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iTrader Review - Is it scam or safe?

iTrader Review - is it scam or safe?

RATING: 3.1 / 33 REVIEWS iTrader


Trading Accounts



Account Type Minimum deposit Minimum trade size Max leverage Spreads Withdrawal
Silver $250 0.01 1:200 2.2 pips up to 7 days
Gold n/a 0.01 1:400 1.3 pips up to 5 days
Platinum n/a 0.01 1:500 0.7 pips up to 3 days


iTrader offers its clients a choice of three basic account types: Silver, Gold and Platinum.  


In addition, iTrader offers swap-free (Islamic) accounts, which are Sharia compliant (for Muslim investors who are unwilling to pay or earn interest for religious reasons).


Micro lots are also available for trade.


The Company. Security of Funds


Founded in 2012, iTrader offers trading in around 50 currency pairs and wide range of CFDs on indices, stocks and commodities through the MetaTrader 4 platform. The company behind the brand, Hoch Capital Limited, which acts as market maker in relation to transactions, is a Cyprus Investment Firm that is licensed by Cyprus Securities and Exchange Commission (CySEC).


CySEC applies certain rules and requirements to Cyprus Investment Firms. For example, they must maintain net tangible assets of at least €730,000 in order to prove their financial stability. Besides, the Commission requires forex brokers to keep customer funds in segregated accounts, separated from the company’s operating funds.


As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €20,000 EUR per person, If the company ceases trading or becomes insolvent.


Moreover, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services in all EU Member States.


Trading Conditions


Minimum Initial Deposit

In order to open an account with iTrader, traders have to invest a minimum of $250. Such minimum initial amount is considered average; however, many other Cyprus-based brokers require less. For instance, leading EU brokerage XM demands just $5 from its clients as a start.


Spreads & Commissions

iTrader offers commission-free trading and floating spreads, varying by account type:


- The ones on the Silver account type are quite high, starting from 2.2 pips on majors;

- Gold account holders are able to use spreads, which are on the upper end of average (1.5 pips);

- Platinum spreads are really good, starting out at 0.7 pips for the EUR/USD pair, however supposedly the minimum initial deposit for this account type are high.


For purposes of comparison, XM’s average spreads on the commission-free accounts amount to 1.7 pips on EUR/USD, while the ones on the Zero account type are averaged 0.1 pips on EUR/USD and involve commission of $5 per standard lot (per side).


For more information, you may look up real-time spreads of 15 leading brokers here.



The maximum leverage level offered by iTrader is 1:500, which is a high ratio. However, many Cyprus-based brokers offer similar or higher leverage levels - for example, XM provides leverage up to 1:888. For further information, you can check out a list of brokers, providing leverage equal to or exceeding 1:500 here.


Undeniably, high leverage provides opportunities of earning good profits on a small deposit. Nonetheless, we advise traders to be careful when using it, as higher leverage also involves greater risk of losses, which may even exceed the initial investments. 


Trading Platform


iTrader supports the most widely used forex trading platform, MetaTrader4 (MT4). It comes as a PC, web and mobile versions.


MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.


Like most brokers, iTrader offers a virtual private server (VPS) that you can use for hosting your MT4 EAs, providing extra protection when trading forex. 


Methods of Payment


The following payment methods are available to iTrader clients: credit/debit cards and bank wire transfer. Popular e-wallet payment systems, such as Skrill & Neteller are not supported by this broker.


Currencies accepted: USD/GBP/EUR.




iTrader is a well-regulated forex & CFD broker that utilizes the popular MT4 and offers satisfactory trading conditions. To sum up the above, here are the advantages and drawbacks with regards to this broker:

Pros      Cons
Well-regulated    Market maker model
MT4 available   No choice of trading platforms
High leverage levels offered   High spreads (except on Premium accounts)
Commission-free trading Limited payment methods 



Latest news about iTrader
No news about iTrader. Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
$100 Review Website

Traders` reviews for iTrader
















Price feed















Customer service










in the middle

I put 225€ on Itrader yesterday evening but regretted it and made a withdrawal request. I then got a many mails where the correctedly filled out data for the bank etcetera were mixed up. Of this morning I am getting constant phone calls from them. I have told them that I am out but that does not seem to help. I wonder whether they are now going to claim that they do not have my bank data correctly to not satisfy the withdrawal request.
I will simply keep posting here on how this progresses.]
They are in any case aggressive and screwing up my withdrawal request so far.

