InterTrader Review: Can You Trust Them?

InterTrader Header

Overview

Risk Warning: Your Capital is at Risk

InterTrader is a derivative brokerage firm that offers customers a platform for spread betting and trading forex and Contracts for Difference (CFDs). CFDs allow traders to speculate on the price of assets without actually owning them in their accounts. InterTrader offers customers CFDs on forex, stock indices, individual shares, commodities, interest rates, bonds, cryptocurrencies and special trading markets.

InterTrader is owned by publicly traded gaming company GVC Holding plc. The firm is known for its “no dealing desk” business model. Rather than taking the other side of your trades, InterTrader immediately hedges them in the underlying market, which effectively eliminates any conflict of interest the broker has with its customers. Customers of InterTrader have access to trading on the InterTrader web-based platform, the industry standard MetaTrader4 (MT4) platform and mobile trading apps on iPhone, iPad and Android.

InterTrader offers customers a regulated and low-cost way to trade a wide array of CFDs and forex. Customers can take comfort in the broker’s strong financial backing from its publicly traded parent company. Please remember, while InterTrader is a responsible broker, losses can still exceed deposits. CFD trading is for experienced traders.

This review of InterTrader will cover all of the important details about the broker and discuss its major advantages and disadvantages.

Why Choose InterTrader?

What's Good About InterTrader?What Could InterTrader Do Better?
Tick IconTrustworthy broker (we scored InterTrader 75/100 in our broker trust rating)Bitcoin and Ethereum are the only cryptocurrencies available to trade
Tick IconEasy-to-learn platformDemo accounts not linked to live account
Tick IconAdvanced tools can be easily added to the platformTicket feature can be awkward and difficult to use
Tick IconOffer a loyalty rebate program for combined spread costs of over £500 a month (not available on MT4 accounts)Only regulated by a lower-tier regulator
Tick IconSupport in 16 languages
Tick IconAvailable in over 200 countries
Tick Icon24/5 customer support via phone, live chat or email in multiple languages

InterTrader - Essential Information

 InterTrader Logo
www.InterTrader.com
OverviewNo dealing desk spread Betting, CFD & forex trading
Our Overall Rating
Broker Trust Rating75/100
Founded2004
ProductCFDs
Forex
Spread Betting
MarketsStock Indices
Interest Rates/Bonds
Commodities
Cryptocurrencies
Forex
Specials
Countries ServedMore than 150
Minimum Deposit100 GBP/EUR/USD/PLN
FeesInterTrader is a no-commission broker. It makes money through the market bid/ask spread (See below). See here for full list of fees
Regulator(s)Gibraltar Financial Services Commission
Customer Support24/5 email, live chat and phone
Demo AccountYes - for both platforms

History of InterTrader

InterTrader Limited is part of the GVC Holdings plc (GVC) family of companies. GVC Holdings plc is a multinational gaming and sports betting company listed on the Official List (the premium segment) and traded on the Main Market of the London Stock Exchange. The firm was incorporated as Gaming VC Holdings S.A. in Luxembourg in 2004.

In addition to operating InterTrader, GVC operates many companies in the gaming sector including bwin, sporting bet, PartyPoker and Foxy Bingo.

GVC employs over 3,200 employees in 20 offices worldwide. The firm has licenses to operate in 14 countries. GVC acquired bwin.party in February 2016 to form one of the world’s largest listed online gaming companies. The firm launched InterTrader in 2016 through its subsidiary InterTrader Ltd.

GVC is incorporated in Isle of Man, where it has registered offices. InterTrader is a trading name of InterTrader Limited which is owned and controlled by GVC Holdings plc. InterTrader Limited is authorized and regulated by the Gibraltar Financial Services Commission and registered with the Financial Conduct Authority in the UK (Registration number 597312).

InterTrader provides customers dedicated 24/5 customer support. Traders can contact InterTrader customer service by phone, email or live chat. Traders can also fill in an online form to leave a callback number for InterTrader to contact them. Traders can view the InterTrader website in English, Spanish, French, Polish, and Bulgarian.

