InterTrader is a reasonably well-established online Forex and CFD market-making brokerage launched in 2012. They are headquartered and regulated in Gibraltar by the Gibraltar Financial Services Commission. They offer traders the opportunity to trade a wide range of instruments wrapped as CFDs (Contracts for Difference), even including a selection of individual shares and futures contracts. InterTrader offer trading in 45 forex currency pairs, 10 commodities, 14 equity indices, and 2 cryptocurrencies across both major and minor financial markets, as well as rarer instruments such as 3 bonds and interest rates types. All accounts operate on a No Dealing Desk (NDD) execution model.
Two account types are offered, distinguished by platform of choice: either “MetaTrader 4” or “Web-Based”. The only difference between the two types is that individual shares may not be traded through a MetaTrader 4 account, while expert advisers (auto trading, trading robots) and FIX API may only be utilized through a MetaTrader 4 account. In other ways, the accounts are the same and differ only by trading platform.
InterTrader claims to offer a typical spread on the benchmark EUR/USD currency spread starting at about 0.6 pips, which would be extremely competitive at this minimum, for a broker offering such a low minimum deposit of only $1. No commissions are charged in addition to the spread, which floats, so what you see is what you get. As Gibraltar is covered by European Union regulations, clients enjoy guaranteed, legally binding negative balance protection, which ensures that clients cannot under any circumstances be liable for an amount greater than they deposit with InterTrader.
A maximum leverage of 30 to 1 is available in Forex trading, in line with new European Union-wide regulations. Lower maximums apply to most of the non-Forex instruments which are offered. All accounts offer a minimum trade size of 1 micro-lot (0.01 full lots).
Trading may be conducted as spread betting through all account types. This means that U.K. tax residents should be able to enjoy freedom from tax on any profits, if trading is not their primary source of income.
A demo account is available, as is typical with nearly all spot Forex and CFD brokers.
Scalping and hedging are allowed, and automated trading is possible through a MetaTrader 4 account.
InterTrader’s most notable feature is its market-neutral trade execution offering. What this means is that unlike most brokers, InterTrader never take the other side of their clients’ trades: they do not profit when you lose, nor lose when you profit. This effectively means that unlike most Forex and CFD brokers, they have no innate conflict of interest with their clients.
InterTrader offer trading in individual stocks and shares, and bonds and interest rates, as well as the usual range of Forex, major indices, and commodities. This could make it a suitable vehicle for traders who want to have at least partial exposure to investment-style, widely diversified trading, although of course as is typical, there is usually an overnight financing fee to pay for holding a position past the rollover time at the end of the global trading day.
InterTrader offer a relatively wide choice of trading platforms, offering a choice of MetaTrader 4, a proprietary advanced trading platform as a downloadable program, or a proprietary web-based trading platform. Trading may also be conducted through the ZuluTrader platform, which allows access of trade copying and social trading features.
InterTrader’s education offering includes a rolling program of trading webinars and a blog, as well as a basic FAQ section. It is lighter than the educational offering of many Forex/CFDs brokerages, but that is not necessarily a bad thing. Educational offering should not be a major reason for choice of Forex/CFD brokerage.
Bonuses and Promotions
Since bonuses and promotions have been prohibited under European Union regulations, and as this is the area which regulates InterTrader, no bonuses or promotions can be offered. However, spread rebates by volume are offered under a “Tradeback” program.
Depositing funds into an InterTrader account is an easy and secure process. Funding can be done using a few different methods, including credit cards, debit cards, bank transfers, and Skrill. Withdrawals are generally made through the same channel that deposits have been made through.
Customer support is based in London, offering support by telephone, chat, and email, 24 hours per day from Monday to Friday.
InterTrader has a well-rounded and professional offering for traders looking to trade a wide range of assets in the form of CFDs, particularly on individual shares and bonds and interest rates where it stands out from the crowd. Traders looking for access to a wide range of markets through a market-neutral brokerage will find their offer especially interesting, and quite possibly attractive enough to open an account.Back to Top
In terms of features, the stand-out strengths of this broker’s offerings are:
- A wide range of instruments available for trading: commodities, indices, cryptocurrencies, and Forex currency pairs; also, an extremely wide range of individual equities wrapped as CFDs, plus rarer instruments such as 3 bonds and interest rates types.
- Competitive spreads for small depositors.
- Negative balance protection.
- Regulated by a major industry center (European Union).
- Owned and managed by a well-established industry company with a reputation.
- Broker's Name : InterTrader
- Headquarter : Gibraltar
- Regulation : None
- Type of Broker : No Dealing Desk
- U.S. Clients Allowed :
- Maximum Leverage : N/A
Pros and Cons
- Competitive Spreads
- Wide Selection of Assets
- Minor Center
The MetaTrader 4 is an independent trading platform, developed for trading FX, commodities and other products and is one of the most advanced and easy platforms to use. It remains the gold standard of trading platforms.
In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.
Automated trading is also offered through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.
With this automated trading system clients may create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.
The MetaTrader 4 and platform apps can be used on iPhones, iPads, Multi-Terminal, and all Android devices.
Designed with simplicity in mind, InterTrader’s browser-based interface gives you a clear overview of your account and all your trading positions, and quick access to thousands of markets.
The heart of the trading platform is the trading ticket. You can call up a ticket for any market. Then just click BUY or SELL to place your trade at the current live price.
All orders are placed via 100% market-neutral execution, which means that InterTrader automatically mirrors trades in the underlying market, so they never carry any market risk against their clients.
The platform cinludes free access to a full range of news and research tools, including basic and advanced charts from IT-Finance, trading signals from Trading Central, and automated technical analysis from Autochartist and a live audio news service from Livesquawk.
There are no requotes.
ZuluTrade’s proprietary platform, providing a fully-fledged web-based Trading Station for Forex and CFDs manual trading.
Offers technical charts (Candlesticks, OHLC, lines) and indicators (Trend, Oscillators, volatility, volumes, Bill Williams etc.) you can tailor according to your trading requirements. In addition, ZuluScripts™ allows trading robots to be used or developed via your own algorithms to run your trading strategies.
Your account is always shielded against connectivity issues and can run EAs uninterruptedly without the need for a VPS.Back to Top
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