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ITradeFX Review and Information 2024

ITradeFX
Voting Rating ITradeFX does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Status Closed
Regulation
Trading software Meta Trader 4
Headquartered

Forex Capital Markets LLC announced it has reached an agreement to acquire the U.S. and international retail forex clients of i-Trade FX. Subject to regulatory approval, accounts are expected to be transferred from i-Trade FX to FXCM on May 8, 2009.

Like several other forex firms, i-Trade FX has decided to cease offering service to US retail clients. Other firms that have decided to exit the U.S. retail business include ODL Securities, Hotspot FX, and CMC Markets. To offer retail forex trading services under NFA rules, Forex Dealer Members (FDMs) will be required to have a minimum of $20 Million in firm capital as of May 16, 2009. 

i-Trade FX, a registered Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA), regards FXCM as a leader in the retail forex community and believes that FXCM offers clients excellent execution and customer service.

FXCM considers i-Trade FX a strong broker with an innovative touch. FXCM recognizes the many attributes i-Trade FX brings to the industry.  i-Trade FX is diligently working with FXCM to make the transition as smooth as possible for all affected clients.      

FXCM welcomes all clients from i-Trade FX. Most clients will benefit from FXCM’s Standard account features of  low spreads  as low as 1 pip  and No Dealing Desk execution.* i-Trade FX clients using the MetaTrader4 (MT4) trading platform will continue to be able to use MT4.  FXCM’s version of the MT4 platform offers No Dealing Desk execution and fractional pip pricing. FXCM also has a dedicated MT4 support team to help clients transition their accounts.

FXCM, with over $100 Million, has one of the largest amounts in firm capital.† FXCM was founded in the United States and has offices, partners, and affiliates in the world’s major financial centers, uniquely positioning FXCM to provide exceptional service to traders around the world. Furthermore, FXCM is regulated in the U.S., the U.K., France, Australia, UAE, Hong Kong, and Canada. FXCM’s domestic offices are located in New York, NY; Plano, TX; and San Francisco, CA; FXCM’s international offices include Hong Kong, Paris, Dubai, London, and Sydney.

FXCM will provide regular updates to clients throughout the transfer. FXCM staff is available to answer questions about the transition and can be contacted 7 days a week 24 hours a day via phone, e-mail and chat.

ITradeFX Trading Information 2024


WWW http://itradefx.com/
Digits after the dot in quotes 4
Minimum position size 0.01
Pip spread on majors 1-3
Maximum Leverage 500:1
Standard account, $ 100
Mini account, $ 100
Popular payment methods Credit Cards, Wire Transfer, WebMoney
Account currencies USD, EUR, JPY, GBP
Languages English
Platforms MetaTrader 4
Regulation not regulated
Foundation 2006

ITradeFX Traders' Reviews

Itradefx are scammers. they had run a special for weekend. I deposited the money and sent proof. the CEO even gave me time to update me but i found myself being blocked from all socials. I don't why yjey say the company is legit while it's not.
  23 Jan 2021  

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Same thing happened to me.
Lizzy   26 Jan 2021
Who was the broker? where did you meet?
Nokubonga   4 Jan 2022
Not operating! All services disabled since Itrade couldn’t cover security deposit as required by regulators and became undercapitalized. Then all active accounts of this broker were acquired by FXCM. I would say that I had the same experience as many other customers. Most their customers complained that execution was too slow. You can assume delays up to 5-10 secs in instant orders execution. Sometimes it was 5 seconds, sometimes it was much longer… It didn’t matter if you traded manually or by expert advisers. I’ve heard that founders founded new fx firm called eforex after liquidation of itrade fx. So be careful if you are a customer of that new brokerage firm.
  26 Jul 2016  

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Their demo account shows impressive profits, but my live account with exact same parameters is negative. Wrong trades at wrong times, requotes, etc. and I am using a robot. Need to change brokers.
  19 Mar 2009  

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Realistic Spreads, Great Customer Service, and a quality platform. I have traded at a lot of places and I think I have finally found my home
  24 Feb 2009  

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Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

No complaints. Fair spreads and very good customer service. I had a stop be slipped once and I called and they reimburssed me for it. The platform is pretty basic and very easy to get use to. Way better than FXCM. The only other broker that I've used that made me this happy was GFT.
  20 Feb 2009  

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Amazing brokers. I've never had one issue at all with them. Low spreads and my trades are executed instantly. Amazing customer service and a very easy software platform to use. I laugh when I see people put comments like they are a rip off. How can they be a rip off when they aren't selling anything? I've been trading for three years and I've never been so satisfied with a broker like I am with ITradeFX. I've recommended four friends to them and will keep them coming.
  23 Jan 2009  

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I love executing my trades with I-Trade! Very little if any slippage. Precise, real time, and I have never had a problem getting anyone on the phone. I'm newer to this market, and they have helped get me pointed in the right direction! I'll never leave! I'm so happy a professional acquantance of mine referred me!
  20 Jan 2009  

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Excellent firm! Importantly, you get honest spreads! (ever been taken out too early because they 'say' u have a 1pip spread when you don't? not with I-tradeFX). Also, you are allowed to straddle during news times!! (very good feature, not many firms offer this). Their platform is basic, It is easy to use when you want to place a trade (but there is not much you can do with the charts) I use a different platform for trading - But my money is with I-tradeFX. This is a brokerage firm, they specialize in the handling of money which is the most important thing when it comes to trading- Platforms can be found easily, you can just get their feed. Not all firms out their are honest in their dealings. I have been with I-tradeFX for 6months and I'm staying
  6 Nov 2007  

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Is the worst of the worst, every bad feature a platform could have, they have it. ripp off
  23 Apr 2007  

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