InterTrader Review
- Multiple trading platforms
- Low fees and commissions when compared to other brokers
- Multiple customer support channels
- Restriction for traders from USA and some other countries
- Spread betting is only available to UK customers
Intertrader is an online broker that offers spread betting and CFD trading on shares, indices, forex, commodities, rates and bonds. The company was established in 2012 claim to offer market-neutral executions on all orders. This means that they lose when the trader loses and make a profit when the trader makes a profit, as opposed to the market maker model where there is an inverse relationship between broker and trader as far as trade outcomes are concerned. Intertrader Ltd is owned by GVC Holding Plc, a multinational sports betting and gaming group listed on the London Stock Exchange. The office address is located at Suite 6, Atlantic Suites, Eurosport Avenue, Gibraltar.
The official website is available in English, Spanish, French, Thai, Vietnamese, and Latin America.
Trading platforms
Intertrader offers a number of trading platforms. They include a web-based trader, MT4 and ZuluTrade’s social trading platform.
Web-Based Platform
This is the browser-based platform that uses the “No Dealing Desk” model designed by Intertrader. This platform is good for spread betting and CFD trading. You can place a trade using the trading ticket for any market. The trades execute very fast on the 100% market neutral execution policy of Intertrader. The platform is customizable to the needs of and style of the trader. You can easily set up multiple watchlists and switch between popular markets. There is free access to a range of news and research tools like trading signal from “Trading Central”, auto technical analysis from “Autochartist” and audio news service from “Livesquawk”.
Meta Trader 4 (MT4)
This is the very popular retail FX trading platform. It has very fast execution times across multiple devices. A wide range of instruments are available for trading on different exchanges. MT4 has a vast range of tools for technical analysis and charting. Automated trading with Expert Advisors is enabled on this platform. MT4 is also available on android and iPhone.
Mobile Trading App
This app gives access to trading on the go. It connects to thousands of global financial markets to place trades. You can open a live or demo account directly from this platform. This app is available on android and iPhone which is downloadable from their respective stores.
ZuluTrade
Intertrader integrates with ZuluTrade to enable social trading. Intertrader account holders connect with other traders worldwide in order to copy trades from trading experts.
Exchange Markets
The “No Dealing Desk”model by Intertrader involves direct dealing with the markets without dealer intervention. The trader connects to thousands of US, UK, European and Asian markets round the clock in order to in order to place trades. Major world indices are available for trading. Some of them are UK 100, US Tech 100, Germany 30, France 40, etc.
Commodities like coffee, cocoa, sugar, etc are available. Cryptocurrencies available are Bitcoin and Ethereum. Interest rates and bonds can also be traded on the platforms.
Fees and Commissions
Intertrader makes their profits from spreads and commissions. They offer very competitive spreads. For the EUR/USD currency pair, the spread is 0.6 pips. Commissions are charged on CFDs. But the charges are low e.g. 0.1% is charged for UK shares. Swap fees are charged on accounts with open positions at 9:00pm UTC.
Security and Fairness
Intertrader is regulated by Gibraltar Financial Services Commission and the Financial Conduct Authority (FCA) in the UK. The regulatory requirements include segregation of funds and Intertrader complies with this directive. Clients fund is also protected by the Gibraltar Investor Compensation Scheme which guarantees up to 90% of traders funds in the case of broker insolvency. The guarantee is capped at €20,000.
The website is protected by a 128bit Secured Socket Layer (SSL). This means that all info entered into the website is encrypted during transmission.
Intertrader is also fair on their clients. They show this by providing trading charts, multiple platforms and ZuluTrade, which enables social trading. They also provide “risk free” demo trading and “No Dealing Desk” policy.
Support
“Intertrader Support” is a section of the website arranged in a group of Questions and Answers. Several questions normally asked by users are answered comprehensively. This is very useful to prospective client and website visitors. The support team are available from Mon to Fri 24/5.
Instant chat facility is available on the website within the support hours. A customer care staff is available for chatting. Phone numbers for support are provided.
They also encouraged the website visitors to send them a mail and they provided a postal address. An email address was provided for email support as well.
Call Back Request is also available where the inquirer fills a form and requests a member of Intertrader to call back at his convenience. Social media support is also available on Facebook, Twitter, LinkedIn, and Google+
There is equally a support team for education on the website and they provide webinars, videos and training support.
Conclusion
Intertrader is definitely a legitimate online forex and CFD broker. The brand is regulated by both the FCA and the GFSC. Intertrader’s Webtrader is sophisticated and packed with a lot of features. They also support mobile trading with full analysis charts and useful trader tools. Their charges are low when compared to other brokers. They provide direct dealing with the several markets across the globe, thereby, giving access to a multitude of trading instruments. So, intertrader is a good broker and very reliable.
Intertrader Q&A
The following are the common questions many customers asked about Intertrader.
Is Intertrader regulated?
Yes, it is regulated by the Financial Conduct Authority (FCA) in the UK and the GFSC in Gibraltar.
Is Intertrader a scam?
Intertrader is a legitimate broker that is fully registered and regulated.
Where is Intertrader based?
Intertrader’s head office is located at Suite 6, Atlantic Suites, Eurosport Avenue, Gibraltar.
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