Review Is iTaurux A Legit Forex Broker

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders! Review

5 minutes read / Updated: 30 March 2020

Established in 2001, as an online CFD and forex brokerage with an active presence in over 183 countries across the world. is the brand name of the New York Stock Exchange-listed company Gain Capital. The broker is headquartered in Bedminster, New Jersey and regulated by top tier financial regulatory agencies across the world including CFTC in the U.S, FCA in the United Kingdom, and Australia’s ASIC.

Its a market that supports the trade of 84 currency pairs, 8 cryptocurrencies, and 17 indices, as well as 26 and 270+ commodity and stocks CFDs respectively. It supports margin trading with a maximum leverage of 20:1 for stocks and 50:1 for all other financial instruments.

In this review, we dig deeper into the broker’s operations. Informed by its past and present client reviews, we detail and rate each of the financial assets tradable here as well as the nature of their services like customer support, trading fees, trading platforms, and account types.

This review should help answer all your legitimacy and safety queries about the broker and decide whether to open an account with them or not.


  • Provides traders with an expansive range of tradable instruments
  • Features a huge selection of education and research materials
  • Supports multiple trading platforms including MetaTrader and WebTrader
  • Makes it possible for traders to choose between standard and commission accounts
  • Boasts of relatively trading fees compared to most other U.S based brokers


  • The maximum leverage isn’t available to all the trading instruments
  • Its WebTrader platform if fairly rigid and not easily customizable
  • trading platform feature limited fundamental analysis tools
  • Doesn’t support spread betting and binary options for futures traders

What can you trade? Forex review

With regards to forex trading, gives you access to 84 currency pairs – more than most other leading forex brokers. You get to trade all the majors, all major pairs, more minor pairs, and a tad more exotic pairs than you would with most other brokers.

When it comes to forex trading fees, broker maintains relatively expensive spreads. The EUR/USD pair, for instance, has an average spread of 1.3 on the standard account that is dependent on such factors as market volatility and liquidity. The broker also features the commission trader accounts where spreads start from as low as 0.2 but attract a $5 commission for every $100k traded.

Brand also provides margin-based forex exchange trading for currencies. The rates are however dependent on your geographical location and local regulations. The U.S and international clients, for instance, have access to the entire 50:1 leverage. UK traders, on the other hand, can only use 30:1 leverage as directed by the FCA.

You can start trading with as little as $50 where the minimum trading lot is currently set at 1,000. CFD reviews

Due to regulatory restrictions, doesn’t offer CFD trading to its U.S clients. Canada, U.K, and international clients can, however, access the 4500+ CFDs availed by the broker. These are primarily drawn from the global indices, shares and stocks, as well as commodities and crypto CFDs.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders! has made most of these CFDs available to the international markets on both the MetaTrader and WebTrader platforms. On the market analysis section of their website, the broker features a fairly extensive economic calendar. You will also access the latest research and pivot points as well as popular topics and thought leaders’ views.

CFD traders on the platform can also choose to design individual automated CFD trading algorithms on the platform or integrate third-party automated tools. commodities review also exposes its clients to the commodities markets. On their platform, traders can only engage in the trade of unleveraged spot metals like gold and silver. These are, however, only available on the WebTrader and not on the MetaTrader platform.

With regards to trading these commodities, you can speculate on their price appreciation or depreciation. These precious metal traders on also gain insights from the broker’s market analysis page.

Trading fees: Variable

Trader support: Mediocre futures and futures options review

When it comes to Futures and futures options, makes it possible for its clients to trade futures and futures contracts. The broker provides a platform through which they can invest in such products as commodities and indices. These are nonetheless only available to the U.S clients who get to trade them through Futures Online – an introducing broker for GAIN Capital.

In helping most of their clients get started with futures and futures contracts investments, gives access to a 14-day demo trading account. The simulated trading account is loaded with $50,000 virtual cash and contains all the key trading features like ultra-fast execution speeds and live market data.

What did our traders think after reviewing the key criteria? maintains three primary types of trading fees – all of which are volume-based and tied to different types of accounts. These include pure spreads, spread plus fixed commission, and spread plus variable commission. The spreads, though competitive, are variable and are highly dependent on liquidity and the prevailing market conditions. as broker doesn’t impose deposit or withdrawal charges.

The pure spread account is popular with retail traders and spreads for the major currencies start from 1.0 and average at 1.3 pips. The spread and fixed-rate commission has lower spreads that start from 0.2 pips in addition to the $5 fixed commission for every $100k traded. The direct market access trader fees start from 0.1 pips plus a variable commission that averages $60 for every $1 million traded.

