iTrustCapital Review 2026 | IRA Fees, Custody and Withdrawals
iTrustCapital is an Irvine, California software platform for self-directed Traditional, Roth and SEP IRAs and taxable accounts: $1,000 opens an account in which you trade about 100 cryptocurrencies against US dollars, buy physical gold, silver and platinum stored at the Royal Canadian Mint, stake ETH or SOL and, since August 2026, trade US stocks and ETFs. There is no account fee. Each crypto purchase and each sale costs 1%, and execution prices reflect a bid-ask spread from liquidity providers that the company does not size; metals carry a fixed premium per ounce ($125 for gold, up from $50 in 2024). Crypto can leave an IRA without being sold, either to your own wallet as an in-kind distribution or to another IRA custodian as an in-kind transfer. The IRA custodian today is Fortis Bank, a Colorado state bank, and/or the company's own subsidiary iTrust Custodial Services. The live terms still say the company's affiliated adviser is SEC-registered; its registration ended May 14, 2026. And when the previous custodian, Fortress Trust, left in 2024, iTrustCapital's May 16 notice to clients listed the benefits of the change and did not mention that North Carolina and Connecticut had summarily suspended Fortress's money transmitter licenses months earlier.
No platform response on record for this review. Is this your platform? Respond or claim it.
What the data actually shows - TL;DR
What you get: a self-directed Traditional, Roth or SEP IRA, or a taxable 'Premium Custody Account', in which you buy and sell crypto against US dollars 24 hours a day, buy physical gold, silver and platinum stored at the Royal Canadian Mint, stake ETH or SOL, and since August 18, 2026 trade US stocks and ETFs through Apex Clearing. $1,000 opens an account. What you pay, as stated on the pricing page (November 13, 2026): no monthly, setup, storage or exit fee; 1% on each crypto purchase and each sale ('We do not have token pairs', so a swap is two trades), with execution prices that reflect a bid-ask spread from liquidity providers, which the company does not size ('Additional asset pricing fees may apply'); $125 an ounce over spot for gold, $6 for silver, $160 for platinum; 22% of staking rewards; $75 for a Roth conversion; $15 for a wire.
Read the full assessmentShow less
How you get out: an IRA can be distributed in cash, 'up to 7-14 business days after the DocuSign is signed', or in kind, with crypto sent to your own wallet and no transaction fee; or it can be transferred in kind to another IRA custodian without selling, if that custodian accepts the assets. What you cannot do is hold IRA assets in a personal wallet and keep them inside the IRA. ACH deposits are held 30 days first (up to 60 at the custodian's discretion), and in-kind withdrawals from the taxable account cost 0.5%, capped at $5,000, with a $10,000 minimum per asset.
Who holds your assets: 'one or more of iTrust Custodial Services and Fortis Bank' (footer); Fortis Bank is an FDIC-supervised Colorado state bank, and iTrust Custodial Services is iTrustCapital's own wholly owned subsidiary, holding a New Mexico trust company certificate marked 'limited market'. Crypto is stored through Coinbase Custody, Fidelity Digital Assets and Fireblocks. The terms permit iTrustCapital to place uninvested client cash in FBO accounts it holds to pre-fund stablecoin rewards; whether it does, and the balances involved, are not disclosed.
No wallet address, proof of reserves, attestation or metals bar count is published. What the site says that the record does not match: the live terms say ITC Advisory Services 'is registered with the Securities and Exchange Commission', while IAPD shows that registration terminated May 14, 2026; the home page says the IRAs are held by 'a regulated, state-chartered trust company', while the help center says 'Our Qualified Custodian is currently Fortis Bank'; and the home page's '$18 Billion in Transactions & 300k+ Accounts' sits beside the company's own October 2024 figure of 'over 50,000 client-funded accounts', with 'accounts' not defined. The custody history: the previous IRA custodian, Fortress Trust LLC of Nevada (2023 to about September 2024), had its money transmitter licenses summarily suspended by North Carolina (effective January 22, 2024) and Connecticut (February 13, 2024), and iTrustCapital's client notice of May 16, 2024 announced that 'Fortress Trust will be resigning' and listed seven benefits of the change without mentioning either action. Fortress later went into a Nevada receivership; no source located ties its shortfall to iTrustCapital client balances.
On each crypto purchase and each sale; execution prices reflect a bid-ask spread from liquidity providers that is not sized on any public page. The company says the displayed price is the average of buy and sell.
How IRA crypto can leave without being sold: as a distribution to your own wallet (no transaction fee) or as a transfer to another IRA custodian that accepts it. IRA assets cannot be held in a personal wallet while they stay in the IRA.
Date ITC Advisory Services' SEC registration terminated (IAPD); the live terms, version 2.3, still say it 'is registered with the Securities and Exchange Commission'.
iTrustCapital's notice that 'Fortress Trust will be resigning' as its IRA custodian, framed around seven benefits; it did not mention that North Carolina (effective January 22, 2024) and Connecticut (February 13, 2024) had summarily suspended Fortress's money transmitter licenses.
Gold premium per ounce over spot in the pricing fee strip, from the 2023 to October 2024 captures to December 2025 onward; silver went from $2.50 to $6 (via $8 in February 2026).
