InterTrader Review

Overall, InterTrader is very competitive in terms of its trading fees and spreads. InterTrader is well regulated through the Gibraltar Financial Services Commission and has limited regulation from the Financial Conduct Authority (FCA). Their spread is fair compared to other regulated brokers and there are no hidden trading fees, and commissions with the accounts on offer.

InterTrader at a glance

Overall Rating

• 2.6/5

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OPEN AN ACCOUNT

Min Deposit

USD 500

Regulators

FCA

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

InterTrader Review Revealed – A Key 20 Point Quick Overview

1. InterTrader at a glance
2. InterTrader Overview
3. InterTrader Sign-up Bonus
4. InterTrader Referral Bonus
5. InterTrader Minimum Deposit
6. InterTrader Account Features
7. How to open an InterTrader Trading Account – Step by Step
8. InterTrader Demo Account
9. InterTrader Islamic Account
10. InterTrader Fees and Spreads
11. InterTrader Deposit fees and deposit methods
12. InterTrader Trading Platforms
13. InterTrader vs INGOT Brokers vs Forex.ee – A Comparison
14. Top Countries by Similar Web – InterTrader
15. InterTrader Current Popularity Trends
16. InterTrader Review Pros and Cons
17. InterTrader Customer Review
18. Final Thoughts
19. Disclaimer
20. Frequently Asked Questions

InterTrader Overview

Established in 2009, InterTrader is a UK-based STP and NDD broker that offers the trade in a variety of financial instruments, spread across several asset classes. InterTrader is known for offering comprehensive trading solutions that consist of social trading opportunities, Trading Central, AutoChartist, RANsquawk, and several others.

In addition to offering forex and CFDs, InterTrader also offers spread betting to UK residents. InterTrader is owned and operated by GVC Holdings plc, which is a popular and reputable sports betting and gambling company based in the United Kingdom.

GVC is a company that is publicly traded on the London Stock Exchange (LSE) under the symbol LSE: GVC, and in addition, GVC also forms part of the FTSE 250 index. InterTrader is known for its outstanding service record of accomplishment.

Over the past few years, InterTrader has grown remarkably and since the beginning of the year, InterTrader has capitalized on more than 5 billion GBP. InterTrader also has a history of winning several industry awards that further prove InterTrader’s excellent service.

InterTrader Sign-up Bonus

InterTrader does not offer a sign-up bonus. Traders who register a new real account are not provided with a sign-up bonus, deposit bonus, or a welcome bonus to get them started with InterTrader.

A broker bonus such as either a welcome or a deposit bonus grants traders trading credit to start trading, freeing them from having to use their own capital for a while. However, despite the lack of sign-up bonus currently, there may be other rewards, and promotions being planned. Traders are urged to either sign up for the InterTrader newsletter or to check the website for updates.

InterTrader Referral Bonus

InterTrader does offer a referral bonus to either new or existing clients in a form of Partnership and Affiliate programs.

A referral bonus is the best way for brokers to spread the news about their comprehensive services and solutions. Traders who register a real account, or who have an existing real account, can invite friends and family to register with InterTrader by sharing their unique code or link.

Partnership/Affiliate Program

Once the referral has registered a real account, they will be required to make a certain minimum deposit. There may also be additional requirements such as the trading of a certain volume before the trader and the referral can get their reward.

Traders who opt for this broker bonus must ensure that they understand the terms and conditions associated with the bonus before they use this promotion.

InterTrader Minimum Deposit

InterTrader charges a minimum deposit amount of 500 USD. The minimum deposit that InterTrader requires is equivalent to 8 000 ZAR at the current exchange rate between the US Dollar and the South African rand, at the time of writing.

InterTrader Account Features

InterTrader offers two distinct account types namely a Spread Betting and CFD Account. The features that traders can expect are comprehensive and discussed in detail below.

Market Instruments

When trading with InterTrader, traders are granted a wide selection of instruments. Spread betting as well as CFD trading involves the trade in shares, forex, indices, bonds, commodities, and interest rates. InterTrader offers Rolling Daily contracts that will routinely roll over from one day to the next. This also includes Rolling Futures, which are set to expire on a certain day, at a certain time.

Spread betting is very flexible and it offers traders countless online execution. Spread betting offers traders with access to thousands of global markets relating to commodities, forex, shares, and indices, with InterTrader, traders can expect some of the following features when spread betting:

When traders make a margin deposit, they are granted access to CFDs which include Crypto, forex, indices, and several others. The features that traders can expect with this are the same as indicated above, with the following added benefit:

Another bonus that professional traders have is that they can use DMA execution as well as phone dealing on equities, provided through the InterTrader Black Service.

How to open an InterTrader Trading Account – Step by Step

Setting up a live account with InterTrader is an easy and straightforward process that consists of the following steps:

🟢 Step 1 – Traders can navigate to the InterTrader website

Select the option to “Create Account”. Traders must note that they must complete the entire account application to gain access to the live account.

🟢 Step 2 – Choose between a Web account or an MT4 account

A new page will load, and the trader will be given a choice between the InterTrader Web and MT4. The features of each of these will be given and traders can select based on their preference.

🟢 Step 3 – Provide Personal details

Once the trader has selected, an online application will load and the trader must provide personal details relating to their First and Last Name, email address, mobile number, and chosen password

🟢 Step 4 – Personal Details

Next, traders must provide their title, gender, and birth date, and confirm their mobile number. In the next section, traders must provide their nationality, confirm whether they have a second nationality, and indicate their home address details.

