An Overview of InterTrader
InterTrader Direct is a financial brokerage firm established in 2009 which primarily deals with forex trading and spread betting. It has its head office in Gibraltar. The company provides traders complete access to a wide range of trading instruments in numerous financial markets like commodities, currencies, and bonds.
For investors who are more inclined towards cryptocurrency trading like Bitcoin, the premier firm also suggests cryptocurrency CFDs. Driven by the objective to provide the best services to customers, InterTrade has evolved as a prominent brand name today.
Trading CFDs involves a high risk of you losing your money. Many retail investor accounts lose money when trading CFDs. You should consider whether you understand CFDs and if you can afford to take the high risk of losing your funds due to market volatility.
InterTrader Direct is maintained and operated by GVC Holdings PLC, which is registered in the London Stock Exchange concealed by the ticker symbol “GVC”. It is also a division of the FTSE 250 Index with more than £5 billion market capitalization. GVC Holdings PLC owns numerous brands with a collective legacy of more than 250 years. InterTrader is the trading name of InterTrader Limited. It is no longer associated with London Capital Group.
Headquartered at London, England, InterTrader was established in 2009 with the core idea to deliver fair, malleable, and market-neutral trading. Trade execution in InterTrader is accomplished by emulating the original market for every point that client opens.
Contrasting to the traditional financial market model, the client and the broker are not on differing sides as InterTrader follows market-neutral performance. This implies InterTrader loses every time the clients lose, this is the primary reason why the firm is interested in the client’s triumph in every trading session.
All the trading transaction orders are made anonymous by InterTrader so that the user can interact with the financial markets by assigning orders inside the forex market spread. With the help of InterTrader, investor’s trading costs are put up in the spread, and the amount provided from interbank is collected in a liquidity pool that offers access to deep liquidity.
Users also have the option to receive indicative quotes from its liquidity providers. All rights reserved by the platform for its trading conditions, features and functionalities.
Regulation and Security Standards of InterTrader
As per our InterTrader review, InterTrader is regulated by the Gibraltar Financial Services Commission (GFSC) and is controlled under license number 105224. InterTrader is completely controlled and administered by the Financial Conduct Authority (FCA) in the UK, which helps the firm to maintain high ethics and mutual flexibility suitable to any jurisdiction. InterTrader conforms to the Second Markets in Financial Instruments Directive (MiFID II) while executing its orders.
This broker understands that the security of client funds is pivotal for any modern financial firm. Therefore, to handle all trading transactions responsibly and securely, client funds are transferred to a segregated bank account, following the regulator’s money rule.
As per our InterTrader review, InterTrader traders are also subject to customer protection by Gibraltar Investor Compensation Scheme (GICS), of up to €20,000 per customer, and a supplementary assurance from parent company bwin.party Holdings Ltd.
As the UK Financial Conduct Authority (FCA) has limited oversight over Gibraltar, a British Overseas Territory, and as Gibraltar Financial Services Commission (GFSC) is modeled after the FCA, it enjoys the flexibility of a smaller jurisdiction.
Is InterTrader a Reliable Broker?
InterTrader is the trading name of InterTrader Limited which is controlled and owned by GVC Holdings PLC. GVC is one of the leading and world’s largest multinational sports betting companies listed online. It is a gaming company and like many other gaming companies is also listed on the London Stock exchange.
Also, this broker is regulated and controlled by the Financial Service Conduct Authority from the UK. Since it is regulated by the Financial Conduct Authority (FCA), InterTrader maintains high-quality standards and flexibility that is needed by any of the jurisdictions.
Brokers like InterTrader offer security for its client funds and all the transactions are responsibly handled and secured. All the client funds are held securely in a segregated bank account as per the regulator’s rules.
Though InterTrader is reliable, it is recommended not to take this review as investment advice or investment recommendation. This review is for informational purposes only. Investors should do their own research before investing.
What is the Fee of InterTrader?
The financial brokerage firm InterTrader Direct charges a commission fee from the spread, which is the difference between the buy or sell price of a financial asset. The revenue earned by InterTrader is completely from brokerage services based on InterTrader broker reviews (on TrustPilot, Forex Peace Army) and has no conflict of interest with their clients.
As InterTrader firmly follows a 100% market-neutral operating model, most of the fees are received through spreads and commissions. When a user places a trade on their CFD or spreads betting account, InterTrader copies the same trade in the core market at zero trading costs.
