ITG-Some important Details about This Broker

Note: ITG Traders' official website - https://itgtraders.com is currently inaccessible normally.

Registered in the Saint Vincent and the Grenadines, ITG is an offshore forex broker providing easy access to various financial markets. ITG provides two trading accounts, Standard and Pro, and the maximum leverage that can be used on this platform is up to 1:400.

ITG is operated by ITG Traders LTD, a company registered in Saint Vincent and the Grenadines, and this company does not hold any regulatory license to show it operates legally. Please be aware of the risk.

Pros and Cons

Is ITG Traders Legit?

No, ITG Traders is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on ITG Traders?

Account Type

Two types of trading accounts are on offer: Standard and Pro. The minimum deposit to open both account is $100, which sounds acceptable for most regular investors.

Leverage

When it comes to leverage, Climax Prime allows its clients to use leverage of up to 1:400 for both account types, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spread and Commission

With commissions not disclosed, spread is determined by trading accounts, with the minimum spread offered by the Standard account starting at 1.0 pips, spreads offered by the Pro account starting at 0.0 pips.

Trading Platform

Climax Prime provides access to the industry-leading MT5 trading platform. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.