🟢 Step 5 – Provide Home Address

The following steps require traders to provide their home address, postal code, country, duration at the address, account, and trading currency of choice.

🟢 Step 6 –  Employment Details 

Traders are required to provide their employment information such as employment status, annual income, liquid assets as well the country of residence for tax purposes.

Click “Continue” to proceed.

🟢 Step 7 –  Trading Experience

InterTrader requires traders to provide information on spread betting, CFD trading, FX, Shares, and Options. Traders are also required to provide information on occupation experience and leverage derivatives.

Click “Continue” to proceed

🟢 Step 8 –  InterTrader Declarations

The next step requires traders to the confirm age requirements, accept the terms and conditions, risk warning as well as the order execution policy of InterTrader

🟢 Step 9 –  Upload documentation

Once the registration process has been completed traders will be required to upload documentation such as the trader’s proof of address and proof of identity to complete the process for approval.

InterTrader Demo Account

InterTrader offers traders the use of a demo account. This account can be utilized in several ways, including:

InterTrader offers traders the use of MetaTrader 4 through which they can access the demo account. MetaTrader 4 is a popular, reliable, and user-friendly trading platform used by millions of traders in the industry.

InterTrader Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive. Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

InterTrader Fees and Spreads

InterTrader aims to offer traders the most competitive trading conditions that consist of the best spreads, lowest commissions, and reasonable non-trading fees. The charges that traders face when trading shares are included in market spreads, subsequently taken as commission for UK and EU share CFDs.

Professional traders with InterTrader can also reduce their trading fees through the unique TradeBack promotion that is provided. With this, InterTrader gives traders the opportunity to receive an automatic rebate regardless of what the trader has earned. This is if the combined spread is over 500 GBP during the month.

The spread list that traders can expect when trading with InterTrader is as follows:

InterTrader Deposit fees and deposit methods

InterTrader does not indicate any deposit fees charged on any of the following deposit methods:

When making deposits, traders have a choice between three deposit currencies namely:

▶ GBP

▶ USD

▶ EUR

▶ ZAR

Traders who use any other currencies may be subjected to conversion fees that may be deducted from their trading accounts. Some deposits may reflect instantly whereas others, especially those made through bank wire, may take several days to reflect. Traders must ensure that they make deposits from an account that reflects the name in which they registered their live trading account. This is a result of AML procedures that prohibit InterTrader from accepting third-party payments.

InterTrader Trading Platforms

InterTrader offers its customers a choice between two very popular trading platforms – the Web-based platform and Metatrader4. With these platforms, the company provides free research tools and tips on how to maximize funds.

InterTrader’s Web-based platform offers a web-based No Dealing Desk platform for both CFD trading and spread betting. This means that order execution depends on market liquidity and trading takes place in a transparent way with no requotes and no dealer intervention.

A clear overview of a customer account is provided with all its trading positions as well as access to countless markets. A ticket can be called up for any one of these thousands of markets. Traders can just choose to buy or sell at the current live price.

MetaTrader4

MetaTrader4 is one of the world’s most popular platforms for trading. This platform provides more than 30 technical indicators used to test trading strategies and to apply to historic and live market data. Customers can choose between InterTrader’s customized Direct MT4 terminal and the classic MetaTrader4 platform.

Expert advisor programs can be added to the platform to automate trading processes as well as specific analytic processes, live orders can be sent automatically and custom indicators can be added.

InterTrader vs INGOT Brokers vs Forex.ee - A Comparison

Top Countries by Similar Web - InterTrader

InterTrader Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “InterTrader” is entered into Google’s search engine over a given period of time.

InterTrader Review Pros and Cons

InterTrader Customer Review

3 years no problems…

Best there is out there no problems for more than 3 years, thank you InterTrader. – T

Good CFD and spread betting options

Good CFD and spread betting options are offered, but there is an absence of customer support – Ali

Affiliate and Partnership program on the website – Check it out

I enjoy the opportunities to earn an income through Partnership programs offered by forex brokers – Dana

You might also like: InterTrader Account Types

You might also like: InterTrader Demo Account

You might also like: InterTrader Sign up Bonus

You might also like: InterTrader Fees and Spreads

You might also like: InterTrader Minimum Deposit

Overall Rating

• 2.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 500

Regulators

FCA

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Final Thoughts

Overall, InterTrader is a popular and safe bet for beginner and experienced traders. The company offers a wide selection of options to increase funds and customer services are reliable. With InterTrader’s Referral Program, customers can claim up to $1 000 (16 000 ZAR) in trading funds when they refer new traders to the company.

InterTrader is committed to providing the best trading options and services to its customers, alongside the research tools, understanding, and support they need to reach their goals. As such, InterTrader looks after its customers, protects customer funds, and conducts business with integrity and transparency, making it a safe and reliable broker to trade with.

Disclaimer

Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Customers should consider whether they understand how these products work and whether they can afford to take the high risk of losing their money, according to research in South Africa.

Frequently Asked Questions

Is InterTrader a fake or scam broker?

No, InterTrader is not a fake or scam broker as it adheres to regulation by the Financial Conduct Authority in the UK, who is one of the strictest regulaters in the world.

Which Platforms are supported by InterTrader?

InterTrader offers the infamous MetaTrader4 platform.

For which type of trader is InterTrader best suited?

InterTrader caters to both beginner and advanced traders.

What is the overall rating of InterTrader?

InterTrader holds an overall rating of 5/10

What type of broker is InterTrader?

InterTrader is a CFD and Spread betting broker