With regards to discounts on fees, broker runs a cash rebate program that is pegged on the volume of trades. Brand offers cash rebates of up to $9 for every million traded on the retail standards account, $9 for every million traded on the commission accounts and $20 per million traded on high volume and direct market access account.

Non-trading fees include the rollover fees charged on trades that remain open at the end of the day trading session – 5 pm ET. Traders on the platform get to earn or pay these rollover rates based on whether they are going long or short of a trade.

Account Types

There are three primary account types availed by

The broker also hosts free demo accounts for both forex and futures contracts. These come stocked with $50,000 in virtual trading capital and are valid for 14 days.

The live trading accounts include:

Standard account:

The standard account is accessible on both webtrader and the MetaTrader trading platforms. It calls for a $50 minimum deposit and attracts wholly variable trading fees where the spreads average 1.0 pips for the popular EUR/USD pair. Standard account holders subscribed to the broker’s Active Trader Program also get to earn up to 18% cash rebates.

Commission Account:

Commission stands out because it employs both variable spreads and fixed commissions in the determination of trading fees. Spreads on the commission account start from 0.2 pips with the fixed commission set at $5 for every $100k traded. The minimum deposit amount is $50 and the account is only available on the broker’s Webtrader and mobile apps and not on the MetaTrader.

Direct market access account:

The Direct Market Access is according to broker specially designed for high volume and frequent traders. Trading fees are a mix of variable spreads that start from 0.1 pips for major pairs and a variable commission starting from $60 for every million traded. The minimum account operating balance is set at $100K but traders are advised to maintain not less than $250K in their accounts. The DMA account is also not available on the MetaTrader platform.

The broker doesn’t maintain the Sharia-compliant trader accounts that are synonymous with the absence of overnight/rollover fees. trading platforms

The broker supports several major trading platforms. These include the MetaTrader (MT4), in-house trading platforms, Ninja trader, and API connections.

You, however, can only access the brand standard forex trading account on the MT4 and Ninjatrader platforms. The two other accounts hosted by the broker will only be accessible via the broker’s in-house trading platform that’s available as a web trader, desktop app, and mobile app.


Most of the reviewers found the website aptly organized and easy to use. The home page of the broker website features all the important tabs needed for fast and easy navigation. These include the signup and login features for new and existing clients as well as the markets, services, about us, platforms, market analysis, education and support tabs for everyone else looking for more insights about the broker. There also is a search tab where you can key in direct queries for even faster navigation.

Customer support provides 24/5 customer support but doesn’t offer live chat service on its website. Its clients can, however, access the broker’s support team on telephone and text message, through the different social media pages, and email. The broker website also features a detailed FAQ section.

Payment Methods

Supports four key payment methods. These include:

Debit card payments: does not support credit card payments but processes debit card transactions for both Visa and MasterCard. The minimum deposit for debit cards is set at $50 and the maximum at $10,000. The broker supports USD, EUR, and GBP currencies but all these are automatically converted to USD. Deposit processing is near-instant and free.

Debit card withdrawals have an estimated wait time of 24 hours. They do not attract processing fee but have a per transaction limit of $50,000.

Bank wire transfers: processes up to seven different currencies when it comes to bank wire deposits that must then be converted to USD. There is no minimum or maximum deposit limits for bank transfers. It may take up to two business days for the transfer to reflect in your trader account and the broker does not impose processing fees in addition to those charged by your bank.

Bank Wire withdrawals have an estimated wait time of 48 hours. There is no withdrawal limit but attract a $25 fee per transaction for amounts above $10,000.

eCheck: processes eCheck payments. The minimum deposit is $50 with the maximum set at $10,000. Transaction processing is immediate and free.

eCheck withdrawals have an estimated wait time of 24 hours, don’t attract processing fees and have a withdrawal limit of $25K per transaction.

Personal or business check: The broker will also process both personal and business checks. There are no minimum or maximum deposits and transaction processing is free. Traders might, however, wait for up to 10 business days after the day of receiving the check for the cash to reflect in their accounts.

The broker also allows for personal or business check withdrawals with a wait time of 48 hours. These are free and there are no maximum withdrawal limits.

Best Offers isn’t running any promotions or bonus offers currently, safe for the cash rebate program available to its Active Trader Program subscribers.

