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ITB Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 13:50

Abstract:ITBfx, established in 2017 and headquartered in London, is an online trading platform offering financial instruments to traders. With a range of account types, including Nano Account, Standard Account, and ECN Account, traders can access tradable assets through the MetaTrader 5 trading platform. While the platform provides flexibility and accessibility, it operates without regulatory oversight, necessitating caution due to potential risks associated with unregulated trading.

ITBfx Review Summary
Founded2018
Registered Country/RegionSaint Lucia
RegulationUnregulated
Market InstrumentsForex, Metals, Indices, Crypto, Stocks
Demo AccountAvailable
LeverageUp to 1:500
SpreadFrom 0 pips (ECN account)
Trading PlatformMT5 platform for all devices (Windows, Mac, Android, iOS)
Min Deposit$10 (Nano Account)
Customer SupportPhone: +442080971783, +442080971742
Email: support@itbfx.com
24/7 live support: Yes
Physical Address: The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia

ITBfx Information

  ITBfx is set up in 2018. It offers trading tools like currency, metals, indices, cryptocurrencies, and stocks, thereby granting access to worldwide financial markets. Its MT5 platform offers fast execution, interoperability with various operating systems, and expert advice among other things to support trading across several devices.

ITBfx Information

Pros and Cons

ProsCons
Low minimum deposit starting at $10Unregulated
3 account types for diverse tradersRestriction in many countries (USA, Japan, Canada.etc)
Provide MT5 platform with full support

Is ITBfx Legit?

  ITBfx is unregulated.

Is ITBfx Legit?

What Can I Trade on ITBfx?

  Forex, commodities, indices, cryptocurrencies, and stocks are among the trading items ITBfx carries.

Tradable InstrumentsSupported
Forex✔
Metals✔
Indices✔
Cryptocurrencies✔
Stocks✔
What Can I Trade on ITBfx?

Leverage

  ITBfx provides different leverage for different accounts.

Account TypeLeverage
NanoUp to 1:200
StandardUp to 1:500
ECNUp to 1:500
Leverage

Account Types

  ITBfx offers 3 account types: Nano, Standard, ECN account.

Account TypeMinimum DepositLeverageSpreadCommissionKey Features
Nano$101:200Floating from 1.5NoEntry-level, limited instruments
Standard$501:500Floating from 2.0NoSuitable for beginner traders
ECN$1001:500Floating from 0$4 per lotDesigned for experienced traders
Account Types

ITBfx Fees

  For ECN accounts, ITBfx provides spreads ranging from 0 pip; for ordinary accounts, they range from 2 pip.

  Commissions apply just to ECN accounts for $4 per lot; nano and standard accounts are commission-free.

  ITBfx has a stop out rate. For Nano and Standard accounts, it's 20%. For ECN account, it's 30%.

Account TypeSpreadCommissionStop out rate
NanoFrom 1.5 pipsNo20%
StandardFrom 2 pipsNo20%
ECNFrom 0 pips$4 per lot30%
ITBfx Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔Windows, Mac, Android, iOSAll traders, experienced or new
cTrader❌
Trading Platform

Deposit and Withdrawal

  ITBfx doesn't mention the specific payment methods.

  However, the minimum deposit is $10 in Nano account.

Bonus

  ITBfx provides some bonuses to attract users.

Bonus Type
Welcome BonusMinimum of $50, up to $500
Referral Bonus10% of referrals
50-50 First Deposit Bonusdeposit $50 with additional $50 bonus
Existing Users Bonus30% bonus
Bonus

Related broker

No Regulation
ITB
Company name:ITB Broker
Score
1.55
Website:https://itbfx.com
5-10 years | Suspicious Regulatory License | High potential risk |
Score
1.55

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