User Rating:Updated on: May 9, 2017
Regulation:GFSC, FCA Registration
|Spreads From||Max. Leverage||Trade Min.||Forex Pairs||Platforms||Mobile Trading||Broker Highlights|
57 Currency Pairs
CFDs carry risk. 78% of traders lose with this provider.
InterTrader Broker Review
InterTrader is first and foremost an established, credible and popular destination for no dealing desk forex trading. Traders have the option to open a free demo trading account on the web-based platform or the MetaTrader4 platform. As part of the multinational sports betting and gaming group GVC, InterTrader offers Forex trading that is secure, affordable and cutting edge. All forex trades are conducted against the market and not against the trading platform.
InterTrader is regulated and authorised by the Gibraltar Financial Services Commission (GFSC) and is registered with the FCA (Financial Conduct Authority) of the United Kingdom with the following reference number: 597312. All registered clients are protected by way of segregated accounts at InterTrader. Additionally, client money protection is covered through the Gibraltar Investor Compensation Scheme (GICS).
A wide range of financial instruments is available for trade including stocks, FX pairs, commodities and indices. InterTrader was awarded Spread and Financial Operator of the Year at the 2016 EGR Operator Awards, won the Value For Money award at the 2015 Investment Trends awards and was named Best CFD Provider 2016 by FX Empire.
Multiple trading markets can be accessed online at InterTrader. These include spread betting on indices, spread betting on rates and bonds, spread betting on commodities, spread betting on shares, and spread betting on currency pairs (Forex). There are also CFD trading options on each of the above asset categories, including currency pairs (Forex). The most popular CFD markets for currency trading include the following: GBP/USD with a spread of 0.8 and a margin of 0.4%. InterTrader also offers complete coverage of all aspects of the forex trading arena with no dealing desk forex. In terms of the MT4 spread on currencies, InterTrader offers the following: EUR/USD at 0.32 pips, and GBP/USD at 0.6 pips.
Traders can execute all their trades in the forex interbank market by way of Contracts for Difference (CFDs) and spread betting. Spreads are as low as 0 pips and there is no dealer intervention. The platform offers standard leverage of 200:1, with a maximum leverage of up to 300:1 with no minimum deposit required. The MT4 trading platform allows for indices, commodities and forex trading. There are expiry-dated contracts as well as rolling contracts across asset categories. Daily rolling is applicable to Forex trading and for CFDs a charge of 3 in the quoted currency is levied per lot.
There are two standard trading platforms available at InterTrader, including the web-based platform and MetaTrader4. The MT4 platform is compatible with Mac, mobile, iPhone, iPad and Windows. Traders will enjoy the following features on the trading platform: market commentary, charts, automated trading options, charting packages, trading signals, streaming news, hedging, trailing stops, guaranteed limit orders, web-based trading, mobile trading, one click execution of trades, OCO orders and a demo trading account. At the time of writing, there were no options for email alerts, mobile alerts, scalping, guaranteed stop losses, guaranteed fills or interest on margin.
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The InterTrader web-based platform is 100% market neutral. This means that trades are mirrored in the underlying market with zero risk against the trader. The trading platforms also feature a wide range of trading tools including trading signals, live audio feeds, research tools for beginners and advanced traders and the like. The MT4 platform features 30 technical indicators for historic data and live data and there are expert advisors available to help traders in all their FX dealings. The MT4 platform also offers a free demo trading account for Mac, Android, iPhone and PC-based users.
- Forex CFD trading and Forex spread betting options available with competitive spreads and no dealing desk forex trading
- 100% market neautrality
- Fully licensed and regulated by the Gibraltar Financial Services Commission (GFSC)
- Registered with the Financial Conduct Authority (FCA) in the United Kingdom
- Hundreds of financial instruments to trade including FX pairs, commodities, indices and stocks
- Free demo trading account on the MT4 platform
As a forex trader at InterTrader, you have multiple options available to you in the form of CFD trading and spread betting. A wide range of currency pairs can be traded including GBP/USD, GBP/EUR, USD/JPY and more. Major pairs, minor pairs and exotic pairs are available with high leverage and no dealing desk execution. InterTrader is a reliable FX brokerage with full licensing, regulation and registration with the relevant authorities in Gibraltar and the United Kingdom. Traders have access to a demo trading platform for currencies, commodities, indices and stocks trading, as well as real-money trades on the world-renowned MT4 platform and the proprietary web-based trading platform.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 64-72% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
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