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i-Trade FX Forex Broker Review

by forex on July 18, 2009

About i-Trade FX Forex Broker

i-trade-fxi-Trade FX Forex Broker was one of the more known online forex trading companies. Their US and international clients were recently acquired by FXCM, due to the fact that they were undercapitalized.

However, even when they were independent to FXCM, many of their clients were not happy with the way they were treated. Many claim that they could not access their accounts even after funding it accordingly. EA was also not accepted. There were also a lot of reports regarding slippages. It is worth noting that most online forex brokers send out internet representatives to forums and blogs to remedy negative feedbacks, but i-Trade FX Forex Broker was not one of them.

i-Trade FX Forex Broker is already a subsidiary of FXCM, hence, only i-Trade FX Forex Broker clients will be handled by FXCM from now on.

Basic Broker Details

Site http://www.itradefx.com
Country of Origin USA
Accepted Deposit Modes Bank wire, any major credit cards, paper cheques
Withdrawal Method Bank wire, any major credit cards, paper cheques
Leverage 1:100 maximum
Regulation Body Not applicable, since iTrade FX is already under FXCM
Spread 3 pips (EUR or USD)
Minimum Account Requirement $300

Pros of i-Trade FX Forex Broker

*Customized trading platform

Cons of i-Trade FX Forex Broker

* No MetaTrading 4 support

*Lack of customer support

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