Where Does InterTrader Operate?

See all the countries InterTrader operates in

  1. United Kingdom
  2. Ireland
  3. Aland Islands
  4. Albania
  5. Algeria
  6. Andorra
  7. Angola
  8. Anguilla
  9. Antarctica
  10. Antigua And Barbuda
  11. Argentina
  12. Armenia
  13. Aruba
  14. Australia
  15. Austria
  16. Azerbaijan
  17. Bahamas
  18. Bahrain
  19. Bangladesh
  20. Barbados
  21. Belarus
  22. Belgium
  23. Belize
  24. Benin
  25. Bermuda
  26. Bhutan
  27. Bolivia, Plurinational State Of
  28. Bosnia And Herzegovina
  29. Botswana
  30. Bouvet Island
  31. Brazil
  32. British Indian Ocean Territory
  33. Brunei Darussalam
  34. Bulgaria
  35. Burkina Faso
  36. Burundi
  37. Cambodia
  38. Cameroon
  39. Canada
  40. Cape Verde
  41. Cayman Islands
  42. Central African Republic
  43. Chad
  44. Chile
  45. China
  46. Christmas Island
  47. Cocos (Keeling) Islands
  48. Colombia
  49. Comoros
  50. Congo
  51. Congo, The Democratic Republic Of The
  52. Cook Islands
  53. Costa Rica
  54. Côte D’ivoire
  55. Croatia
  56. Cuba
  57. Curaçao
  58. Cyprus
  59. Czech Republic
  60. Denmark
  61. Djibouti
  62. Dominica
  63. Dominican Republic
  64. Ecuador
  65. Egypt
  66. El Salvador
  67. Equatorial Guinea
  68. Eritrea
  69. Estonia
  70. Ethiopia
  71. Falkland Islands (Malvinas)
  72. Faroe Islands
  73. Fiji
  74. Finland
  75. France
  76. French Guiana
  77. French Polynesia
  78. French Southern Territories
  79. Gabon
  80. Gambia
  81. Georgia
  82. Germany
  83. Ghana
  84. Gibraltar
  85. Greece
  86. Greenland
  87. Grenada
  88. Guadeloupe
  89. Guatemala
  90. Guernsey
  91. Guinea
  92. Guinea-bissau
  93. Guyana
  94. Haiti
  95. Heard Island And Mcdonald Islands
  96. Holy See (Vatican City State)
  97. Honduras
  98. Hong Kong Sar
  99. Hungary
  100. Iceland
  101. India
  102. Indonesia
  103. Iran, Islamic Republic Of
  104. Ireland
  105. Isle Of Man
  106. Israel
  107. Italy
  108. Jamaica
  109. Japan
  110. Jersey
  111. Jordan
  112. Kenya
  113. Kiribati
  114. Korea, Republic Of
  115. Kuwait
  116. Kyrgyzstan
  117. Lao People’s Democratic Republic
  118. Latvia
  119. Lesotho
  120. Liberia
  121. Liechtenstein
  122. Lithuania
  123. Luxembourg
  124. Macao
  125. Macedonia, The Former Yugoslav Republic Of
  126. Madagascar
  127. Malawi
  128. Malaysia
  129. Maldives
  130. Mali
  131. Malta
  132. Marshall Islands
  133. Martinique
  134. Mauritania
  135. Mauritius
  136. Mayotte
  137. Mexico
  138. Micronesia, Federated States Of
  139. Moldova, Republic Of
  140. Monaco
  141. Mongolia
  142. Montenegro
  143. Montserrat
  144. Morocco
  145. Mozambique
  146. Namibia
  147. Nauru
  148. Nepal
  149. Netherlands
  150. Netherlands Antilles
  151. New Caledonia
  152. New Zealand
  153. Nicaragua
  154. Niger
  155. Niue
  156. Norfolk Island
  157. Norway
  158. Oman
  159. Palau
  160. Panama
  161. Papua New Guinea
  162. Paraguay
  163. Peru
  164. Philippines
  165. Pitcairn
  166. Poland
  167. Portugal
  168. Qatar
  169. Réunion
  170. Romania
  171. Russian Federation
  172. Rwanda
  173. Saint Barthélemy
  174. Saint Helena, Ascension And Tristan Da Cunha
  175. Saint Kitts And Nevis
  176. Saint Lucia
  177. Saint Martin (French Part)
  178. Saint Pierre And Miquelon
  179. Saint Vincent And The Grenadines
  180. Samoa
  181. San Marino
  182. Sao Tome And Principe
  183. Saudi Arabia
  184. Senegal
  185. Serbia
  186. Seychelles
  187. Sierra Leone
  188. Singapore
  189. Sint Maarten (Dutch Part)
  190. Slovakia
  191. Slovenia
  192. Solomon Islands
  193. Somalia
  194. South Africa
  195. Spain
  196. Sri Lanka
  197. Sudan
  198. Suriname
  199. Svalbard And Jan Mayen
  200. Swaziland
  201. Sweden
  202. Switzerland
  203. Syrian Arab Republic
  204. Taiwan, Province Of China
  205. Tajikistan
  206. Tanzania, United Republic Of
  207. Thailand
  208. Timor-leste
  209. Togo
  210. Tokelau
  211. Tonga
  212. Trinidad And Tobago
  213. Tunisia
  214. Turkey
  215. Turkmenistan
  216. Turks And Caicos Islands
  217. Tuvalu
  218. Uganda
  219. Ukraine
  220. United Arab Emirates
  221. Uruguay
  222. Uzbekistan
  223. Vanuatu
  224. Venezuela, Bolivarian Republic Of
  225. Viet Nam
  226. Virgin Islands, British
  227. Wallis And Futuna
  228. Western Sahara
  229. Yemen
  230. Zambia
  231. Zimbabwe