'Accounts' on the home page (November 2026, undefined) against 'over 50,000 client-funded accounts' in the company's October 2024 release; no assets-on-platform figure is published.
Fees, withdrawal terms and site statements as captured on November 13, 2026 (pricing figures from the rendered page; the static HTML shows '$' only). Fee history from Wayback captures of the pricing page. Fortress figures from the Connecticut order of February 13, 2024 and consent order of August 14, 2024, the Nevada cease and desist order of October 22, 2025 and petition filed October 27, 2025, and Georgia's order filed November 24, 2025. No figure here is derived from on-chain data, and no total cost per trade is computed because the spread is undisclosed.
Visual Summary
Fees and withdrawals, as stated
Pricing page (rendered November 13, 2026), terms v2.3 and help center as captured on November 13, 2026. No total cost per trade is computed, because the spread is not disclosed.
Account
$0 monthly, annual, setup, storage or exit fee; $1,000 to open; $500 additional deposits.
Crypto trades
1% of each purchase and each sale; a swap is two trades ('We do not have token pairs'). Execution prices reflect a bid-ask spread from liquidity providers that is not sized: 'Additional asset pricing fees may apply.'
Metals
Over spot per ounce on purchase: gold $125, silver $6, platinum $160 (gold $50 and silver $2.50 through October 2024).
Stocks and ETFs
$0 commission through Apex Clearing; how iTrustCapital is compensated on these trades is not stated.
Staking and stablecoins
22% of staking rewards (displayed rates are net); stablecoin rewards net of an 'iTrustCapital Fee' with no published rate.
Service fees
$75 Roth conversion (credit card); $15 wire distribution or cash transfer out.
IRA: cash out
Sell to USD and take a distribution: 'up to 7-14 business days after the DocuSign is signed'.
IRA: crypto out without selling
In-kind distribution to your own wallet with no transaction fee (a distribution for tax purposes; stablecoins excluded), or an in-kind transfer to another IRA custodian 'if the receiving institution allows it'. IRA assets 'may not be held in your personal wallet' while they remain in the IRA.
Taxable account (PCA)
USD withdrawals in 5 to 10 business days; in-kind crypto withdrawals to an external wallet at 0.5%, capped at $5,000 and paid by credit card, with a $10,000 minimum per asset.
Deposit holds
ACH deposits held 30 days before withdrawal or in-kind distribution; 'The Qualified Custodian reserves the right to extend the Holding Period to 60 days at its discretion.'
Quick Verdict
Is this platform right for you?
iTrustCapital makes it easy to hold crypto and physical metals in an IRA with no account fee, and its fee strip, terms and help center are public. The record behind it is less tidy: a former custodian whose money transmitter licenses two states suspended while it held client IRAs, and which later failed, a client notice that presented the exit as a set of benefits, a custodian now chosen from a bank and the company's own subsidiary, a spread it does not size, no proof of reserves, an undefined account count and terms that still call a deregistered adviser registered. No regulator action against iTrustCapital itself was located.
Best for
- Long-term IRA holders who want crypto or physical metals, accept iTrustCapital's choice of custodian and do not trade often.
Avoid if
- You want published proof that client holdings are fully backed.
- You trade crypto frequently.
- You want to choose or vet the custodian yourself.
Top strengths
- No monthly, setup, storage or exit fee; a public fee strip with metals premiums in dollars per ounce.
- A bank custodian (Fortis Bank) and named institutional storage providers; IRA crypto can leave in kind, to your own wallet or another IRA custodian, without being sold.
- Crypto, metals, staking and stocks in one IRA or taxable account.
- No regulator action against any iTrustCapital entity located; prompt public replies to complaints.
Key limitations
- A custodian history that includes Fortress Trust's license suspensions and receivership, and a May 2024 notice that did not mention them.
- 1% each way, with an undisclosed spread in execution prices; metals premiums up sharply since 2024; an undisclosed stablecoin fee.
- No proof of reserves, attestation, wallet list or metals bar count; insurance amounts undisclosed.
- Terms that call a deregistered adviser registered; a home page that calls a bank a trust company; '300k+ Accounts' undefined.
- State money transmitter and California DFAL licensing not determined.
Compare Before Deciding
Where iTrustCapital fits against alternatives
Use these hooks to pressure-test whether this is the right platform, or whether a nearby alternative matches the job better.
How this compares to Alto IRA Review
Alto IRA Review
Self-directed IRA platform with its own New Mexico trust company and a former crypto IRA sold to Public.
How this compares to Rocket Dollar Review
Rocket Dollar Review
Self-directed IRA and Solo 401(k) administrator with a custodian under common ownership.
How this compares to Vaulted Review
Vaulted Review
Allocated gold at the Royal Canadian Mint with published bar counts.
Quick Answers
What most investors want to know first
The highest-signal facts first: minimums, liquidity reality, K-1 timing, and whether distributions are actually part of the experience.
Minimum
$1,000 to open; $500 additional deposits.
Liquidity
Assets trade through iTrustCapital's liquidity providers; the price includes the 1% fee and the spread.
K-1 Timing
Not applicable; IRA forms from the custodian.
Distributions
Staking rewards when unstaked; RLUSD rewards 'dispersed to users quarterly'.
