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InterTrader Fees and Spreads

InterTrader Fees and Spreads

 

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 charges commission on CFD Instruments. Traders must verify this information with the broker as it is not stated on the website. InterTrader does not charge for both deposit fees and withdrawal fees. InterTraders does not document any inactive fees.

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

Below are an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

InterTrader spreads start from 0.6 pips. The spread list and fee schedule which is offered by InterTrader are transparent as well as competitive. Fees, spreads, and commissions that traders can expect when trading with InterTrader is as follows:

  • Zero commissions are charged when trading forex.
  • Traders can trade both mini and micro-lots and there are no overnight fees
  • 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

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

According to InterTrader, short positions which are held overnight will be credited with swaps. These are calculated based on the one-month interbank rate minus 1%.

Should long positions be held overnight, traders will be debited with swaps. This is calculated according to the one-month interbank rate plus 1%.

For more information on the swaps that traders can expect, traders can consult the InterTrader website. The broker makes adequate provision, where forex is concerned, to supply a breakdown of each forex pair and the swap long and swap short rates in pips.

InterTrader does not make provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus is prohibited from earning or paying interest where the holding of open positions is concerned.

InterTrader does offer spread betting and thus spread betting fees do apply.

 

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

 

Broker Fees

 

InterTrader does not charge for both deposit fees and withdrawal fees on the following payment methods used:

  • Credit cards
  • Debit cards
  • Visa
  • Mastercard
  • E-Wallets include:
  • Skrill

 

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. Besides, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

Pros and Cons

✔️ PROS ❌ CONS
Well regulated No Islamic Account/Swap-free provided for Muslim traders
No hidden costs No US clients
Demo account High minimum deposit
Competitive trading conditions

 

You might also like: InterTrade Account Types

You might also like: InterTraders Demo Account

You might also like: InterTraders Minimum Deposit 

You might also like: InterTraders Sign Up Bonus

 

FAQ’s

 

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 a maximum 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.

 

Is InterTrader regulated?

Yes, InterTrader is regulated by the 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?

6/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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