ITRADER-Spreads and Leverage Details about This Broker

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.