Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I have invasted money but not very satisfied, thats almost scammer I think. I dont have so much experiences but Im really not happy with our business.

There is a minimum deposit of $250 listed, but this isn’t mentioned in the overview of the account types. To find this out, you need to find the Contract Specifications PDF. Because iTrader offers CFDs in indices and equities, dividends apply. The broker doesn’t reference on its website how they are passed to clients, which is notably missing.

???? Are you searching for a broker with an excellent educational and research offering? There are Swap discount rates offered of 25% with the Gold accounts, and 50% in the Platinum accounts. It seems that something is off with this and iTrader isn’t being transparent about it. In August 2019, iTrader’s owner was summoned to a pre-indictment hearing in Israel. The Taxation and Economics Prosecutor’s Office suspected the broker of misleading clients, again, and exploiting customer’s inexperience with binary’s options, pressuring them to invest. ITrader clients are protected by the Investor Compensation Fund (ICF), as mandated by the EU Directive.

  1. Unfortunately, the last two which are only 10 and 8 pages long and can hardly be considered educational content.
  2. The research section is broken down into four categories, somewhat scattered across the website.
  3. There is a pungent smell of iTrader’s lack of experience through its account types.
  4. When she asked for the money back the day after she had completely run out of money they told her it was all gone.We are still in the process of seeing if we can get legal help with this.
  5. In August 2019, iTrader’s owner was summoned to a pre-indictment hearing in Israel.

If this brokerage is run by individuals skilled in web-commerce and finance, these skills are not wholly obvious. Most services offered return a blank page and there is no excuse for that. The presentation lacks professionalism and while this broker is authorized and regulated, at the end of this review it remains unclear if any trading itrader review takes place, trades may be fully kept in-house on a server as most traders face losses. This is further supported by the abnormally high loss rate listed at over 81.65%; other brokers range between 65% and 75%. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

iTrader Platforms ????️

In case the customer support agents are offline, you can fill the online contact form provided on their contact page and they will get back to you when they are back online. Their website also features a FAQs page, that covers a wide range of topics such as online trading instruments, currency pairs, trading limits, accounts types, bonuses, spreads, and banking options. Finally, all clients with Platinum and Gold memberships have a dedicated account manager to assist them with any issues regarding their accounts. On a more thorough inspection, the services that come with the Silver account show no sign of any videos or webinars; which is utterly ridiculous because investors signing up to these accounts will have the biggest need for education.

Extended-Hours trades executed through the Scotia iTRADE website are charged the equity commissions set out in the pricing tier + ECN Fee of $0.005 per share. At Scotia iTRADE®, we’re committed to helping you achieve your investment goals. With a Scotia iTRADE account, you’ll benefit from low commissions, a wide range of free educational tools and resources† and powerful online trading platforms. Transparency in regards to documentation is good but lacks when it comes to trading accounts.

In June 2020, the broker CySEC license was suspended due to local violations in the UK, which we will discuss more soon. Refer a friend or family member who is not already a Scotia iTRADE client and you’ll both receive a choice of up to 50 FREE trades or up to $100 cash6. With three levels of membership, our most highly engaged investors enjoy an array of complimentary benefits, valuable services and exclusive privileges. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Was told my account manager would call me to show me how to trade.

The lowest spreads as of December 2018 was for the EUR/USD which was as low as 0.7 while for the AUD/USD pair was 1.1. Compared to some of its rivals, it is fair to say that iTrader has competitive prices. The good thing about the fixed spreads is that during volatile news the spreads are static and don’t widen. Our team of experienced professionals is dedicated to helping you succeed and is always available to provide guidance and support. Seven courses are available, and each course occupies several sections.

Margin and PRO accounts will only be opened once all documents are received and approved. Established in 2012, iTrader is an online brokerage company that specializes in offering financial services in the FX and CFD arena. The company is owned by Bayline Trading Ltd, a Belize registered company.

That’s why we provide a team of experienced professionals who are available to provide guidance and support whenever you need it. Scotia iTRADE is a top rated discount brokerage which offers low cost commissions and innovative technologies for any level of investor. Whatever your investing for, Scotia iTRADE offers an account that will meet – and often exceed – your expectations. There are sixteen pages completed with articles addressing topics in financial markets. The presentation is proper, which was a surprise given the failures by ITRADER so far. This section represents the best one this broker offers and it is functioning as intended.

What is the maximum leverage offered by ITRADER?

We will also outline whether the fees, support, and services provided by iTrader are enough to overcome this lack of regulation. ITrader offers an attractive selection of assets, but its lack of experience and care can be seen throughout its services. Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion. Scotia iTRADE U® offers a wealth of free educational tools and resources including articles, videos, webinars, and the Knowledge Navigator to help you find the educational path to your direct investing goals. ITrader provides traders with a premium education site that is free for access to all website visitors. The broker has distinguished itself with the quality of educational materials on its website.

Table of Contents

Webinars are offered several times per week which is a considerable frequency, it remains unclear if all traders have access to them as the information provided on different parts of the ITRADER website was conflicting. There is no library present to consider expired webinars so the quality of it is unknown. When it comes to education, ITRADER does a moderately better job than in other sections. The educational section consists of webinars, eBooks, a VOD section, courses, tutorials, and articles. A glossary is also available which lists the key trading terminology. All educational content enjoys its dedicated location on the website as ITRADER appears to have placed a more concentrated effort on education than research.

Four eBooks are offered and the first two are surprisingly in-depth and consist of 78 and 94 pages respectively. Unfortunately, the last two which are only 10 and 8 pages long and can hardly be considered educational content. Providing education represents an easier task than providing research, but it is one of the most significant services a broker can and should provide to its clients; either by amassing their collection or by outsourcing it.

How can I deposit into an ITRADER account?

All of the educational material has a dedicated section, (unlike the research) and appears to have been given more care. Research is offered by an in-house team, but it whifs of unprofessionalism through its lack of detail. There has been an attempt to structure the research section but it has failed to do it successfully. 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.

The other two, however, are a measly 8 and 10 pages, which won’t bring much education to a trader. Clients will be able to watch webinars a few times a week which is a high amount of webinars, though it’s not clear who exactly will have access to these. There is no library to watch previous webinars, so assessing the value these will bring is difficult. In other words, the other two accounts are, for lack of a better word, worthless. There could be some requirements to upgrade to Platinum, but these aren’t mentioned.

Scotia iTRADE®

An available FAQ section follows the same disappointing execution this review grew accustomed to, some questions are answered in one word or a short sentence. Given the short-comings, customer support may be used frequently by traders at ITRADER; at well-operated brokerages most traders never contact support. Asset selection is great across the Forex market with a surprise when it comes to cryptocurrencies where ITRADER offers a more extensive selection than most of its competitors. Commodity CFDs are also properly presented, but equity CFDs are limited to commercial names in the US and Europe with a handful of names in Australia while index CFDs cover a nice introductory selection.