Intertrader Review: Discover Advanced Trading Features and Personalized Support
Considering the company registration in the strictest country in Europe, there shouldn’t be mistakes. Although, there are almost 30% of negative reviews about the company.
To find out what traders stress about the most, you should read this Intertrader review carefully. After this honest in-detail analysis you will be ready to choose your broker.
Who Is Intertrader?
InterTrader Limited is a company registered in the UK. London, to be precise. Since 2009 they provide FX and CFD trading services and spread betting. Practically, in some jurisdictions that’s considered gambling.
But also, Intertrader company is registered in Gibraltar. Yet, to do spread betting in the UK, you need to have proper authorization.
|Legal name:||InterTrader Limited|
|Registered in:||Gibraltar, UK|
|Financial Authorities Warnings:||N/A|
|Contacts:||Phone: +44 203 364 5189
Email: [email protected]
|If a withdrawal is possible:||Yes|
|Fees:||3% withdrawal fee for Skrill|
|If Active on Social Media:||Yes – Youtube, Instagram, LinkedIn, Facebook, Twitter|
|Investor Protection:||Yes – Segregated bank accounts for deposits|
After reviewing the licenses provided by this broker we can see some irregularities. Indeed, they are registered in GFSC and FCA registers. However, under the same license operates Alvar Financial Services Limited.
In general, if the broker has FCA regulation there shouldn’t be room for worries. However, some traders in Intertrader reviews wouldn’t agree.
Generally speaking, there is nothing spectacular with this broker. They offer only an MT4 trading platform which is quite positive. However, every other broker has this or similar software.
A huge downside is that the company doesn’t offer highly attractive crypto trading. Instead, they offer spread betting. But that might be an issue for some countries. So, practically you are limited with this broker. In some cases even restricted.
|Trading platforms:||MT4, Proprietary web and desktop app|
|Account types:||Web, MT4|
|Financial Instruments On Offer:||
|Commissions/bonuses:||3 units of commission/bonuses are available|
|Education or Extra tools:||News & analytics|
Intertrader Clients’ Reviews: What clients can tell us?
Intertrader broker with their not-so-unique offer works more than 10 years in the financial market. Thus, they didn’t manage to build up so reliable reputation among traders.
In fact, with only 21 reviews on Trustpilot, there is already almost 30% of negative ones. Traders mainly reported harassment and inadequate document requirements. But also withdrawal policy issues. To learn more about how to understand the policies and protect your funds at all times, book your consultation with our team today.
Intertrader Investment Products
The Intertrader offer consists of 4 major instrument classes. Those are forex, commodities, indices and shares. As mentioned earlier, they don’t offer crypto trading.
Even though they are FCA-regulated broker, some traders might opt for other choices. Simply because of limited software and instrument availability.
Intertrader Types of Accounts and Their Features
Trading accounts only differ by the software you are using. Since there are only two options, you can use:
- Web account
- MT4 account
The main difference comes from spreads where MT4 account spreads start from 0.3 pips. On the other hand, a Web account gives you spreads from 0.6 pips. Also, MT4 allows you to use FIX API services, but also there is a commission of $6 for a round turn. The minimum deposit is $500 for both accounts.
On the positive side, with both software traders can choose a demo account first. Since the broker doesn’t have micro accounts this is the most suitable risk-free option.
Traders can test the software, functionalities and get used to the platform. However, some traders reported potential calling issues so that would leave you exposed.
Practically, spread betting is quite similar to binary options. We are sure you have heard about those.
At some better times, that was very attractive for traders.
On the other hand, those were banned for good. Because there was a lot of manipulation and irregularities. With Intertrade FCA-regulated broker that shouldn’t be an issue. However, company reviews don’t raise much hope.
Available Trading Platforms
There are two choices. You can choose between Intertrader MT4 platform or the proprietary one. In either case, you can trade on mobile apps dedicated to every app.
However, only with the proprietary app you can do spread betting. While on both platforms you can do regular trading.
The only educational material can be found in News & Insight section on the website. The latest articles and a basic understanding of trading and spread betting are provided.
But, luckily there are PAMM and MAM accounts where traders don’t have to worry about learning. Also, there are automated advisors that can help you gain profits.
Deposits and Withdrawal Methods
Intertrader funding methods are quite standard ones. You can choose between:
- Debit and Credit cards
- Wire/Bank transfers
Processing time varies depending on the method but it’s important that you don’t have deposit fees. Unlike Skrill withdrawals where you have to pay 3% fee. Important to realize is that only amounts higher than $1.000 don’t have a withdrawal fee. Everything less than that will be charged with 5 units except for the first withdrawal in a day. Thus, there might be payment provider fees.
Pros and Cons of Intertrader
The positive about this broker is their highly reputable licensing. Also, they are completely transparent about their services. Yet, many traders are not satisfied with their services. Primarily with support, but also with policies. In the end with withdrawals.
In general, it’s very strange for a broker like this to have such reputation. Ultimately, the decision is yours if you will trust them or not.
Conclusion of Intertrader Broker Review
Whether you like this review or not, you will decide on your own. Firstly, you can try a demo account with the broker, but that’s not a realistic picture. Also, a minimum of $500 is quite high for testing out. Instead, you can find many more Tier 1 licensed brokers. Especially ones with a lower minimum deposit and micro-accounts for inexperienced traders.
In case you are still looking for a trusted broker on your side, feel free to sign up for a consultation. Without any obligations and costs, you can get a list of trusted brokers. Get in touch today!
Does Intertrader offer leverage?
Yes. Even though FCA limits leverage to 1:30, you can get higher leverage up to 1:200 in some cases.
What spreads can I expect with Intertrader?
Depending on the instrument and account type you get floating variable spreads. Generally, they are starting from 0.3 pips
Is Intertrader regulated?
Yes. Intertrader broker has a highly trusted FCA license, but also a license issued by Gibraltar FSC.
Does Intertrader charge withdrawal fees?
There is only information about withdrawal fees for Skrill that are 3%. For other methods, should be free. Yet, some reviews reported potential withdrawal issues overall.