Forex Broker | easyMarkets

ITRADER REVIEW

Overview:

The offshore-based FX and CFDs broker ITRADER has three trading accounts. The accounts are called Silver, Gold, and Platinum. The brokers provide an Islamic account to Muslim traders that enable swap-free trade. In this ITRADER review, we will investigate this broker thoroughly and find out its offers and reality.

About ITRADER:

The offshore-based FX and CFDs broker ITRADER claim its inception in early 2012. The trading assets offered are 50 FX pairs, and CFDs on several commodities, indices, stocks. It offers traders a well-established MetaTrader trading terminal. The firm called Hoch Capital Limited manages the ITRADER trademark. The brokers claim its registration at the Cyprus Securities and Exchange Commission, Cyprus. The CySEC imposes many rules and regulations on the brokerage provider in its country. These are maintenance of 7,30,000 euros, and also advises brokers to segregate trading accounts. The broker also claims to offer Investor Compensation Fund to the traders. It helps traders to avoid loss and scam. Also; all the brokerage providers under CySEC are entitled to MiFID compliance. It enables brokers to perform cross border business in the EU.
The initial investment needed to open an account with ITRADER is 250 USD. The initial deposits are according to the current market situation. However, many regulated brokers offer the same services at 5 USD.
The trade at ITRADER is commission-free. The spreads provided according to the types of accounts. The spread on the Silver account is at 2.2 pips, Gold account at 1.3 pips, and Platinum account at 0.7 pips on significant FX pair of EUUSD. The spread of 0.7 is profitable, but it requires a higher initial deposition. The offered leverages are in between 1:200 to 1:500. The provided leverages are according to the current market value but can make colossal profit or loss.
The broker offers to trade on versatile and easy to use a trading platform MetaTrader. It is available on all operating systems like iOS, Android, and Windows. MT is the top-rated trading platforms. ITRADER offers Virtual Private Server to its traders for extra security in FX and CFDs trade.
Many payment gateways manage the payment funding and withdrawal of profits. They are cards, and bank transfers are few to mention. Unfortunately, Skrill and Neteller not provided.

Is ITRADER scam or legit?

ITRADER is a regulated and licensed FX broker by CySEC. The trading conditions offered are higher. The trading platform provided is MetaTrader and is a good sign. However, offshore nature is worrisome. ITRADER may be a potential forex scam broker.
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Top countries with the highest rates of mobile payments

Top countries with the highest rates of mobile payments
More than half a billion people just in China will pay for their purchases using mobile phones this year, according to research by Statista Digital Market Outlook.
However, as noted in the study, the annual transaction cost per customer in China will be lower than in the United States, the United Kingdom, and France.
Below ITRADER will tell about three countries that are leading in the world in mobile payments:
3rd place: Indonesia
https://preview.redd.it/jjmh3wrndv331.jpg?width=852&format=pjpg&auto=webp&s=a3c3bb65c97c8d2b7e7c20ddb77d7cbcd3817d4c
Dissemination: 15,9%
Indonesia is currently experiencing a transformation of online commerce. The population of the region is passionate about the innovation of mobile devices and the expansion of their use.
Therefore, it is not surprising that mobile payments or electronic wallets are considered the most popular payment method in the country.
2nd place: India
https://preview.redd.it/7jv0aqwudv331.jpg?width=800&format=pjpg&auto=webp&s=7ed3e9899fb5fb3416a0288b7d96add07062adeb
Dissemination: 29,5%
The Unified Payment Interface (Unified Payment Interface) launched on April, designed for mobile devices.
Now sending and receiving money will be as easy as sending an e-mail or SMS-message. The National Payment Corporation of India developed the project.
Mobile payments will boost e-commerce and the spread of financial services.
1st place: China
https://preview.redd.it/c8q7lzx1ev331.jpg?width=852&format=pjpg&auto=webp&s=c4eab679614d8572d4c1980ac1480e2360577bb4
Dissemination: 35,2%
Mobile payments in China have become so commonplace that cash payment now seems something strange.
The Chinese mobile payment market is dominated by two services - WeChat Pay and Alipay. Their active user base is in the hundreds of millions. Bank cards in China have not taken root as in the rest of the world.
However, mobile payments in just a few years have become an integral part of life.
You can find more information about the cryptocurrency, stock market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Forex Leverage 1:500 - MultiBank Group - World's No. 1 FX & CFD Broker Foreign Currency Exchange With MultiBank Group - iFXExpo Cyprus 1bank - e-Fixed Deposit BANK ACCOUNT OPENING THROUGH CYPRUS

easyMarkets (previously Easy-Forex) is the trading name of Easy Forex Trading Ltd. – a Cyprus-based brokerage, established back in 2003. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs on indices commodities, metals and Bitcoin, as well as options and forward contracts. Easy-Forexâ„¢ Trading Platform, founded by a group of bankers, Forex and Internet experts, offers Forex traders direct access to the global currency markets. Easy-Forexâ„¢ revolutionary trading platform is the first online FX trading system that allows clients to deal Forex as a consumer product. Easy-forex is a leading online trading provider established in 2003, and it is regulated in Cyprus by the Cyprus Securities & Exchange Commission – CySEC. With more than twelve years of experience, it means it is in the business almost from the online retail trading beginning so an easy forex scam is not possible. Neteller, Skrill, Webmoney, Cashu aswell as Bank Wire and CreditCard/Debit Card Risk Warning: More than 80% of retail investor accounts lose money when trading Forex, CFDs and other leveraged derivatives which is considered a high risk investment since you can rapidly lose money and may not be suitable for everyone. You should consider whether you understand how Forex, CFDs and other leveraged derivatives work and whether you can afford to take the high risk of losing

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Forex Leverage 1:500 - MultiBank Group - World's No. 1 FX & CFD Broker

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