Overview
Platform Overview
A concise read on what the platform is, how the structure works, and where the practical friction shows up for real investors.
iTrustCapital is the trade name of ITC2.0, Inc., a Delaware company that until 2023 contracted as iTrust Capital, Inc. (incorporated 2018, CIK 1903487), with a mailbox at 2372 Morse Avenue in Irvine. It describes itself as 'a fintech software platform' that is 'not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment adviser, or investment manager'. Customers open a self-directed IRA (or a taxable Premium Custody Account, launched March 4, 2025, or a Treasury Account for entities) and place orders on iTrustCapital's app; the qualified custodian holds the assets, crypto sits with institutional storage providers, metals are bought through Kitco and held at the Royal Canadian Mint, and stocks are carried at Apex Clearing. iTrustCapital earns the trade fees, metals premiums, a share of staking and stablecoin rewards, and Q strategy subscriptions. It is the subject of this review as account infrastructure: it does not pick or sponsor the assets customers buy.
Kevin Maloney, who joined in 2021, became chief executive. It moved IRA custody to Fortress Trust in 2023 and to Fortis Bank and its own subsidiary iTrust Custodial Services in 2024, added taxable accounts in 2025, and added stocks and ETFs, AI-formulated Q trading strategies and stablecoin rewards in 2026.
What it is
Self-directed IRA and taxable-account trading platform for crypto, physical gold, silver and platinum, staking and US stocks and ETFs; operator ITC2.0, Inc.
Fees
No account fee; crypto 1% on each purchase and each sale, with execution prices reflecting a bid-ask spread from liquidity providers that is not disclosed; gold $125, silver $6, platinum $160 per ounce over spot; staking 22% of rewards; Roth conversion $75; wires $15.
Withdrawals
IRA: cash distribution (7 to 14 business days after signing), in-kind distribution of crypto to your own wallet (no transaction fee) or in-kind transfer to another IRA custodian that accepts it. Taxable account: USD in 5 to 10 business days, or crypto in kind at 0.5% (capped at $5,000) with a $10,000 minimum per asset. ACH deposits held 30 days (up to 60).
Minimum
$1,000 to open; $500 additional deposits.
Custody (November 2026)
Fortis Bank (Colorado state bank, FDIC CERT 34401) and/or iTrust Custodial Services LLC (wholly owned subsidiary; New Mexico limited-market trust certificate); crypto storage at Coinbase Custody, Fidelity Digital Assets and Fireblocks; metals at the Royal Canadian Mint; stocks at Apex Clearing. The terms permit uninvested cash to be placed in iTrustCapital's own FBO accounts to pre-fund stablecoin rewards; use and balances are not disclosed.
Former custodian
Fortress Trust LLC (Nevada), 2023 to about September 2024. North Carolina summarily suspended its money transmitter license effective January 22, 2024; Connecticut summarily suspended its money transmission license on February 13, 2024, a proceeding resolved by an August 14, 2024 consent order with a $75,000 civil penalty. Nevada receivership from November 7, 2025.
Proof of holdings
None published: no wallet addresses, reserve attestation or metals bar count.
Licensing
FinCEN MSB registrations confirmed; state money transmitter, California DFAL and New York licensing not determined. The affiliated adviser's SEC registration ended May 14, 2026; the terms still call it registered.
Company record
Form D/A (May 2022): $131,195,672 sold to 22 investors; no financial statements public.
How the 35.5 (D+) is built
AltStreet scores iTrustCapital on its infrastructure path, as it does Alto IRA (44.3, C) and Rocket Dollar (35.5, D+), because it sells account access and execution rather than an investment of its own; two pillars count: Operational Risk 34.9 and Transparency and Alignment 36.3, each out of 100. The analyst inputs behind them, each out of 10: governance 3 (a custodian iTrustCapital chooses and can change, the May 2024 notice, a wholly owned subsidiary as custodian administrator, the FBO permission, state licensing not determined; no regulator action against iTrustCapital located); reporting quality 3 (no company financial statements, no assets-on-platform figure, no proof of reserves or bar count); transparency 4 (a public fee strip, terms and help center, against the stale adviser statement, the 'trust company' wording and the undefined account count); fee transparency 4 (1% stated plainly; the spread, the stablecoin fee and third-party payments undisclosed; the metals premium up since 2024); track record 3 (operating since 2018; one forced custodian migration). Liquidity (4) carries no weight on this path.
Visual Summary
IRA custody, period by period
From the terms, footers and help pages in Wayback captures, the company's notices and releases, and the state records named. Dates are capture or document dates.
