Overall Rating: ★☆☆☆☆ (1.9/5.0)

ITRADER was an online forex and CFD broker operated by Bayline Global World Ltd, previously authorised by CySEC through Hoch Capital Ltd. However, due to a series of regulatory issues and a revoked licence in 2021, ITRADER no longer operates under a reputable financial authority and has since ceased operations in the EU. Although some versions of the brand persist under offshore structures, these are considered high-risk and unregulated, with a long history of customer complaints, poor transparency, and aggressive marketing practices.

This ITRADER review investigates the broker’s status, platform features (when available), and whether it’s still a viable option for traders.

Key Features

ITRADER initially provided trading through a proprietary platform and MetaTrader 4, focused on forex, indices, stocks, commodities, and cryptocurrencies.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • WebTrader
• Markets Offered:
  • Forex, commodities, stocks, indices, and cryptocurrencies
• Account Types:
  • Silver, Gold, and Platinum (tiered by deposit)
• Leverage:
  • Up to 1:30 for EU clients (prior to CySEC revocation)
  • Some offshore clones offer up to 1:400, which is unregulated

Regulation and Security

ITRADER is no longer regulated by CySEC, with its EU licence revoked due to multiple compliance violations.

• CySEC Licence Revoked (Hoch Capital Ltd – 198/13)
• No current tier-1 regulatory oversight
• No client compensation scheme applies
• Client fund segregation is no longer guaranteed
• Offshore variants are unregulated and high-risk

Pricing and Costs

Before its regulatory issues, ITRADER used a commission-free model with wide spreads that worsened based on account type.

• Spreads:
  • Often from 2.5 pips on majors for basic accounts
• Commissions:
  • None (spreads only)
• Minimum Deposit:
  • $250
• Inactivity Fees:
  • Applied aggressively – up to $80/month
• Withdrawal Fees:
  • Often hidden in fine print; many users reported high charges

Educational Resources and Customer Support

ITRADER marketed education and support as part of its value offering, but most tools were locked behind high deposit tiers.

• Education:
  • Basic articles, trading glossaries
  • Premium resources available only to Gold/Platinum users
• Market Analysis:
  • Daily signals, economic calendar
• Customer Support:
  • 24/5 live chat, phone, and email
  • Numerous reports of poor support and unresponsive service

Risk Management Tools

Risk tools were basic, with few advanced protections offered.

• MT4 stop-loss, take-profit, and margin alerts
• No guaranteed stop-loss orders (GSLOs)
• No risk calculator, dashboard, or custom alerts

Pros and Cons

Pros

• MT4 platform access during active period
• Variety of asset classes
• Multilingual customer support

Cons

• Licence revoked by CySEC in 2021
• Currently unregulated and high-risk
• Aggressive upselling and high fees
• No investor protection or transparency
• Website and platform often inaccessible

Conclusion: Is ITRADER the Right Choice?

No — ITRADER is no longer a legitimate broker under recognised regulation. With its CySEC licence revoked, any remaining versions of the brand operate under unregulated entities, posing severe risks to client funds and personal data.

Traders should avoid ITRADER and instead choose reputable, regulated brokers like Pepperstone, IC Markets, or FP Markets, all of which offer transparency, low fees, and regulatory protection.