Is itrader a good broker

BennetVoerman

Recruit
Messages
7
from what i understand itrader.co.il is different from itrader.com, because itrader.co.il is a binary options firm and itrader.com is forex
 
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kingsman

Sergeant
Messages
202
I have seen its advertisement in facebook suggested post as well. So if they are marketing it means they are trying to have a long term business but I have not tried it personally.
 

carnelian

Private
Messages
211
From the website, it seems good to me as they have many regulations in different countries. Also they have that K.Y.C that is a sign of any good firm.
 

Pharaoh

Colonel
Messages
20,118
From the website, it seems good to me as they have many regulations in different countries. Also they have that K.Y.C that is a sign of any good firm.

Not really. The only one of those which shows a real license is Cysec, the same "regulator" which finally took limited action against Banc de Binary after many years of continuous scam.

MifFid is a set of regulations, not a regulator in and of itself. I could claim to be MiFid complaint. Would that make you want to send me all your money.

The FCA "license" appears to be nothing more than an automatic passport based on the Cysec license. Those passports provide zero protection from the UK regulators.
 

Pharaoh

Colonel
Messages
20,118
Do you have something against UK FCA registration? DIrect (not passported) registration with them is one of the better possible regulations available for a broker.

I believe there are several countries with an FSA. Which one are you endorsing?
 

BennetVoerman

Recruit
Messages
7
Do you have something against UK FCA registration? DIrect (not passported) registration with them is one of the better possible regulations available for a broker.

I believe there are several countries with an FSA. Which one are you endorsing?

hi pharaoh, what is the major difference between a FSA regulation and FCA?
 

Pharaoh

Colonel
Messages
20,118
FCA is the current name of the UK regulator (it was FSA, but there are now several FSA's from different countries).

I'd have to know which FSA is being referred to. Most are from island countries which sell "registrations and regulations" very cheaply and do little or no enforcement.
 
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