InterTrader Review: A Reputable Brokerage
InterTrader, trading name InterTrader Limited, originally known as PartyMarkets had its beginnings in 2008 through a partnership with City Index. GVC Holdings Plc owns and controls InterTrader which is a huge advantage for the brokerage. GVC Holdings is known as one of the biggest online sports betting and gaming company groups globally. They are listed on the FTSE 250 as GVC. They have a market capital of upwards of six billion UK pounds.
Not only does InterTrader have the best backing but they are also regulated and authorized by the Gibraltar Financial Services Commission as well as registered with the Financial Conduct Authority (FCA) in the United Kingdom. While they are not directly regulated by the (FCA), they are authorized by the European Economic Area (EEA) to bring services throughout the European Union and are explicitly required to follow all of the guidelines that are laid out by the regulatory agencies in protecting the investors against any chances for financial abuse.
InterTrader is centered in Gibraltar with a majority of their business in the UK but also in Germany, Spain and France. Their integrity has given them the reputation as such that they have been able to obtain licensure in several jurisdictions to where they are able to bring services to traders all across the globe.
The GFSC provides clients with the security that if the company becomes insolvent, there is a comp fund scheme to take care of them. InterTrader parent company, however, wanted to make sure clients felt super secure providing an even higher limit besides what the GFSC offers should the company go bankrupt.
InterTrader also segregates client accounts in tier-one qualified banks where the traders’ monies and assets are kept completely separate and secure away from the brokerage funds and assets. They are a market-neutral broker which broken down basically means that they do not trade with their clients. They are a completely hedging company and do not have a dealing desk. This for them eliminates any and all possibilities for conflicts of interest between a broker and his client. InterTrader wants to offer their clients direct, no-fuss and transparent access to the market inclusive of speedy execution and that’s what they do.
This is a great platform for the beginning trader. It is speedy, simplistic, supports numerous watchlists, guaranteed stops, trading signals, live audio feeds, research tools that are good for beginners as well as advanced.
This is definitely industry proven to be efficient as well as reliable. It offers automated trading, a comprehensive charting package, its own built-in language program, support of expert advisors (EAs), 30 technical indicators for both historic and live data, multiple order types.
This was launched by Netdania to be superfast, market neutral. It is the best user-rated app for trading in the world. Trade directly from the chart, will support news feed, price alerts, personal chart customization, optimized so that can perform on tablet as well.
Zulu is an automated social platform where you can gather thousands of traders and you are given the option as to whether you want to follow their signal for free. It would give you access to all of their different tips and tricks and how they go about making their different trades.
With InterTrader there are 46 forex currency pairs with a leverage max of 100:1. If you choose to trace the indices and commodities, you will have a leverage max of 200:1.
This account is only available to the United Kingdom clients. You are given leverage exposure to price movements without actually having to buy physically.
This is a flexible and cost-effective way to trade the financial markets on margin. Instead of the ‘push/sell’ for the underlying instruments, the trader can buy or sell a ‘contract’ which will replicate this profit or loss of the intended trade only putting down a fraction for the contract value.
This is the perfect opportunity for a trader whether new or professional to try out the different platforms and see which one works for you. It will teach you how to work your way around, learn the tools, see what all the platform has to offer, all the little nooks and crannies of it before you actually go live.
Deposits and Withdrawals
Bank deposits and withdrawals are very safe and secure with InterTrader as well as reliable. They offer the most encrypted technology available to make sure your financial and personal information remains safe from any third-party hackers. For deposits there is a minimum of $500 deposit. Payment methods include bank wire transfer, credit card, web wallets-Skrill.
Withdrawals need to be made in the same manner that the deposits are made. You can make your deposits using Great British pounds, USD, or Euros. Payments will be processed within a twenty-four hour timeframe. They will usually reflect on your account between the third to fifth business day if you pay by card. With a bank transfer, it will most likely show between the fifth to seventh business day. For Skrill, you should see it within twenty-four hours.
A welcome bonus upwards of 10% on your initial deposit up to the max value of 10,000 UK pounds. The more that you put in as a deposit, the bigger your bonus will be.
There is also a 100 UK pound bonus for your first 100 UK pound deposit that you make into your trading account.
This one is only for those choosing the web-based platform. The highest-frequency traders can take advantage of what is called ‘Tradeback’ factor. This is especially true if they trade in large volumes each month. It’s a rebate-type feature which is a reward-based structure InterTrader has aimed to offer cashback to traders who transact a particular number of lots per month.
All of the bonuses are subject to several restrictions that apply prior to the funds being withdrawn from your account.
Intertrader offers commission-free trading. The pricing is based on which platform you utilize. For the MetaTrader 4 minimum is 0.3 pips and for the web-based minimum is 0.6 pips.
InterTrader offers a variety of third-party research tools for their clients stemming from Trading Central and Autochartist which will include pattern recognition, trading signals, technical analysis comes to you from IT finance, as well as an economic calendar. There are daily blogs and webinars that the brokers themselves provide regularly.
Customer service is provided to InterTrader’s clients 24/5 by way of live chat, email, telephone. There is a FAQ page on the site with more often asked questions where you will be able to find solutions to what may be a more basic issue rather than having to contact someone. The physical addresses for the main branches are listed on the website in case you wanted to actually go to the office or perhaps mail something to them. InterTrader has received awards for the level of customer support that they provide to their clients.
PROS AND CONS
InterTrader seems to be a very client-focused brokerage from the way that they are regulated, insured, have the no-conflict-of interest attitude, superior customer service, bonuses for the clients. It’s really difficult to find a business that seems to be completely centered around what is best for their client. This company seems to be.
InterTrader’s parent company offers additional funds on top of what the governing agency offers in case there happens to be insolvency.
You are offered your choice of trading platforms.
You only need a minimum of $1 to put down in order to open up an account. If you want to take advantage of any of the bonuses, you may want to think about doing a little bit more than that, though.
This is a regulated, authorized broker who also holds many licenses to bring services to various countries.
InterTrader is protected by the general overall stability of the parent company who has an incredible presence in upwards of fourteen countries having a professional and knowledgeable staff of well over 32,000 who work in over twenty different offices throughout the world.
They offer market-neutral execution at 100%.
- There is a limited amount of trading account.
- Their education was not easily located or outlined.
- It was really tough finding a genuine negative with this one. The only real thing was the lack of real options for trading accounts.
InterTrader has received numerous rewards over the years for their services, their trading expertise as well as their functionality, e.g. Best Value for Money Award which they received for four years, Best Spread Betting Operator Award for two years, Best CFD Provider Award, and the list could go on. They seem to be the role model when it comes to how to operate proficiently as a respectable, responsible, reliable and trustworthy brokerage. They have a substantial list of traders who follow them and have gained the respect of their competitors worldwide. They may be fairly new on the block, but they are certainly making an impression.