This means that if the user earns an amount, InterTrader earns the same amount and in case there is a loss, InterTrader faces the same loss. And the amount lost may be compensated.
This business model practiced by InterTrader helps the forex trading platform to create a reliable trading environment as well as increase the chance of gaining profit.
InterTrader promotes traders from the United States and European Union by beginning the spread from 0.6 pips a big spread with limited mark-up; the commission is also on the moderate side, which is around 0.10%. Clients from the UK can also enjoy commission and tax-free trading by making a min deposit and then trading with their spread betting accounts. InterTrader Direct charges a low commission fee from the spread, which is the difference between the buy or sell price of a financial asset.
Top 100 UK
What Can be Traded With InterTrader?
Traders using InterTrader have access to numerous asset pools, and with the previous addition of Sigma Trading, DMA equity with options trading is also made available on most accessible assets. InterTrader’s Sigma Trading feature is one of the best in the industry today and is highly recommended by industry experts.
CFD and spread betting account users can choose from stock indices, individual shares, currencies, currency pairs (EUR/USD being the most popular with 0.6 pips per spread), commodities, bonds as well as special propositions by InterTrader, which consolidates grey market pricing on IPOs.
As per our InterTrader review, InterTrader extends over 337 distinct instruments to trade, including over 45 currency pairs like the major ones like EUR/USD and several more. Before you start trading forex, you can also compare its trading instruments and forex pairs with other forex brokers here.
73.19% of retail investor accounts lose money when trading CFDs and spread betting with this provider. CFDs are complex instruments and come with a high risk of you losing your money. You should consider whether you understand CFDs and if you can afford to take the high risk of losing money rapidly due to leverage. Risk capital only if you’re prepared to lose as many retail clients or retail trading account holders lose money when trading CFDs. Do not ignore any risk warning issued by the platform while trading even if you have a lot of experience and trading knowledge.
Our in-house team of analysts compiled all of the different types of options offered by InterTrader:
1) Forex Pairs: InterTrader offers CFD trading. The most popular of these forex pairs are:
2) Stock Indices: Besides currency pairs, popular stock indices and futures provided by InterTrader are:
- Wall Street
- UK 100
- US 500
- US Tech 100
- Germany 30
- Japan 225
- Hong Kong
- CAC 40
- EU Stocks 50
- Netherlands 25
- UK 100 Future
- DAX 30 Future
- US 30 Future
- S&P 500 Future
- US Tech 100 Future
- US Russel 2000 Future
- STOXX 50 Future
- Volatility index Future
3) Individual Shares: InterTrader users can trade in the following types of individual shares:
- UK CFD
- US Rolling CFD
- Germany Rolling CFD
- Gold spot
- Gold Fut
- US Crude spot
- US Crude Fut
- UK Crude spot
- UK Crude oil
- US Gas RBOB
- US Cotton
- Silver Fut 0.5
- Platinum spot
5) Interest Rates/ Bonds
- Euro-Bund Futures SB
- UK Long Gilt
- Euribor Future
- Short Sterling Futures
Some of the Advantages of InterTrader Spread Betting Broker
Let us discuss a few advantages offered by spread betting broker InterTrader –
Beginners or those who have very little experience in trading forex will be attracted to InterTrader. One of the most advantageous trading features is it allows the traders to place limit orders, and also this system enables the trader to trade with a minimum deposit and set limits for stop losses. The stop loss limits help keep losses under control and this increases the chances that the lost funds may be compensated. These are the factors which beginners consider as most attractive to trade on this trading platform.
As the broker is regulated by the FCA, the customer funds are segregated from the funds which are used for trading. Concerning customer education, trading platform Intertrader offers frequent webinars, to help the traders to learn about spread betting. It also helps the experienced traders to refresh their trading skills and helps them study the techniques that can be used for trading.
Furthermore, InterTrader offers a loyalty program, and a trader who is live on direct spread betting or a CFD holder can enter it automatically. This program offers a cashback scheme which increases when the trader frequently trades more. The high volume traders get 10% of the trading fees as a refund into their InterTrader accounts or bank accounts.
One of the major advantages of trading with InterTrader is, it is a part of the biggest online spread betting and gaming group, which implies that it will always be at par with the latest developments which are offered in the industry.
