InterTrader Review
Overview
Company Information Time to present one of the fastest growing businesses in the financial world and namely InterTrader. It’s a private corporation with a fascinating history and numerous successes in… more
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| Broker | InterTrader |
|---|---|
| Website URL | http://www.intertrader.com/ |
| Founded | 2009 |
| Headquarters | London, United Kingdom |
| Support Number | +44 203 364 5189 |
| Support Email | support@intertrader.com |
| Support Types | Phone, E-mail, Live Chat, Call Back |
| Languages | English, French, Bulgarian, Spanish, Polish |
| Minimum Trade Amount | 1 lot |
| Free Demo Account |  |
| Regulated | |
| Regulation | Financial Conduct Authority (FCA) |
| Deposit Methods | WorldPay, Credit/Debit Cards, Skrill, Bank Wire |
| Withdrawal Methods | WorldPay, Credit/Debit Cards, Skrill, Bank Wire |
| Types of Assets | Forex, CFDs, Stock Indices, International Shares, Commodities, Oil, Metals |
| Account Currency | USD, EUR, GBP |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
Time to present one of the fastest growing businesses in the financial world and namely InterTrader. It’s a private corporation with a fascinating history and numerous successes in the branch. The brokerage provider is a UK based business offering CFDs, Forex trading and spread betting. It was founded in 2009 by PartyGaming plc, but just a year later it became part of Bwin.Party Digital Entertainment. Although the main headquarters of InterTrader are stationed in the UK, the company has expanded its base of operation significantly and nowadays it is extremely active in Spain, Germany, and France. In 2011, the online broker won a very prestigious award – Spread Betting Operator of the Year from eGaming Reviews Awards. It’s a tremendous achievement for such a young company and luckily for InterTrader, the trend continues. Later on in 2013 and 2015, the company wins Best Value for Money Award, which gives it a substantial boost in reputation and makes it one of the leading European brokers. Today InterTrader is still a top choice for many traders, and it’s entirely regulated institution by the FCA (Financial Conduct Authority). The actual brand is currently owned and operated by London Capital Group, also known as LCG.
Trading Information
The online broker employs one of the traditional business models – NDD (No Dealing Desk). InterTrader offers a large number of financial instruments with tight spreads, which are also fixed on most of the markets. Forex pairs spread start from 0.8 pips on the major currencies. There are also indices and commodities with excellent trading conditions and the environment. CFDs on US and UK shares are also available with commissions as low as 0.08% per side. The maximum leverage applied on all the offerings is set to 1:200. Traders who like to use automated trading schemes (EAs, for example), hedging and scalping strategies will be happy to learn that the company allows all of them. For the beginner traders, there are various educational materials, videos and webinars, as well as regular market analysis to aid their trading routine.
InterTrader doesn’t use the standard convention for trading accounts used by many other competitors. However, there are in fact different profiles employed by the broker. The only difference is access to the financial instruments of various types. For instance, MT4 accounts and Forex market trading is allowed through one profile type, and the rest of the services are provided by another kind of profile.
Trading Platforms
InterTrader has a lot to offer when it comes to trading platforms. The European online broker provides a well-equipped trading software that can be accessed right from the client’s browser. InterTrader’s web-based platform is designed to support various research tools, news feeds and advanced charting from IT-Finance. The trading software can be used only for CFDs trading and spread betting. Of course, there are excellent trading solutions available for mobile devices. The company offers two application easily downloadable for iOS and Android. They make it perfectly easy to execute orders on the go and monitor any existing trades.
Nowadays any big name in the industry can’t go without the globally recognized trading platform MetaTrader 4. InterTrader is no exception and MT4 is perfectly integrated into their trading system. The software will allow traders to access various markets and register a separate account through InterTrader Direct.
Security and Customer Services
As a respected financial institution, the brokerage provider has a high-security standard. There is a strong SSL encryption employed on every login/register page. It is issued and certified by a leading security company – Thawte. Also, clients should not be worried for their funds, because InterTrader is well-regulated the company, which is also part of the GVC family. The organization is one of the most financially stable holdings in the world with estimated capital of £1.4 billion.
Customer services are considered top notch by many. Every client, who needs adequate help or information, can easily get in touch with the broker’s representatives. The usual communication channels are email, phone or web contact form. Take note that customer service working hours are employed, and currently they are from Sunday 11 PM to Friday 9:15 PM GMT. Various European languages are supported, and customers are encouraged to contact via phone.
Deposits and Withdraws
When it comes to money transfers, InterTrader keeps it as secure and efficient as possible. Their usual funding options are not presented here. Alternatively, clients can deposit cash via three different ways: through their trading platform, by calling a representative of the company or via direct bank transfer (only in GBP, USD or EUR). All the money are handled according to the FCA’s policies, and the customer is free to withdraw any sum whenever they wish. There are some extra charges when a deposit is made via credit/debit card (2%), bank wire transfer (bank’s taxes apply) or Skrill (1% with a maximum of £10). There is also a processing time, which is quite extended on bank transfers and payments via cheque.
Deposit Bonuses and Loyalty Program
InterTrader introduced some exciting bonuses for new clients and especially for the beginner traders. The first fantastic offer is a free £100 welcoming reward for customers, who decide to switch from Demo account to Real one. The only requirement is an initial deposit of £500 and a total trading volume of £100 in 90 days. In addition to the lucrative proposal, there are more bonuses. First-time deposits are also rewarded with 10% extra funding, which can go up to £10 000. The minimum amount eligible for the deposit bonus is £500. The required trading volume to unlock the bonus money is the bonus itself multiplied by 2. For example, if the client has made a deposit of £5000, the bonus is £500, and the required trading volume is £1000. As simple as that.
Existing clients are not forgotten. They can easily participate in an exclusive loyalty program called TradeBack. The rules are simple. At the end of each month, the customer can earn up to 10% back of the trading costs during the month.
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