ITradeFX Review 2022
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| ITradeFX offers online trading with competitive fees, but is the broker safe? | ||
ITradeFX is broker that gives traders access to Forex, stocks, indices, commodities, cryptocurrencies. Surprisingly, ITradeFX does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, ITradeFX has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.
Cryptocurrency traders will have lots of options at ITradeFX, with 31 different coins to trade: ADA, ARK, BCH, BNB, BNT, BTC, DASH, EOS, ETC, ETH, FUN, GAS, IOTA, KMD, LTC, NEO, POWR, QSP, STR, TRX, XLM, XMR, RXP, RTZ, XVG, YCC, YFI, ZEC, ZRX, LEND and REP.
Please note that ITradeFX is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
ITradeFX Summary
ITradeFX offers online trading with competitive fees, but is the broker safe?
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, stocks, indices, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | $0 |
| Min. Trade | 0.01 lots |
| Regulated By | |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✗ |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
Trade on the financial markets with easy access CFDs.
| Leverage | |
|---|---|
| FTSE Spread | 1.1 |
| GBPUSD Spread | 1 |
| Oil Spread | Floating |
| Stocks Spread | Variable |
Forex Trading
Trade major and minor online currencies at ITradeFX.
| GBPUSD Spread | 1 |
|---|---|
| EURUSD Spread | 1 |
| EURGBP Spread | 1.4 |
| Assets | 23 |
Cryptocurrency Trading
A huge range of popular and emerging cryptos are available at iTradeFX.
| Spread | Floating |
|---|---|
| Coins | ADA, ARK, BCH, BNB, BNT, BTC, DASH, EOS, ETC, ETH, FUN, GAS, IOTA, KMD, LTC, NEO, POWR, QSP, STR, TRX, XLM, XMR, RXP, RTZ, XVG, YCC, YFI, ZEC, , ZRX, LEND, REP |
Payment Methods
ITradeFX accepts the following payment methods:
- HUMBL Pay
- Credit Card
- Visa
FAQ
Is ITradeFX Safe?
In our review we gave ITradeFX a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that ITradeFX is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does ITradeFX Accept PayPal?
No, ITradeFX does not accept PayPal payments.
Is ITradeFX Halal?
Probably not, as ITradeFX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is ITradeFX Regulated in the UK?
No, ITradeFX is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
Is ITradeFX Regulated?
No, unfortunately ITradeFX is not regulated to our knowledge. Careful traders might want to check out our list of FCA regulated brokers for options.
ITradeFX vs Other Brokers
If you want to compare ITradeFX with other brokers, use the detailed comparisons below.
- Capex vs ITradeFX
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| ITradeFX offers online trading with competitive fees, but is the broker safe? | ||