2019 to early 2023
IRA custodian named
'iTrust Custodial Services' (2020 terms); 'M2 Trust Services, LLC dba iTrust Custodial Services' (Roth agreement, January 27, 2023)
What the record adds
Called the 'legacy trust services provider' in the February 2023 release; not named in the release
Source
Terms October 2020; Roth agreement; PR Newswire February 16, 2023
2023 to about September 2024
IRA custodian named
Fortress Trust LLC, 'a Nevada chartered trust company'
What the record adds
Nevada exam from September 2023 restricting onboarding; former iTrustCapital COO interim CEO October to December 2023; North Carolina summarily suspended Fortress's money transmitter license effective January 22, 2024 (unreported management change, insufficient net worth); Connecticut summarily suspended its money transmission license on February 13, 2024, resolved by consent order on August 14, 2024 ($75,000 civil penalty, without admitting or denying)
Source
Terms May 2023 to August 2024; Connecticut order and consent order; Nevada petition
May 16, 2024
IRA custodian named
Notice: Fortress 'will be resigning'; migration to Fortis Bank and/or iTrust Custodial Services
What the record adds
Seven benefits listed; no mention of the two license suspensions
Source
Wayback capture of the notice
October 2024 to date
IRA custodian named
'one or more of iTrust Custodial Services and Fortis Bank'
What the record adds
Fortis Bank: FDIC-supervised Colorado state bank; iTrust Custodial Services: New Mexico certificate, limited market
Source
Terms October 2024 onward; FDIC; New Mexico FID
October to November 2025
IRA custodian named
(Fortress, after iTrustCapital left)
What the record adds
Nevada cease and desist order (October 22, 2025); receivership from November 7, 2025, with the petition putting Fortress's custodial shortfall at $11,002,208 ($8,176,208 in dollars and $2,826,000 in digital assets owed beyond what it held, which the petition calls 'total custodial liabilities'); Georgia revoked its money transmitter license (filed November 24, 2025). None of these names iTrustCapital, and no source located ties the shortfall to iTrustCapital client balances
Source
Nevada FID order and petition; receivership order; Georgia DBF order
Investor Operations
The practical questions investors actually care about: when tax documents arrive, how cash distributions work, and whether capital can be exited before the underlying asset is sold.
Tax Documents
K-1 Timing
What to expect
Not applicable; IRA forms from the custodian.
Cash Flow
Distributions
Frequency
Not applicable: iTrustCapital pays no distributions; staking rewards are paid on unstaking and stablecoin rewards quarterly (RLUSD).
Timing
Staking rewards when unstaked; RLUSD rewards 'dispersed to users quarterly'.
Consistency
Rates are shown net and can change; no history is published.
Liquidity
Exit Reality
Holding period
None at the account level beyond deposit holding periods.
Exit options
- Sell to USD on the platform, then distribute (IRA) or withdraw (PCA).
- In-kind crypto distribution from an IRA, or in-kind withdrawal from a PCA ($10,000 per asset minimum).
- Transfer the IRA to another custodian, in cash or in kind if the receiving custodian accepts the assets.
Secondary market
Assets trade through iTrustCapital's liquidity providers; the price includes the 1% fee and the spread.
Investment Structures
iTrustCapital sells account access and execution, not investments of its own. The customer chooses which crypto, metal, stock or ETF to buy, and iTrustCapital routes the order to its liquidity providers, Kitco or Apex and arranges custody. It does not sponsor or select the assets.
- Crypto IRA and Premium Custody Account: about 100 assets against USD, 24/7; 1% each way, with execution prices reflecting the spread; IRA crypto leaves in kind only as a distribution to your own wallet or a transfer to another IRA custodian.
- Precious metals: gold, silver and platinum bought through Kitco, ledgered through DirectReserve and held at the Royal Canadian Mint as portions of large bars; premium per ounce over spot; no storage fee.
- Staking (ETH, SOL): through an unnamed provider; 22% of rewards; 2 to 45 business days to receive unstaked tokens.
- Stocks and ETFs (from August 2026): brokerage account at Apex Clearing; zero commission; regular market hours only.
Risk
Risk Structure
This is where the marketplace pitch gives way to the actual operating reality: delayed exits, limited disclosure, fee drag, and path-dependent outcomes.
Custody
Fortis Bank and/or a wholly owned subsidiary on a limited-market New Mexico certificate; crypto at third-party storage providers in wallets not attributable per client; no attestation.
Custodian selection
Chosen and changeable by iTrustCapital, 'NOT acting as a fiduciary'; three custodians since 2022, one of which later failed.
Fees
1% each way on crypto, with execution prices reflecting an undisclosed spread; per-ounce metals premium; staking and stablecoin takes; third-party payments permitted.
Cash
FDIC-insured deposits at Wells Fargo and Fortis or SIPC-covered money market accounts; the terms permit uninvested cash to be placed in iTrustCapital's FBO accounts to pre-fund stablecoin rewards (use and balances not disclosed).
Disclosure
No company financials, no assets-on-platform figure, undefined account count, stale adviser registration language in the terms.
A custodian you do not choose
iTrustCapital picks the qualified custodian and can move your IRA to another of its choosing; its 2023 to 2024 custodian, Fortress Trust, had its money transmitter licenses summarily suspended in North Carolina and Connecticut while holding client accounts and later went into receivership.
Why it matters
The safety of the account depends on a custodian you did not select and on what you are told when it changes; the May 2024 notice did not mention the license suspensions.
Mitigation / verification
Ask which entity holds your account, read every custodian-change notice, and check the custodian's state regulator directly.
No independent check on holdings
No proof of reserves, attestation, wallet list or metals bar count is published; insurance amounts at the storage providers are undisclosed.
Why it matters
An investor cannot confirm from public evidence that client balances are fully backed, as Fortress's later shortfall shows can matter at a custodian.
Mitigation / verification
Ask iTrustCapital and Fortis Bank for any SOC report or attestation covering client assets; compare with platforms that publish bar counts or reserve reports.
