History and Founding
InterTrader, established in 2009, is a global online trading platform that provides access to a wide range of financial markets. The company is well-regarded for its straightforward and transparent approach to trading. As part of the GAIN Capital group, a major player in the global forex industry, InterTrader offers retail clients an exceptional trading experience in Forex, commodities, indices, and more.
Mission and Vision
InterTrader's mission is to offer traders a reliable, secure, and efficient trading environment. The company's vision is to provide innovative trading solutions and ensure client satisfaction by maintaining transparency, reliability, and competitive pricing across all their trading instruments.
Global Presence
Headquartered in the UK, InterTrader has a strong presence in key markets worldwide, serving clients from Europe, Asia, and the Americas. As part of a globally recognized financial services group, InterTrader is able to offer advanced trading tools, low spreads, and exceptional customer service to traders across the globe.
Advantages and Disadvantages
Key Strengths vs. Areas for Improvement
Pros
- Market Neutral Model
- No Commissions on Forex
- Competitive Spreads
- Segregated Client Funds
- Negative Balance Protection
- Multiple Trading Platforms
Cons
- Limited Educational Resources
- High Minimum Deposit ($500)
- No US Clients Accepted
- Limited Account Types
- No Social/Copy Trading
Security and Regulations
Licenses Held
InterTrader is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. This means the company adheres to strict guidelines for ensuring the safety of client funds and providing a secure trading environment.
Fund Segregation and Insurance
InterTrader maintains client funds in segregated accounts, ensuring that traders' money is kept separate from the company’s operational funds. This provides an added layer of protection. Additionally, client accounts are protected by the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per eligible client in the unlikely event of insolvency.
Tradable Instruments
Forex Pairs
InterTrader offers a wide range of forex pairs, including major, minor, and exotic currencies. Traders can enjoy competitive spreads starting from 0.6 pips on major pairs like EUR/USD and GBP/USD.
Commodities
The platform provides access to several key commodities such as gold, silver, oil, and natural gas. These assets allow traders to speculate on global market trends and hedge against potential risks.
Indices
Traders can access major stock indices like the S&P 500, FTSE 100, and DAX 30. This allows them to trade on the performance of large, well-known stock markets worldwide.
Cryptocurrencies
InterTrader offers a limited selection of cryptocurrency pairs, including Bitcoin and Ethereum. The broker's cryptocurrency offerings allow traders to capitalize on price movements in this high-volatility asset class.
Account Types
Standard
| Minimum deposit | 0 |
|---|---|
| Commission | 0.6 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:200 |
Premium
| Minimum deposit | 0 |
|---|---|
| Commission | 0.3 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:200 |
Fees and Charges
Spreads and Commissions
Spreads at InterTrader start from as low as 0.6 pips for major currency pairs, making it an attractive option for traders seeking competitive pricing. Commission is only charged on the Raw Spread Account, with fees applied per trade.
Swap Rates
InterTrader charges swap rates on positions held overnight, which can either be positive or negative depending on the asset. The rates are in line with the industry standards and are displayed on the platform before execution.
Inactivity Fees
InterTrader charges inactivity fees on accounts that remain dormant for a period of 12 months. This fee is applied to encourage traders to remain active on the platform.
Trading Platforms
| Available tools | Forex, Futures, Commodities, Stocks, Indices, Metals, Energy, CFDs |
|---|---|
| CFD | Forex: 36 Futures: 8 Commodities: 4 Stocks: 1000 Indices: 12 Metals: 3 Energy: 2 |
MetaTrader 4 and 5
InterTrader offers the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms provide advanced charting tools, automated trading, and seamless trade execution, making them suitable for traders of all levels.
WebTrader
InterTrader also offers its own proprietary WebTrader platform, which enables traders to access their accounts and execute trades directly from any web browser. This platform is easy to use and ideal for traders who prefer not to download software.
Mobile Trading Apps
InterTrader offers mobile trading apps for both Android and iOS, allowing traders to trade on the go. The mobile app provides full access to charts, price alerts, and order management features.
Customer Support
Steps to Register
To register with InterTrader, simply visit their website, click the Open Account" button, and fill out the online form. After submitting your details, you will receive a verification email to confirm your registration.
Verification Requirements
As part of the KYC process, you will need to provide proof of identity (e.g., passport or ID) and proof of address (e.g., utility bill or bank statement) to verify your account with InterTrader.
| Website | |
|---|---|
| Address | 851 Europort, Gibraltar GX11 1AA 10 Lower Thames Street, London EC3R 6AF |
| Headquarters | Gibraltar |
| Customer support | 24/5 - phone, email |
| Partner programs | Yes |
Deposits and Withdrawals
Payment Methods
InterTrader supports a variety of payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Choose your preferred method based on convenience and processing speed.
Processing Times
Deposits are usually processed instantly for most payment methods, while withdrawals may take up to 3 business days depending on the method. E-wallet withdrawals are typically faster than bank transfers.
Associated Fees
There are no deposit fees at InterTrader. However, withdrawal fees may apply depending on the method used. Bank wire transfers generally incur higher fees compared to e-wallets or cards.
FAQ
Is the broker regulated?
Yes, InterTrader is regulated by the Financial Conduct Authority (FCA) in the UK, ensuring the broker adheres to strict financial regulations.
What trading platforms are available?
InterTrader offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and mobile apps for iOS and Android.
What is the minimum deposit required to open an account?
The minimum deposit for a Standard Account is $100, making it accessible for most retail traders.
What types of accounts does the broker offer?
InterTrader offers Standard, Raw Spread, and Islamic accounts to suit various trading preferences and strategies.
What fees and commissions are charged?
InterTrader charges competitive spreads starting from 0.6 pips. A small commission applies for the Raw Spread Account.
What is the maximum leverage available?
InterTrader offers maximum leverage of up to 1:500 for forex trading, allowing traders to amplify their positions.
Are demo accounts available?
Yes, InterTrader provides demo accounts for traders to practice without risking real money.
How can I contact customer support?
Customer support is available via live chat, phone, and email. InterTrader offers 24/5 support to assist with any inquiries or technical issues.