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The WikiFX Score of this broker is reduced because of too many complaints!

ITE GLOBAL

United States|2-5 years|
Suspicious Scope of Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.iteg.cc/#/index

Website

Rating Index

Contact

services@iteg.cc
https://www.iteg.cc/#/index
Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ITE GLOBAL LIMITED

Company Abbreviation

ITE GLOBAL

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-06-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 21 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United StatesNFA (license number: 0540820) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0540820)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

ITE GLOBAL · WikiFX Survey

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    ITE GLOBAL · Company Summary

    Aspect Information
    Company Name ITE Global
    Registered Country/Area Miami, Florida, United States
    Founded Year March 2022
    Regulation NFA (unauthorized)
    Minimum Deposit $100
    Maximum Leverage Up to 1:500
    Spreads Variable, starting from 0.1 pips
    Trading Platforms Proprietary trading platform
    Tradable Assets Forex currency pairs, commodities, indices, and more
    Account Types Standard and ECN
    Customer Support 24/5 via phone, email, and live chat
    Deposit & Withdrawal Various methods including MasterCard, Visa, Skrill, Neteller, Perfect Money, CASHU, MOPESA, and Bank Wire
    Educational Resources Articles, videos, webinars, market analysis, economic calendar, and more

    Overview of ITE Global

    ITE Global is a financial technology company headquartered in Miami, Florida, United States. Founded in March 2022, this relatively new player in the online trading industry has quickly gained recognition for its services in the world of online financial transactions. The company is known for providing diversified online financial transaction services to both retail and institutional customers.

    The platform offers a wide range of trading products, including forex currency pairs, commodities such as gold and silver, various indices, and more. Traders can access these assets through two distinct account types: Standard and ECN (Electronic Communication Network).

    Overview of ITE Global

    Is ITE GLOBAL legit or a scam?

    ITE GLOBAL LIMITED, with a focus on its National Futures Association (NFA) license. However, the current status is unauthorized. There are no certified documents available for the licensed institution, suggesting a lack of regulatory oversight and transparency in ITE GLOBAL's operations.

    Is ITE GLOBAL legit or a scam?

    Pros and Cons

    Pros Cons
    Wide range of cryptocurrencies available: unauthorized regulation status
    Supports a variety of payment methods Not available in some countries or regions
    Easy to use: Limited market analysis and insights
    Wide range of educational Resources: Customer support

    Pros:

    • Wide range of cryptocurrencies available:

      • This platform offers a diverse selection of cryptocurrencies for trading, which can be beneficial for investors looking to diversify their portfolios or explore various digital assets.

    • Supports a variety of payment methods:

      • The platform supports multiple payment methods, making it convenient for users to deposit and withdraw funds according to their preferences. This flexibility can enhance the overall user experience.

    • Easy to use:

      • The platform is designed with user-friendliness in mind, which can be especially advantageous for beginners or those who prefer a straightforward and intuitive interface.

    • Wide range of educational resources:

      • The availability of a comprehensive set of educational resources can empower traders to enhance their knowledge and skills. These resources may include articles, videos, webinars, and more.

    Cons:

    • Unauthorized regulation status:

      • The platform's lack of proper regulation raises concerns about the security and oversight of the trading environment. Traders should exercise caution and conduct due diligence when considering unregulated platforms.

    • Not available in some countries or regions:

      • Geographic limitations can restrict access to the platform for potential users in certain countries or regions. This limitation can be frustrating for those who are unable to trade due to regional restrictions.

    • Limited market analysis and insights:

      • The platform's deficiency in providing robust market analysis and insights may hinder traders who rely on such information for making informed trading decisions. Lack of comprehensive data and research tools can be a drawback.

    • Customer support:

      • While customer support is listed as a pro, it is included as a con due to potential variability in its quality. The effectiveness and responsiveness of customer support may vary, which could impact the overall user experience. It is advisable to assess the platform's customer support capabilities before relying on it extensively.

    Market Instruments

    ITE Global offers a variety of trading products, including:

    • Forex: ITE Global offers an extensive selection of forex currency pairs, encompassing major, minor, and exotic pairs, providing traders with ample opportunities in the foreign exchange market.

    • Commodities: Dive into the world of commodities with ITE Global LLC, which offers trading options for precious metals like gold and silver, as well as energy resources such as oil and grains.

    • Indices: Trade major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq 100, gaining exposure to the performance of leading stock markets.

    Market Instruments

    Account Types

    ITE Global offers two distinct account types, each tailored to meet the diverse needs and preferences of traders.

    Standard Account:The Standard account type is designed for traders seeking a straightforward trading experience. With a minimum deposit requirement of $100, it provides accessibility to a wide range of financial instruments. This account offers leverage of up to 1:500, allowing traders to amplify their trading positions. The spreads are variable, starting from a competitive 0.1 pips, enabling traders to benefit from tight pricing. One notable feature of the Standard account is that it doesn't incur any commissions per lot traded, making it a cost-effective choice for those who prefer fee-free trading. This account type is suitable for traders looking for simplicity and competitive spreads without commission charges.

