Global ITRADER Forex Broker Broker Review

Justin Freeman

Broker Information

  • Company Name: Bayline Trading Ltd
  • Founded: 2012

Platform Info

  • Platform: MetaTrader 4, WebTrader
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: Belize IFSC
  • Minimum Deposit: $250
  • Leverage: Up to: 1:500 (for professional clients only)
  • US Clients: No
  • Funding Methods: Wire, Credit Card, e-wallets

Experts Viewpoint

Global ITRADER is a licensed online broker, managed by Bayline Trading Ltd. The license was obtained by Belize International Financial Services Commission (IFSC) under License No. IFSC/60/322/TS16. The main office is located in 69 Brunswick Street, Edinburgh, United Kingdom, EH7 5HT.

The broker offers a wide range of trading tools: access to about 50 currency pairs, about 160 CFDs on stocks, indices, products, metals, energy products and popular cryptocurrencies are also available, also offers several types of account for its clients:

SILVER ACCOUNT on this account spreads start at 2.2 pips for currency pairs. Also, the leverage is 1: 200 for currencies, 1:50 for metals, indices and commodities, and for shares, the leverage is 1:20. However, webinars and videos for silver account customers are not available. Swaps do not offer discounts. Global ITRADER offers 24/5 customer support.

GOLD ACCOUNT, if compared with the Silver account, this account provides lower spreads for its clients. The EUR / USD spread is 1.3 pips. In addition, the maximum leverage is 1: 400 for currencies, 1: 100 for metals, indices and commodities, and for shares, the leverage is 1:40. The swap fee discount is 25%. Gold Account holders get access to webinars and videos, as well as to a dedicated account manager.

PLATINUM ACCOUNT offers its customers the lowest spreads at 0.7 pips. The leverage is 1: 500 for currencies, 1: 125 for metals, indices and goods, and for shares, the leverage is 1:50. In addition, traders get access to news alerts and free VPS (virtual private server). The swap discount is 50%. Withdrawal and hedging processes are also allowed. For any account, the company offers its customers an Islamic account.

As for the cryptocurrency market, Global ITRADER does not provide its customers with actual trading. However, customers have the opportunity to trade a large selection of cryptocurrency CFDs. The company allows customers to choose 21 different types of cryptocurrency CFD pairs. The leverage offered to customers is 1: 2.

The minimum deposit to be made for cooperation with a broker is $250, regardless of the type of account that the client chooses. To replenish an account, several replenishment methods are offered: Visa, MasterCard, Webmoney, Skrill, Neteller, Bank Transfer.

In matters of education and research, Global ITRADER offers a wide variety of services. This includes daily and weekly market reviews and analytics. The charts also have explanatory videos in which experts explain and interpret some trading details for beginners and intermediate traders. Global ITRADER also offers many educational resources, several e-books and VOD (video on demand).

Global ITRADER, like many other brokers by standard, offers its customers the MetaTrader 4 platform, an independent trading platform designed to trade currency, goods and other products, one of the most advanced and easy to use platforms. MT4, can be used for mobile trading on iPhone, iPad, Multi-Terminal and on all Android devices.

Summing up, we can say that the broker does not offer anything special, Global ITRADER offers everything that can be expected from a brokerage firm operating in a competitive market.

New forex brokers must contend with stiff competition and industry misgivings in order to make it through their first few years. Many do not make it past year three.

The exception to this rule is ITRADER.com. You will find more than just traditional forex trading with this broker, since it also offers CFDs in stocks, indices, cryptocurrencies and commodities for your trading enjoyment. Unfortunately, U.S. clients are not accepted at this time.

Registration is easy, and Spreads and leverage vary by account class, asset type and client classification (retail, professional). Spreads and leverage vary by account class and by asset type, as well, all will be provided with a dedicated account manager to give you the inside track with Global ITRADER’s offering.

An Islamic account is also available. The minimum deposit is 250 units of either USD, EUR, or GBP. Major credit cards, e-wallets or wire transfers can be used for deposit purposes, but funds are safe through segregation and protection from the Cypriot Investor Compensation Plan up to 20,000 Euros.

Global ITRADER is operated by Bayline Trading Limited. It’s licensed and regulated by the Belizean International Financial Services Commission (IFSC) under License No. IFSC/60/322/TS16. Global ITRADER has its registered office address as 69 Brunswick Street, Edinburgh, United Kingdom, EH7 5HT, is a subsidiary of Bayline Trading Ltd.

As for trading platform options, Global ITRADER does not discriminate. It supports the highly popular MetaTrader4 protocol series, as well as WebTrader and mobile applications that do not require any complicated downloads. If you can access the Internet, then you can trade with Global ITRADER.

This firm also offers a wide choice of asset securities, topping out at over 160 items at this writing, which include CFDs on forex, cryptocurrencies, stocks, indices, and commodities. Spreads for the highly traded “EUR/USD” currency pair begin at 2.2 pips for Silver members and fall to 0.7 pips for Platinum membership. Customer service reps are responsive, and you can avail yourself of a multitude of eBooks, videos on demand, training courses, tutorials, and informative articles, as well.

