InterTrader Review
User Rating: 7
Sign-up Bonus: £1,000 bonus for new customers, they will top up your first deposit by 10%, up to a maximum of £1000. Plus monthly rebate of up to 10% of your trading costs.
Overnight Financing Costs: Base Rate +/-2%.
DMA: No
Key Spreads and Commissions and Margin Requirements:
FTSE100 Daily: Spread: 1 (5)* Margin Requirement: 30Dow Jones Daily: Spread: 2 Margin Requirement: 50
UK Shares Rolling Daily: Spread: 0.20% Margin Requirement: 3%
EU Shares Rolling Daily: Spread: 0.20% Margin Requirement: 5%
US Shares Rolling Daily: Spread: 0.20% Margin Requirement: 5%
* - Spreads in brackets indicate 'out of market hours' spreads.
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About InterTrader
A broker with a truly global reach, InterTrader is the provider of choice for many CFD traders, not to mention spread bettors and forex traders, as a low cost, low margin broker with a wide range of markets to choose from. Covering the full spectrum of instrument types from CFDs to forex, InterTrader is a slick operator with a slick trading platform that is pleasant and intuitive to trade, and a good service offering for traders of all stages in the form of the combination between low costs, market selection, leverage potential and, as a consequence, earnings potential. InterTrader is a perennial contender in most CFD broker searches, and compares well with most other top tier brokers on the market.
Notable Benefits
InterTrader is known as being a low cost CFD broker, and this is a reputation they live up to rather well. The spreads they offer on their range of markets are almost universally thin, and financing costs low, making it very cost effective to do business with InterTrader on the whole. This translates into less costly commissions and more trading yields in your pocket, which can never be too bad a thing. As a low cost option that doesn't skimp on the platform or the quality of the trading and the customer service experience, InterTrader is understandably a popular choice for CFD traders of all ages and experience levels.
Similarly, traders can leverage up their CFDs to their fullest potential, thanks to low margin requirements across the board. This effectively means that InterTrader's leverage terms are more generous than many of its competitors, allowing traders to experience the maximum, full-throttle impact of leveraged CFD trading. Of course, this means earnings are potentially higher and trading is potentially on the whole a bit more lucrative, but also that the lower margin requirement means a greater potential for losses than through more modestly geared CFD brokers.
New InterTrader customers are also in the fortunate position of being able to benefit from a bonus of up to £1000 as a 10% top up on their first deposit - a hefty advantage for traders choosing InterTrader as their broker of choice. This is amongst one of the more generous bonus packages available, and makes InterTrader a highly credible option for anyone looking to maximise their benefit in choosing a CFD broker.
Incentives & Bonuses
For customers signing up with InterTrader to make their first deposit, a bonus of up to £1,000 is payable, as a 10% top up on the sum of your initial capital deposit. This can add serious benefits to your initial trading performance, giving you 10% capital growth up to £1000 for free on your first deposit, simply for choosing InterTrader over a competing broker. This means more investment capital you can put to work. Moving forward, the consistently low spreads and commissions charged on InterTrader positions means it's a cost effective option for traders long-term, over and above its immediate short term benefits.
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Inter Trader Customer Reviews
There are 2 customer review(s).
Review by despe906.blogspot.com on 2011-05-25
Rating: 10Good choice
Hello traders. It's the best broker I've ever had. The platform look rudimentary at first but with time I found it ok. There is no slippage at all. In the fraction of second between I decide to click and I click, sometimes I notice the pip change, so I am sure the deal price will be 1 pip higher or lower. Sometimes the deal window will say 'the deal price inadequate' and this halt provided me with gains only as I scalp in the direction of price move. Charts are feeded from it-finance.com so bear in mind that there is contstant jig-saw 1-3 pip difference, but if you trade small frame charts (or not) you must look at the the deal window, which is the main source of price data. Great fixed 1 pip spread on : Eur/Usd, Usd/Jpy, Eur/Gbp, Aud/Usd, Dax, Ftse. Bonds, shares and even sugar - all spreads thighter than with IG Index. The platform - web based - is fast and and intuitive. Everybody can try their demo – bear in mind though that demo charts are lower quality.
Review by Steve Murphy on 2011-01-07
Rating: 3Functional but 1 bug gripe
I found this site very easy to use and the graphs & technical analysis were very good. However, one major gripe is that at times their system which determines the 'ticks' for the 'bid' price goes a little crazy resulting in huge drops in the bid price. I have suffered this a number of times resulting the potential of large losses especially if you set the stop price high. An example of this poor bid price is 7/1/2011 at 13:30 UK time when CKSN bid price on Intertrader fell to 640.8p when the actual lowest market price I could find elsewhere was 654p.