Account Types of InterTrader:
InterTrader being a popular financial brokerage firm, classifies its account types on the basis of different investment products or trading instruments a user wants to trade-in. The first step is to set up a brokerage account. Traders in the UK can open a Spread Betting account, whereas investors from other jurisdictions can opt for a CFD or a Forex account.
Users can indulge in margin trading as well. The margin requirements vary depending on the instruments that are being traded and the kind of trading accounts. The margin requirements at Inter trader can be found on the margin trading or FAQ section of its website.
The recommended minimum deposit for trading is 100 GBP/EUR/USD/PLN. Traders of the InterTrader platform are also offered a demo account after making a min deposit, to try out trading strategies before committing capital to trades in a live account. Traders also provided facilities to open a demo account for different web-based and MetaTrader 4 platforms.
InterTrader does not charge any deposit fees.
Documents Required to Set Up an Account With InterTrader
This broker is controlled and monitored by the Financial Conduct Authority. To successfully create an InterTrader trading account, every trader must pass a few basic but mandatory agreement forms to ensure that the trader realizes the risks of trading and should be allowed to trade. When a user creates a trading account, the following mandatory documents are required:
- A scanned colour copy of the user’s passport, driving license, or any other nationalized ID, a utility bill.
- Any nationalized bank statement of the past three months with the user’s residential address.
- Users creating a trading account will also be prompted to undergo some compliance checks by answering a few basic compliance questions. So, it is recommended to lay aside a few minutes to complete the account opening process.
- Though the trading platform allows users to explore the trading app soon after the registration process, this broker does not allow any user to begin trading until all the background compliance verification is finished, which might take several days, depending on the user’s location.
What Are the Available Trading Platforms of InterTrader?
Clients of InterTrader have access to the web browser based as well as MT4 platform and mobile apps and tablet-based Android and iOS apps. The special trading tools in the mobile app also facilitate traders while trading.
Cross-Platform Trading Charts: By the use of this world-class software, traders can easily combine advanced charting into their trading, which further helps traders to select graphs using numerous timeframes and coloring schemes. Further, users can also set alerts on specific market prices, trend lines, or technical studies.
Free Trading Tools: InterTrader includes many advanced trading tools accessible to traders for a good trading experience:
- Exceptional trading charts (IT-Finance)
- Cross-platform trading charts (NetDania)
- Trading signals from (Trading Central)
- Autochartist automated pattern analysis
- Technical analysis (Trading Central)
- Economic calendar (Econoday)
- Real-time market news (live squawk)
The web platform of InterTrader (www.intertrader.com) is customizable. It is designed for users with any experience level to easily learn and trade with a web account.
Account Opening Process
We get to know from our 2023 InterTrader review that the process to open an account with InterTrader is very easy and quick, besides accounts can be opened conveniently online. Like all other forex brokers or forex trading platforms, InterTrader also offers this standard approach.
The trader needs to provide basic information such as name, email address, and contact number on the website of www.intertrader.com. When this is done, the clients need to verify them by sending a copy of proof of residency and their ID documents to proceed further.
InterTrader does not ask for prior trading experience to open an account with Intertrader. The users should answer some questions to show that they understand the trading assets or products they offer and the risks that are associated with them.
After adding this information, the users need to add other information to verify the proof of residence and their identities. The traders need to upload the documents through a webcam or their phone’s camera or from an already saved file from their computer.
After sending the required documents, a verification link will be sent to the email address and the phone. Once it is verified, an account with Intertrader will be created for the trader.
The trader then needs to make a minimum deposit of funds through any of the deposit options or payment methods like bank transfers, credit cards or debit cards, e wallet etc. Users can then start trading as per his investment objectives or trade requirements.
Pros of InterTrader
- Trustworthy financial broker firm (InterTrader has a track record of scoring 75/100 in user rating).
- The extremely easy-to-learn website (www.intertrader.com), for traders of any experience level.
- Easily customizable web-based platform offers rewarding browsing experience and drawing tools; trading tools can be easily added to the desktop.
- Offers lucrative loyalty rebate scheme for joined spread costs of more than £500 a month (not available on MT4 accounts).
- This broker offers lucrative loyalty rebate scheme for spread bets and joined spread costs of more than £500 a month (not available on MT4).
- Supports as many as 16 different languages. English Intertrader is the most popular.
