Intertrader, a multi-award-winning [10+ in the recent years] spread betting and CFD provider. With its robust regulatory framework [GFSC, FCA] and features such as negative balance protection, $0 commission on forex and 1:200 maximum leverage, Intertrader has positioned itself as a go-to platform for traders.
Beside these, Intertrader supports fractional trading and has ā¬20,000 insurance for client funds under the Gibraltar investor compensation plan. In the review below, we will explore all of these matters.
Intertrader broker Company Information & Regulation
Intertrader is a heavyweight contender backed by some serious credentials such as FCA and GFSC regulations. Here's what you need to know to about this brokerage:
Regulatory Powerhouse
Intertrader operates under the watchful eye of the Gibraltar Financial Services Commission (GFSC) and is registered with the UK Financial Conduct Authority (FCA). This dual regulatory approach ensures a high level of investor protection and operational transparency.
Corporate Backing
As a subsidiary of the FTSE-listed GVC Holdings PLC, Intertrader benefits from a rock-solid financial foundation. This connection provides a 100% parental guarantee, effectively safeguarding client funds.
Market-Neutral Model
Unlike some brokers who might be tempted to trade against their clients, Intertrader operates on a market-neutral model. This means they don't take the opposite side of your trades, resulting in superior execution quality and aligning their interests with yours.
Revenue Model
Intertrader's income is derived from client trading volume rather than client losses. This transparent approach fosters trust and ensures that the broker's success is directly tied to the trading activity of its clients.
Summary of Specifics
Intertrader isn't just another run-of-the-mill broker; it's a powerhouse of trading opportunities wrapped in a user-friendly package. Let's break down the key specifics that make this broker stand out in the crowded world of online trading. Intertrade Broker Specifics:
Broker | Intertrader |
Account Types | Live |
Regulating Authorities | FCA, GFSC |
Based Currencies | GBP/EUR/USD |
Minimum Deposit | $500 |
Deposit/Withdrawal Methods | VISA, MasterCard, Maestro, Skrill, Neteller |
Minimum Order | 0.01 |
Maximum Leverage | 1:200 |
Investment Options | None |
Trading Platforms & Apps | Intertrader +, MetaTrader 4, MetaTrader 5, Mobile Trading |
Markets | Shares, Indices, Forex, Commodities |
Spread | From 0.3 Pips |
Commission | $3 |
Orders Execution | Market |
Margin Call/Stop Out | No Information Provided |
Trading Features | High Trust Scores, $500 Minimum Deposit, MT4 & MT5 Are Supported, 1:200 Maximum Leverage |
Affiliate ProGFSCm | Yes |
Bonus & Promotions | No |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Indoor Meeting, Live Chat, Email, Ticket |
Customer Support Hours | 24/5 |
How Many Accounts Are Offered by Intertrader?
When it comes to account types, Intertrader keeps things simple. Unlike many brokers who have various accounts and each of them targets a specific range of traders, Intertrader offers just one live account type. Intertrade Live Account Features:
- Minimum Deposit: $500
- Maximum Leverage: 1:200
- Spreads: Competitive, starting from 0.3 pips on major pairs
- Commission: $3
- Instruments: Access to all available markets (Shares, Indices, Forex, Commodities)
- Platforms: Intertrader +, MetaTrader 4, MetaTrader 5, Mobile Trading
How to Create an Intrader Account? Step-by-Step Guide for Traders
Embarking on your trading journey with Intertrader is not that hard, but it's important to understand each step to ensure a smooth onboarding experience.
- Visit the official Intertrader website and click on the "Create a live account";
- Enter email and password;
- Choose country of residence and nationality;
- Complete the questionnaire about your purpose of trading and experiences;
- Fill in the registration form with your first and last name, date of birth and phone number;
- Choose your account currency (e.g., USD, EUR, GBP);
- Select your preferred leverage (remember, higher leverage means higher risk);
- To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, you'll need to verify your identity and address. Prepare a government issued ID, and utility bill for proof of address;
- Intertrader's compliance team will review your documents and information;
- This process usually takes 1-2 business days, but can sometimes be faster;
- After approval, fund your account and start trading.
What Are Intertrader Trading Platforms?
They shine In this section of Intertrader review because of supporting 4 trading platforms. this broker offer a diverse range of platforms to suit different trading styles and preferences. Let's dive into the details of each platform:
Intertrader+ (Web-based Platform)
Intertrader's proprietary web-based platform offers a seamless trading experience without the need for downloads. Key Features:
- User-friendly interface;
- Advanced charting tools;
- Real-time market data;
- Quick trade execution;
- Customizable workspace;
- Accessible from any device with internet connection.
