iTraders24 Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:29

Abstract：Based in the UK, iTraders24 is an unregulated broker. Through a web trader, it provides market instruments such as stocks, commodities, FX, indices, and cryptocurrencies. This platform's trading window is open till 1:100. To begin trading on this platform, traders must invest at least $250.

　　Note: iTraders24's official website - https://www.itraders24.com/ is currently inaccessible normal.

iTraders24 Review Summary
Founded	2013
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	250+, Forex, Stocks, Commodities, Indices, Cryptocurrencies
Demo Account	/
Leverage	Up to 1:100
Spread	From 2 pips (Classic account)
Trading Platform	Web Trader
Min Deposit	$250
Customer Support	24/5 support
	Contact form
	Tel: +44 203 0973266
	Email: Support@iTraders24.com
	Company Address: 150 Minories, London EC3N 1LS, UK

　　Based in the UK, iTraders24 is an unregulated broker. Through a web trader, it provides market instruments such as stocks, commodities, FX, indices, and cryptocurrencies. This platform's trading window is open till 1:100. To begin trading on this platform, traders must invest at least $250.

Pros and Cons

Pros	Cons
Diverse tradable assets	Unfunctional website
Multiple account types	Unregulated status
	Wide spreads on the Classic account
	No MT4/5
	High minimum deposit requirement
	Only accept Bitcoin payments

Is iTraders24 Legit?

　　No, iTraders24 has not been regulated by any notable authorities, which indicates that it carries higher risks.

What Can I Trade on iTraders24?

　　iTraders24 provides traders on this platform tradable products including forex, stocks, cryptocurrencies, commodities, and indices.

Trading Asset	Available
Forex	✔
Stocks	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Classic	$250
Silver	$25,000
Gold	$50,000
VIP	$150,000

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.