Trading costs you cannot see in full
1% each way, with execution prices reflecting a spread that is not sized; a swap is two trades; metals premiums are fixed per ounce and have risen.
Why it matters
The round trip on crypto is at least 2% before the spread, which matters most to frequent traders and to anyone comparing platforms.
Mitigation / verification
Compare the execution price with a public market price at the same moment before trading; check the current fee strip before each metals purchase.
Exits take time
30-day ACH holds (extendable to 60), 5 to 14 business days for cash, IRA crypto out in kind only by distribution or custodian transfer, a $10,000 floor and 0.5% fee on taxable in-kind withdrawals.
Why it matters
In a fast market, the time to get cash or coins out can matter as much as the price.
Mitigation / verification
Fund by wire if speed matters; keep the distribution and transfer-out steps in mind before a price move, not during one.
ASRisk signals to watch
- Any custodian-change notice, and whether it names the outgoing custodian's regulatory status.
- A corrected Annex 4 in the terms, or any new adviser registration.
- Publication of a reserve attestation or metals bar count.
- The Nevada receivership of Fortress Trust: any claim or filing that names iTrustCapital or its clients.
- State licensing disclosures, including California's Digital Financial Assets Law.
- Any customer notice or state filing about the August 2026 breach allegation.
Regulatory & Legal Posture
Security Status
iTrustCapital offers no security of its own to customers. Customers hold crypto, metals, stocks and ETFs in accounts at a qualified custodian; stocks and ETFs are carried in a brokerage account at Apex Clearing Corporation, an SEC-registered broker-dealer. The company's own equity was sold to 22 investors under Rule 506(b) in 2021 and 2022 (Form D and D/A, CIK 1903487).
As a software platform, ITC2.0, Inc. says it is not a custodian, broker-dealer or adviser; its regulatory touchpoints are FinCEN money services business registration (confirmed), state money transmitter licensing (not determined), its subsidiary's New Mexico trust certificate, and the custodian bank's FDIC supervision.
- FinCEN: two MSB registrations for ITC2.0, Inc. (activity code 409, money transmitter), received October 29, 2024 and December 27, 2024.
- ITC Advisory Services, LLC (CRD 339265): SEC registration terminated effective May 14, 2026 (IAPD); the live terms still describe it as registered.
- Former custodian Fortress Trust LLC: North Carolina summary suspension and cease and desist order as a money transmission licensee, effective January 22, 2024; Connecticut summary suspension of its money transmission license and notices of intent, February 13, 2024, resolved by consent order on August 14, 2024 ($75,000 civil penalty); Nevada cease and desist order October 22, 2025 and receivership November 7, 2025 (receiver John Guedry); Georgia revocation of its money transmitter license, filed November 24, 2025. None of these names iTrustCapital.
- Not determined: state money transmitter licenses (NMLS behind CAPTCHA), California DFAL, New York BitLicense or trust charter.
- AltStreet located no SEC, CFTC, FINRA or state action against an iTrustCapital entity in the sources searched on November 13, 2026; CourtListener (November 14, 2026) found no federal case naming one as a party.
- Disputes: individual arbitration with a class-action waiver under the terms; awards are generally not public.
Disclosure Quality
The fee strip, terms and help center are public and detailed; the spread, stablecoin fee, third-party payments, account definition, assets on platform and custodian-by-account are not disclosed, and the terms carry an adviser registration statement that is out of date.
Custody Model
IRA assets held by Fortis Bank and/or iTrust Custodial Services as qualified custodian; crypto stored through Coinbase Custody, Fidelity Digital Assets and Fireblocks; metals at the Royal Canadian Mint through Kitco and a DirectReserve ledger; cash in FDIC-insured deposits at Wells Fargo and Fortis or SIPC-covered money market accounts; stocks at Apex Clearing.
Regulatory Backing
Fortis Bank: Colorado state-chartered nonmember bank supervised by the FDIC (CERT 34401). iTrust Custodial Services LLC: New Mexico Financial Institutions Division Certificate of Authority No. 37, limited market. Apex Clearing: SEC and FINRA (CRD 13071). FDIC and SIPC coverage apply to cash and securities as described, not to crypto.
Tax Treatment
Reporting
IRA forms from the custodian (Form 5498 for contributions and values, Form 1099-R for distributions); tax forms for taxable Premium Custody Accounts were not reviewed.
Annual; no delivery dates published.
Income Character
Tax-deferred or tax-free inside the IRA; gains and staking rewards in taxable accounts are taxed under the usual rules.
Trades inside a Traditional or Roth IRA are not taxed when made; distributions follow IRA rules. In a taxable account, sales of crypto or metals and staking rewards are taxable events; collectibles treatment can apply to physical metals.
Limitation
AltStreet is not a tax adviser and did not review any iTrustCapital tax form.
Special Considerations
UBTI Risk
Not a typical issue for spot crypto or metals in an IRA; staking and stablecoin rewards in an IRA are a question for a tax adviser.
- Roth conversions cost $75 each, charged to a credit card.
- In-kind crypto distributions from IRAs carry no transaction fee but are distributions for tax purposes.
Account Suitability
Taxable
Yes, through the Premium Custody Account (from March 2025).
Roth IRA
Yes.