Languages

InterTrader supports 16 different languages on its platforms. Website languages:

  • English
  • Spanish
  • French
  • Polish

Can I Trust InterTrader?

We feel that InterTrader is a trustworthy company since it is registered with the Financial Conduct Authority (FCA) (Registration number 597312). The company receives its regulatory oversight from the Gibraltar Financial Services Commission.

In addition, shares of InterTrader’s parent company, GVC Holdings plc, are publicly traded on the London Stock Exchange. As a public company, GVC Holdings plc must make full disclosures about its financial health.

RegulatorCountries CoveredProtections OfferedAdditional Protections Offered
Gibraltar Financial Services Commission (GFSC)The GFSC allows passport to EEA countries, which consist of EU countries and Iceland, Liechtenstein and Norway:

EU Countries:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.
All client funds are held in a segregated client bank accountThe Gibraltar Investor Compensation Scheme (GICS) may cover up to €20,000 if InterTrader fails.

InterTrader Trust Factor

Gibraltar Financial Services Commission

The Gibraltar Financial Services Commission (GFSC) regulates InterTrader’s activities.

The GFSC is modeled on the FCA and maintains the same high regulatory standards, but in a smaller jurisdiction.

The GFSC lays down strict rules on the handling of client money. InterTrader clients’ funds are fully segregated and ring-fenced. This not only includes funds deposited with the broker, but total net available funds (including the value of open trades calculated on a mark-to-market basis). Client funds are held completely separate from the firm’s own funds.

Any money that InterTrader holds for its clients cannot be used to satisfy the claims of any of the broker’s creditors. Even the bank cannot use the funds to offset against debt on any other bank account. The GFSC compensation scheme pays compensation up to €20,000 to customers if InterTrader is unable to pay.

Financial Conduct Authority

InterTrader is registered with the Financial Conduct Authority and its registration number is 597312.

Who Runs InterTrader?

