- 11 years of experience
- 5 different trading platforms
- Min. deposit 1$
- Not FCA regulated
- Limited range trading tools
Company Information
InterTrader is a global broker with a head office in Gibraltar. It has been offering its services since 2009. According to the broker, there is no dealing desk spread betting and CFDs, market-neutral execution on equities, EXN/STP FX and more. Like most brokers, InterTrader takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
Markets
InterTrader has 337 various instruments, including 45 currency pairs. You can trade with currency, metals, oil, global stock indices and leverage and margin requirements. CFD and spread betting account holders can choose from stock indices, currencies, individual shares, commodities, interest rates, bonds as well as specials offered by InterTrader which includes grey market pricing on IPO’s.
● Stocks indices
● Currencies
● Interest rates
● Bonds
● Specials
Trading accounts
InterTrader offers its clients three main account types and a demo account. Let’s review in details the features of each account type in order to choose the most suitable for you.
- MINI account
- ECN account
- STANDARD account
• You can trade mini lots, 10,000 units of the base currency
• Electronic communications network broker
• Connects buy/sell orders with a network of liquidity providers, banks and other brokerages
• Typically offer variable spreads
• Have the added benefit of tolerating most trading strategies, including scalping
• You can trade in standard lots, 100,000 units of the base currency
Open an account
Opening an account with InterTrader is an easy process. Accounts are opened conveniently online in accordance with the standard approach across all brokers. You have to provide all the basic information and after successful completion, clients will be asked to verify their account by sending a copy of their ID as well as proof of residency documents. This is also the standard operating procedure to satisfy AML/KYC requirements as required by their regulator.
Minimum deposit
The minimum deposit at InterTrader is just $1. You can also open a demo account in order to get used to their platform.
Trading Platforms
The broker gives its customers to use the well-known MT4 Forex trading platform. It offers Web platform for the convenient use as well. You can read more about the MT4/MT5 and Web Trader platforms here.
One more platform is offered, namely Zulu platform. ZuluTrade is a leading auto-trading platform that lets you subscribe to signals from top performing traders, so you can trade without having to do the groundwork yourself. Trade via the ZuluTrade platform with market-neutral execution provided by InterTrader. Automated trading has no emotions and it can trade instead of you. If you want to read more about automated trading, click here.
InterTrader offers its users their own platform InterTrader Advanced platform. The professional-grade platform supports multi-monitor set-ups on PC and Mac, giving you the freedom to define your own trading environment. This platform is more oriented on professional players, as it requires more skills to operate it.
Finally, there is a Mobile trading app for your use. It is available for iPhone, iPad or Android.
Our verdict
After careful research, we would like to share our thoughts on the broker with you. We must emphasize that InterTrader is a forex and spread betting broker. It is very important to trade with a regulated broker. It is important and sometimes difficult to find the perfect broker that will need the most needs. Remember, that InterTrader is not regulated by the FCA (Financial Conduct Authority). That is why we offer our services so that you could make your decision faster. As with most brokers, margin requirements do vary depending on the trader, accounts, and instruments. It should be mentioned that the broker has many good comments from users, but a lot of bad ones as well. So, before choosing a certain broker, we advise you to check several ones, to read reviews, and based on that to make a well-thought decision.
InterTrader Details
Beware of bonus promotion like 100% supercharged bonus. Bonus amount can be removed without prior notice when the equity reached the level of the bonus. And once the bonus are removed, all positions are likely to be stopped out.
I lost my whole account of over $10k this way! I would not have lost the whole account if I was not stopped out suddenly with no warning of bonus removal by a broker who disregard client’s interest.
I used InterTrader for a few months and for all period MT4, webplatform, and mobile app give problem .
the platfrom have a big slip page even with pro account .
nobody solved this problem and i waited to solve this problem from from July to September, but nobody solved then I decided to have trader with other Broker .
before open account , please check carefully Spread Comparison(Include Commissions ).
for a few month I could spoke just by email and by chat with InterTrader employees.
The service is of quality and reactive. Technically everything is quite good, except that closing orders should be more accurate, faster
I didn’t like it too much. The customer services are not very good
Be careful with [email protected] which is supported by InterTrader. This is my second bad experience with forex trading.
All my deposit has been wiped out in 1 night.
A very dangerous broker, freeze furing news time, including your pending orders.
I used InterTrader for 10 month but my experience was really terrible :
1)the prices , by web trader , have delay and sometimes doesn’t close automatically trade position ( stop loss or take profit ).
2) MT4 was often disconnected ;
3) for any problem it is impossible to speak by telephone with account manager .
if your goal is get good bonus and lose money ASAP , choice InterTrader.
If you want serious broker for serious trading , stay away from this Broker
InterTrader is scaming me about the fake swap for EUR/USD and USD/CHF , on 01/06/2019 i opened 2 orders : sell 0.5 lot eur/usd and sell 0.5 lot usd/chf, and during one day , on 01/07/2016 my swap is total -9.34 usd for 1 lot , it is verry wrong instead of -3.3 USD for total 1 lot , so now i don’t believe about InterTrader, in the future i will open some live account at other broker better than