iToroStocks: detailed review

Regulation and security

iToroStocks is not regulated by any authorities. As stated on the FCA website, the broker is operating in the UK without license. The absence of regulation in financial markets, particularly in stock trading platforms, can lead to several significant risks:

1. Market Manipulation: Without regulation, there’s a higher risk of market manipulation, such as pump-and-dump schemes, where the price of a stock is artificially inflated only to be sold off for profit, leaving other investors with significant losses.
2. Lack of Investor Protection: Regulations often include measures to protect investors, such as ensuring transparency and fairness in trading. Without these, investors might be exposed to unfair practices, scams, or a lack of recourse if something goes wrong.
3. Increased Risk of Fraud: A lack of regulation can make it easier for fraudulent schemes to operate within the market. This could include fake trading platforms, misrepresentation of securities, or other fraudulent activities that could harm investors.
4. Unfair Trading Practices: Regulation helps ensure that all market participants operate on a level playing field. Without it, there could be insider trading, front-running, or other unfair practices that disadvantage the average investor.
5. Systemic Risk: In the broader financial system, the absence of regulation can lead to systemic risks, where the failure of one institution or market segment could lead to widespread financial instability.v

Trading instruments

iToroStocks offers a wide range of trading instruments including forex, stocks, indices, metals, energies, and cryptocurrencies. This diverse selection allows traders to diversify their investment portfolios and use different strategies to achieve their financial goals. Access to a variety of markets makes iToroStocks attractive to traders of varying interests and experience levels.

Account types and fees

iToroStocks provides several account types to suit the needs of different traders. Main account types include Standard, Pro and VIP. These accounts vary in minimum deposits, spreads and other trading conditions. Minimum deposits are high, which is a huge disadvantage. The broker’s commission structure is transparent, making it easy for traders to understand their costs. However, spreads and commissions may be higher compared to some competitors, which should be taken into account when choosing a broker.

Silver

Minimum deposit: 10.000 EUR

Leverage: 1:20

Commission: 3,5%

Gold

Minimum deposit: 25.000 EUR

Leverage: 1:50

Commission: 3%

Platinum

Minimum deposit: 100.000 EUR

Leverage: 1:100

Commission: 2,5%

Diamond

Minimum deposit: 250.000 EUR

Leverage: 1:150

Commission: 2%

VIP

Minimum deposit: 500.000 EUR

Leverage: 1:200

Commission: 1,5%

Platforms

iToroStocks offers access to several trading platforms, including its own platform and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The iToroStocks platform is intuitive and easy to use, offering a wide range of market analysis and trading tools. MT4 and MT5 provide traders with advanced trading analysis and automation capabilities. Mobile versions of the platforms provide convenient access to trading on the go.

Education

iToroStocks actively develops educational resources, offering clients a wide range of materials, including articles, video tutorials and webinars. These resources help traders improve their skills and knowledge, which is especially important for new traders. Regular updates and analytical market reviews help traders stay up to date with the latest events and trends in the financial markets.

Advantages and Disadvantages

Pros:

• Wide range of trading instruments
• Transparent fee structure and different account types
• Access to multiple trading platforms
• Extensive educational resources for traders of various levels

Cons:

• Minimum deposits are much higher than other brokers require
• Absence of regulation
• Spreads and commissions may be higher compared to competitors
• Not always transparent information about specific regulators
• The iToroStocks platform can be difficult for newbies to learn

Summary

iToroStocks offers a wide range of services and trading opportunities for traders of different levels. Its transparent fee structure, variety of account types and access to popular trading platforms make iToroStocks an attractive choice for many traders. Spreads and commissions may be a drawback for some users, but the extensive educational resources and wide range of trading tools make up for these shortcomings. Last but not least, the broker is not regulated by any authority and operates in the UK without license. Interact with iToroStocks at your own risk.