ITI FX Review
ITI FX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this ITI FX Review.
ITI FX Review
ITI FX offers two basic types of live trading accounts: STP and DMA. There is also the option for a joint account, owned by 2-3 traders, with a minimum deposit requirement of $3000. The broker also has a “company account” for higher volume and institutional traders, with a deposit requirement of $10 000. However, there is no option for a free demo account.
ITI FX has an asset portfolio of 55 currency pairs and CFDs on metals, commodities and indices.
The broker allows scalping and automated trading. ITI FX also provides free VPS hosting for clients with $2000 deposit and a 10 lot trade
The Company. Security of Funds
Company Country Regulation
CMGL Company SVG SVG FSA
ITI FX is a brand of CMGL Company, registered in the offshore zone Saint Vincent and the Grenadines. The broker is supervised by the local Financial Services Authority (FSA), but the regulator is not known for its robust oversight.
On the contrary, the offshore zones are generally known for their lax regulation and business rules and non-existent corporate taxes. This makes them very attractive for scam companies and those seeking to cut financial and regulatory corners.
It is highly advisable that clients avoid such offshore companies and do business with brokers supervised by proper regulator’s like UK’s FCA or the Australian regulator ASIC.
Trading Platforms
Much like the vast majority of forex brokers, ITI FX offers the trading platform MetaTrader 4 (MT4) for desktop and mobile devices. The web-based version of the platform is not available.
MT4 is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading. The broker also allows scalping and high-frequency trading.
Methods of payment
ITI FX accepts payments through bank transfers and the online payment systems Neteller and I-Account. There is also the option of internal fund transfers between accounts.
ITI FX, despite its relatively attractive trading conditions, is an offshore broker licensed by a regulator that is not known for its serious requirements and oversight, and this should be always kept in mind.
Compared to the majority of other offshore brokers, ITI FX has somewhat better trading conditions, especially in terms of deposit, which is relatively low and the fairly decent spreads.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
ITI FX Review Conclusion
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