Fancy Trying a Broker with No Dealing Desk? Read our InterTrader Review
InterTrader is a company based in the UK, that offers trading in market financial derivatives, including CFDs (Contracts for Difference), spread betting, and Forex trading. In 2010, it became part of Bwin.Party Digital Entertainment, and is the trading name of London Capital Group. InterTrader.com, first came about in 2010, when it was launched by PartyGaming as a spread betting enterprise. Its aim was to offer financial market trading services as part of their online gaming firms. It merged with Bwin in 2011, and in 2012, IT-Financial charts, a charting tool for trading platforms and financial websites was added. February 2016, saw bwin become part of an even bigger online gaming company, when it was acquired by GVC. GVC Holdings PLC is a multinational sports betting and gaming group, which is listed on the Official List and traded on the main market of the London Stock Exchange. Some other noteworthy names who are part of GVC include partypoker and Foxy Bingo. Over recent years, InterTrader has received a number of prestigious awards, and had the highest average client satisfaction score, in relation to value for money, when compared with other UK spread betting firms. And this was for the second time in the past three years.
As InterTrader is the brand name of London Capital Group, it comes under LCGs license, and is authorised and regulated by the FCA (Financial Conduct Authority), in the UK. With its enviable history going back more than two decades, and a list of connections any business would be proud to boast of, InterTrader is definitely up there with the best.
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MetaTrader 4 and its very own InterTrader trading platform
Those of you reading this InterTrader review who are familiar with the popular MetaTrader 4, will be pleased to learn this option is offered. But InterTrader are also able to offer a more than adequate alternative, in the form of its own trading platform. All platforms are completely free to use, and if you prefer to trade while on the move there are mobile InterTrader trading apps, compatible with a wide range of mobile devices. There are plenty of research and analysis tools and all the expected features such as stop losses and cash outs. The system boasts a 94% success rate for automatically executed trades and there is the promise of no re-quotes. Another important factor to consider is the offer of low margin rates and tight spreads on all it’s offering.
InterTrader brings some excellent special offers
As a way of enticing new customers in, InterTrader has an interesting welcome offer. Earn anything from between £50 and £10,000 in the form of welcome credit for new trading accounts. The offer is available for a limited time, when a live InterTrader Direct account is opened on the web-based platform. For every deposit over £500 they will top it up by up to 10% in trading credit. There are a couple stipulations. The first deposit of over £500 has to be made within the first 6 months of opening the account. And in order to convert the trading credit to cash and withdraw the funds, a trader will need to place trades with a total stake of at least double the trading credit amount.
The other offer is a refer a friend program which means you could receive as much as £1,000 for introducing a friend to InterTrader. The bonus is given when the friend signs up, and the friend can receive a £100 bonus as well.
What makes InterTrader such worthy competition?
There is a lot to interest the beginners, or those with relatively little experience. One aspect that is going to be attractive is it allows you to place limit orders. But even more of an advantage is the InterTrader system enables you to trade with small minimums. Both these factors will give you plenty of time to boost your confidence. As InterTrader is an FCA regulated broker, customer funds are held separately from funds used for trading. With regards to customer education, there are a number of frequent webinars, to help investors get to grips with spread betting, and also to help more experienced traders refresh their skills, and pinpoint any worthy opportunities.
InterTrader runs a loyalty programme, and anyone with a live InterTrader Direct spread betting or CFD account is automatically entered. The programme is a cashback scheme that increases the more frequently you trade. The high level entitles clients to 10% of the trading fees back into their account.
One big advantage of trading with InterTrader, is the fact it is part of a large online spread betting and gaming group. Which means it’s always going to be in tune with the latest developments in the industry.