ITrader website screenshot

Unique Features of Trading with Global ITRADER

Why trade with ITRADER.com? The firm lists these reasons:

  • Global ITRADER is operated by Bayline Trading Ltd;
  • Registered office is in Edinburgh, United Kingdom;
  • Bayline Trading Limited which is regulated by the Belizean International Financial Services Commission (IFSC) under License No. IFSC/60/322/TS16;
  • Three account classifications – Silver, Gold, and Platinum, with escalating benefits at higher classes, such as tighter spreads and expanding leverage;
  • Competitive spreads and leverage that vary by asset type and across account class, as low as 0.7 pips and leverage as high as 500:1 (this leverage is available to professional clients only);
  • Minimum deposit = 250 units of USD, GBP, or EUR;
  • The company reserves right to charge withdrawal fee of 50 EUR in case if the account had insignificant trading activity (1 trade only) or no trading activity at all;
  • No U.S. clients accepted at this time
  • Over 200 asset choices: Forex (50); Stocks (194 from US, EU and Australia); Indices (16); Commodities (17);
  • MetaTrader4 trading platform supported, along with web-based WebTrader version and mobile applications for easy online access;
  • Comprehensive support center includes eBooks, videos on demand, training courses, tutorials, and informative articles;
  • Bilingual customer service staff available “24X5” via live chat, email, and direct phone line.

Global ITRADER Spreads and Leverage

Spreads and leverage can vary by asset type, account classification and client classification (retail, professional). For example, for the “EUR/USD” currency pair – Spread: Silver = 2.2 pips, Gold = 1.3 pips, and Platinum = 0.7 pips; Leverage: Silver = 200:1, Gold = 400:1, and Platinum = 500:1 (given leverages are available for professional clients only). Other asset type spread, and leverage data are presented on the Global ITRADER website.

Global ITRADER Software for Trading

In the keeping it simple vein, Global ITRADER chose to go with a traditional approach of offering the very popular MetaTrader4 series of trading protocols, supplemented by web-based alternatives for on-the-go traders. WebTrader is the online trading platform, complete with its own package of charting tools, trend notification mechanisms, and real-time analysis.

Mobile applications round out the trading platform options, such that anyone that can access the Internet from anywhere can open and close financial market positions with ease. Security is also top of the line with this broker. The latest SSL encryption technology ensures that personal information and trading activity are private, and SAS 70 and Level 1 PCI standards ensure that system reliability and payment data are sound and secure.

Deposits and Withdrawals with Global ITRADER

Major credit cards, major e-wallets and banking wire transfers are the deposit methods of choice. In line with internationally mandated regulations, KYC/AML identity documentation must be current, on file and in order before any withdrawal request can be honored.

Global ITRADER Beginner Traders Support

Bilingual customer support personnel are available “24X5” each trading day of the week. They can be reached in a variety of ways, including live chat, email, and direct phone line. Account managers and Senior account managers are available for all types of accounts. If you need to learn the basics or just to brush up on your skills, the support center at Global ITRADER is very comprehensive. In additional to daily news feeds and analysis, the website is overflowing with ebooks, videos on demand, training courses, tutorials, and informative articles.

Global ITRADER Review Conclusion

Global ITRADER has developed a respectable franchise and weathered quite a few storms in the forex industry, including the crisis in Cyprus and the Swiss Franc debacle. Its commitment to stick with its simplified offering, based on popular trading protocols and an expansive list of asset choices, has stood the test of time.

Its regulated by IFSC and been in compliance with MiFID II regulations throughout the EU, offering another level of peace of mind that traders demand today – safety of deposits and order execution reliability. Add in competitive rates and spread values for CFDs on forex, stocks, indices, cryptocurrencies and commodities, and you have a compelling value proposition that would meet anyone’s high standards.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Justin Freeman

Latest news

AUD/USD Pair Dips 0.45% in Markets, COVID Panic Grips
The US dollar continued a week of surges in lots of its key pairs after the coronavirus pandemic placed itself firmly back on the agenda. Read more
EUR/GBP Eyeing 0.9282 Level on the Forex Price Charts
The pair containing the single European currency and the British pound has been closely watched in recent weeks. Read more

Safest Forest Brokers 2020

Broker Info Best In Customer Satisfaction Score
#1 ForexTime LogoYour capital is at risk Founded: 2012 Global CFD and FX broker
Number One Broker
Best FOREX BROKER Visit broker
5
#2 Your capital is at risk Founded: 2012 Global Forex Broker
Number One Broker
Best Trading App Visit broker
5
#3 Forex Broker Pepperstone LogoYour capital is at risk Founded: 2010 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
4.9
#4 Your capital is at risk Founded: 2006 Globally regulated broker
Number One Broker
BEST CUSTOMER SUPPORT Visit broker
4.9
#5 BlackBull MarketsYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8

    Forex Fraud Certified Brokers

    Oinvest Small Logo
    ATFX Logo
    Plus500 Small Logo
    City Index Logo
    Pepperstone
    Exness Small Logo
    IQ Option Logo
    Oanda Small Logo
    Forex.com Logo
    OctaFX Logo
    LegacyFX Small Logo
    skilling logo
    VantageFX Small Logo
    HYCM Logo
    BlackBull Markets Small Logo
    XM Logo
    FXTM Logo