InterTrader is spread betting, CFDs and forex trading broker regulated by the Gibraltar Financial Services Commission and registered with the Financial Conduct Authority. This makes it very interesting for different types of traders who wish to trade against the market, and not their broker (or at least they claim so). Traders all over the world get a chance to experience the world of financial trading in a regulated environment and with a free demo account they can use without making a deposit.
Make sure to check out our InterTrader broker review to find out more not only about trading conditions, but customer support, platform and trading features as well.
Account Features
InterTrader, just like many other brokers dedicated to providing forex and CFD trading service is offering real trading account and demo account.
Real Trading Account
Real trading account with InterTrader serves one purpose only – placing real trades and orders. This means that upon the registration, you will have to make a deposit in order to start trading. You can make the real profit, but there is also real risk involved. There are two types of this account
- MT4 account
- Account for web-based platform
The main difference between these two is the fact that MT4 account doesn’t feature the TradeBack feature and shares trading, while web-based trading account is not supporting web advisors, and FIX API.
Demo Trading Account
Demo trading account is also available via MT4 platform or web based platform. Traders can use it to practice and test not only the trading platform, but their trading skills as well. We strongly suggest you take a look at the demo platform, as only so can you get a better image on what trading experience with this broker looks like.
InterTrader Trading Credit
InterTrader trading credit is heavily advertised on their website. It is a form of a bonus that can be added to your account. It is 10% of your first deposit over 500 GBP (in the first 6 months) and can be up to £10,000. However, it is not free money given out for grabs as it comes with certain terms and conditions. All traders who participate in this promotion will have to place the trades with a stake of at least double the credited amount. For more information, make sure to read full terms and conditions. There are several documents regulating broker’s and traders’ relationship in this case, so prepare yourself.
InterTrader TradeBack
InterTrader TradeBack is a special loyalty program. Traders who trade over a certain amount get a 10% rebate. The rebate is calculated in the following way:
- Based on the total spread fees
- Based on the total commissions you paid in a month (for equities trading)
If you are not sure what your rebate will be, you can always use a special calculator available on the website. Basically, there are 3 tiers available:
- Silver Tier (5-1999 GBP) – 5% rebate
- Gold Tier (2000-4999 GBP) – 7.5% rebate
- Platinum Tier (5000+ GBP) – 10% rebate
Trading Software & Assets
As you probably noticed in this InterTrader review, this broker offers you web-based and MT4 trading platform. Web-based platform is accessible from any device that supports modern internet browsers, while MT4 can be accessed only from a device that has it installed. This is a safer option, but not so convenient. There is also InterTrader app for both Apple phones and Android phones. Make sure to check out your app store for the proper version that will suit your device. InterTrader mobile app will allow you to trade on the go. This is very convenient, especially if you are usually using MetaTrader4 that is available on desktop computer only.
You can also try automated social trading with ZuluTrade. Social trading is the next big thing as it allows you to easily copy the moves the most successful traders are making. Benefit from other traders’ knowledge and make sure to utilize trends on the market. ZuluTrade supports a great variety of tools and features and allows you to become top trader (or a trading guru) that can also profit from their own right moves.
InterTrader Free Trading Tools
InterTrader is mentioning several free tools you can use with their platform:
- Advanced trading charts from IT-Finance
- Cross-platform trading charts from NetDania
- Trading signals from Trading Central
- Autochartist automated pattern analysis
- Technical analysis from Trading Central
- Economic calendar by Econoday
- Real-time market news from livesquawk
All these are available with the web-based platform.
Support Information
Traders who decide to make a deposit with InterTrader can count on several types of customer support available. For example, they can use live chat for easy and straightforward communication. If you want to chat you will have to provide them with your name and email, but we are happy to say how the reply to our question was almost immediate. We didn’t wait longer than a few seconds for an agent to respond our request. There is also a post box, as well as phone number and online form.
When it comes to education, we can say that InterTrader put a lot of effort into it. You can attend free webinars, check out the glossary and FAQ’s and a blog called Smart Trader. All this can help you understand the world of CFD trading much better. However, if you are a beginner, focus on webinars to get a complete image of what CFDs trading is all about.
Banking & Company Information
Minimum deposit with InterTrader is 100 GBP. Minimum withdrawal is 50 GBP. When it comes to depositing methods, InterTrader supports
- Credit cards
- Skrill
- Bank transfer
The account can be funded in following currencies: GBP/EUR/USD.
All withdrawals that are less than 1000 GBP are charged with a 5 GBP fee. Bear in mind how there might be 3rd party fees as well, especially in case of bank transfers. Also, exchange rate might affect the total amount you receive on your account in case you don’t have an bank account in GBP/EUR/USD. Make sure to check out Skrill fees as well.
InterTrader is owned and operated by GVC Holdings PLC. It is regulated by the Gibraltar Financial Services Commission and registered with the Financial Conduct Authority in the UK, ref 597312.