iTraders24

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

iTraders24 presents itself as a crypto broker founded in 2013 and registered in the United Kingdom that claims to provide its clients with 250+ tradable financial instruments with leverage up to 1:100 and floating spreads from 0 pips on the web-based trading platform via four different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that iTraders24 currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.19/10. Please be aware of the risk.

Market Instruments

iTraders24 advertises that it offers access to 250+ assets, which include stocks, indices, commodities and currencies, as well as cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.

Account Types

iTraders24 claims to offer four types of trading accounts - Classic, Silver, Gold and VIP, with minimum initial deposit requirements of $250, $25,000, $50,000 and $150,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage provided by iTraders24 is up to 1:100. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

iTraders24s website displays that there is a $0 indices commission on the Silver and Gold accounts, while only the VIP accounts can enjoy raw spreads from 0 pips. Whatever, the spreads we got on the Classic account were around 2 pips.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, iTraders24 gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

iTraders24 accepts deposits and withdrawals via Bitcoin only. The minimum initial deposit requirement is said to be $250.

Customer Support

iTraders24s customer support can be reached by telephone: +44 203 0973266, email: Support@iTraders24.com or send messages online to get in touch. Company address: 150 Minories, London EC3N 1LS, UK.

Pros & Cons

Frequently Asked Questions (FAQs)