- InterTrader offers its trading services in more than 200 countries.
- Extremely professional customer support available throughout 24 hours on all days of the week. InterTrader also provides supports via phone call, live chat and email support in different languages.
- Multiple transfer methods like bank transfer, credit or debit cards, cheques, e-wallets, or any other payment provider.
Cons of InterTrader
- InterTrader allows trading of only Bitcoin and Ethereum.
- Demo accounts of InterTrader are not linked to live account
- Ticket feature can be sometimes difficult for some users
- Only set by a lower-tier regulator
- 73.19% of retail investor accounts lose money when trading spread betting and CFDs with this provider.
Best Trading Features of InterTrader Which Sets It Apart From Other Similar Platforms
Platform and Apps: As found in numerous automated trading platforms, InterTrader provides a user-friendly custom web-based platform with a downloadable PC based application or a cloud-based Web Trader. InterTrader also provides easy to use secure mobile trading apps for Android and iOS, which further facilitates users to execute trades on the move.
Executing Trades: Not all brokers like InterTrader offer ECN and STP execution, but InterTrader does. As a result, users can expect very tight spreads with more clarity regarding the amount a user is paying to execute trades with a true value for money.
Client Support: According to InterTrader review, InterTrader (www.intertrader.com) supports a wide range of languages, including German, French, Spanish, and English, among few. InterTrader also boasts about its world-class customer service, which is available 24/7 via phone call, live chat, and email.
Final Thoughts on InterTrader
From InterTrader reviews circulated all over the internet (eg. TrustPilot, Forex Peace Army) and social media, we conclude that InterTrader is a trusted online trading platform that operates under strict administrative provisions of the Financial Conduct Authority. The firm functions on the No Dealing Desk (NDD) business model.
Further, not all brokers like InterTrader offer the best security features for retail investors and their trading accounts accessible through the Gibraltar Investor Compensation Scheme (GICS). InterTrader is backed by bwin.party holdings LTD, which ensures 100% insurance in case of any highly unlikely a problematic situation. It is no longer associated with London Capital Group.
InterTrader is driven by an excellent management team, as apparent by its strategic finance market acquisitions, while the firm’s market-neutral operating model guarantees that there is no conflict of business and rewarding trading opportunities are not missed.
The exclusive automated trading platform provided by InterTrader contains numerous trading tools that make research & market analysis easier and help traders if they would like to make money in good amounts.
The application also provides trading signals, research & education, as well as real-time news through third party sources, which further creates an edge for traders with any level of experience. Brokers like InterTrader offer transparency, exceptional security, and a world-class trading environment for all types of traders and portfolios. Traders can also set stop loss limits as per their financial or trading conditions.
Information contained in this Intertrader review is for informational purposes only. Please do not consider this as investment advice. Do your own research and analysis before investing with this platform.
1. Does InterTrader provide any bonus to traders?
Ans: The welcome bonus of this broker can go as high as 10,000 GBP trading credit. InterTrader also offers friend referrals where users can earn 1000 GBP in the form of trading credit. The financial services investment firm offers a rebate bonus of 10% on spread betting when investors trade over a certain amount which is known as the loyalty bonus.
2. What are the funding methods provided by InterTrader?
Ans: InterTrader only accepts transfer methods/funding methods that are secure as per the InterTrader review 2023. Users can choose payment methods like direct wire bank transfer, credit cards or debit card, cheques, e-wallets, or any other payment provider. Deposit and withdrawal from InterTrader can be done using any payment method mentioned above.
The financial firm allows traders to transfer over MasterCard, which is free for citizens of the UK. But for international traders, a nominal charge of 20 GBP is made mandatory (for sums under 1000 GBP).
3. What are the various trading options provided by InterTrader?
Ans: InterTrader provides an InterTrader Webtrader account and an MT4 account.
4. How can a trader contact InterTrader?
Ans: Traders trading at InterTrader platform can contact customer care executives by sending an e-mail, via instant live chat, posting queries in their forums or calling their customer support team via telephone.
- Trustworthy financial broker firm (InterTrader scored 75/100 in user rating)
- The extremely easy-to-learn platform, for traders of any experience level
- Easily customizable platform; tools can be easily added to the desktop
- This broker allows trading of only Bitcoin and Ethereum
- Demo accounts of InterTrader are not linked to live account
- Only set by lower-tier regulator