Mar 04, 2023 (Vehement Media via COMTEX) — Mahe, Seychelles — International Trading Brachium( ITB ) known as ITBFX in the forex market is a strong pick if you’re looking for an excellent and broad selection of educational resources and the industry standard of no commissions for stock and ETF trades. Those elements pair well with the broker’s advanced trading platform, ITB offers standard trading options (stocks, bonds, mutual funds, ETFs and options). ITB skimps when it comes to no-transaction-fee mutual funds with many fewer than key rivals, perhaps not a deal breaker but annoying anyway.
If the broadest selection of commission-free mutual funds is important to you and you don’t want to sacrifice other features, check out various accounts.
Pros: Where ITBFX stands out
ITB also does a fine job providing educational materials to investors, with courses and articles explaining forex terminology and financial markets. If learning and education are important to you, check out ITB Academy.
Available account types
If the account type exists, there’s a good chance that ITB offers it, and that’s not always the case for online brokers. Of course, ITB offers individual and IB accounts.
MT5 trading platform
ITB enters the fray with its powerful trading platform MT5, offering many of the features that active traders have come to expect from a platform. On MT5, you can set trade alerts, create watch lists and monitor your portfolio in real time. And the MT5 trade interface is much simpler and easier to use than the broker’s basic trade platform, which can be awkward and even confusing.
With MT5, you’ll be able to chart dozens of different technical analysis studies, and its interactive charting tools use streaming data to populate the visualizations. The fully customizable dashboard allows you to drag and drop your way to the layout that syncs best with your trading style.
ITB is a great choice here, because of the responsiveness. You’ll have access to customer support on the phone 24 hours a day throughout the week. You’ll also be able to contact support via the broker’s in-house messaging program once you’re a client.
Cons: Where ITBFX could improve
Having Exclusive Platform
Both beginners and experienced traders seeking out a solid forex broker would be wise to investigate the trading experience, the breadth and depth of product offerings (currencies, contract for differences (CFDs), indexes, commodities, spread betting, cryptocurrencies, etc.), fees (including spreads and commissions), trading platform(s) (web-based, downloadable software, mobile, charting, and third-party platforms), customer support, trading education and research, and trustworthiness.
ITB allows you to reinvest your dividends into fractional shares of stock, letting you roll that full payout into more equity. That’s a small perk, but it’s a nice one. So it’s too bad that the broker doesn’t also do the same with stock purchases, allowing you to invest a set dollar amount into whatever stock you want.
ITB Broker or ITB is best for
- Customer support