Simon Polak 08/21/2019

Possible scam, very aggressive coercion

I don't know if I was unlucky or if they are scammers, but what i do know is that the account managers are pressuring you immensely to make new and bigger investments. In my case it went up from an initial 250 euros to 32K, every time investing more and more to keep my accounts afloat when trades went bad and pushed to use a doubling strategy to compensate.

They are very persuasive, claiming to be your friend, that our goals are aligned as they receive a bonus based on how well they client is doing (because those clients will remain and make new trades), tell me they can't sleep at night because they felt bad that my trades were so unlucky etc. Every possibility is used to coax you into believing and following them. They will stay on the phone, waiting, until you follow their 'advice' and make the trades they suggest.

I was told several times to do Forex3 trades, which have a large swap and high spread. Every time they claimed it was essential for the strategy, every time it turned sour, forcing me to invest more cash to keep my account afloat.

In the end I was convinced to open a trade I couldn't support without a significant loan of another 20k, but they only told this after I'd already done the trade. Any chance I had to salvage what I could was stalled by their advice to just "keep it open for 1 more day so they would tell me how I could solve it"; they did call, 2 hours later than agreed and 8 min after the market closed. Next day the swap was up to 11K and the margin left was so low the trades were all closed... and I lost all my money.

Legit or not, stay away from them unless you are able to withstand the pressure they put on you and don't trust their expertise when it goes against your gut feelings.


Jeroen den Dekker 07/08/2019


You are a lie! Complete scam!
You took all my money off and offered me a bonus of $10000! Because I put the same amount! Then you didn’t respond, you didn’t gibe me what you said!! Now I’m broke!! I have to kill my self!!
But you don’t care about people!! You just eat to make money!! Karma is on you!! What you do to others you will receive twice!!!35cbtp

Elizabeth saenz 06/18/2019

My complaint - update

My complaint about iTrader
Just an update on my complaint against iTrader. They agreed to pay me back my deposit in full. So I am pleased to say that this matter is now closed. I hope they in future will be following up their new customers because trading has to be done with advisors that can be trusted and do what they promise to do.

Raymond Boereng 06/06/2019

Scam company

Stay away from this company.
After getting lots of mail and ads from Bitcointrader promising automated trading I decided to get more information. Had to open an account and send ID papers. Tried to get information from the account manager but he promised me that a senior trader would phone me at 18 the next weekday. After lunch the senior trader contacted me by phone and we agreed he should phone me up at 19. I should prepare myself with a cup of tea because he would show me everything. I prepared myself and was ready to go but no calls were received. After 2 hours waiting I decided I was tricked. Closed the account with explanation not received the information as promised and Asked my deposit to be paid back. Next day I was called several times and the explanation he had was that a multimillion customer needed his attention and he had an enormous pressure. I told him he should not take on new customers if he could not handle the job pressure but before during the day he was able to take many phone calls so way not call or send SMS because I hardly believe he was all that occupied. This way I did not trust him or the company anymore and said I would not be an customer with them. I got several mails that my deposit would be sent back in maximum one week but they claimed 50 euro. They did not do anything and still claim 50 euro. So if there is 1000 cases like this they get 50000 euros for doing nothing. Not to mention all the other claims of fraud on the net.

Raymond Boereng 05/31/2019

iTrader Adresse in Deutschland

Da eine Adresse in Deutschland (Hoch Capital, 85609 Aschheim, Einstein- ring 35) als auch eine deutsche Bankverbindung angegeben war, hatte ich erst keine Bedenken. Als die Nachforschung ergab, dass es keinen solchen
Straßennamen gab, wurde ich stutzig. Was ich weiters herausfand, lässt mich befrürchten, dass ich Betrügern aufgesessen bin. Ob mein Versuch das
Geld zurückzuholen, erfolgreich sein wird, werde ich am Montag erfahren.
Sonntag, den 12.5.2019 7:32

Translated by Google:

Since there was an address in Germany (Hoch Capital, 85609 Aschheim, Einsteinring 35) as well as a German bank account, I had no reservations at first. As the research revealed that there is no such
Street names, I was startled. What I also found out makes me worry that I've been scammed. Whether my try that
To recover money will be successful, I will learn on Monday.
Sunday, 12.5.2019 7:32

Hubert 05/12/2019

This company is a scam they robbed me

Do some know how I can complain contact about this company. Robbed me 52.650€

Please help me, please!

