Our Review Method

Our comprehensive review process involves a thorough evaluation of InterTrader’s services, focusing on its regulatory standing, technological solutions, pricing, platforms, customer support, and overall reliability. After comparing over 1000 brokers, we provide an unbiased and detailed analysis to help traders make informed decisions.

What is InterTrader?

InterTrader is a reputable Forex and CFD broker based in the UK, offering a broad selection of financial instruments including shares, stock indices, Forex, commodities, and more. The broker operates with a No Dealing Desk (NDD) model, ensuring transparent and efficient trading conditions. InterTrader provides access to the popular MetaTrader 5 platform and also offers mobile trading, making it a flexible choice for traders seeking fast, real-time access to the markets.

Pros and Cons

Pros:

• Easy account opening process

• Flexible trading conditions

• Cutting-edge technological solutions

• Low spreads

• Social trading availability

Cons:

• No 24/7 customer support

• Limited educational resources

• Restricted range of trading instruments

Overall InterTrader Ranking

InterTrader is a reliable broker offering a transparent and secure trading environment with a wide range of instruments and competitive spreads. The broker excels in customer service and platform technology, but it has limitations like a lack of 24/7 support. Based on our comparison with over 1000 brokers, InterTrader earns a ranking of 4.3 out of 5.

Is InterTrader Safe or a Scam?

InterTrader is a legitimate and regulated broker, authorized by the UK’s FCA and GFSC (Gibraltar), ensuring a high level of client protection. It operates under the regulation of these top-tier authorities, instilling confidence in its services. The broker is also part of GVC Holdings, a company listed on the London Stock Exchange. Our Trust Score for InterTrader is 4.5 out of 5, confirming its strong reputation.

How Are You Protected?

InterTrader follows strict regulatory measures to protect client funds, including segregating funds into separate accounts. Clients are also covered under the Gibraltar Investor Compensation Scheme (GICS), up to €20,000 per client. Additionally, the broker provides Professional Indemnity Insurance up to £1 million through Lloyd’s of London, adding an extra layer of security.

Leverage

Leverage at InterTrader is regulated by the FCA, with a maximum of 1:30 for Forex instruments. For non-major currency pairs, leverage is capped at 1:20, and for stocks, it’s restricted to 1:5. However, for international clients trading through InterTrader’s offshore entity in Gibraltar, leverage can go up to 1:500. It’s important to use leverage wisely to manage both the potential for gains and losses.

Account Types

InterTrader offers a standard trading account and a demo account for new traders. The demo account comes with 30-day access to the MetaTrader 5 platform, allowing traders to test their strategies without risk. The process for opening an account is straightforward, requiring basic personal information, document verification, and a trading experience questionnaire.

Trading Instruments

InterTrader provides a diverse selection of trading instruments, including:

• Forex

• Shares

• Stock Indices

• Commodities

• Cryptocurrencies (Bitcoin, Ethereum, etc.)

• ETFs

The broker’s Market Range Score is 8.5 out of 10, indicating a well-rounded offering of asset classes.

Fees

InterTrader’s fees are mainly based on spreads and commissions. Forex CFD trades carry a charge of $3 per side for EUR/USD. Additional costs such as overnight fees (swap rates) may apply when positions are held overnight. Traders should review specific fees based on the instruments they trade.

Spreads

The average spread for EUR/USD on InterTrader is 0.6 pips, making it competitive within the industry. The broker also offers spreads of 0.1% for UK 100 shares. There are also rebates through its TradeBack program, offering automatic rebates for traders who exceed certain spread costs.

Deposits and Withdrawals

InterTrader allows a wide variety of deposit and withdrawal methods, including:

• Bank Transfers

• Credit/Debit Cards

• Skrill

The minimum deposit is $100, and the broker does not charge withdrawal fees. However, withdrawal times vary depending on the payment method used. Bank transfers can take 3 to 10 business days, while card withdrawals are typically faster.

Platforms

InterTrader offers the MetaTrader 5 (MT5) platform, widely regarded for its charting tools, trade execution speed, and automated trading capabilities via Expert Advisors (EAs). The broker also provides a mobile trading app for both iOS and Android, enabling traders to stay connected while on the go.

Customer Support

Customer support is available from Monday to Friday, via phone, email, and live chat. The support team is responsive, with most inquiries addressed promptly. However, the lack of 24/7 support can be a limitation for some traders. Customer support rating: 4.0 out of 5.

Education

While InterTrader provides market news, technical analysis, and economic calendars, its educational resources could be expanded. Currently, the broker offers limited educational content, which could be enhanced with more comprehensive tutorials, webinars, and courses for new traders. Education rating: 3.5 out of 5.

Conclusion

InterTrader is a reputable broker offering competitive trading conditions, transparent pricing, and a solid regulatory foundation. It excels in providing cutting-edge technology, low spreads, and secure client protection. However, it does have limitations, such as limited educational resources and lack of 24/7 support. For traders seeking a reliable, FCA-regulated broker with advanced trading platforms, InterTrader is a solid choice.

Recommended for:

• Beginner traders

• Advanced traders

• Forex and CFD traders

• Traders seeking low spreads

• Users of MetaTrader 5

Rating: 4.3 out of 5