ITBfx-Overview of Minimum Deposit, Spreads & Leverage
Abstract：ITBfx, established in 2017 and headquartered in London, is an online trading platform offering financial instruments to traders. With a range of account types, including Nano Account, Standard Account, and ECN Account, traders can access tradable assets through the MetaTrader 5 trading platform. While the platform provides flexibility and accessibility, it operates without regulatory oversight, necessitating caution due to potential risks associated with unregulated trading.
| ITBfx Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Saint Lucia |
| Regulation | Unregulated |
| Market Instruments | Forex, Metals, Indices, Crypto, Stocks |
| Demo Account | Available |
| Leverage | Up to 1:500 |
| Spread | From 0 pips (ECN account) |
| Trading Platform | MT5 platform for all devices (Windows, Mac, Android, iOS) |
| Min Deposit | $10 (Nano Account) |
| Customer Support | Phone: +442080971783, +442080971742 |
| Email: support@itbfx.com | |
| 24/7 live support: Yes | |
| Physical Address: The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia | |
ITBfx Information
ITBfx is set up in 2018. It offers trading tools like currency, metals, indices, cryptocurrencies, and stocks, thereby granting access to worldwide financial markets. Its MT5 platform offers fast execution, interoperability with various operating systems, and expert advice among other things to support trading across several devices.
Pros and Cons
| Pros | Cons |
| Low minimum deposit starting at $10 | Unregulated |
| 3 account types for diverse traders | Restriction in many countries (USA, Japan, Canada.etc) |
| Provide MT5 platform with full support |
Is ITBfx Legit?
ITBfx is unregulated.
What Can I Trade on ITBfx?
Forex, commodities, indices, cryptocurrencies, and stocks are among the trading items ITBfx carries.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
Leverage
ITBfx provides different leverage for different accounts.
| Account Type | Leverage |
| Nano | Up to 1:200 |
| Standard | Up to 1:500 |
| ECN | Up to 1:500 |
Account Types
ITBfx offers 3 account types: Nano, Standard, ECN account.
| Account Type | Minimum Deposit | Leverage | Spread | Commission | Key Features |
| Nano | $10 | 1:200 | Floating from 1.5 | No | Entry-level, limited instruments |
| Standard | $50 | 1:500 | Floating from 2.0 | No | Suitable for beginner traders |
| ECN | $100 | 1:500 | Floating from 0 | $4 per lot | Designed for experienced traders |
ITBfx Fees
For ECN accounts, ITBfx provides spreads ranging from 0 pip; for ordinary accounts, they range from 2 pip.
Commissions apply just to ECN accounts for $4 per lot; nano and standard accounts are commission-free.
ITBfx has a stop out rate. For Nano and Standard accounts, it's 20%. For ECN account, it's 30%.
| Account Type | Spread | Commission | Stop out rate |
| Nano | From 1.5 pips | No | 20% |
| Standard | From 2 pips | No | 20% |
| ECN | From 0 pips | $4 per lot | 30% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, Mac, Android, iOS | All traders, experienced or new |
| cTrader | ❌ |
Deposit and Withdrawal
ITBfx doesn't mention the specific payment methods.
However, the minimum deposit is $10 in Nano account.
Bonus
ITBfx provides some bonuses to attract users.
| Bonus Type | |
| Welcome Bonus | Minimum of $50, up to $500 |
| Referral Bonus | 10% of referrals |
| 50-50 First Deposit Bonus | deposit $50 with additional $50 bonus |
| Existing Users Bonus | 30% bonus |
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