Traditional IRA
Yes, including SEP IRAs and rollovers from 401(k) plans.
HSA
Not offered.
Before You Invest
Get AltStreet's weekly briefing on iTrustCapital and its peers
Changes to fees, liquidity and investment terms across alternative platforms, including iTrustCapital, read against the filings. One email a week.
- Weekly platform research focused on tax timing and liquidity reality.
- Signals on distributions, risks, and structural tradeoffs before capital is locked up.
- Coverage of adjacent platforms so you can compare better options faster.
Get weekly platform signals
Track fee changes, liquidity updates, risk flags, and adjacent platforms before you invest.
Independent intelligence from AltStreet. No hype. No sponsor spin.
AltStreet Data Layer
What the data actually shows
The record shows a no-account-fee trading platform whose custody arrangements are chosen by the company, whose former custodian failed after it left, and whose holdings and spread are not independently disclosed.
Three custodians since 2022
Legacy iTrust Custodial Services (M2 Trust Services) to early 2023; Fortress Trust 2023 to about September 2024; Fortis Bank and the subsidiary iTrust Custodial Services since.
What this means
The customer has no choice of custodian and relies on iTrustCapital's notices when it changes.
A notice without the orders
The May 16, 2024 notice listed seven benefits of the change; North Carolina and Connecticut had summarily suspended Fortress's money transmitter licenses by then.
What this means
Clients were not told, in that notice, the regulatory status of the custodian holding their IRAs.
A dollar premium that rose
Gold $50 an ounce over spot (2023 to October 2024), $75 (2025), $125 (December 2025 onward); silver $2.50 to $6.
What this means
Check the fee strip before each purchase; the 1% crypto headline has not changed, but the metals premium has.
Figures without definitions
'300k+ Accounts' in 2026 against 'over 50,000 client-funded accounts' in 2024; 'billions' of assets, never quantified.
What this means
No filed or defined figure sits behind the scale claims.
Data as of 2026-11-13 . AltStreet review evidence layer . Public-source analysis
Full datasetDecision Fit
Investor Fit
Who this works for, who it does not, and what level of patience and complexity tolerance the platform really demands.
Long-term holders who want crypto or physical gold inside a Roth or Traditional IRA
No account fee and institutional storage, against a custodian chosen for you, no attestation and an undisclosed spread in every execution price.
Active crypto traders
1% each way plus the spread, and two fees on every swap.
Metals buyers comparing cost from spot
A clear dollar premium per ounce, but no published sale-side price and no bar count.
Investors who need fast access to cash
Deposit holds and multi-day distribution and withdrawal times.
Tradeoffs
Key Tradeoffs
The attraction of pre-IPO access is real, but every benefit comes bundled with a corresponding liquidity, transparency, or pricing cost.
Cost
1% each way on crypto, with execution prices reflecting an undisclosed spread; metals premium per ounce has risen since 2024.
Custody
A subsidiary on a limited-market certificate also named; no choice; no attestation; a former custodian that failed.
Security
Slower exits and a $10,000 floor on taxable in-kind withdrawals.
Disclosure
Undefined account count, no assets figure, stale adviser language, and no mention of Fortress on the current site.
Avoid
Who This Is Not For
This section should be read as a filter, not an afterthought. If you need income, simplicity, or near-term access to capital, the structure is working against you.
Investors who want proof of reserves
None is published, for crypto or metals.
Frequent traders
Two percent or more per round trip before the spread.
Investors who want to choose their custodian
iTrustCapital chooses, and has changed it twice since 2023.
Investors who need same-day liquidity
Deposit holds and multi-day distribution and withdrawal times.
Editorial View
AltStreet Perspective
The compressed version of the review: what matters, what marketing tends to obscure, and how we would frame the platform for a serious allocator.
Verdict
iTrustCapital built a large retail business on a simple pitch: crypto and gold in an IRA without an account fee. The trade-offs sit in custody and disclosure. The company chooses the custodian and has changed it twice, once away from a trust company whose money transmitter licenses two states had suspended, and it told clients about that change as an upgrade. It publishes no evidence that client holdings are fully backed, does not size the bid-ask spread reflected in every execution price, and leaves its headline figures undefined. Nothing in the record ties Fortress's later shortfall to iTrustCapital clients, and no regulator has acted against iTrustCapital. Open questions: the spread, the custodian of each account, state licensing, and whether it will publish an attestation.
Positioning
Against Alto IRA, iTrustCapital is cheaper to hold and more expensive to trade, with a weaker custody record. Against Rocket Dollar, it is the more complete product with a similar affiliated-custodian question. Against Vaulted at the same Royal Canadian Mint, it publishes less about what is in the vault.
The Bottom Line
A no-account-fee crypto and metals IRA whose custodian is chosen for you, whose former custodian failed, and whose spread, holdings and headline numbers are not disclosed.
Action
Next Steps
If you still want to engage after reading the review, these are the practical next moves that reduce avoidable mistakes.
Read the pricing page and the terms (Annexes 1, 2 and 4, the staking and stablecoin sections) before funding.
Ask iTrustCapital which entity will be the custodian of your account, and what iTrust Custodial Services' charter covers.
Compare an execution price with a public market price at the same moment to see the spread.
Ask for any SOC report, attestation or bar count covering client holdings.