    ECN Account:For traders who require more advanced features and are comfortable with a commission-based structure, ITE Global offers the ECN (Electronic Communication Network) account. It also requires a minimum deposit of $100 and provides leverage of up to 1:500. The key distinction with the ECN account lies in its pricing model. While the spreads remain competitive and variable, starting from 0.1 pips, traders using the ECN account are subject to a commission fee of $7 per lot traded. This fee structure is often preferred by traders who value transparency and are willing to pay a commission in exchange for access to a deeper liquidity pool and potentially faster execution speeds. The ECN account is suitable for experienced traders who prioritize order execution and market depth.

    How to Open an Account?

    Here are the concrete steps to open an account with ITE Global LLC, broken down into six distinct points:

    Step 1: Visit the ITE Global Website

    Navigate to the official ITE Global website using your web browser.

    Step 2: Choose Your Account Type

    Select the type of trading account that suits your needs – either the Standard Account or the ECN Account. Consider factors like your trading experience and preference for fee structures.

    Step 3: Click on “Open Account”

    Once you've decided on the account type, locate the “Open Account” or similar button on the website, and click on it to initiate the account opening process.

    Step 4: Fill Out the Registration Form

    You will be directed to a registration form. Provide accurate personal information, including your full name, email address, contact number, and residential address. Ensure that all details are entered correctly, as they will be used for verification purposes.

    Step 5: Submit Required Documents

    ITE Global may require you to submit verification documents, such as a copy of your ID or passport and proof of residence (e.g., utility bill or bank statement). Scan or photograph these documents and upload them through the platform as per the provided instructions.

    Step 6: Fund Your Account

    After your information is verified, you can proceed to fund your trading account. ITE Global typically has a minimum deposit requirement of $100. Choose your preferred deposit method (e.g., credit card, bank wire transfer) and follow the steps to fund your account.

    Once your account is funded, you'll be ready to start trading with ITE Global LLC. Make sure to familiarize yourself with the trading platform, available tools, and resources to make the most of your trading experience.

    Leverage

    The maximum leverage offered by ITE Global is up to 1:500. This means that for every $1 of your own capital (margin) deposited in your trading account, you can control a trading position with a nominal value of up to $500.

    It's important to note that while high leverage can amplify potential profits, it also significantly increases the risk of substantial losses. Traders using high leverage should exercise caution, have a well-thought-out risk management strategy in place, and be aware of the potential risks involved in leveraged trading.

    Spreads & Commissions

    ITE Global offers variable spreads and commissions, which means that the cost of trading can vary depending on the market conditions. However, ITE Global LLC's spreads and commissions are generally competitive with other online brokers.

    ITE Global offers two types of accounts: Standard and ECN.

    • Standard accounts: Standard accounts have no commission, but the spreads are slightly wider.

    • ECN accounts: ECN accounts have lower spreads, but there is a commission of $7 per lot.

    The following table shows the typical spreads and commissions for ITE Global LLC's Standard and ECN accounts:

    Account type Spread Commission
    Standard Starting from 0.1 pips $0
    ECN Starting from 0.0 pips $7 per lot

    Trading Platform

    The ITE Global offers MT5 trading platform. The trading platform is a comprehensive and versatile solution designed to cater to the diverse needs of traders, whether they are beginners or seasoned professionals. Here's a more detailed overview of its key features:

    1. Real-time Charts:

    • The platform provides real-time charts for all available trading products. This feature allows traders to monitor price movements and market trends in real time, helping them identify potential trading opportunities.

    1. Technical Analysis Tools:

    • ITE Global offers a range of technical analysis tools, including various indicators, oscillators, and drawing tools. These tools enable traders to conduct in-depth technical analysis, identify patterns, and make informed trading decisions based on technical factors.

    1. Order Management Tools:

    • Traders can effectively manage their positions with a variety of order management tools. This includes stop-loss orders, take-profit orders, and trailing stop orders. These tools assist in risk management and ensure that traders can protect their profits and limit potential losses.

    1. News and Analysis:

    • Staying informed about market events and developments is crucial for successful trading. The platform provides access to news headlines, economic calendars, and market analysis, empowering traders with up-to-date information to make informed trading choices.

    1. Economic Calendar:

    • The economic calendar is an essential tool for traders, as it highlights significant economic events and their potential impact on the financial markets. ITE Global LLC's platform includes an economic calendar to help traders plan their trading activities around key events.

    1. Risk Management Tools:

    • Risk management is a fundamental aspect of trading, and the platform offers tools to help traders assess and manage risk effectively. This includes setting stop-loss and take-profit levels to control potential losses and secure profits.

