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itraders24 is a new online trading platform that claims to offer a variety of financial instruments, such as forex, stocks, commodities, indices, and cryptocurrencies. The website promises high returns, low commissions, fast withdrawals, and professional customer support. But is itraders24 a scam or a legit broker? In this review, we will examine the features, pros, cons, and risks of itraders24 and help you decide whether to invest with them or not.
Features of itraders24
- itraders24 claims to have over 250 trading assets available on its platform, including major currency pairs, popular stocks, precious metals, oil, and digital coins.
- itraders24 offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the maximum deposit for the Platinum account is $50,000. The accounts differ in terms of leverage, spreads, bonuses, and access to educational materials and market analysis.
- itraders24 provides a web-based trading platform that is compatible with any device and browser. The platform has a simple and user-friendly interface that allows traders to execute orders, monitor positions, access charts and indicators, and use various trading tools.
- itraders24 also offers a mobile app for Android and iOS devices that enables traders to trade on the go. The app has similar features as the web platform and allows users to manage their accounts, deposit and withdraw funds, and contact customer support.
- itraders24 claims to have a dedicated and professional customer support team that is available 24/7 via phone, email, live chat, and social media. The website also has a FAQ section that answers some common questions about the broker and its services.
Pros of itraders24
- itraders24 offers a wide range of trading assets that can suit different preferences and strategies.
- itraders24 has a low minimum deposit requirement of $250 that makes it accessible to novice and small traders.
- itraders24 provides a web-based and mobile trading platform that is easy to use and navigate.
- itraders24 claims to have a reliable and responsive customer support team that can assist traders with any issues or inquiries.
Cons of itraders24
- itraders24 is not regulated by any reputable authority or agency. This means that the broker is not subject to any rules or standards that protect the interests and rights of traders. There is no guarantee that the broker will operate fairly, securely, or transparently.
- itraders24 has a high leverage ratio of up to 1:400 that can amplify both profits and losses. Leverage is a risky tool that can expose traders to significant losses that exceed their initial investment.
- itraders24 has a negative online reputation among traders and reviewers. Many users have complained about the broker’s poor service quality, hidden fees, delayed withdrawals, aggressive marketing tactics, and fraudulent activities.
- itraders24 does not provide any information about its trading conditions, such as spreads, commissions, swap rates, margin requirements, or order execution policies. This makes it difficult for traders to evaluate the costs and risks of trading with the broker.
Risks of itraders24
Based on our research and analysis, we conclude that itraders24 is a scam broker that should be avoided at all costs. The broker has many red flags that indicate its illegitimacy and unreliability. Some of these red flags are:
- Lack of regulation: itraders24 does not have any license or authorization from any recognized regulator or jurisdiction. The broker operates in an unregulated and shady environment that exposes traders to various risks and dangers. There is no oversight or accountability for the broker’s actions or operations.
- False claims: itraders24 makes many false and misleading claims on its website and promotional materials. For example, the broker claims to have offices in London, New York, Hong Kong, and Dubai, but does not provide any physical address or contact details for these locations. The broker also claims to have won several awards and accolades from reputable organizations, but does not provide any evidence or verification for these achievements.
- Negative feedback: itraders24 has received numerous complaints and negative reviews from traders who have used its services. Many users have reported being scammed by the broker’s agents who pressured them to deposit more money or refused to process their withdrawal requests. Some users have also accused the broker of manipulating their trades or closing their accounts without their consent.
- Unfavorable terms: itraders24 has some unfavorable terms and conditions that can harm traders’ interests and rights. For instance, the broker reserves the right to change its prices, spreads,
What to Do If You’ve Lost Money with itraders24?
If you have been scammed by itraders24 or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.