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 moderate-risk broker with the TU Overall Score of 6.56 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 thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
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.
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- 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 Trading Conditions
| 💻 Trading platform: | Web-based platform, desktop platform, МТ4 desktop, МТ4 mobile |
|---|---|
| 📊 Accounts: | Demo МТ4, web account, MT4 account |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Deposit / 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 |
| 💱 EUR/USD spread: | 0,3-0,6 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 |
| 📋 Order 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
Video Review of InterTrader
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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.
Regulation and safety
InterTrader has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 20 years
- Strict requirements and extensive documentation to open an account
InterTrader Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
InterTrader Security Factors
| Foundation date | 2005 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker InterTrader have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of InterTrader with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, InterTrader’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
InterTrader Standard spreads
| InterTrader | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,9 | 1,4 | 0,5 |
Does InterTrader support RAW/ECN accounts?
As we discovered, InterTrader does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with InterTrader. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
InterTrader Non-Trading Fees
| InterTrader | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
InterTrader offers two types of accounts. Both of them allow you to trade CFDs and Forex without a dealing center. Leverage is from 1:5 to 1:200, depending on the traded assets and the client’s status. The minimum initial deposit is 500 USD/€/£, each subsequent deposit cannot be less than 50 USD /€/£.
Account types:
The broker’s clients can test the conditions on demo accounts, however, they are available only on desktop and mobile MT4 terminals.
This STP and ECN broker is primarily aimed at professional market traders. However, retail traders who can invest in Forex from $500 can also trade here.
Deposit and withdrawal
InterTrader received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
InterTrader provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Bank wire transfers available
- No withdrawal fee
- Low minimum withdrawal requirement
- PayPal not supported
- BTC payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
What are InterTrader deposit and withdrawal options?
InterTrader provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill.
InterTrader Deposit and Withdrawal Methods vs Competitors
| InterTrader | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are InterTrader base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. InterTrader supports the following base account currencies:
What are InterTrader's minimum deposit and withdrawal amounts?
The minimum deposit on InterTrader is $100, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact InterTrader’s support team.
Markets and tradable assets
InterTrader offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 56 Forex pairs.
- Indices trading
- 56 supported currency pairs
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by InterTrader with its competitors, making it easier for you to find the perfect fit.
| InterTrader | Plus500 | Pepperstone | |
| Currency pairs | 56 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products InterTrader offers for beginner traders and investors who prefer not to engage in active trading.
| InterTrader | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The support team is active around the clock from Monday to Friday.
Advantages
- Operators answer questions by email within 1-2 hours
- Can be contacted via social networks
Disadvantages
- Doesn’t work on Saturdays and Sundays
- There is no online chat
InterTrader provides the following communication channels for its clients:
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phone;
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email;
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letter to this address: London EC2V 5DE;
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via ready-made contact form from the support section;
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via messenger on Facebook, Twitter, or LinkedIn.
Company representatives answer questions from clients, as well as traders who have not yet opened a trading account with InterTrader.
Contacts
| Foundation date | 2005 |
|---|---|
| Registration address | City Tower, 40 Basinghall St, London EC2V 5DE |
| Regulation | FCA, GFSC |
| Official site | https://www.intertrader.com/ |
| Contacts |
+44 203 364 5189
|
Education
The basic concepts of Forex and the principles of trading in the financial markets are described in the News&Insight section of this broker’s website. However, the information provided allows only a superficial study of the topic. On its platform, the company focuses on news and analytics, rather than educational materials.
The broker provides demo accounts, which are an effective tool for gaining practical trading skills without risking capital.
Comparison of InterTrader with other Brokers
| InterTrader | Eightcap | XM Group | RoboForex | Exness | Kama Capital | |
| Trading platform |
Desktop, Desktop MT4, Mobile MT4 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader5 |
| Min deposit | $500 | $100 | $5 | $10 | $10 | No |
| Leverage |
From 1:1 to 1:30 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.3 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
1% / 1% | 80% / 50% | 100% / 50% | 60% / 40% | 60% / No | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | Yes |
Detailed Review of InterTrader
This STP and ECN broker partners with various liquidity providers that offer the best prices for the traded asset. Most orders are executed by the broker on an over-the-counter (OTC) basis, but the stock trades are executed through a regulated market or multilateral trading system (MTF). At the same time, InterTrader executes transactions without a dealing center (NDD), which allows traders to trade directly at interbank rates. In addition to trading currency pairs and CFDs, its clients have access to transactions with shares of 250 leading companies in the UK, USA, Germany, Japan, and Australia.
InterTrader by the numbers:
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More than 12 years of experience in the Forex market.
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The parent company, Entain, has been in existence for over 20 years and is licensed in 20 jurisdictions on 5 continents.
InterTrader is a broker that offers optimal trading conditions for professional traders
This broker provides services to retail, professional, and institutional clients. InterTrader assigns a Professional status to a trader if he meets two of the three criteria, which are: he has made more than 10 transactions of significant volume per quarter within one year; has assets worth more than €500,000; and has been trading professionally in the financial sector for at least 12 months. The InterTrader Black premium service is available to clients who qualify. It allows you to trade stocks on margin, including over the phone, use algorithmic trading strategies, and participate in open and closed auctions through a personal manager.
InterTrader’s clients can trade through its proprietary desktop and standard web platforms, as well as MetaTrader 4 mobile and desktop terminals. Traders can choose the classic MT4 interface or the improved Direct MT4. Mobile apps are compatible with iPhone, iPad, and Android devices.
Useful services of InterTrader:
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Advanced trading charts from IT-Finance. Traders who use the proprietary desktop and web platforms get access to more than 70 indicators with the possibility to customize and fully utilize historical data.
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Autochartist. A tool to automatically analyze patterns and scan multiple markets in real-time.
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Economic calendar from Econoday. Schedule of upcoming global events in the financial sector.
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Newsfeeds on the site. Market-relevant news covers the main events of the week that can influence trading decisions. Each news item is carefully analyzed by financial experts at InterTrader and is accompanied by their comments and opinions.
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RANsquawk (also, Ransquawk) news feed. Contextualized economic news, analysis, and commentary in real-time from Sunday to Friday.
Advantages:
The broker offers STP and ECN accounts, which allow each client to choose the best option for routing liquidity.
The company guarantees safety to its customers. Its activities are controlled by regulators in the UK and Gibraltar, and traders’ funds are kept in separate accounts in European banks.
Residents of the UK do not pay tax on transactions with Forex instruments.
The broker provides a proprietary desktop terminal, web platforms, and the MT4 terminal, plus MT4’s desktop and mobile programs.
Clients are allowed to use expert advisors in the MetaTrader 4 terminal to automate analytical or trading processes.
Professional traders get access to the UK, European, and US stock exchanges, Level 2 quotes, and telephone dealing.
Due to the use of the No Dealing Desk model by InterTrader, there are no requotes when executing orders, that is, a new trader’s position is either opened at the requested price or rejected if there is not enough liquidity.
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