Carlos Gaspar

carlos gaspar 04/09/2019

fake reviews

Today we know 97% of all Binary Option traders will loose their funds and very few of those firms are in the reality connected to any market. is just one another scam-company. But they seem to have published a lot of fake reviews on some review forums, and even been discovered for it! They have their adress in Cyprus , but it`s ruled like over 90% from Tel Aviv Israel. is confirmed to be located there by an Israeli law firm. Keep far away from those scam websityes on social media.

Carsten 03/25/2019

Itrader turned out to be a scam

Stay away from this scambroker. They stop responding the moment you want to withdraw and it`s impossible. Just one Another scam website among 400 others Binary Option companies on the internet

Erik 03/24/2019


Its a bad company, The only thing that they want
Is money, they speak only al little english And if you ask to get your
money back And delete The account, they send a mail that you account
is deleted, its a fake mail you account is Not delete
So they ask tho much personal details or bank Numbers

The only thing that i whant is my money back And a deleted account

Gerco Westeneng 03/18/2019

Not a scam

I was trading with them for 3 months and had a profit.
Don't no why everyone bulling them.

Adan Johns 02/26/2019




If you have landed on this page, that means you are probably a victim of this fraudulent online company which presents itself as a broker or a reliable company but is in fact a scam.

People start to smell the scam when they can’t withdraw funds, or suddenly their money has been be traded away. There’s many strategies the scam companies use to steal your money – but it doesn’t mean you can’t effectively fight back. Of course, you’ve probably tried to ask the broker politely to simply return your money, and it obviously didn’t work.

Stop wasting your time and get help from experts

OK? We are å lot of people here !

Siren Langeland 11/07/2018


I have been led up the garden path .Advised bad trades and than asked to invest more money to protect the bad trades. Please do not deal with them.

N P Jack 09/04/2018

Account managers are trained to get as much money out of you as possible

I have been on iTrader approx 4mths..had 3 "Account managers"..and under each of their instruction have had big losses..last one had me opening trades late this friday afternoon..against my gut feeling I did what he asked..4 trades with bigger lots than I would normally put on..which inccured over $400.00 in swap fees..i have had 3 margin calls..but as the market was closed I figured I've now been able to close 2 trades as the asian market opened at 10pm sun night.This was all because I told the account manager I wasn't putting any more money in on Fri..The 1st week on ITrader I made over $1000.00 on my own..afterall anyone can go check need a manager for that..
So I've took the losses tonight..hopefully the 2 still in will eventually get into profit..I have blocked all the numbers the manager gets me on..and I'll go it alone..Dont need the help of any greedy..arrogant BASTARD to lose my my money.. I'll do better on my own.


Can you get back to me on the limits for each account..Silver..Gold ..Platinum..This question has never been anyone.
Avril Brown

Avril Brown 07/09/2018

Good job

After growing my investments, I have decided to withdraw three-quarters of my money. They have asked me for numbers of requirements, but after meeting all of their requirements I was able to get the money.

Bill Bishop 05/31/2018

trying to stop me from withdrawing my money

hello,after putting £250.00 in an account with itrader I wanted to withdraw my deposit and asked itrader to do so I have been unindated with phone calls from itrader trying to stop me from withdrawing my money.i have told itrader that I want my deposit returned to my bank via my card. they seem reluctant to do paul Jefferies.

paul jefferies 04/13/2018

My complaint about iTrader

Just an update on my complaint against iTrader. They agreed to pay me the settlement figure which was proposed so in return i agreed to drop the complaint i raised about them. I am pleased to say that this matter is now closed.

Rebecca Nwankwo 04/12/2018

If you are thinking of investing with iTrader.....DON'T

I am currently having a very bad experience with iTrader and to be honest i am actually quite embarrased about it. I will try and keep my experience brief. I initially deposited £250, i received a call fairly quickly from my new Account Manager and was told that in order to have good leverage i needed to put a little more money in the account. I decided to increase it to £2,500 to give me a fair chance of making a decent return. I would like to point out that the main reason for investing was to build up my deposit to buy a new house for me and my kids. I made some profit with the deposited after a few days but i was told my Account Manager that he could not really trade with what was in my account and i should put more money in my account. I made it clear that i did not intend to trade with that much money as i did not know anything about trading and whether it would work for me. He told me that the best way forward was to get a loan from my bank of £50k and in fact this was a usual practice he did with most of his clients which always worked out ok. He kept reassuring me we can make the money back even before the first repayment of the loan was due. He asked me to open up my online banking portal so we can apply for the loan together which we did and luckily the bank approved £25k instead of £50k. He told me to increase my overdraft limit so we can add more money to my trading account. This was the start of the downfall....about a week after this loan was taken out my account was in trouble and of course needed a large sum of money 'pumped' into it to save it. I had no other means of borrowing money so i asked my mum for help and she took out a loan from her bank as well as applied for a credit card all to keep my account afloat. I told my Account Manager that i was very uncomfortable with the large sum of money i was t rading with and i was especially concerned to take money from my mum. I was reassured that all was fine and once my account got back to normal in a few days the money i boorwed from my mum will be taken out. He told me that i had to keep trading with the money though to make more profit. Lo and behold the account got into trouble get the idea. To cut the very long story short i lost a large sum of money (all the borrowed money including my mum's borrowing). I am ashamed to even mention how much it was in total because i keep wondering how i was cohersed to take out all this money. It is very much out of character for me to be taken for a ride but i was made to feel like i could not trade if i did not have a sufficient sum. I was very keen (albeit naive) because i really wanted to make money for a deposit for buying a new home. Since i lost the money 3 weeks ago my Account Manager has changed 4 times!! No one seems to want to take ownership of my account. Apologies for the rather long (essay like) post but i tried to get everything that has happened into it. iTrader's approach of getting clients to pump their account with money is highly UNETHICAL and i am sure they have broken a few rules here!! I would urge anyone who is thinking of trading with them not to...if you are already trading with them let my story be a lesson learnt. This whole experience has ruined my life, left me with a large debt and unable to purchase the house i wanted to for my family. I have asked iTrader to pay my back all my borrowings at the very least. i have all intentions of pursuing this legally if i have to

Rebecca Nwankwo 04/03/2018

Scammed by these crooks!!!

ITRADER company is a big scam they only asking you to deposit more and more money! Also this company sending you apps calling Team Viewer and they have access to you bank details. They also are pushing people to take a loan by saying if you do not take a loan you will lose money and saying they will help you to make more money. I initially was robbed of several thousand £'s! My account managers name was Anna C telephone n0 +44-18-64340023 When I have tried to withdraw the money again on several occasions after filling out all required details each time in my account I have never received any money in my Building Society account! I am a disabled person and this extra stress has not been welcome! My advice to anyone is AVOID THIS CROOKED COMPANY LIKE A BAD SMELL!!!

Terry Hunt 02/02/2018


Itrader company is a big scam they only asking to deposit more and more money also this company sending u apps calling team viewer and they have access to you bank details.They also pushing people to take a loan by saying if u will do not take a loan u will lose it money and saying they will help u to make more money.To be honest never give them any personal information of they ask like how much u earn are u single or have u got kids cos that means they will calculate how much money they could still from u .

Monika Suchecka 01/15/2018

For any inquiries and issues

Hi All!

This is Customer services team!
Unfortunately we cannot respond to comments here in private, so we kindly ask anyone who is having any kind of issue to contact us at: [email protected]
Also you can retrieve to our contact page and call the relevant line for any assistance with your current issue : Customer Services 09/11/2017


I am a client from iTrader and I would like to share with you my experience with this scam-broker.
I have deposited 500 EUR on their homepage with the method " Sofortüberweisung / DIRECTebanking by Skrill ". I clicked on the button and
logged me in in my online Banking account. After that I completed the payment with entering my mobile Tan etc.
My balance has shown in my iTrader-account and I send the customer support all documents ( passport scan, address proof, deposit proof from my online banking etc. ).
They have accepted it but now they are writing me they need a payment proof from Skrill although I deposited with Sofortüberweisung . I also dont have any account with them because I paid with SOFORT..
Now my balance turned to over 800 EUR and I wrote several e-mails since a week. I dont received any anaswer from my "account manager" who is one if the biggest scammer and also from the "best customer support".
Can you help me please ?

Hüseyin Korkmaz 08/04/2017

Not bad after all

Hello I'm Caroline from Canada. I have traded with several other brokers. I found ITRADER quite same as others; except they have a little edge over others for being extra nice to their clients. I had withdrawal issue, luckily they have listened and immediately resolved the my concern.

caroline schmidt 07/05/2017

iTrader: Dishonest sales people

I was told that their forex trading had leverage but didnt involve any margin call if the market goes the wrong direction. I really tried to ask how that is possible and all they said was you can just get yourself a position and sit on it and then when it turns so you are in the money you can cash out. But if your position is out of the money you will not need to pay more to keep your position.

In this way they were persistent and unfortunately I agreed to deposit $250. After I deposited the money I got someone else to call me up and not the guy who promised me to explain his claims. This new guy was a salesperson kind of guy and didnt listen much and wanted me to spend my money and also to deposit more because of many different reasons.
I was stupid to believe in such a claim but at the same time they just lied straight to my face and I now feel all trading companies are dishonest. When you get a salesperson talking and not listening and not willing to answer simple questions I will never ever deposit anything again.

I have been trying to get my money back because I initially deposited based on false information and had not considered everything else they started talking about after my deposition. I would recommend everyone to stay away from all trading companies and just invest and sit on the money using something simple as the dollar avarage method ETC. To me they all seem dishonest, CySEC license or not.

Mikael Jaderberg 06/03/2017

Decency is the Key

Being a full time Insurance and Pension Auditor is not enough to give all the needs of my family, especially that the cost of living here at Switzerland is too high. So thanks to this friend of mine, who introduced me this broker, because I was able to have a secondary income that helped me to give all my kids necessities. Their withdrawal is very smooth, and pretty decent.

Nadine Blau 12/06/2016

Web and Mobile Mode

Great broker, regulated and has many license for different countries. Their Website Platform is fast and powerful so as their Mobile Apps, of which many brokers fall short of.

Giovanni 11/24/2016

MT4 platform

This broker uses MT4, a user friendly platform known worldwide. This is one of the best reason i stay with this broker.

Michael Bronislav 11/21/2016

Trading at its finest!

I am Caitlin from United Kingdom, and this was my first time t be involve in this kind of industry - trading. I am really impressed with this broker because this has been really gave me the best experience ever. Their rules and regulations is what I really like. I feel safe trading in this broker. Love to have you indeed!

Caitlin Rogers 11/09/2016

not a scam

not a scam. they were in the trading industry for a short period of time but already gain their reputation as a trustworthy broker. been doing withdrawals and was able to get my money complete.

Alfred Gervais 11/09/2016

Review for iTrader

Very popular broker with good trading conditions. But when i read their terms and conditions, i understood that it is a 100% bucket shop that attract client with unbelievable bonuses and advertising.

Andrew 11/08/2016

iTrader is my Choice

Good to see this website, and most of the written above are true. I have been trading for couple of months now, and I can say that this broker is really well regulated. Also, it really offers a satisfactory conditions as long as you abide in their rules and regulations.

Just make sure that you are really passionate into trading because by then you'll really enjoy this one.

Fia Johansson 10/20/2016

User friendly and regulated

Just like any other brokers, they have their own pros and cons. But what i like most from this broker is that it has a very user friendly platform, i got used to it for just a couple of days. Also i they got my trust because i know it is regulated and my money are in the safe hands.

Gustaf Lindholm 10/19/2016

Not The Best But Great

Hi there I'm Luces and I'm from Belguim. I am trading both on forex and binary. My choice for forex is this broker and I'm happy with the service they offer, their education section and advice from brokers are a big help to learn how to trade. I lost a couple of time but also won too. My investment in them is paying off (I'm not rich yet but hopefully will haha)Thanks for this review.

Luces Peeters 10/12/2016
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