Regulation and deposit protection is the brand name of GAIN Capital Group LLC that’s headquartered in Bedminster, NJ. The broker is registered with and regulated by such financial regulatory agencies as Futures Market commission (FMC), the National Futures Association (NFA), the Retail Foreign Exchange Dealer (RFED), and the Commodities Futures Trading Commission (CFTC).

When it comes to deposit protection, there is no evidence of brand insuring customer deposits with the FDIC. GAIN Capital, however, claims that it maintains a separate account for their customer funds. The broker adds that these funds are then “distributed across a global network of custodian banks and brokers.”


Broker was established in 2001 and has over the years won several awards and global recognition. In Feb 2001, for instance, was named the Forbes “Best of the Web” by before being named the “Best Online FX Trading Platform” for the year 2001 by Global Finance later that year. Others include being voted the Best Forex Broker in the USA for 2020 as well as the Best Forex Brokers by FT and Investors Chronicle magazine readers the same year.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Review Visit site

HotForex’s representative requests that anyone having issues please include the account number in the review. This should result in many issues being addressed more quickly.


HotForex is a forex broker. Hot Forex offers the MT4 and MT5 trading currency platforms. offers over 45 currency pairs, cryptocurrencies including bitcoin, indices, shares, bonds, gold, silver, energies, commodities and cfds for your personal investment and trading options.

  • Information
  • Live Discussion
  • Video
  • 13 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $5
Established: 2020
Address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, Saint Vincent And Grenadines
Contact: [email protected], +44-2033185978
Regional offices:
Regulators: CySEC #183/12, FSC Mauritius #C110008214 , SVGFSA #22747 IBC 2020, FSA-S #SD015, FSCA #46632, DFSA # F004885
Prohibited countries:




Trading platforms: MT4, MT5
Web Trading:
Mobile Trading:
Currencies: (45+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (5+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities





News Spike Trading:
Deposit Methods: Bank Wire, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney
Withdrawal Methods: Bank Wire, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney

Live discussion

Join live discussion of on our forum


Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Consumer Reviews

Service use: Live

Length of use: over 1 Year

My issue has been resolved. I promise myself to come back and let the general public that hotforex are amazing, they have rectify the problem I was facing, I am very gladly to say that hotforex is the best broker in the universe. Their live support is very effective, fast withdrawal, and much concern for their clients. I advised everyone to join this broker, I promise you guys that hotforex will never let you down. I can reassure the general public that this broker is the best, I will forever be with them. Thank you hotforex you have my full support

Apr 3, 2020 – 5 Stars I wish to announce to the general public that my complaints regarding this broker is now being escalated to the relevant department and they’re looking into the matter. I had a phone call with one of the managers, he showed much concern and promised to resolve my problem with the best he can. I am amazed to speak to him. I thank hotforex in advance as I await their prompt action.
Yours ever
Abdullahi salisu.

Feb 29, 2020 – 1 Star My name is Abdullahi salisu. Hotforex has been my best broker over the years, in fact ive recommended it to more than five friends of mine, including family members. But here’s what happened just last two months or so; i came back from school and so i decided to make a deposit to hotforex since thats the only leisure time i have before i resumed school. i deposited and started trading as usual. One day i decided to remove my fund because i was traveling, but hotforex freezed my withdrawal, and when i contacted the account manager, she said i owed them 42,000 naira, that they mistakenly sent it to me to my wallet due to technical issues, i asked her when and she said it’s been like 4months and she sent me an email but i didn’t respond, in this case, she might be right because i haardly check my emails while in school, but sincerly speaking i have not withdrawn the money she is talking about neither had i traded with it. I called my account manager again so that she’ll clarify to me when i withdrew that money she’s talking about and she still insisted that she sent me an email, God knows i didn’t see that amount shes talking about. On that day i was highly dissapointed with this broker because i have even been reffering my close ones to trade with them, hence to specify this, i had been going to their office which is in Abuja-nigeria for lessons back in the days, of all the trust i had for them, they freezed my account when i was withdrawing but later on when i told them to clear the debt, they sent me my remaining balance. When i called one of my friends to tell him this, he told me that hotfx actually sent him an email telling him that some amounts have been credited to him due to technical issues, and he told me that it is true they sent him that money and he withdrew it instantly and used it and his account manager told him to refund the money. Now my question is what does this have to do with my own personal account? INFACT MY ACCOUNT AND MY FRIENDS ACCOUNT WASNT CONNECTED THEN WHY ME?? And my account manager was even shouting at me because i asked her this, its already passed anyway and i promise not to go back to this brokerege firm or recommend them to anyone ever again, like i said im truly saddened as an old customer of hotforex, however i still wish them the best