    Trading Platform

    Deposit & Withdrawal

    ITE Global offers a variety of deposit and withdrawal methods, including:

    • Bank transfer: Bank transfers are free to deposit and withdraw. However, it is important to note that bank transfers can take several days to process.

    • Credit/debit card: Credit/debit card deposits are processed instantly. However, there is a 3% fee for credit/debit card deposits.

    • E-wallets: ITE Global accepts a variety of e-wallets, including Skrill, Neteller, and WebMoney. E-wallet deposits are processed instantly and there is no fee.

    ITE Trading Platform Deposit and Withdrawal Fees

    ITE Global does not charge any fees for deposits or withdrawals. However, your bank or e-wallet provider may charge fees for their services.

    ITE Trading Platform Minimum Deposit and Withdrawal Amount

    The minimum deposit amount for ITE Global is $100. The minimum withdrawal amount is $50.

    Customer Support

    ITE GLOBAL offers customer support to assist its clients during specific hours. You can reach the ITE GLOBAL customer support team through email at services@iteg.cc. The service is available from Monday to Friday, with operating hours from 08:00 AM to 10:00 PM. During these hours, clients can send inquiries, seek assistance, or address any concerns they may have via email. The provided email address serves as a direct channel for communication with ITE GLOBAL's support team, allowing clients to receive responses and support within the specified service hours. This email-based support system offers a convenient means for clients to get the help they need during their trading journey with ITE GLOBAL.

    Educational Resources

    ITE Global recognizes the importance of educating its traders to help them make informed decisions in the financial markets. As a result, the company offers a range of educational resources to support traders in their journey. Here's an overview of the educational resources typically provided by ITE Global LLC:

    1. Videos: ITE Global may provide video tutorials and educational content. These videos can offer visual explanations of trading concepts, technical analysis techniques, and platform tutorials. They are particularly helpful for traders who prefer a more interactive learning experience.

    2. Webinars: Webinars are live or recorded online seminars that cover specific trading topics in-depth. They often feature expert traders or market analysts who share insights, strategies, and market outlooks. Traders can participate in live webinars or access recorded sessions at their convenience.

    3. Trading Guides: Comprehensive trading guides may be available, offering step-by-step instructions on various aspects of trading. These guides can cover topics such as risk management, technical analysis, and fundamental analysis.

    Conclusion

    In conclusion, TE Global LLCoffers several advantages, including a diverse range of cryptocurrencies for trading, support for multiple payment methods, user-friendly interface, and a wealth of educational resources to enhance traders' knowledge.

    However, it also presents notable disadvantages, such as its unauthorized regulation status, potential geographic restrictions, limited market analysis and insights, and the variable quality of customer support. While the platform offers valuable features, potential users should weigh these advantages against the disadvantages and exercise caution, especially when dealing with unregulated aspects of the service.

    FAQs

    Q: What is the minimum deposit required to open an account with ITE Global LLC?

    A: The minimum deposit to open an account with ITE Global is $100.

    Q: Can I access ITE Global LLC's trading platform on my mobile device?

    A: Yes, ITE Global LLC's proprietary trading platform is available on desktop, mobile, and web devices for your convenience.

    Q: Does ITE Global offer a demo account for practice trading?

    A: Yes, ITE Global typically provides a demo account, allowing traders to practice their strategies without risking real capital.

    Q: How can I contact ITE Global LLC's customer support?

    A: You can reach ITE Global LLC's customer support via phone, email, or live chat. Support is available 24 hours a day, five days a week.

    Q: What is the maximum leverage offered by ITE Global LLC?

    A: ITE Global offers a maximum leverage of up to 1:500, but it's essential to trade with caution and consider your risk tolerance.

    Q: Does ITE Global provide educational resources for traders?

    A: Yes, ITE Global offers a range of educational resources, including articles, videos, webinars, and market analysis to help traders enhance their skills and knowledge.

    News

    WikiFX Review: Is it OK to invest in ITE GLOBAL?

    NewsWikiFX Review: Is it OK to invest in ITE GLOBAL?

    2022-10-21 17:04

    ITE GLOBAL is an online forex broker registered in the United States. Recently the amount of complaints against reached 21 within 3 months. We wonder if this broker is reliable. WikiFX made a comprehensive review on this broker so that you can make a wise decision based on what you read now.

    WikiFX
    2022-10-21 17:04
    News
    WikiFX Review: Is it OK to invest in ITE GLOBAL?

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    FX1172554136
    more than one year
    Do not invest in this Company! You will lose your money. They are scammers. I lost 10,000 USD!!! Don’t sign with them anything. Don’t invest with !!!! ITE GLOBAL!!!!!
    2022-12-14 12:09
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    零度男人
    more than one year
    They promised me that I can gain large profits, but they cancelled my profits without giving me a reason. A Big Liar! I wish you could go to hell!!!
    2022-12-09 18:14
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