Comprehensive Overview of isRate Brokerage
isRate is a reputable CFD broker that has been a prominent player in the financial market for the past six years. The platform consistently handles over seven million transactions daily, prioritizing both transaction speed and security. The company takes pride in its six international awards for service excellence and active participation in prestigious international exhibitions.
Registration Details and Contact Information for isRate
The company is officially registered in the offshore zone of the Marshall Islands under registration number MN96960. While the website may lack specific documents verifying its registration, licenses, and regulatory information, clients can easily reach out to the broker via the international phone number +65(31)38 40 01 or the provided email address. Additionally, a convenient callback option is available for clients. The contact details for isRate’s office in Singapore are readily accessible on the website.
Trading Account Options Offered by isRate
isRate’s website presents an array of four distinct account types tailored for registered traders:
- Basic Account: Requires a minimum deposit starting from $5,000, leverage of 1:40, trade execution speed of 1.1 seconds, floating spread, margin call level at -10%, and personalized managerial assistance.
- Premium Account: Minimum deposit of $20,000, leverage set at 1:100, trade execution speed of 0.9 seconds, margin call at 20%, and the opportunity to engage in cryptocurrency trading.
- Elite Account: Advanced version of the Premium account with a starting deposit of $50,000, leverage set at 1:100, access to an Islamic account, account insurance, round-the-clock manager support, and a margin call set at 40%.
- VIP Account: Tailored for clients depositing over $100,000, maximum margin call at 50%, features include deposit protection and specialized technical indicators.
Client Feedback for isRate
Online reviews regarding the company paint a mixed picture, with predominantly negative sentiments. In various rankings, the broker often finds itself on blacklists, with ratings in negative reviews ranging between 1.5 and 2 out of 5 points. Clients commonly express dissatisfaction with the lack of attention from managers and inconsistencies in fund withdrawals.
Final Thoughts
isRate faces challenges in its reputation within the online community and possesses notable shortcomings that might impact client trust. The absence of documented registration in conjunction with an offshore registration zone raises concerns. Prospective clients must consider the substantial $5,000 deposit requirement when evaluating isRate for trading purposes. It is advisable to seek guidance from a legal professional, financial expert, or independent consultant before engaging with isRate for exchange transactions.
This review has been prepared by the specialists at ExpertsReview.
