RECOMMENDED FOREX BROKERS
ITI Capital is a stable broker that nevertheless comes equipped with a number of very annoying things that made our experience with it at time unbearable. You will see the ones concerned with trading and payment down below, but for now lets focus on the accessibility of the site. As far as the interface and how well ITI Capital handles its website, this is one of the most awkward and irritating website of a legitimate broker we have come across. Navigating through it is a chore, and it seem overly-complicated. This is what we think; you might find it useful. As for the rest of the crucial elements, please read the review to find out all about them.
The broker at hand hold a license from the FCA, one of the most notorious and effective regulative bodies in the world.
The FCA has incorporated very strict guidelines that all of its licensees must abide by if they wish to remain under the category of legally operating. Furthermore, the FCA can be very strict in enforcing its rules, by initiating disciplinary penalties, many of which can go in the million of pounds. Next, user’s funds are kept away from the broker’s ones, i.e client segregated funds, in order to keep them safe from harm. There is also the capital requirement of €730 000 that all brokers must have in in order to be licensed by the agency. By far the most crucial thing that users must know about the FCA is that is grants all users of its regulated brokers a Financial Services Compensation Scheme of £85 000. In essence, should a broker fall into insolvency, this scheme will reimburse users up to £85 000.
The company has branches around the world as part of the ITI Group. These branches are to be found in Kazakhstan, Cyprus, Russia, and Guernsey. Furthermore, it offers brokerage services to both private clients and institutional ones.
However, when we tried to open an account, we got an internal server error message. This is a major breaking point for us, and we are unaware why this issue kept returning for us. Maybe it was due to our location, maybe the servers were down the day of the review… What ever the case is, ITI Capital should have included a warning or a sign.
So, this means that we will not be taking information from the broker’s user dashboard, but from the website. This should not brig us and you any contradictory information, because ITI Capital is fully licensed. However, just as a side note, we have had previous licensed brokers who came with a certain amount of discrepancy between what we fond in the client dashboard and what has revealed on the website.
With that out of the way, the leverage at ITI Capital is capped at 1:30, as ordered by ESMA. As fro spreads, the company has chosen not to inform its clients on them, which is not the best of things to do in or opinion. In fact, the leverage values is also no included; we wrote it by default because we are all to aware of the current ESMA leverage decree. Furthermore, the only way we could get a hold of a list of the trading assets was through the legal documents, and even there the information is limited. What we learned ins that users can trade with futures, call options, bonds, ETFs, put options, and an undisclosed amount of CFDs.
Be aware that there is a clone website of this broker that goes by the following domain: https://itistockbrokers.com
ITI CAPITAL LOGIN
The company has integrated the famous MT4 as its trading terminal. Even though we were unable to get handy with it, due to the broken registration page, we are firm believers that ITI Capital comes with it, seeing that this is an FCA regulated broker.
The MT4 is the most popular and most effective trading terminal out there. It has a plethora of handy features of which multiple time frames, pending order types, over 500 customizable trading indications, trades in centralised markets, and Expert Advisors are only the surface. The more you use it the more proficient you will become at it, and the more your trade game will improve.
Please be aware that there are commissions applied to your trading, that are too much to include in the review. We urge readers to check the Rate Card legal document found in the footer of both Institutional Clients and Private Clients subsections of the site.
ITI CAPITAL MINIMUM DEPOSIT
The Deposit section on the website reveals that deposits can be made only via bank transfers. However, the legal docs claim that deposits can also be achieved by credit or debit cards.
There is no indication on a minimum deposit amount.
An account can be opened in one of three base currencies: EUR, GBP, and USD. Usually, brokers have a minimum cap of $250 where deposits are concerned.
There are no fees on deposits issued by ITI Capital. However, banks are known to retain some sort of commission.
ITI CAPITAL WITHDRAWAL TIME AND FEES
The FCA guarantees that all withdrawals are processed as safely and securely as possible.
The only way to withdraw is via bank.
GBP withdrawals are charged a £10 commission. EUR withdrawals are taxed with €35, and USD withdrawals are feed by $40. Credit/debit card withdrawals are free of charge.
International wire transfers may take up to 5 days, while local ones may take up to 3 days.
There is no indication on a minimum withdrawal amount.
ITI Capital has chosen a very secretive approach to its delivery, and as such is very frustrating. It reveals most of its elements to registered users, which is the biggest issue we encountered wince the sign up page for us was completely broken. If you are not signed in, you will not get a lot of important details and this is something that we consider to be a minus. Aside from that, ITI Capital is s olid broker that we recommend all the way!