InterTrader Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of InterTrader trading signals. You will learn what kinds of trading signals InterTrader offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | USD, EUR, GBP |
| 🚀 Minimum deposit: | from 500$ |
| ⚖️ Leverage: | up to 1:30 (for retail traders), up to 1:200 (for professional clients) |
| 💱 Spread: | from 0.3 pips |
| 🔧 Instruments: | Fx, CFDs (indices, commodities, energies, and metals), stocks, and equity options |
| 💹 Margin Call / Stop Out: | N/A |
InterTrader Pros and Cons
👍 Advantages of trading with InterTrader:
•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.
👎 Disadvantages of InterTrader:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
InterTrader Trading Signals
Analysis of InterTrader conditions by experts at the Traders Union showed that the broker maintains a floating spread on all accounts as a trading commission. MT4 Accounts for Forex instruments also have a lot commission of 3 units of the base currency of the pair being traded in each direction. InterTrader does not charge deposit fees; however, when transferring funds via Skrill, the payment system will charge a fee of 3%. Only more than 1,000 USD/EUR/GBP can be withdrawn without commission. If the withdrawal amount is less, then only the first withdrawal within 24 hours will be free (from 12:00 of the current day to 12:00 of the next day, GMT +1), and for each subsequent withdrawal, the broker will withhold 5 USD/EUR/GBP. It should also be borne in mind that banks and card providers may charge additional fees for transactions.
| Account type | Spread (minimum value) | Withdrawal commission |
| Web account | from $6 | Yes |
| MT4 accounts | from $3 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that InterTrader does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.