ITBFX International broker - Review for 2021
United States, California, Los Angeles - 12/22/2020 — ITBFX international broker is well-known among traders for its effort to minimize (and even eliminate) trading extra costs. They support over thousands of traders with their 24/5 coaching teams. ITBFX offers three account types which are based on market studies performed by R&D department. Based on your experience and budgets, they will recommend to choose one.
Disclaimer: although CFDs are very popular and can be profitable, yet you must consider several factors before trading. Please make sure to consult with an experienced expert before trading. Trading includes risks which increases as higher leverage is implemented.
ITBFX pros and cons
ITBFX trading platform is developed by MetaQuote which is one of the bests of the world. Therefore, order execution time is instant. They provide +13 crypto currencies for traders which make their portfolio one of the most versatile one among all. Last but not least, most customers emphasize on high quality of support team. As mentioned by almost all traders, ITBFX support team will answer tickets less than an hour and also online chat system is also available which will be replied in several minutes.
ITBFX provides an account type (standard) which has zero commission and SWAP. For traders who have long-time trading strategies, it seems to be the best solution to follow their strategy with ease of mind. Following table briefly explains pros and cons of ITBFX:
| Pros | Cons |
|
First-class trading platform 24/5 online support Minimum commission and SWAP Local withdrawal options (in some regions) Comprehensive portfolio (shares, crypto currencies, CFD, currencies, …) |
Limited educational tools Limited educational courses Not providing web trading platform |
ITBFX trading (commission, spreads, conversion and etc.) and non-trading (withdrawal and inactivity) fees are both considered as lowest among all international brokers. To be specific, let’s see the details:
ITBFX Trading fees
ITBFX trading fees are at lowest and even zero in their standard account. All fees are clearly stated in their website and are totally transparent. Fees are divided into followings:
- Trading commission which is for trades of Shares (CFD or real) and instruments
- Spreads which is for each sell/buy in all commodities (Forex, Stock indexes, crypto and etc.)
- SWAP which is for each open (on-going) trades
Since ITBFX has made commission and SWAP totally free, it is obvious that it ranks among best forex brokers based on their additional costs. It also provides following leverage options for trades:
• 1:100 for stock index
• 1:400 for Forex
• 1:10 for crypto currencies
ITBFX has no inactivity fee even for traders who have been inactive over a year.
Minimum deposit
ITBFX has set its minimum deposit requirement to 100 USD (or equivalent) in Forex Standard account. It also has provided local payment methods in some regions, especially in Middle East. All payments and withdrawals are done in local methods, i.e., exchanges.
Partnership or Affiliate
ITBFX has recently launched a modern platform for its partners and those who are willing to become IB. Its platform is transparent and IBs can monitor trades of their subdirectories. All bonus and rebates are calculated automatically.
Media Contacts:
Company Name: ITBFXFull Name: Sara Lamburt
Phone: 00442038074493
Email Address: Send Email
Website: ITBFX.com