Overall IW Bank can be described as a high risk broker and has an overall rating of 4 out of 10. IW Bank offers a minimum deposit amount of $1000/R16000 and is not regulated.
IWBank at a glance
| Broker's Name | IWBank |
| 📍 Headquartered | Italy |
| 📅 Year Founded | 1999 |
| ⚖️ Regulating Authorities | N/A |
| 🌐 Countries not accepted for trade | US |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | N/A |
| 💰 Minimum Deposit | $1000/R16000 |
| 💳 Deposit Options | Credit cards Debit cards PayPal Wire Transfer |
| 💳 Withdrawal Options | Credit cards Debit cards PayPal Wire Transfer |
| 💻 Platform Types | IW QuickTrade 4Trader + Sphera® Trading + app |
| 📱 OS Compatibility | Mac, Microsoft Windows, Mobile, Web, iPhone |
| 📈 Tradable assets offered | Forex, Commodities, Indices, Energy. |
| 👨💼 Languages supported on Website | Italian, English |
| 👥 Customer Support Languages | Italian, English |
| 📆 Customer Service Hours | Monday to Friday, active from 8.00 to 22.00 |
| 👉 Open account | 👉 Click Here |
Min Deposit
USD 1000
Regulators
Not Regulated
Trading Platform
IW QuickTrade, 4Trader +, Sphera, Trading + app
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
IWBank Review – 12 Key Point Quick Overview Revealed (2025):
IWBank Overview- IWBank Safety and Security
- IWBank Pro and cons
- IWBank Leverage
- IWBank Accounts
- IWBank Market instruments
- IWBank Fees
- IWBank Deposit and withdrawal
- IWBank Trading platforms
- Conclusion
- Disclaimer
- Frequently asked questions
IWBank Overview
According to research in South Africa, IWBank is an Italian award-winning online bank founded in Milan in 1999 which delivers financial services for individuals, businesses, and traders.
You can access IW Bank and manage your bank accounts, insurance accounts and investments online. The bank has branches throughout Europe including Austria, Germany, France, Spain, Luxembourg and the United Kingdom.
IW Bank offers numerous investment prospects for their clients, and allows them to invest in equities and bonds, as well as investment funds and capital accumulation plans.
IW Bank also offers supervision of investments and direct deposits from bank accounts into investment portfolios for security and convenience.
IWBank Safety and Security
One of the best benchmarks to measure the safety of a broker like IWBank, is to establish which regulating authorities are watchdogs over its actions. IWBank is an award-winning online bank, however it is not regulated by any governmental body.
They do highlight about security on their website that they protect the finances of their clients. IWBank offers VeriSign SSL certificates extended validation and E-mail certificates to all verification and digital signatures of important documents and forms.
The site also offers security information so users can protect their accounts, with pages devoted to password protect to prevent software piracy and digital fraud.
IWBank Pro and cons
| ✔️ Pros | ❌ Cons |
| Excellent training program for novice traders | Not regulated and no spreads specified |
| Various accounts can be opened | Not enough information about what research is done for traders |
| No maximum leverage | |
| No demo account |
IWBank Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.
IWBank does not specify a maximum leverage on their website.
IWBank Accounts
A forex account at IWBank is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.
IWBank offers bank accounts with boundless withdrawals and no monthly fees, with a 1% gross interest rate deposited monthly. Clients can also order standard or free-form cheques for their accounts.
IW Bank also offers no-fee credit cards which can be managed and paid online, as well as prepaid cards which can be used in stores or online. IWBank offers the following types of accounts: A smart account and a pro account for trading.
Smart Account
Gives you access to cash markets, stocks, bonds etc…
Commission
Fixed / variable starting from 2.5 €
Platforms
IW QuickTrade , 4Trader + , Trading + app
Services
Banking , investment and trading services
in a single resettable fee current account
Pro Account
Gives you access to cash markets, stocks, bonds, ETFs and futures and options for buying and selling.
Commission
Adaptive up to € 1
Platforms
IW QuickTrade ,4Trader + , Sphera® ,Trading + app
Services
All advanced trading services ( leverage and derivatives ), in a dedicated zero-fee account
Min Deposit
USD 1000
Regulators
Not Regulated
Trading Platform
IW QuickTrade, 4Trader +, Sphera, Trading + app
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
IWBank Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
IWBank offers the following of the above: Forex, Commodities, Indices, Energy.
IWBank Fees
Cost depends on different factors, like spread and margins, and IWBank clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
IWBank does not specify what spreads or margins they have.
IWBank Deposit and withdrawal
Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of IWBank, the minimum deposit to open an account is not specified on their website.
IWBank Trading platforms
The forex trading platform provided by IWBank to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
IWBank provides for the Smart Account the trading platforms: IW QuickTrade, 4Trader +, and Trading + app. For the Pro Account, they provide the following platforms: IW QuickTrade, 4Trader +, Sphera®, Trading + app.
Conclusion
IWBank can be described as an award-winning online European bank that offers its traders unique platforms and various options for different accounts.
Despite not being regulated, their clients are assured of safety for their investments. However, their website is not that user-friendly if you cannot speak Italian. But they do seem to provide for novice to expert traders.
Min Deposit
USD 1000
Regulators
Not Regulated
Trading Platform
IW QuickTrade, 4Trader +, Sphera, Trading + app
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Disclaimer
IWBank warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with IWBank, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
IWBank warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.
IWBank cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently asked questions
How many instruments can I trade with IWBank?
You can trade several different instruments with IWBank, which include the following:
- Forex
- Commodities
- Indices
- Energy
Which platforms are supported by IWBank?
IWBank provides the following popular trading platforms:
- IW QuickTrade
- 4Trader +
- Sphera®
- Trading + app
Does IWBank offer leverage?
No, IWBank does not stipulate a maximum leverage.
Is IWBank regulated?
No, IWBank is not regulated.
Is IWBank a recommended forex trading broker for experts and beginners?
IWBank offers a fair trading environment for all types of traders from beginners to experienced traders.
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