iTrade has been flagged by National Securities and Stock Market Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I signed up with iTrade through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Automated trading options|Smooth onboarding
Cons: Limited social trading features|Email notifications too frequent
KYC with iTrade is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Market news feed|Clean UI
Cons: No fractional shares|Onboarding videos are outdated
I am in a dispute with iTrade over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Full transparency|Risk management tools|Stable platform
Cons: Spreads widen during volatile periods|No fractional shares
Several red flags with iTrade: (1) They promise unrealistically high returns, (2) They're not registered with National Securities and Stock Market Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
What really bothers me about iTrade is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Helpful community forum|Personal attention|Economic calendar
Cons: Live chat only during business hours|Search feature is basic
I trusted iTrade with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Fast deposits|Responsive team|Regular updates
Cons: No phone support on weekends
The onboarding at iTrade was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dedicated account manager|Social trading features|Professional team|Fast support response
Cons: No live chat on mobile|Onboarding videos are outdated
I was contacted by iTrade through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized