Independent rating of Forex broker Intertrader

About company

Intertrader is a trading name of Intertrader Limited, which is owned and controlled by Entain PLC. Intertrader Limited is authorized by the Gibraltar Financial Services Commission and subject to limited regulation by the Financial Conduct Authority. Registered address: Suite 6, Atlantic Suites, Europort Avenue, Gibraltar. Intertrader positions itself as a broker specialized in marginal trading and offers execution and clearing for several asset classes. Client money is kept in segregated accounts in one of the largest UK financial institutions. In August 2018, Intertrader purchased Sigma Trading, a London financial broker. This derivative-oriented company was known for its multi-year experience. Since the merger, the broker has been offering professional services of premium class, including telephone talks with a team of experienced traders.

Trading conditions

Intertrader offers the following trading services:

• bets on spreads and CFDs without dealing centers
• neutral market execution of orders on stocks, ECN / STP FX etc.
• phone number to contact a team of experienced traders
• Prime brokerage services for institutional trading

Intertrader provides its experienced clients with a discount on spreads via Trade Back, a unique wholesale discount program. However, to receive the discount, traders should pay a total spread value of more than £500 within one month.  In this case, they will automatically get a discount, regardless of their income. The broker recommends that newbies open a demo account to polish their skills in spread betting and CFDs trading. A demo account can be opened by means of the MetaTrader 4 trading platform and its mobile version. On the company’s official website, there is no information about the minimum deposit and live account opening.

Trading platform

To make bets on spreads and trade CFDs, the company’s clients apply the No Dealing Desk web platform. Moreover, traders can make use of the popular MT4 trading platform as well as such a leading platform as ZuluTrade.

Support service

Intertrader provides its clients with around-the-clock support from Monday to Friday around-the-clock. Traders can contact a manager via a phone number or email. They can also follow the company’s news in social networks and messengers.

Traders’ reviews

There are only a few reviews about the broker’s services. We cannot rely on them to paint a picture of the company.

Advantages:

• wide array of trading instruments
• demo account
• several trading platforms

Disadvantages:

• few ways to contact support service
• uninformative website