Great for traders who prefer flexibility and don't want to install software.
MetaTrader 4 (MT4)
The gold standard in forex trading platforms, MT4 is known for its robust features and user-friendly interface. Key Features:
- Advanced charting tools with 30+ built-in indicators;
- Expert Advisors (EAs) for automated trading;
- Customizable interface;
- Mobile version available for iOS and Android;
- Real-time quotes and execution;
- One-click trading.
Perfect for experienced traders who value customization and automated trading options.
MetaTrader 5 (MT5)
The next-generation platform, building on MT4's success with enhanced features. Key Features:
- Access to more markets (stocks, futures);
- Economic calendar inteGFSCtion;
- Advanced pending orders;
- More timeframes and GFSCphical objects;
- Improved strategy tester;
- MQL5 proGFSCmming language.
Ideal for traders looking for a more comprehensive platform with access to multiple asset classes.
Mobile Trading Apps
Trade on-the-go with Intertrader's mobile applications. Key Features:
- Available for iOS and Android devices;
- Real-time quotes and charts;
- Full trading functionality;
- Push notifications for market events;
- Secure login with biometric authentication.
Perfect for traders who need to monitor and execute trades while away from their desk.
Spreads and Commissions
Understanding the cost structure of your trades is crucial for long-term profitability. Intertrader offers a competitive pricing model that's designed to cater to various trading styles.
Spreads
Intertrader offers variable spreads that are among the most competitive in the industry because it starts from 0.3 pips; Major Pairs Spreads:
- EUR/USD: From 0.3 pips;
- EUR/GBP: From 0.3 pips;
- AUD/USD: From 0.4 pips;
- GBP/USD: From 0.4 pips.
It's important to note that these are variable spreads, meaning they can widen during times of high market volatility or important economic announcements.
Commissions
Trading with Intertader broker is not commission free and based on the official information released by the broker, you have to pay $3 for each position.
What Are Intertrader Deposit & Withdrawal Methods?
When it comes to funding your trading account, Intertrader offers 5 payment methods. Intertrader Deposit and Withdrawal Methods:
- Credit/Debit Cards: VISA, MasterCard, and Maestro;
- E-wallets: Skrill and Neteller.
Intertrader aims to make the funding process as smooth as possible for its clients. Here are some key points to note:
What Investment Option Are Offered by Intertrader?
Interestingly, Intertrader does not currently offer copy trading or social trading feature! This might come as a surprise to some traders who are used to these options being available with other brokers. Beside copy trading, there are no investment options available in this broker.
Does Intertrader Offer Bonuses and Promotions?
In an interesting departure from many of its competitors, Intertrader does not offer any bonuses or promotional offers to its clients. This approach aligns with the broker's focus on providing a transparent and straightforward trading environment.
Customer Support
Intertrader offers 24/5 customer support (Monday to Friday) which means they are not available on the weekends. The broker provides multiple channels for traders to get in touch with their support team:
- Live Chat: Available directly from the website for quick queries;
- Email: For more detailed inquiries or documentation needs;
- Indoor Meeting: Accessible with appointment;
- Ticket System: For tracking and resolving complex issues.
Intertrader Broker Trust Scores
Trust and reputation are crucial factors when choosing a forex broker. Intertrader has received mixed reviews across industry-known platforms such as ForexPeaceArmy and Trustpilot:
- ForexPeaceArmy: 2.5/5 out of just 5 reviews;
- Trustpilot: 4.7 out of 5 based on 45+ reviews.
The high rating on Trustpilot suggests that many clients have had positive experiences with Intertrader. Common Praises Include:
- Excellent customer service;
- User-friendly trading platforms;
- Competitive spreads and fast execution.
However, the lower rating on ForexPeaceArmy indicates that some traders have faced challenges or dissatisfaction with the broker's services.
TradingFinder Expert Conclusion and Final Words
Intertrade launched in 2009 at the heart of the English capital [London]. Since then, the broker obtained licenses from regulators such as UK FCA, and Gibraltar GFSC.
With over 100 assets to trade, four trading platforms [Intertrader +, MetaTrader 4, MetaTrader 5, Mobile Trading], and 5 payment methods, Intertrader seems to be a good broker. On the other hand, there is only one account, no possibility of copy trading, and no bonus!
