ITradeFX -Overview of Minimum Deposit, Spreads & Leverage

BASIC INFORMATION:

The ITradeFX website was first registered in September 2019 and is purported to be owned by MM Capital Group Ltd.

REGULATORY INFROMATION: LICENSE

No valid regulatory information

Please be aware of the risk!

MARKETS

ITradeFX promises superior services in CFD and forex trading, with 23 currency pairs, dozens of stocks, and 16 major stock exchanges. Other instruments available include commodities, such as gold and oil, plus a long list of crypto coins.

SPREADS & COMMISSION

Spreads on leading forex pairs come in around 1 pip. But with no mention of improved spreads based on account type, theres little incentive to place big positions on this platform.

LEVERAGE

ITradeFX is not transparent about the leverage rates available beyond the accessibility of higher rates through their Platinum and Diamond accounts.

ACCOUNT TYPES

There is no minimum deposit when you first sign up, but if youre interested in some of their additional benefits, you can invest in one of their four different account options.

Their silver tier requires a minimum deposit of $2,500 dollars and promises:

· The assistance of a senior account consultant

· Access to online courses

· Up to 10% margin loan

· Market reviews

For their gold package, youll receive all the benefits of the previous tier along with a 35% margin loan for a minimum sum of $10,000.

The platinum and diamond packages step up the features even further, with functionality for higher trades and higher leverage and margin loans of 50% to 100%. However, minimum deposit amounts also increase, with the platinum package requiring $50,000 and diamond accounts needing a minimum of $100,000.

PAYMENT METHODS

Deposits

The platform accepts most credit and debit cards, including:

· Maestro UK (Switch)

· Visa Electron

· Mastercard

· Maestro

· Diners

· Delta

· Solo

· Visa

You can also conduct a wire transfer directly to your ITradeFX trading account. Finally, Bitcoin payment is available by contacting the team directly to arrange payment, who will provide you with instructions on how to proceed.

Withdrawals

You can access your funds in the currency of your choice to your selected bank within a short time frame. According to their anti-money laundering (AML) policy, withdrawals must be processed to the same deposit method.

TRADING PLATFORMS

Web platform provided by Finantek

TRADING HOURS

The site opens for trading when the market for your chosen asset opens. Therefore, you have the option to trade 24/7 with ITradeFX, if you so wish.

CUSTOMER SUPPORT

The support team can be reached at support@itradefx.capital. With that said, there are references to various other support email addresses throughout the site which is confusing. You can also contact the team via the form on their Contact us page – which is open 24/5 to answer queries.

ACCEPTED COUNTRIES

ITradeFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders cannot use ITradeFX from United States.