Fund by wire if you may need to withdraw soon; ACH deposits are held 30 days or more.
Keep every custodian-change notice and check the named custodian's regulator.
AltStreet Research Desk
About to invest in iTrustCapital, or in an offering we haven't covered?
Commission an independent diligence report: the same filing-based analysis behind this review, applied to the specific investment in front of you before you wire the money.
- Built from primary sources: SEC filings, court records, capital structure, and marketing-versus-filings comparison.
- From $750; full reports from $1,495. Fixed price confirmed up front, delivery in 3-5 business days.
- Independent by design: we work for investors and accept no compensation from the companies we cover.
Want this on every new deal, not one? Deal Intelligence sends the alert the day a new offering appears on a covered platform and follows with an analyst-approved investment committee memo.
Deal Intelligence →Appendix
Sources, Disclosures, and Supporting Context
The lower section is structured like a report appendix: relationship context first, adjacent reading second, and evidence last.
Report Appendix
Disclosure
Relationship and compensation context
+
Report Appendix
Disclosure
Relationship and compensation context
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
+
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
Further Reading
Related Resources
Adjacent frameworks and reviews that help place the platform in a broader allocation or due-diligence context.
Deep Dive Guide
Precious Metals and Bullion Category HubSimilar Platform Reviews
- Alto IRA Review
Self-directed IRA platform with its own New Mexico trust company and a former crypto IRA sold to Public.
- Rocket Dollar Review
Self-directed IRA and Solo 401(k) administrator with a custodian under common ownership.
- Vaulted Review
Allocated gold at the Royal Canadian Mint with published bar counts.
- Monetary Metals Review
Metals platform with a percentage spread to spot and custody wording that differs between pages.
Report Appendix
Evidence & Methodology
48 cited passages on file; sources, scope, and how the review was assembled
+
Report Appendix
Evidence & Methodology
48 cited passages on file; sources, scope, and how the review was assembled
Evidence on file
48 supporting passages on file for iTrustCapital and its offerings from 26 source documents, 8 discrepancies flagged. Each passage records the metric it supports, the value read from the document, the page, and the verbatim text where the document has it. Terminal subscribers read the passages; open them in the terminal.
- Cited passages
- 48
- Source documents
- 26
- Analyst verified
- 0
- Discrepancies flagged
- 8
ASReview Evidence
Methodology
120 itrustcapital.com pages (static and rendered), 137 help-center articles with their dates, Wayback captures from 2020 to 2026, the October 2020 terms, the January 2023 Roth custodial agreement and the May 16, 2024 notice; the 2022 Form D and D/A; IAPD, BrokerCheck, FinCEN MSB, FDIC BankFind and the New Mexico trust company list; the Connecticut order of February 13, 2024 and consent order of August 14, 2024, the Nevada cease and desist order, receivership petition and order, and Georgia's revocation order against Fortress Trust; CFPB, BBB, Trustpilot, App Store, Google Play, Reddit archive and press; Arkham, Etherscan, OKLink and Blockscout searches. All read on November 13, 2026.
Scope
ITC2.0, Inc. d/b/a iTrustCapital and its subsidiaries iTrust Custodial Services LLC and ITC Advisory Services, LLC, and the former custodian Fortress Trust LLC as it concerns iTrustCapital. Not obtained: NMLS records, Delaware and California registry records, California Superior Court records, the Nevada receivership docket after November 7, 2025, North Carolina's own copy of its order and any later North Carolina action, whether Fortress met the Connecticut consent order's conditions, any account statement or tax form.
Key Findings
- *May 16, 2024 notice: 'Fortress Trust will be resigning as iTrustCapital's Qualified Custodian.'
- *Connecticut order: 'On or about January 16, 2024, the North Carolina Commissioner of Banks issued a Summary Suspension and Cease and Desist Order'.
- *Nevada petition: 'FORTRESS's total client liability: $8,176,208' (dollars) and '$2,826,000' (digital assets), together 'the stated $11,002,208, in total custodial liabilities'.
- *Connecticut Bulletin 3156: Fortress 'paid $75,000 as a civil penalty' under the consent order of August 14, 2024.
- *Pricing page: 'In-Kind Crypto Distributions from iTrustCapital Retirement accounts will not be charged a transaction fee.' Help center: 'you may transfer out to another crypto IRA provider without having to liquidate the assets if the receiving institution allows it'.
- *Terms v2.3: 'ITC Advisory is registered with the Securities and Exchange Commission'; IAPD: Terminated, effective 5/14/2026.
- *Help center: 'Our Qualified Custodian is currently Fortis Bank.' Home: 'iTrustCapital uses a regulated, state-chartered trust company to hold the self-directed IRAs'.
- *Terms: 'iTrustCapital may place uninvested client cash into FBO accounts held by iTrustCapital to pre-fund Stablecoin rewards programs' (a permission; use and balances not disclosed).
Primary Source Pages
Comparable Platforms
- Alto IRA
Self-directed IRA with its own trust company and a quarterly account fee.
- Rocket Dollar
Account administrator with a custodian under common ownership.
- Vaulted
Gold at the same Royal Canadian Mint, with published bar counts and a percentage spread.
- Monetary Metals
Metals platform quoting a percentage spread to spot.