GVC Holdings plc, the company that owns InterTrader, is a publicly held company traded on the London Stock Exchange.

Key GVC Holdings plc Executives

NamePositionInformation
Lee Feldman
Lee Feldman
Non-Executive ChairmanLee joined GVC in December 2004. He is the Managing Partner of Twin Lakes Capital, a private equity firm focused on branded consumer products, media and business services and the CEO and a board member of both MacKenzie- Childs and Jay Strongwater, the American luxury home furnishings and personal accessories companies. He has a B.A and J.D. from Columbia University.
Kenny Alexander
Kenny Alexander
Chief Executive OfficerKenneth joined GVC in March 2007 as Chief Executive. He was formerly Finance Director, then Managing Director, of the European operations of Sportingbet plc, which he joined in 2000. He is a member of the Institute of Chartered Accountants of Scotland and previously worked for Grant Thornton.
Paul Bowtell
Paul Bowtell
Chief Financial OfficerPaul joined GVC in March 2018 as Chief Financial Officer. Paul is a Chartered Accountant and has extensive experience across the UK retail sector as well as financial and commercial knowledge.
Will Whitehorn
Will Whitehorn
Senior Independent DirectorWill is the Deputy Chairman and Senior Independent Director at Stagecoach Group plc and is an independent Non-executive Director of Purplebricks Group plc. He is also President of the Chartered Institute of Logistics and Transport and Chairman of the Scottish Gallery and Scottish Event Campus Limited.

Images sourced from: https://gvc-plc.com/about/corporate-governance/board-of-directors/

InterTrader Trading Products

InterTrader offers customers CFD trading in seven categories of financial assets: forex, stock indices, individual shares, commodities, interest rates/bonds, cryptocurrencies and specials.

1) Forex

InterTrader offers CFD trading in more than 60 currency pairs. The following are the most popular of these pairs:

  • EUR/USD
  • USD/JPY
  • AUD/USD
  • EUR/GBP
  • GBP/USD
  • EUR/JPY
  • USD/CHF
  • EUR/CHF
  • USD/CAD
  • AUD/CHF

2) Stock Indices

The following are the most popular stock indices and futures offered on the InterTrader platform:

  • UK 100
  • Wall Street
  • US 500
  • US Tech 100
  • Germany 30
  • Japan 225
  • Hong Kong
  • CAC 40
  • EU Stocks 50
  • Netherlands 25
  • UK 100 Future
  • DAX 30 Future
  • US 30 Future
  • S&P 500 Future
  • US Tech 100 Future
  • US Russel 2000 Future
  • STOXX 50 Future
  • Volatility index Future

3) Individual Shares

InterTrader customers can trade the following types of shares:

  • United Kingdom CFD
  • United States Rolling CFD
  • Germany Rolling CFD

4) Commodities

  • Gold spot
  • Gold Fut
  • US Crude spot
  • US Crude Fut
  • UK Crude spot
  • UK Crude oil
  • US Gas RBOB
  • US Cotton
  • Silver Fut 0.5
  • Platinum spot

5) Interest Rates/ Bonds

  • Euro-Bund Futures SB
  • UK Long Gilt
  • Euribor Future
  • Short Sterling Futures

6) Cryptocurrencies

  • Bitcoin
  • Ethereum

7) Specials

InterTrader often offers special topical markets, including grey market quotes on the latest IPOs and trading on the key data releases such as US Nonfarm Payrolls.

InterTrader Account Types

InterTrader categorizes its account by the type of products you want to trade. Traders in the United Kingdom can open a Spread Betting Account, while traders from all jurisdictions can open a CFD or a Forex account.

Minimum initial deposit for live accounts must be no less than 100 GBP/EUR/USD/PLN. Every other deposit on your account (excluding initial deposit) must be no less than 50 GBP/EUR/USD/PLN.

InterTrader also offers a demo account for interested traders who want to try out strategies before committing capital to trades in a live account. Traders can open demo accounts for both the web-based and MT4 platforms.

