
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Supported Countries

    Whilst ITRADER supports users from most countries around the world, some notable exceptions do apply. During initial sign up, you will be notified instantly if your country is supported or not, as soon as you enter your mobile phone number.

    Supported

    Apart from all EU nations, the list of supported countries includes Australia, Canada, and Japan. In order to cater to as many nationalities as possible, the ITRADER website is available in 10 languages, including Russian, Spanish, and French.

    Excluded

    Only a few countries are excluded from the ITRADER platform, with the United States of America being the most notable.

    Fees & Limits

    As with any online trading platform, ITRADER charges fees to its users. However, unlike most platforms, these fees vary depending on which type of account you open.

    Fees

    ITRADER gives you a choice of three accounts, namely Silver, Gold, and Platinum. Each account is best suited to different investors, and it very much depends on your financial situation and capabilities. The benefits of each account are illustrated below.

    ITRADER Account Types
    Screenshots are shown for illustration purposes only. Actual product may vary.

    ITRADER does not charge any commissions on trades, nor does it charge deposit fees. Withdrawals are also free, as long as you don’t have an inactive account. The main fee charged by the platform is the spread, which is set into the buy and sell price of any asset, including cryptocurrency CFDs. Other possible fees charged by the platform include:

    • Financing/Rollover – charged for applicable positions which are kept open beyond the end of one trading day.
    • Inactivity – charged a monthly fee until activity resumes or the account is closed.
    • Currency conversion – charged when you are investing in a currency pair which is different from your base currency.

    Further information about ITRADER’s fees can be found here.

    Warning: Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading in the complex financial products offered, please ensure to understand the risks involved.

    Limits

    Whilst there are no daily trading limits on ITRADER, the platform may restrict users who have limited experience or financial stability. When it comes to different leverage limits, ITRADER limits vary depending on what kind of account you own. Below you can find the different maximum leverage ratios for different types of trades:

    • Forex trading: 1:200
    • Cryptocurrencies:  1:2
    • Stocks: 1:10
    • Commodities: 1:50
    • Indices: 1:50

    However, it is good to keep in mind that the platform offers higher leverage ratios to clients owning a Gold or Platinum account.

    The only significant limit refers to deposits, with a minimum of 250 USD/EUR/GBP set. Before you can make a trade on the website you will need to verify your account. Details on account verification can be found further up in this ITRADER review.

    Supported Payment Methods

    ITRADER Payment Methods
    Screenshots are shown for illustration purposes only. Actual product may vary.

    ITRADER offers a variety of 9 convenient payment methods in order to fund your account and make withdrawals:

    • MasterCard
    • American Express
    • Maestro
    • Qiwi
    • Skrill
    • Visa
    • WebMoney
    • Neteller
    • Yandex

    Although not all payment methods might be available in your country, you would normally always have a choice of debit or credit cards, bank transfer, or eWallets.

    ITRADER Security

    In order to protect user details and funds, ITRADER implements several safety measures. Whilst some of these measures are not divulged for security purposes, the website does refer to the following measures:

    • Encryption – data transfers are always encrypted with Secure Sockets Layer (SSL).
    • Secure connection – using advanced firewalls, data sent and received from ITRADER’s servers is always protected.
    • Monitoring – all transaction are moderated by Level 1 PCI compliance services.
    • Certification – the platform’s trading servers are all working from SAS 70-certified server centres.

    Warning: Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading in the complex financial products offered, please ensure to understand the risks involved.

    ITRADER Customer Support

    ITRADER supports new and existing users through a variety of educational resources and video tutorials. Their education center includes all the right tools for their users to improve their trading strategy, with resources such as webinars, eBooks, tutorials, and courses. If you need additional help, you can get in touch with the customer care team, by either using the live chat option or opting for telephone, email or online form. As a registered user, you can also open create a ticket. The support team is available Monday – Friday 08.00 – 20.00 GMT.

    ITRADER - Learn how to trade

    Across the Internet, ITRADER has a positive reputation, although there have been several complaints regarding lost funds. Whilst it is difficult to ascertain the veracity of these claims, ITRADER offers an official complaint channel in line with its licencing requirements.

    ITRADER Coming Soon Features

    ITRADER hasn’t announced any upcoming features as yet, and since the website does not seem to have a blog, the best way to be informed of any news is through their social media pages.

    Top Competitors

    ITRADER  vs. Trading 212

    There are several similarities between ITRADER and Trading 212, with both platforms being regulated and part of a compensation scheme. They also both provide convenient payment options and do not charge any deposit or withdrawal fees. However, Trading 212 offers a much larger range of assets than ITRADER, although the difference in the number of cryptocurrency CFDs is not so pronounced. Whilst ITRADER’s demo account is only available for 14 days, Trading 212’s is always available to registered users.

    ITRADER vs. AvaTrade

    Whilst both AvaTrade and ITRADER are regulated, only the latter is part of a compensation scheme. Neither platform charges deposit or withdrawal fees, and both offer several convenient payment options to fund your account. The number of supported cryptocurrency CFDs is similar on both platforms, and trading is possible across digital devices, including smartphones. Whilst AvaTrade operates its own exclusive trading platform, ITRADER lets users use the award-winning Metatrader 4 if they prefer.

    ITRADER vs. XTB

    Both XTB and ITRADER are regulated trading platforms which form part of a compensation scheme. Both platforms offer several convenient ways to pay, charging neither deposit nor withdrawal fees. Unlike ITRADER, XTB supports Paypal payments and extends the use of its demo account indefinitely. Both platforms offer mobile trading functionalities, with a similar choice of financial instruments.

    Conclusion

    ITRADER is an overall well-rounded trading platform which offers a decent variety of financial instruments, including cryptocurrency CFDs. The platform offers multiple charting and analysis tools and several order limits to help you develop and implement a successful investment strategy. To support you, the platform gives you access to detailed educational tutorials and a dedicated customer service team. However, the number of online complaints remains a cause for concern.

    Your capital is at risk

    Rating Score

    Pros

    • A licensed and regulated platform
    • Part of a compensation scheme
    • Supports multiple payment methods
    • No trading limits or deposit/withdrawal fees
    • Available on Windows, Mac, iOS, and Android devices

    Cons

    • Not available to users in the USA
    • Live chat not available 24/7
    • Fee structure not immediately available

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