InterTrader Review 2018
InterTrader is a leading CFDs broker that was established in early 2011. The broker is based in Gibraltar and its registered address is at Suite 6 1st Floor Atlantic Suites, Europort Avenue, Gibraltar. The InterTrader brand is owned by an international online entertainment company called Bwin.Party Holdings Ltd. The holding company is also a major subsidiary of the GVC Holdings PLC (LSE:GVC), a company listed on the London Stock Exchange. The GVC group currently has a market capitalization of close to £6 billion, making it one of the largest sport gaming companies listed on a stock exchange. Hence it is not surprising to find the share price forms a part of the FTSE 100 market index constituent.
InterTrader Video Review
Based in Gibraltar, InterTrader is regulated by the Gibraltar Financial Services Commission. Its FSC registration number is 17009. Under the MiFID regulations, InterTrader is able to ‘passport’ its FSC authorization to other member states in the European Union. Hence, InterTrader is also authorized to operate in the UK. Its UK’s FCA registration number is #597312.
As for the reliability of InterTrader, the broker has proven its worth through the numerous awards that it has won over the years. The fact that InterTrader is also regulated by the Gibraltar Financial Services Commission means it is required to have adequate capital and regular audits to ensure the transparency of its operations. The broker is also required to maintain segregated accounts in order to safeguard its traders’ funds. Further safeguards for InterTrader’s clients come in the form of the GFSC’s compensation fund scheme which compensates traders up to a maximum of £20,000 in the event the broker becomes insolvent. The fund protection under InterTrader is further enhanced through the indemnification guarantee issued by the parent company.
InterTrader Trading Platforms
MetaTrader 4 Platform
As for the trading platforms adopted by InterTrader, the broker uses the industry-proven MetaTrader 4 (MT4) trading platform. The platform is popular among both brokers and traders as it is efficient and reliable. The MT4 platforms come with a wide array of trading tools such as a comprehensive charting package, support for multiple order types, support for over a hundred technical indicators and automated trading. It is available as a desktop client as well as a web-based trading platform.
InterTrader Advanced Platform
For experienced traders, InterTraer also offers the in-house Java-based InterTrader Advanced trading platform. The platform supports multiple workspaces for different markets and is fully integrated with advanced trading tools such as Trading Central and Autochartist.
InterTrader Mobile Trading
For traders who are always on the move, InterTrader has also provided mobile-optimized versions of their trading platforms. They are available for download as mobile apps from either Google PlayStore of Apple Apple Store. The mobile apps have been developed in conjunction with NetDania, a leading developer of trading apps. The InterTrader’s mobile apps are fast and enable you to trade directly from your charts. In addition, it support news feed and price alerts hence enabling you to keep track of developments in the markets at all times.
For trade types, InterTrader supports trading in Contract for Differences (CFDs) and spread betting for traders in the UK. The markets covered include the bond market, the currency market, the indices market, the commodities market, the stock markets, the interest rates market and the cryptocurrency market.
InterTrader Account Types
InterTrader offers two types of trading accounts, a spread betting account, and a CFD trading account.
Spread Betting account
- Trading cost is based on dealing spreads
- UK based traders are entitled to tax-free profits
CFDs trading account
- Trades are based on contracts rather than a physical trade
- Enable you to trade the forex market on interbank rates
Depending on the account currency, you will need a minimum deposit of £500 GBP to open a live trading account.
Commissions & Spreads
Trades on InterTrader’s trading platforms are based on spreads and commission. As the trades are based on contracts rather than the actual physical asset, the spreads offered by InterTrader is quite competitive. For shares, the commission charged by InterTrader is 0.1%. The table below indicates some of the spreads offered by InterTrader on the more frequently traded assets.
|Instrument||Spreads (in pips/points)|
|US Tech||1 point|
|Wall Street||1.6 point|
|Silver Futures||3 points|
Deposits & Withdrawals Options
Funding for trading accounts can be done through bank wire transfer and credit card transfer and web wallets such as Skrill. As per international anti-money laundering regulations, withdrawals of funds must be initiated through the same method used for depositing the funds. For example, if you fund your trading account with your credit card, then the withdrawal needs to be done through your credit card as well.
Bonus & Promotions
Due to MiFID regulations, brokers based in Europe are no longer permitted to offer traders any kind of bonuses. Consequently, InterTrader does not have any kind of bonuses new account holders.
Customer support at InterTrader is available 24 hours a day from Monday to Friday. You can contact the support team through live chat, email or the telephone.
Pros and Cons
- Additional funds protection through parent company indemnification
- Choices of trading platform
- Competitive spreads
- Regulated Broker
- Asset Index not available
- Lack of details on trading conditions
Is InterTrader regulated?
Yes, InterTrader is a regulated broker under the Gibraltar Financial Services Commission.
Where is InterTrader based?
InterTrader is based on Gibraltar. Its office is located at Suite 6 1st Floor Atlantic Suites, Europort Avenue, Gibraltar.
How does InterTrader make money?
InterTrader makes its money by charging traders spreads and a small commission on the trades that they made on the broker’s trading platforms.
How do I deposit in InterTrader account?
You can deposit your funds at InterTrader with your credit card, eWallet or by bank wire transfer.
How do I withdraw money from InterTrader?
Withdrawal of funds needs to be done through the same method used for depositing funds.
How do I open an account with InterTrader?
To open a trading account with InterTrader, you need to fill up the registration form and submit it with all the necessary documents for verification.
Is InterTrader reliable?
Yes, InterTrader is a reliable broker. It is owned by a company listed on the London Stock Exchange and has won many awards from major industry reviewers.
Does InterTrader use MetaTrader?
Yes, InterTrader uses the popular MetaTrader 4 trading platform.
What is InterTrader leverage?
Since August 2018, the European Securities and Markets Authority (ESMA) regulations have limited the leverage offered by European based brokers to 1:30.
Is InterTrader a scam?
No, InterTrader is not a scam as it has been operating since mid-2011. In addition, the broker is under the regulatory oversight of the Gibraltar Financial Services Commission.
How safe is InterTrader?
InterTrader is a safe broker as it operates under strict regulatory requirements and offers double protection on traders’ fund through the parental company indemnification and the GFSC’s compensation fund scheme.
With its long operational history, traders at InterTrader can rest assured that they are dealing with a legitimate broker that is reliable and efficient. The fact that InterTrader is regulated and offers protection on the funds deposited is an added bonus for them as well. The services and product offered by InterTrader come with competitive spreads hence helping to lower the trading cost for the end user. If there are any doubts about the reliability of this broker, then the numerous awards which InterTrader has won over the years will definitely help to dispel them. In short, InterTrader is a broker that is worth signing up with.
|Headquarters Country||United Kingdom|
|Number Of Employees||100|
Trading Account Options
InterTrader Trading Features
|24 Hours Support||Yes|
|Support During Weekends||Yes|
Customer Support Languages
|Supported Trading Platforms||MT4|
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