InterTrader
Pros and Cons
Pros
- Regulated by Gibraltar Financial Services Commission
- Diverse range of trading instruments including forex, commodities, and indices
- Advanced trading platforms: MetaTrader 5, web version, and mobile app
- 24/7 customer support in multiple languages
- Commitment to customer education with resources like webinars and tutorials
Cons
- High minimum deposit of 100 GBP/EUR/USD
- No cent accounts available
- Limited educational resources for traders
- No 24/7 customer support
- Withdrawal fees may apply for amounts below a certain threshold
Basic Information
User Reviews
InterTrader Overview
InterTrader is a financial brokerage firm that has been operational for over a decade, having been established in 2009. The broker is headquartered in Gibraltar and is regulated by the Gibraltar Financial Services Commission. With a commitment to providing a transparent trading environment, InterTrader operates under the trading name of Alvar Financial Services Limited and adheres to industry standards to ensure clients’ interests are safeguarded.
As a broker, InterTrader offers a diverse range of trading instruments, including forex, commodities, and indices, catering to various trading strategies. The broker provides access to advanced trading platforms that feature tools for analysis and effective trade execution. Customer support is available around the clock, ensuring traders receive assistance whenever needed. Unique advantages of InterTrader include a market-neutral operating model and a dedication to customer education, making it a notable option for both novice and experienced traders looking to engage in the forex market.
Is InterTrader Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Gibraltar Financial Services Commission | Gibraltar | Segregated Funds, Investor Compensation Scheme |
Is InterTrader Regulated and How Are Client Funds Protected?
InterTrader is a regulated brokerage firm operating under the auspices of the Gibraltar Financial Services Commission. This regulatory oversight ensures that InterTrader adheres to strict compliance standards designed to protect clients’ interests and maintain market integrity. Client funds are safeguarded through several measures, including segregation from the company’s operational funds and coverage under the Gibraltar Investor Compensation Scheme (GICS), which allows clients to recover up to €20,000 in the unlikely event of the broker’s insolvency. Additionally, InterTrader has taken steps to insure client funds individually up to €1 million with Lloyd’s of London, enhancing the safety of clients’ investments. This combination of regulatory oversight and fund protection measures contributes to making InterTrader a safe and legit choice for traders looking to engage in the financial markets.
Trading Products and Services
What trading instruments does InterTrader offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, USD/JPY), Minor Pairs, Exotic Pairs | Varies |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
InterTrader provides a broad array of trading instruments, covering key asset categories like forex, commodities, indices, stocks, and cryptocurrencies. This diversity allows traders, whether they are beginners or seasoned professionals, to engage with the markets using a variety of strategies. For instance, forex trading offers liquidity and flexibility, catering to both short-term traders and long-term investors. By supporting multiple asset categories, InterTrader enhances portfolio diversification, enabling users to adapt their strategies to changing market conditions and optimize their trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does InterTrader Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and experienced traders | Low spreads, flexible trading options | Minimum deposit of 100 GBP/EUR/USD |
| Professional Account | Experienced traders | Higher leverage, advanced trading features | Requires trading volume qualifications |
| Demo Account | New traders | Practice trading without risk | Available after minimum deposit |
Account Opening Process
Opening an account with InterTrader is a straightforward process. Traders need to provide personal, employment, and financial information through the online registration form. Identity verification is required, which includes submitting a scanned copy of an ID and proof of address. Once the account is set up, traders have the flexibility to upgrade to a professional account later if they meet the necessary qualifications.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.6 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (USD/JPY) | 0.7 | $0 (ECN: $3.5/lot) | Competitive for major pairs |
| CFDs (UK 100) | 1 | $0 | Low cost for index trading |
| CFDs (US Tech 100) | 1.6 | $0 | Effective for tech index trading |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
InterTrader does not charge deposit fees for funding accounts. However, there may be withdrawal fees for amounts below a certain threshold and currency conversion fees may apply. Inactivity fees may also be applicable if an account remains dormant for an extended period. Additionally, overnight interest (swap rates) may be incurred for holding positions overnight.
Trading Platforms and Apps
What Trading Platforms and Apps Does InterTrader Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Web, Windows, macOS, iOS, Android | Secure logins (encryption), market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | Any device with internet access | Quick access to trading, market analysis tools, customizable interface | Integrated trading tools |
| Mobile App | iOS, Android | Real-time data, customizable charts, push notifications, account management | Access to trading tools |
The MetaTrader 5 platform offers advanced features suitable for both novice and professional traders, allowing for comprehensive market analysis and various trading options across devices. The web version provides convenient access and user-friendly tools for quick trading decisions, while the mobile app ensures that traders can manage their accounts and receive real-time alerts on the go. InterTrader emphasizes secure logins and efficient execution across all platforms, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1-3 business days | No platform fee | Min 100, Max 20,000 | GBP, EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min 100, Max 10,000 | GBP, EUR, USD |
| e-Wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge for deposits | Min 50, Max 5,000 | GBP, EUR, USD |
Minimum Deposit
InterTrader requires a minimum deposit of 100 GBP/EUR/USD to open a retail account. This amount is consistent across the various funding methods available and does not vary by account type or region.
How to Withdraw
- Log in to your InterTrader account.
- Navigate to the ‘Withdrawals’ section.
- Choose your preferred withdrawal method.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your withdrawal request.
- Monitor the processing status in your account dashboard.
Customer Support
InterTrader Customer Support Overview
Support Channels
InterTrader provides multiple options for traders to contact customer support for assistance. These include:
- Email: Traders can reach out via support@intertrader.com for inquiries and assistance.
- Live Chat: Available on the InterTrader website for immediate support.
- Telephone: Customers can call +44 (0) 20 3364 5189 for direct support.
- Social Media: Engage with InterTrader through their official social media channels for updates and support.
Service Availability
InterTrader offers customer support 24 hours a day, 7 days a week, ensuring that traders can receive help whenever they need it. The support team is multilingual, catering to a diverse clientele, with services available in various languages.
Additional Resources
To enhance the trading experience, InterTrader offers educational materials, including video tutorials, webinars, and market analysis. These resources are designed to empower traders with knowledge and improve their overall understanding of the markets.
Frequently Asked Questions
Yes, InterTrader is regulated by the Gibraltar Financial Services Commission. Client funds are protected through several measures, including segregation from the company’s operational funds and coverage under the Gibraltar Investor Compensation Scheme, which allows clients to recover up to €20,000 in the event of insolvency. Additionally, InterTrader has insurance for client funds individually up to €1 million with Lloyd’s of London.
InterTrader offers a wide range of trading instruments across multiple asset categories, including forex (major, minor, and exotic pairs), commodities (such as gold and crude oil), indices (like S&P 500 and FTSE 100), stocks (including major US and UK companies), and cryptocurrencies (such as Bitcoin and Ethereum). This diversity supports various trading strategies for both novice and experienced traders.
Opening an account with InterTrader is a straightforward process. Traders need to provide personal, employment, and financial information through an online registration form. Identity verification is required, which includes submitting a scanned copy of an ID and proof of address. After account approval, traders can start with a retail account and later upgrade to a professional account if they meet the necessary qualifications.
InterTrader offers multiple support channels. Traders can contact customer support via email at support@intertrader.com, use the live chat feature available on the website for immediate assistance, or call +44 (0) 20 3364 5189 for direct support. Customer support is available 24/7 and provides assistance in multiple languages.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.