InterTrader Account Types

InterTrader Spreads and Fees

InterTrader receives its compensation in the form of the market spread. The difference between the buy and sell prices for any given market is effectively your cost for trading that market.

The spreads for trading vary by the particular financial instruments being traded.

Forex

The following are the spreads on the most popular of the 60 plus currency pairs InterTrader offers.

See all InterTrader’s Forex Spreads

MarketSpread
EUR/USD0.6
USD/JPY0.7
AUD/USD0.9
EUR/GBP0.9
GBP/USD1.2
EUR/JPY1.4
USD/CHF1.4
EUR/CHF1.6
USD/CAD1.7
AUD/CHF1.8

Stock Indices

The following are the spreads on the most popular stock indices and futures offered on the InterTrader platform. Spreads on indices vary by the time of the day that the trade is placed.

See all InterTrader’s Stock Indices Spreads

MarketSpreadTrading hours
UK 100207.00-08.00
108.00-16.30
216.30-21.00
4Other times
Wall Street2.508.00-14.30
1.614.30-21.00
5.821.15-21.30
5.822.00-23.00
3.8Other times
US 5000.414.30-21.00
0.621.00-14.30
0.921.15-21.30
0.922.00-23.00
US Tech 100114.30-21.00
221.00-14.30
321.15-21.30
322.00-23.00
Germany 30207.00-08.00
108.00-16.30
216.30-21.00
521.00-07.00
Japan 225824 hours with breaks
Hong Kong102.15-4.45 with breaks
CAC 40108.00-16.30
216.30-21.00
421.00-07.00
207.00-08.00
EU Stocks 50207.00-21.00
Netherlands 250.324 hour with breaks
MarketSpread from
UK 100 Future4
DAX 30 Future6
US 30 Future6
S&P 500 Future1
US Tech 100 Future3
US Russel 2000 Future0.5
STOXX 50 Future2
Volatility index Future0.1

Individual Shares

See all InterTrader’s Stock Indices Spreads

MarketCommission
United Kingdom CFDunderlying +0.10% per side
United States Rolling CFDunderlying + 2.95 cents per side
Germany Rolling CFDunderlying + 0.1 % per side

Commodities

See all InterTrader’s Commodities Spreads

MarketSpread
Gold spot4
Gold Fut0.6
US Crude spot3
US Crude Fut0.05
UK Crude spot3
UK Crude oil5
US Gas RBOB3
US Cotton0.35
Silver Fut 0.53
Platinum spot1.8

Interest Rates/ Bonds

See all InterTrader’s Interest Rates/Bonds Spreads

MarketSpread
Euro-Bund Futures SB0.03
UK Long Gilt0.03
Euribor Future0.02
Short Sterling Futures0.02

Cryptocurrencies

MarketSpread from
Bitcoin10
Ethereum2

InterTrader customers can lower their spreads further through the firm’s loyalty rebate TradeBack program. Traders that have paid a combined spread cost during the month of over £500 receive an automatic rebate. Traders receive rebates regardless of their P&L trading during the month.

InterTrader calculates the TradeBack rebate on all trading, including trades on equities. However, MT4 accounts are currently excluded from TradeBack.

Other fees that InterTrader customers may encounter include:

Deposit Fees: Some international transfers will incur a fee charged by your bank.

Withdrawal Fees: Some withdrawals will incur fees (see below).

Overnight Financing Charges: If you hold a position in an undated (Rolling Daily) contract open overnight a small debit or credit will be applied each day to represent the interest cost of holding a margined position.

Account Requirements

After you click the blue Create Your Account” button on the website, InterTrader starts the process of opening your account. The first question you have to decide is whether you want a web-based account or an MT4 account. The web-based account offers 100% market-neutral execution (the no dealer desk model), while the MT4 platform offers customers the possibility of setting up automated trading.

