InterTrader

InterTrader Broker Review

InterTrader is an established, popular and credible destination for no dealing desk forex trading. With InterTrader, traders have the option of opening a free demo trading account on either their web-based platform or on the MetaTrader4 platform. InterTrade is part of the multinational sports betting and gaming group GVC. It offers forex trading which is secure, innovative, and affordable. All of the forex trades are conducted against the market and not against the trading platform.

InterTrader.com is also known as InterTraderDirect.com. It’s a CFD broker that’s registered in Gibraltar, priding itself on never trading against its clients. InterTraderDirect has a ‘No Dealing Desk.’ The Gibraltar Financial Services Commission (GFSC) regulates and authorizes InterTrader, as well as the Financial Conduct Authority (FCA) of the United Kingdom with which it is registered with the reference number 597312. InterTrader’s segregated accounts protect all of their registered clients. Also, client money protection is covered by the Gibraltar Investor Compensation Scheme (GICS).

Tradeable Assets

At InterTrader, traders can find a vast range of financial instruments for trading, including FX pairs, indices, commodities, and stocks. There is a highly populated list of assets available across the trade types, which includes indices from 14 countries, 1,000s of various shares from all leading exchanges, 66 currency pairs that are tradeable around the clock, commodities including energies, soft and metals, interest rates, and bonds.

Account Types

InterTrader has multiple account types available, include Spread Betting, CFD, and FX Trading accounts.

Both CFD trading and spread betting are forms of margin trading where traders can go long or short of the underlying instrument without needing to make a physical purchase. Traders can trade the same range of markets at the same prices on the MT4 platform, no matter if the account is a spread betting or CFD account. Something to note is that spread betting at InterTrader Direct is just available to clients from the UK.

With the spread betting account, traders can gain leveraged exposure to price movements without needing to buy anything physically.

The spread betting account makes use of a transparent ‘per point’ profit/loss systems that are applied to indices, Forex, and commodities. At InterTrader, there is one mechanism that covers all market types.

The CFD account offers a flexible and cost-effective way of trading financial markets on margin. Instead of purchasing or selling the underlying instrument, a trader can buy or sell a contract which replicates the profit or loss of the intended trade, putting down a fraction of the total contract value. It allows for a considerable amount of leverage.

At InterTrader, there are 46 major and minor Forex pairs, with a leverage of 100:1. When you trade indices and commodities, there is a permitted leverage of 200:1.

InterTrader offers a demo account for testing the InterTrader service on the MT4 platform. This demo account is available for spread betting or CFD trading. It also covers indices, commodities, and Forex.

Type of broker

InterTrader is a no dealing desk broker who offers trades with 100% market-neutral order executions.

Platforms

InterTrader has two standard platforms available, including the web-based platform and MetaTrader4. The MT4 platform is compatible with Windows, Mac, iPhone, iPad, and mobile devices. Traders can enjoy these features: charts, market commentary, automated trading options, trading signals, charting packages, hedging, guaranteed limit orders, mobile trading, one click execution of trades, demo trading account, and more.

InterTrader’s web-based platform is 100% market neutral, meaning that traders are mirrored in the underlying market with no risk against the trader. Also, the trading platforms feature a  range of trading tools, including live audio feeds, trading signals, research tools for both beginners and advanced traders, and more. The MT4 platform has 30 technical indicators for live and historic data. There are also expert advisors that are available for helping traders in all their FX dealings. The MT4 platform offers a free demo trading account for Android, iPhone, Mac, and PC-based users.

InterTrader Mobile Trading

Bonus

Both new and existing traders at InterTrader are privy to their generous range of offers. The promotional offers include an up to  £10,000 welcome credit when joining the brokerages and a friend referral bonus that is as high as {currency}1000 in trading funds. Also, InterTrader offers a loyalty program under the name TradeBack, whereby spread betting traders can earn a reward with a rebate of up to 10% of trading costs when trading over a certain amount. You can find all details of the offers on their website.

Deposit Options

InterTrader offers the following payment methods:

• Credit and debit cards
• Bank wire transfer
• Skrill

Withdrawal Methods

You’ll need to access your account from the web-based platform to withdraw funds from your InterTrader account. All the funds need to be returned to the method you used to make your deposit. All the withdrawals are processed and refunded usually within 24 hours. Refunds cannot be made to MasterCard.

Customer Support

The Markets are open for trading between Sunday 23:00 to Friday 21:15. Forex trading is available 24 hours a day during the trading week. Some indices are quoted outside market hours. InterTrader’s customer support is available by phone from Monday to Friday, 8:00-21:15 UK time. You can also reach the support department via email and online chat. The website is available in English, Polish, Russian, Spanish, Chinese, and French.

Ease of Use

While InterTrader is hindered slightly by its lack of platform flexibility, which presents only a browser-based option, it’s nonetheless regarded as one of the most customer-friendly brokers on the market. Its support system is second to none. The InterTrader interface is easy to use, and you can reach the support team throughout the day, making InterTrader a viable option for new traders.

Why Trade at InterTrader

InterTrader holds the gold standard when it comes to licensed, regulated and established UK Forex, CFD and Spread Betting entries. InterTrader has a substantial following of traders and it is internationally respected by its competitors all over the world. There is a broad range of financial markets available at InterTrader to clients. Their financial markets include all the major asset classes and more. Overall, the range of bonuses and promotional offers are extensive. The platform also has impressive educational tools. Traders can find expert advice, articles, commentary, and webinars. InterTrader’s mobile trading apps are ideal for traders who are looking to trade while on the go, with market neutral execution. There is also free demo accounts available for traders.

To see how InterTrader ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.