FAQ
Frequently Asked Questions
High-intent search questions answered directly, without making users hunt through the full review.
Is iTrustCapital legit?
iTrustCapital is a real company (ITC2.0, Inc., formerly iTrust Capital, Inc.) that has operated since 2018, raised $131.2 million from 22 investors in 2021 and 2022 per its Form D/A, and holds two FinCEN money services business registrations. AltStreet located no regulator action against it in the sources searched on November 13, 2026. Its IRA custodian is Fortis Bank, an FDIC-supervised Colorado bank, and/or its own subsidiary iTrust Custodial Services. It publishes no proof of reserves, and its custodian from 2023 to 2024, Fortress Trust, had its money transmitter licenses summarily suspended by North Carolina and Connecticut in early 2024 and went into receivership in November 2025.
What happened with Fortress Trust and iTrustCapital?
Fortress Trust LLC of Nevada became iTrustCapital's IRA custodian in 2023. North Carolina summarily suspended Fortress's money transmitter license effective January 22, 2024, and Connecticut suspended its money transmission license on February 13, 2024, a proceeding Fortress settled by consent order on August 14, 2024 with a $75,000 civil penalty. iTrustCapital announced on May 16, 2024 that Fortress would resign and accounts would move to Fortis Bank and/or iTrust Custodial Services; the notice did not mention either license action. Accounts moved around September 2024. In October 2025 Fortress told Nevada it was insolvent, and a receiver was appointed on November 7, 2025; the state's petition put its custodial shortfall at $11,002,208. No source located ties that shortfall to iTrustCapital client balances.
Who holds my assets at iTrustCapital?
Per the site (November 13, 2026), IRA custody is provided by 'one or more of iTrust Custodial Services and Fortis Bank'; the help center says the qualified custodian is currently Fortis Bank. Crypto is stored through Coinbase Custody, Fidelity Digital Assets and Fireblocks, metals at the Royal Canadian Mint, stocks at Apex Clearing. The site does not say which custodian holds a given account, and customers do not choose.
What are iTrustCapital's fees?
As stated on the pricing page (November 13, 2026): no monthly, setup, storage or exit fee; 1% on each crypto purchase and each sale, with execution prices reflecting a bid-ask spread that is not sized; gold $125, silver $6 and platinum $160 an ounce over spot; zero-commission stocks and ETFs; 22% of staking rewards; $75 Roth conversion; $15 wire distribution; 0.5% (capped at $5,000) on in-kind crypto withdrawals from taxable accounts; no transaction fee on in-kind crypto distributions from IRAs.
Can I move my crypto out of iTrustCapital without selling it?
Yes, in two ways, per the help center and pricing page (November 13, 2026). From an IRA you can take an in-kind distribution, and 'we send the Bitcoin directly to your personal wallet'; iTrustCapital charges no transaction fee for it, but it is a distribution for tax purposes, and stablecoins are excluded. Or you can transfer the IRA in kind to another custodian: 'you may transfer out to another crypto IRA provider without having to liquidate the assets if the receiving institution allows it', using the new custodian's transfer form. What you cannot do is hold IRA assets in your own wallet while they stay in the IRA. From a taxable Premium Custody Account, in-kind withdrawals to an external wallet cost 0.5%, capped at $5,000, with a $10,000 minimum per asset. ACH deposits must sit 30 days first.
Does iTrustCapital publish proof of reserves?
No. AltStreet found no wallet address, reserve attestation, auditor report on client holdings or metals bar count on the site or in the help center, and no public attribution of any address to iTrustCapital in Arkham, Etherscan, OKLink or Blockscout searches on November 13, 2026.
Is iTrustCapital licensed?
ITC2.0, Inc. holds two FinCEN money services business registrations, and its subsidiary iTrust Custodial Services holds a New Mexico trust company certificate (limited market). AltStreet could not determine its state money transmitter licenses, California Digital Financial Assets Law status or New York licensing; that is a gap in what could be read, not a finding either way.
Is ITC Advisory Services registered with the SEC?
Not since May 14, 2026, when IAPD shows its SEC registration terminated. The iTrustCapital terms (version 2.3, captured November 13, 2026) still say it 'is registered with the Securities and Exchange Commission'.
How does iTrustCapital compare with Alto IRA?
Alto charges a quarterly account fee and uses its own New Mexico trust company; iTrustCapital charges no account fee and earns 1% plus the spread on each crypto trade. Alto scores 44.3 (C) and iTrustCapital 35.5 (D+) out of 100 on AltStreet's infrastructure path.
Update History
What's changed in this iTrustCapital review
New data, new findings, corrections, and confirmations as they emerge. Most recent updates appear first.
- New finding
LEGAL SCAN: CourtListener RECAP and opinions (iTrustCapital, iTrust Capital, ITC2.0, iTrust Custodial, Fortress Trust), November 14, 2026: no case with an iTrustCapital entity as party; appearances in debtors' schedules (Bankr. D.N.J. 25-23509, Bankr. E.D. Pa. 24-10161, Bankr. S.D. Ind. 25-07364), the Linqto bankruptcy (Bankr. S.D. Tex. 25-90186) and XRP-holder filings (D.R.I. 1:21-cv-00001; S.D.N.Y. 1:20-cv-10832). Analysis