After you choose your platform, InterTrader takes you through the four-step process of opening your account. You provide them with the following:

  1. Your personal details
  2. Your address
  3. Your trading experience
  4. Your economic details

You also decide the base currency for your account and whether you want a spread trading or CFD account.

InterTrader doesn’t require specific prior trading criteria to open an account. However, traders must answer some questions to demonstrate that they understand the trading products and the risks associated with them.

After completing this information, traders have to supply additional information to verify their identity and proof of residence. You can upload documents via a webcam, your phone’s camera or from a file you have already saved on your device.

Document Examples:

Proof of Identity

Acceptable documents (both the front and back of the document are required):

  • Passport
  • National ID card
  • Full driving license (InterTrader cannot accept a driving license as proof of identity and proof of address)

Proof of Address

Acceptable documents (dated within the last three months):

  • Utility bill (gas, water, electricity, council tax)
  • Bank statement/credit card statement (online print screens are accepted as long as the URL is visible in the image)
  • Home telephone bill (InterTrader cannot accept mobile telephone bills)
  • Valid driving license (not expired) showing your residential address

Some customers may be asked to provide additional documentation depending on the quality of the documents provided.

You can deposit funds into your account by the following methods:

  • Bank transfer
  • Debit or credit card
  • Skrill

Due to money laundering regulations, InterTrader can only accept deposits from your own bank or card accounts, not those of a third party.

Traders can deposit money into their accounts directly from the trading platform they are using:

By debit or credit card:

You can deposit by a card and make online payments in GBP, EUR, PLN or USD via the My Account section of the web-based platform or via the Company tab on MT4.

By Skrill:

Skrill is an online wallet for secure payments and is authorized and regulated by the Financial Conduct Authority.

You will need to have an account with Skrill, which you can create at www.skrill.com. After funding your Skrill account, you can access the “My Account” area one either of the two platforms:

Web-based platform

  1. Log in to the web-based platform
  2. Click the deposit button at top of the platform
  3. Enter your deposit amount and click “Pay by Skrill”

MT4 accounts

  1. Go to account.intertrader.com and log in to your account
  2. Click “Deposit & Withdrawal” at the top of the page
  3. Click Skrill in the left-hand menu and follow instructions

InterTrader offers different amounts of leverage depending on the product. The European Securities and Markets Authority (ESMA) recently introduced an industry-wide limit on leverage levels for spread betting, forex and CFD products.

The limits are as follows:

  • 30:1 (i.e. 3.33% margin) on major forex pairs
  • 20:1 (i.e. 5% margin) on minor forex pairs, gold and major indices
  • 10:1 (i.e. 10% margin) on commodities (other than gold)
  • 5:1 (i.e. 20% margin) on equities
  • 2:1 (i.e. 50% margin) on cryptocurrencies

Each specific financial instrument also has InterTrader margin requirements that traders must maintain. Traders who fall below the InterTrader margin requirements risk receiving a margin call and having their position closed prematurely. Traders can obtain more details about how these margins are determined at the InterTrader product information section.

InterTrader Withdrawals

To withdraw funds from your account, you click on the My Account area of the web-based platform and select Request Withdrawal. You can also email or call InterTrader for advice on how to withdraw funds.

InterTrader requires you to withdraw funds to their original source, so if you made your initial deposit by bank transfer, the broker returns funds must to your bank. If you made your initial deposit by card, then InterTrader returns funds to the card.

InterTrader usually processes withdrawals within 24 hours if the trader has all of the details in place. However, bank or card providers may take up to three to five days to return the funds to your account.

Skrill withdrawals could take up to 24 hours. When you transfer funds from your Skrill wallet to InterTrader, there will be a processing fee of 3%.

To avoid excessive transaction costs, InterTrader may refuse individual withdrawals under GBP50/USD50/EUR50/PLN50 unless this is to close your account.

