About iTraders24
Overview
iTraders24 is a retail forex and CFD brokerage that was established on 19 January 2022. The firm is registered in the United Kingdom under the address 150 Minories, London EC3N 1LS. According to our records, iTraders24 operates under no financial regulatory licence, which means it does not fall under the oversight of any recognised regulatory authority. This absence of regulation is a significant factor for traders to consider, as it removes the safeguards typically provided by regulatory bodies.
Despite being relatively new, iTraders24 has established an online presence through its website itraders24.com. The broker does not appear to be authorised by the UK's Financial Conduct Authority (FCA) or any other major regulatory body. We were unable to find any independent user reviews or verified third-party assessments of the broker's operations.
Regulation and Licensing
As per the known facts, iTraders24 has no regulators on file. This means the broker is not licensed or authorised by any financial authority to offer forex, CFD, or other trading services. The lack of regulation is a red flag for traders, as it means the broker is not required to adhere to standard protections such as segregated client accounts, negative balance protection, or participation in compensation schemes.
We cross-checked the registered address (150 Minories, London) against public records. This address appears to be a serviced office or virtual office location used by many companies. It does not provide assurance of a physical trading floor or operational presence.
Account Types and Minimum Deposits
iTraders24 offers four account tiers: Classic, Silver, Gold, and VIP. The Classic account requires a minimum deposit of $250, making it the most accessible option. The Silver account requires $25,000, Gold requires $50,000, and the VIP account requires a substantial $150,000 minimum deposit. Leverage information is not provided in the known facts, but such tiered accounts typically offer scaled leverage and additional features.
The high minimum deposits for the middle and top tiers suggest iTraders24 is targeting high-net-worth individuals. Without official information, it is unclear what specific instruments or platforms are offered. The broker does not list available instruments in our records.
Registered Address and Jurisdiction
The broker is registered at 150 Minories, London EC3N 1LS, United Kingdom. While the UK is generally a regulated jurisdiction for financial services, iTraders24 does not hold an FCA licence. The use of a London address may lend an air of legitimacy, but it does not substitute for actual regulation. We advise traders to verify any address independently.
Being registered in the UK does not automatically confer legal protections. If iTraders24 is not FCA-authorised, UK investors may have limited recourse in the event of disputes or insolvency.
Risk Score and Conclusion
FXCanary has assigned iTraders24 a Scam Risk Score of 49 out of 100, which falls under the 'Guarded' category. This score reflects the significant risks posed by the lack of regulation and the limited public information available. Traders should exercise extreme caution if considering depositing funds with this broker.
In summary, iTraders24 is a young, unregulated broker with high minimum deposit requirements. Without independent reviews or verified operational history, it is difficult to assess its reliability. We recommend that traders prioritise regulated alternatives.
Overview compiled by FXCanary from regulatory records and public data. full iTraders24 review