IG Markets Review


Based on June 2020 figures and on revenue (excluding Forex), IG Markets is the world’s premier CFD and spread betting broker. IG has operated out of the UK since its founding in 1974 and currently serves over 178,000 clients across the globe. It offers four trading platforms from which over 17,000 assets, across eleven categories are available for trade. This broker caters to retail traders, professional clients, and institutional firms. It also offers managed accounts. IG Markets, a component of the FTSE250 (which confirms its fiscal stability), is a signatory of the FX Global Code of Conduct and thus has established itself as a trustworthy brokerage. We were delighted to find during our IG Markets review that this respected broker is one of the only brokerages that can accept traders in the United States, and we were impressed to see that their offerings are highly competitive across the globe.


The UK Financial Conduct Authority (FCA) provides the regulatory framework for IG Markets LTD and IG Index. The Financial Services Compensation Scheme (FSCS) protects deposits up to a maximum of £85,000. As outlined in the Client Assets Sourcebook (CASS), client funds are fully segregated from corporate funds. IG Markets is fully compliant with its regulator and operates as a transparent, trustworthy brokerage.

IG Markets LTD is authorized and fully regulated by the FCA.

This broker derives the majority of its income from spreads and commissions on over 17,000 assets. The EUR/USD displays an average cost of 0.75 pips, pricing it in the middle of the market. Commissions for equity CFDs in the UK and the EU are 0.10% per side, with a £10/€10 minimum, while US charges are $0.02 per share but no less than $15. Trades settled over the phone bear a fee of at least £15/€25/$25.

Guaranteed stop premiums are charged an additional 0.30% fee for equity CFDs, and an additional 1.2 pips mark-up in the EUR/USD. While each asset comes packed with extra charges, to give credit where due, IG Markets is fully transparent about them. Overnight financing costs may be obtained directly from inside the trading platforms. Additional charges include a direct market access (DMA) fee for select assets, costs related to live price data feeds, ProRealTime Charts of £30 per month, an inactivity fee of £12 per month, a £50 account documentation fee (where applicable), and a 0.50% currency conversion fee.

IG Markets properly explains overnight swap charges with examples.

Guaranteed stop premiums carry comparatively excessive mark-ups.

Additional charges may apply, but this broker is transparent about all extra costs.

Per its website, IG Markets does not profit from client losses.

What Can I Trade

Asset selection at IG Markets is excellent, with over 17,000 assets across eleven categories. Pure Forex traders have access to over 80 currency pairs, and 27 commodities provide outstanding diversification opportunities. Eight cryptocurrency pairs and the Crypto 10 Index grant an entry-level introduction to this emerging sector. With over 12,000 equity CFDs and Index CFDs across 26 markets, traders have access to a wide range of trading opportunities. More markets like Bonds, Options, and ETFs complement the outstanding offerings.

The asset selection at IG Markets is outstanding.

Besides core markets, this broker offers a wide range of additional assets.

Account Types

Most traders will manage their portfolios from the CFD account type. UK-based clients have the option of a tax-free spread betting account. The minimum deposit for either account type is £250 or a currency equivalent. IG Markets additionally offers more traditional non-leveraged products like share dealing, IG Smart Portfolios, ISAs, and SIPPs. The availability of account types is dependent upon geographical location, and traders may request an upgrade to professional status. Leverage differs based on asset and account classification.

CFD accounts are the most widely utilized account type.

IG Markets also offers traditional products to its traders.

Trading Platforms

IG Markets focuses on its proprietary webtrader, which is also available as a mobile version. It is fully customizable, provides a very clean and informative deal ticket, and comes equipped with an extensive charting package. IG Live, this broker’s streaming market coverage, is available together with analytics, alerts, and signals. Over 86 million trades were executed in 2020 with an average speed of 0.014 seconds. ProRealTime fully integrates with the webtrader and enables professional traders to automate their trading strategies. It facilitates market analysis with over 100 indicators and presents additional custom indicators. IG Markets claims to be the only UK based broker to offer ProRealTime.

This broker also supports the retail favorite MT4 trading platform. It allows full automation of trading strategies, and IG Markets provides a range of add-ons which are generally required to unload the full functionality of this trading platform. Traders may take advantage of 18 unique indicators beside Autochartist. The L2 Dealer handles direct market access (DMA), but it may come at an additional cost for live price feeds. It features improved liquidity and pricing, professional order control, and enhanced trading technology. This broker has done an outstanding job of delivering three distinct trading portals.

The proprietary webtrader is where most traders will manage their portfolios.

The ProRealTime upgrade unlocks more advanced features.

An upgraded MT4 trading platform provides an excellent trading experience.

Traders may use the L2 Dealer for DMA trading.

Unique Features

Transforming the MT4 trading platform into a powerful trading platform is 18 add-ons that were developed by IG Markets. Without the add-ons, the MT4 would otherwise represent a sub-standard offering. Further supporting automated trading is the VPS service provided in partnership with Beeks. The monthly cost of £50 is excessive, however, placing it out of range for most retail traders. IG Markets does offer it at no charge if the trader’s account balance exceeds £5,000.

Adding more value to manual traders is Autochartist, which integrates with the MT4 trading platform. It is an automated chart recognition tool, scanning for trading opportunities, and sending alerts. It assists manual traders in the analytical process, providing them with a broader range of possibilities. IG Markets has gone above and beyond what most other brokers currently provide in order to ensure that its traders operate from a competitive trading environment.

APIs also support advanced trading solutions developed by institutional clients and FinTech companies to connect to IG Market. This broker heavily supports algorithmic trading across all platforms through various applications. Traders who prefer a more traditional approach can take advantage of IG Smart Portfolios, this broker’s managed portfolios.

Over 18 MT4 add-ons transform the trading platform from a sub-standard basic version to a powerful trading portal.

The VPS service provided in partnership with Beeks supports automated trading, but the £50 monthly fee is excessive.

Autochartist assists manual traders in their daily analytics.

IG Markets provides APIs to allow advanced third-party trading solutions to connect and operate in the IG infrastructure.

Algorithmic trading fulfills a critical role at IG Markets.

IG Smart Portfolios leads a range of traditional brokerage services provided.

Research and Education

One of the things that most impressed us during this IG Markets review is the company’s research and educational offerings. IG Markets provides research under its news and trade ideas section. Several articles are published during each trading day, covering relevant topics and offering trade ideas to manual traders. This broker also provides IG trading signals directly from inside the trading platforms, divided into technical and fundamental categories. Trading alerts may also be created and sent via e-mail, SMS, or push notification. Traders can also sign-up for specific subscriptions or download reports. While algorithmic trading and automated solutions are the preferred approaches, IG Markets renders an excellent service to manual traders.

News and trade ideas feature several daily articles relevant to the trading day.

IG trading signals are available directly inside the webtrader.

Trading alerts are distributed via e-mail, SMS, or push notification.

Traders may additionally sign-up for subscriptions or download special reports.

The IG Academy is the primary portal where this broker focuses on education. It features ten courses and live webinars of between 30 minutes and 60 minutes in length. The quality and attention to detail by IG Markets in its educational section is evident. Coverage of financial events and trading podcasts are equally available, giving new traders more working examples of how financial markets function. A multitude of articles discussing the most critical aspects of trading complements the IG Academy and its outstanding educational service, allowing new traders to enhance their knowledge base before managing their own portfolios in live markets.

New traders have access to a great approach to education at the IG Academy.

Podcasts further enhance the quality of auxiliary trading services provided.

Customer Support

Clients have access to customer support 24/5 and may either call directly, send an e-mail, or use the webform. An extensive FAQ section answers the most basic questions, while an online forum is equally available. IG Markets is a well-managed brokerage where customer support is unlikely to be required but is easily accessible if an unexpected situation arises.

Bonuses and Promotions

IG Markets does not provide bonuses or offer special promotions.

Opening an Account

An online application handles new account openings swiftly. New accounts require verification per regulatory requirements. A copy of the trader’s ID, together with a proof of residency document, will satisfy AML/KYC requirements. The online form needs only a few minutes to complete and represents the standard operating procedure.

Deposits and Withdrawals

Deposit and withdrawal options at IG Markets are limited to bank wires, credit/debit cards, and PayPal. The minimum deposit is £250 or a currency equivalent. While this broker does not levy charges for deposits and withdrawals, third-party fees are generally applicable. A limit of £20,000 every 24 hours is in place for card transactions. For security purposes, IG Markets may ask clients to verify their accounts and source of income. The name on the trading account must match that of the payment processor. This area, with only limited alternatives to funding, represents one of only a few weaknesses at IG Markets.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading, Strategies and Robots
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: