Review and feedback on iTrader – essential information before choosing a broker
Overview of the main data about iTrader broker
Company Bayline Global World Ltd., managing the site itrader.com, is registered in the UK. Despite the specified legal address, the license for brokerage activities is obtained by another company – Bayline Trading Ltd., registered in the offshore zone of Belize. This raises doubts about the transparency of the broker’s activities and the protection of clients’ interests.
The license issued by the local regulator IFSC of Belize also raises questions about the company’s security and reliability. Reviews from disappointed traders point to issues with fund withdrawals and service quality.
Review of CFD and forex broker iTrader trading accounts
iTrader offers clients 3 types of trading accounts: Silver, Gold, and Platinum. Detailed conditions are available on the website, however, the minimum initial payment amount is not explicitly stated. Also, the absence of a demo account for beginners limits learning and testing trading strategies.
Educational materials and service
The iTrader broker provides limited access to educational materials and training, the terms of which depend on the client’s account level. The absence of a demo account and tools for testing trading skills raises questions about the company’s readiness to educate clients.
Payment systems and fund withdrawals
The iTrader website displays many payment system logos, but the actual options available for fund withdrawals are fewer. Money can only be withdrawn by credit card, bank transfer, or through Skrill/Moneybookers. There is no withdrawal fee, but limits on the minimum amount and processing times are set.
Client reviews
Reviews of iTrader often contain negative comments about fund withdrawals, service, and technical support. Traders complain about low transparency and insufficient company involvement in resolving client issues.
Review Summary
The iTrader website and conditions do not offer anything unique or special. The reliability of the broker raises doubts, and the absence of positive reviews and ratings on trader forums highlights client dissatisfaction. It is recommended to exercise caution when choosing this broker and pay attention to reviews from other traders.
Read also: Review and feedback from traders about the dubious broker GMO Trading.
I recently tried out iTrader and unfortunately, it turned out to be another scam targeting gullible traders. The platform promised high returns and easy trading, but in reality, it was just a way to lure in unsuspecting traders and steal their money.
The customer service was practically non-existent, and when I tried to withdraw my funds, I was met with endless delays and excuses. It became clear to me that iTrader was not a legitimate trading platform, but rather a scheme to take advantage of naive investors.
I would highly recommend avoiding iTrader at all costs and instead, choosing a reputable and regulated trading platform. Don’t fall for their promises of easy money – it’s likely too good to be true. Stay away from iTrader and protect your hard-earned money from these scammers.
iTrader is a known scam in the trading industry. They have been reported for fraudulent activities and have scammed many gullible traders out of their hard-earned money. It is important to be cautious when dealing with any trading platform and to do thorough research before investing any money. It is recommended to stay away from iTrader and to choose a reputable and regulated broker instead. Remember to always be vigilant and protect yourself from potential scams in the trading world.