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InterTrader Account Types

InterTrader Account Types

 

Overall Rating

4.4/5

Rated #300 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

GFSC, FCA

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

2000

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

InterTrader provides numerous different account types. Each account type has its own set of conditions for commission, margin call, and leverage and minimum deposits.

Finding a reputable list about InterTrader account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Overview

InterTrader is a regulated broker who is headquartered in London.  Established in 2009, InterTrader is an award-winning broker who offers traders access to global markets.

InterTrader does have an outstanding service record of accomplishment. Throughout the previous few years, the broker has grown remarkably and stated a strong living growth. Since January 2022, InterTrader has capitalized at more than £5 billion.

This helps to ensure that traders are offered trade execution at the best possible prices at the best possible execution speeds. InterTrader is continuously working to improve its trading solutions and services to adapt to evolving needs and objectives of traders.

 

Account Types

InterTrader offers traders the option of various kinds of spread betting and CFD accounts. Traders will find that through this account, InterTrader offers competitive trading conditions along with comprehensive solutions and services.

 

Account Features

The InterTrader accounts provide traders with an array of features, including:

Spread betting and CFD type of accounts.

 

Market Instruments

InterTrader provides a wide selection of market instruments to suit the needs of its broad customer base. Spread betting and CFD trading involves shares, forex, bonds, indices, commodities, and interest rates.

The company offers Rolling Daily contracts, which will routinely roll over from day to day, as well as Futures, which will expire at a certain time and date.

Spread betting is flexible and provides countless online execution, if access to thousands of markets in the United States, Asia, United Kingdom, and Europe such as commodities, forex, shares, and indices.

  • No Dealing Desk execution
  • Full-featured trading platforms
  • Ultra-fast execution across the web and mobile
  • Low dealing spreads
  • One-to-one trading support
  • Expert webinars and pro trading tools

 

With just a margin deposit, CFDs such as FX, cryptocurrencies, indices, and numerous others can be traded.

  • No Dealing Desk execution
  • Full-featured trading platforms
  • Ultra-fast execution across the web and mobile
  • Low dealing spreads
  • One-to-one trading support
  • Expert webinars and pro trading tools
  • Go long or short with tax-free* spread betting or multi-asset CFD trading. Margin trading, you can trade shares while increasing the leverage of your capital.

 

Professional clients can also benefit from DMA execution and phone dealing on equities, with the InterTrader Black service.

 

Fees

InterTrader strives to offer the lowest fees by offering tight spreads. Charges for shares are added to market spreads and are taken as a commission for the United Kingdom and European share CFDs.

InterTrader’s professional customers can lower costs through its unique loyalty rebate TradeBack.

TradeBack gives a chance to receive an automatic rebate irrespective of how much a customer has earned if a combined spread cost of over £500 is made during the month.

  • UK 100 (Rolling Daily) the Spread is at 1 point
  • Germany 30 (Rolling Daily), the Spread is at 1 point
  • Wall Street (Rolling Daily), the Spread is at 1.6 points
  • US Tech 100 (Rolling Daily), the Spread is at 1 point
  • Silver (Futures), the Spread is at three points
  • Gold (Rolling Daily), the Spread is at four points
  • Brent Crude (Rolling Daily), the Spread is at three points
  • US Crude (Rolling Daily), the Spread is at three points
  • US Crude (Rolling Daily), the Spread is at three points
  • UK 100 shares, the Spread is at 0.1% per side
  • Major US shares. Spread is at 2.95c per side
  • EUR/USD (Rolling Daily), the Spread is at 0.6 pips
  • EUR/GBP (Rolling Daily), the Spread is at 0.9 pips
  • USD/JPY (Rolling Daily), the Spread is at 0.7 pips
  • AUD/USD (Rolling Daily), the Spread is at 0.9 pips
  • GBP/USD (Rolling Daily), the Spread is at 1.2 pips

 

Deposit and withdrawals

InterTrader customers have fewer deposit and withdrawal options to choose from than other brokers. One of these includes registering a card on the platform and making secure online deposits into their accounts via:

  • Debit card
  • Credit card
  • Bank wire transfer
  • Skrill
  • eWallets

 

Bank transfers for GBP, EUR, or USD deposits, as well as online Skrill deposits, are popular options. No third-party deposits are allowed because of money laundering regulations.

