Itorotrade (itorotrade.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 3545 Vigilance Dr Ranchos Palos Verdes California 90275 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: itorotrade.com.
I have been trying to close my account with Itorotrade (itorotrade.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Dividend tracking|Social trading features|Full transparency|Copy trading available
Cons: Limited ETF selection
I had a dispute with Itorotrade (itorotrade.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy withdrawals|Wide product range|No hidden fees|Demo account available
Cons: Wait times can be long during peak hours
After using Itorotrade (itorotrade.com) since early this year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: API access|Fast deposits|Excellent charting|Quick verification
Cons: Mobile app could be improved|Minor UI glitches occasionally
My withdrawal from Itorotrade (itorotrade.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past six months of being strung along.
Pros: Dividend tracking|Low minimum deposit|Responsive team
Cons: Minor UI glitches occasionally
The so-called education at Itorotrade (itorotrade.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about three months thinking they would help me learn.
Pros: Personal attention|Good analytical tools|Two-factor authentication|API access
Cons: Alert system is basic
I lost a significant amount because Itorotrade (itorotrade.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Good analytical tools|Risk management tools|Market news feed|Great customer service
Cons: Help articles are sometimes vague
The mobile app from Itorotrade (itorotrade.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Stable platform|Real-time alerts|Great customer service
Cons: No dark mode on mobile|Inactivity fee applies after 12 months
Itorotrade (itorotrade.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Dedicated account manager|Easy to use platform|Multi-currency support|Transparent fees
Cons: Search feature is basic|Spreads widen during volatile periods
The platform at Itorotrade (itorotrade.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: Easy to use platform|Market news feed|Smooth onboarding|Intuitive for beginners
Cons: Email notifications too frequent
The reporting at Itorotrade (itorotrade.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: High security standards|Social trading features|Detailed reporting|Clear documentation
Cons: Research section could be deeper|No integrated tax optimization