WikiFX Review: Is it OK to invest in ITE GLOBAL?

WikiFX | 2022-10-21 17:04

Abstract：ITE GLOBAL is an online forex broker registered in the United States. Recently the amount of complaints against reached 21 within 3 months. We wonder if this broker is reliable. WikiFX made a comprehensive review on this broker so that you can make a wise decision based on what you read now.

About ITE GLOBAL

ITE GLOBAL is an online broker providing diversified online financial transaction to retail and institutional customers. ITE GLOBAL is said to be registered in the United States, operated by ITE GLOBAL Limited. This broker offersTradable financial instruments available on the ITE GLOBAL platform include forex currency pairs, gold and silver, crude oil as well as global stock index, shares and commodities.

Minimum Deposit

ITE GLOBAL does not disclose its minimum initial deposit. In most cases, most brokers require its traders to fund around $100 to start real trading.

Leverage

The default leverage is 1:100, and traders can adjust the maximum trading leverage up to 1:500 according to the account balance and their credit situation. Besides, trading leverage also vary depending on particular instruments. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

ITE GLOBAL advertises that it offers low spreads and charges no commissions. However, ITE GLOBAL does not specify spreads on particular instruments. Clearly, it is an advertisement used by ITE GLOBAL to attract then scam trader.

Trading Platform

ITE GLOBAL offers MT5 trading platform.

Deposit & Withdrawal

In terms of payment methods, ITE GLOBAL working with several payment methods including MasterCard, Visa, Skrill, Neteller, Perfect Money, CASHU, MOPESA, as well as Bank Wire.

Customer Support

The ITE GLOBAL customer support can be reached through email: services@iteg.cc. Service Time: Monday to Friday 08：00am to 10:00 pm.

Regulation: Is ITE GLOBAL legit？

As we know so far, ITE GLOBAL is not a regulated broker. The regulation of NFA with license number 0540820 is considered Unauthorized.

Exposure

According to the complaints we received, the victims comes from different countries. It is obvious that this broker has business all over the world. Many victims complainted that this broker is a scam and block clients withdrawal request. Below are some of the cases that we want to show you.

Conclusion:

ITE GLOBAL has a notorious track record of scam people‘s money. We does not advise people to invest in this broker as it is very likely to take people’s money away fraudulently. WikiFX contains details of more than 38,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html).

Broker Forex trading Forex Broker Scam Alert

Related broker

Not Regulated

ITE GLOBAL

Company name：ITE GLOBAL LIMITED

Score

1.51

Website：https://www.iteg.cc/#/index

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.51

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