InterTrader Review (Inter Trader) 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $500
- MT4
- Web platform
- Desktop
- FCA
- GFSC
- 2005
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $500
- MT4
- Web platform
- Desktop
- FCA
- GFSC
- 2005
Our Evaluation of InterTrader
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
InterTrader is a broker with higher-than-average risk and the TU Overall Score of 4.8 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by InterTrader clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
InterTrader has set a high threshold for the minimum deposit, which indicates its focus is on cooperation with experienced market traders.
Brief Look at InterTrader
InterTrader is an STP and ECN broker that has been providing services for trading Forex and CFD instruments since 2009. It is part of a large holding conglomerate called Entain Plc, which is one of the leaders in the field of sports betting and has offices on five continents. InterTrader is regulated by the Gibraltar Financial Services Commission (GFSC, 105224) and is registered with the UK Financial Conduct Authority (FCA, 597312). The broker uses the latest technology to provide trading services. It allows its clients to have direct access to financial markets around the world.
- Wide range of assets. With all types of accounts, you can make transactions with currency pairs, indices, commodities, energies, and metals.
- Low trading fees: spreads from 0.3 pips, commission per lot on ECN accounts for Forex instruments is 3 units of the main currency of the traded pair.
- The broker uses the No Dealing Desk system. The execution of clients’ orders depends solely on market liquidity and not on the dealing center.
- The possibility to make deposits and withdrawals using bank cards, Skrill, e-wallet, and bank transfers.
- Availability of PAMM and MAM trust accounts.
- Easy online account opening, no need to visit a brokerage office.
- A wide range of free trading instruments: advanced trading charts from IT-Finance, Autochartist, an economic calendar from Econoday, and multiple news feeds.
- High minimum deposit of 500 USD/EUR/GBP.
- The broker does not provide cent accounts.
- There is no online chat on the website or in the personal account.
TU Expert Advice
Financial expert and analyst at Traders Union
InterTrader has been providing brokerage services for over 12 years and it specializes in Forex and CFD margin trading. The company offers retail traders market-neutral execution on ECN and STP accounts, Black premium service for professional clients, and Prime services for institutional trading. The regulators are FCA (UK) and GFSC (Gibraltar). The parent company Entain Plc is a member of the FTSE 100 and is listed on the London Stock Exchange.
Broker InterTrader offers two types of accounts. STP accounts are available through proprietary terminals, and ECN can be opened in the MetaTrader 4 terminal. All account types offer tight market spreads from 0.3 pips and leverage up to 1:30 (for non-professional trading).
Although the broker maintains a low trading commission, it is not designed for beginners. The minimum deposit is 500 units of the base currency of the account (US dollars, euros, or pounds sterling). In addition, there is no opportunity to open a cent account to work with minimal risks.
InterTrader Summary
💻 Trading platform: | Web-based platform, desktop platform, МТ4 desktop, МТ4 mobile |
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📊 Accounts: | Demo МТ4, web account, MT4 account |
💰 Account currency: | USD, EUR, GBP |
💵 Replenishment / Withdrawal: | Wire transfer, debit and credit cards, Skrill |
🚀 Minimum deposit: | from 500$ |
⚖️ Leverage: | up to 1:30 (for retail traders), up to 1:200 (for professional clients) |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 |
💱 Spread: | from 0.3 pips |
🔧 Instruments: | Fx, CFDs (indices, commodities, energies, and metals), stocks, and equity options |
💹 Margin Call / Stop Out: | N/A |
🏛 Liquidity provider: | Proprietary agregator |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market execution |
⭐ Trading features: | Advisors are allowed, the size of each subsequent deposit is fixed at 50 USD/EUR/GBP |
🎁 Contests and bonuses: | Yes |
InterTrader’s clients can trade major and minor currency pairs, as well as CFDs on stocks, indices, commodities, and energy products from STP and ECN accounts. The broker provides MT4 as well as proprietary terminals. Maximum leverage for retail traders for major currency pairs is 1:30. For minor pairs, such as gold and major indices, it is 1:20; for minor indices and commodities (excluding gold), it is 1:10; and for stocks, it is 1:5. Professional clients can use the leverage of 1:20 when trading stocks; of 1:100 when trading commodities (except gold); and of 1:200 when trading other instruments.
InterTrader Key Parameters Evaluation
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Trading Account Opening
To register with InterTrader and create a personal account, do the following:
Go to the official website of the company and click Create Account on its main page.
Choose the account type.
Fill out the registration form, indicating your name, surname, phone number, and email.
Attach scans of your passport and a document confirming your residence address.
After confirming the data used on the application for opening a trading account (the corresponding letter comes to the email specified during registration), you need to log in to your personal account. To do this, click the Log In button, and then enter your username and password.
The following is also available in the InterTrader personal account:
Also, in the personal account you can:
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Create watchlists.
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Set up price alerts.
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Configure and connect to charts and other indicators.
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View and sort open and executed orders.
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Manage accounts.
User Satisfaction