InterTrader Platform Review

InterTrader clients have access to the web-based platform and MT4 as well as mobile trading apps for iOS and Android smartphones and tablets. Traders can also access special trading tools:

Cross-Platform Trading Charts: Traders can integrate advanced charting into their trading. This feature allows you to select charts using dozens of timeframes and color schemes. With this feature, you can access 50 different technical indicators from the drop-down at the top of the chart. You can also set alerts on specific prices, trend lines or technical studies.

Free Trading Tools: InterTrader makes certain advanced trading tools available to traders:

  • 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

The InterTrader web-based platform is customizable and was designed to be easy to learn. The main screen has a bold and clean layout and some features that make it easy to locate instruments to trade.

InterTrader Platform

The Market Search window on the left side of the screen has a list of instruments categorized by asset class. When you click on one of these categories, the list of instruments populates to the immediate right of this section. There are news, analysis and research sections on the top of the platform and a position monitor tab at the bottom.

The customizing features of the web-based platform are especially useful. You can resize and alter the trading panels that are shown on the trading screen.

We especially liked the fact that you can easily integrate the advanced tools (see above) into the InterTrader Web platform. The Analysis tab has a drop-down menu that links to the Strategy Centre, Trading Tool and Education Centre.

InterTrader Analysis Feature

The news section allows you to link to features that fundamental traders will find especially useful.

InterTrader News Feature

InterTrader also integrates research and analysis into each specific market you access. In fact, you can access a trading ticket directly from the research panel, which is a feature we found especially appealing.

The InterTrader trading ticket is adequate, but we found some features associated with it to be awkward and difficult to use.

InterTrader Ticket Feature

The “stop” and “limit” contingency features required clicking on a separate drop-down arrow to add to the order. Also, the radial circles for adding other contingencies (canceled, good for day and date/time) were too small and poorly placed.

Overall, however, the InterTrader web-based platform is a solid offering with a lot of really impressive tools for both technical- and fundamentally-oriented traders.

InterTrader Demo Account

Traders can open an InterTrader demo account in both the web-based and MT4 platforms. The account is separate from the live platform, and traders can’t toggle back and forth between the two platforms. We found that this separation to be a slight inconvenience, but it is not unique to InterTrader. However, some other brokers do support a direct link to the live platform, and we found this to be useful.

InterTrader Demo Account

InterTrader Education Resources

InterTrader has a Trading Education tab on its website that offers educational resources for both new and experienced traders. This section of the website has several resources that traders will find useful:

Free Trading Webinars: InterTrader hosts a series of live webinars for all skill levels of traders. Traders can consult this section for an upcoming schedule of courses.

Economic Calendar: A list of key upcoming economic events, which is coded by country.

Frequently Asked Questions: Covers common questions related to trading on the InterTrader platform.

Smart Trader: Text and video covering market data, new and strategies by leading market analysts.

Jargon Buster: a glossary of key market and trading terms.

InterTrader Sign-Up Bonuses and Promotions

InterTrader offers two types of promotions for customers:

Welcome Bonus

InterTrader offers a 10% welcome bonus on your first deposit. To claim this, you need to do the following:

  1. Open an InterTrader spread betting or CFD trading account on the web-based platform
  2. Make an initial deposit of $/€/£500 or more
  3. Request your extra 10% in trading funds, up to $/€/£10,000

Cash-out restrictions apply, and traders should consult the broker’s Terms & Conditions section for full details.

Refer a Friend

InterTrader has a Refer-a-Friend program that allows traders to earn bonuses when they get a friend to sign up for a trading account.

The key Steps are as follows:

  1. Open an InterTrader spread betting or CFD trading account on the web-based platform
  2. Receive a bonus each time a friend signs up, up to £1,000
  3. Each friend will also receive a £100 bonus

Restrictions apply, and traders should consult the broker’s Terms & Conditions section for full details.

Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options trader for multinational banks and proprietary trading groups. Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and investment professionals on issues related to trading, and derivatives. Lawrence has served as an expert witness in a number of high profile trials in US Federal and international courts.