 

Islamic Account

InterTrader does not offer Muslim traders who follow Sharia law the option of an Islamic Account.

 

Demo Account

InterTrader offers traders the option of opening a Demo Account which can be utilized in many ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore xxxx’ trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

InterTrader demo account sign-up is fully digitalized and hassle-free.

It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice, and on their web browser.

 

Overall Rating

4.4/5

Rated #300 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

GFSC, FCA

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

2000

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which are seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

InterTrader does not offer an Islamic Account to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which differ vastly from the individual account such as minimum deposit, spreads, and more.

Traders who are interested in registering for an Islamic account must contact their broker’s customer support to verify the details of the account as conditions may have changed from the time of writing.

These changes are as per the broker’s discretion and/or changes in market conditions.

 

Pros and Cons

✔️ PROS ❌CONS
Well regulated High minimum deposit
Demo account Limited deposit and withdrawal options
Segregated accounts No Islamic Account for Muslim traders who follow Sharia Law.
Protected compensation fund
Award-winning broker

 

You might also like: InterTrader Demo Account

You might also like: InterTrader Fees and Spreads

You might also like: InterTrader Minimum Deposit

You might also like: InterTrader Sign Up Bonus

 

InterTrader at a Glance

Broker’s Name InterTrader
Headquartered London
Year Founded 2009
Regulating Authorities FCA
Countries not accepted for trade US
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts Yes
Managed Accounts No
Maximum Leverage 1:30
Minimum Deposit $500
Deposit Options ·         Credit cards

·         debit cards

·         Visa

·         Mastercard

·         E-Wallets include:

·         Skrill

Withdrawal Options ·         Credit cards

·         debit cards

·         Visa

·         Mastercard

·         E-Wallets include:

·         Skrill

Platform Types InterTrader, MetaTrader 4, Sigma Trading
OS Compatibility Web browsers, Windows, Linux, macOS, Android, iOS
Tradable Assets Major trading instruments

Forex

Indices,

Cryptocurrencies

CFDs

Languages supported on Website English, German, French, and Spanish.
Customer Support Languages English, German, French, and Spanish
Customer Service Hours 24/5

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with InterTrader?

You can trade the following financial instruments:

  • Major trading instruments
  • Forex
  • Indices
  • Cryptocurrencies
  • CFDs

 

Which platforms are supported by InterTrader?

  • InterTrader
  • MetaTrader 4
  • Sigma Trading

 

Does InterTrader offer leverage?

Yes, InterTrader offers maximum leverage of 1:30.

 

What spreads can I expect with InterTrader?

You can expect spreads that start from 0.6 pips for the USD/EUR. They offer tight spreads depending on the financial instrument and several other factors.

 

Does InterTrader charge commission?

Yes. InterTrader charges commission on CFD Instruments. Traders must verify this information with the broker as it is not stated on the website.

 

Are there additional charges on the Islamic account?

InterTrader does not make provision for an Islamic Account for their Muslim clients who follow Sharia Law.

 

Is InterTrader regulated?

Yes. InterTrader is regulated by FCA.

 

Is InterTrader a recommended forex trading broker for experts and beginners?

Yes. InterTrader caters to both beginners and experts.

 

What is the overall rating out of 10 for InterTrader?

5/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does InterTrader offer a demo account?

Yes.

 

For how long is the demo account valid?

30 days.

 

Does InterTrader offer the option of an Islamic Account?

InterTrader does not offer an Islamic Account.

 

Which live trading accounts does InterTrader offer?

Spread betting and CFD type of accounts.

 

What are the available deposit currencies for a live trading account?

USD/GBP/EUR.

 

Deposits and Withdrawals

 

What is the minimum deposit for InterTrader?

$500.

 

How do I make a deposit and withdrawal from InterTrader?

  • Debit cards
  • Visa
  • Mastercard
  • E-wallets include:
  • Skrill

 

Does InterTrader charge withdrawal fees?

There seem to be no charges for withdrawals from InterTrader, but other financial institutions’ costs may apply.

 

How long does it take to make a withdrawal?

This will depend on the payment method used. It can take between 30 minutes up to a few working days.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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