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InterTrader offers its own proprietary platform alongside MT4, catering to forex and cryptocurrency traders, and is backed by GVC - one of the largest FTSE-listed gaming companies in the world.

Steven Hatzakis | April 8th, 2020

help 74
Trust Score
  • Spreads higher on web platform
  • TradeBack rebate and shares not available on MT4

Review Sections:

Please Note: InterTrader was not included in the 2020 annual review. As a result, this broker's ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

Intertrader operated as a brand under Bwin.Party, which was founded in March 2011 after the merger of Bwin Interactive and PartyGaming PLC (both founded in 1997). digital entertainment was subsequently acquired by GVC Holdings PLC (LSE:GVC) in February 2016. InterTrader continues to operate as a subsidiary of GVC, alongside nearly 30 brands that make up the GVC group.

With a market capitalization of nearly £6 billion as of June 2018, GVC is one of the largest listed sports betting and gaming groups, and is part of the FTSE 250 under ticker symbol GVC. GVC is incorporated in the Isle of Man, and employs a workforce of 28,000 people. InterTrader is regulated by the Gibraltar Financial Services Commission (GFSC) as a principal dealer, with passports throughout the EU under MiFID regulation. It also has a UK branch.

While InterTrader customers are protected by the GFSC’s compensation fund up to the regulator’s limit of £20 k in the event of the broker’s bankruptcy, InterTrader’s parent company has granted a guarantee indemnifying all client funds held by InterTrader Ltd., effectively increasing the limit clients could be reimbursed in the event of the firm’s insolvency – beyond the GFSC’s limit.

Is InterTrader Safe?

InterTrader is considered average-risk, with an overall Trust Score of 74 out of 99. InterTrader is publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). InterTrader is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA)Learn more about Trust Score.

Regulations Comparison

Year Founded1997
Publicly Traded (Listed) Yes
Bank No
Tier-1 Licenses1
Tier-2 Licenses0
Tier-3 Licenses0
Trust Score74

Offering of Investments

The following table summarizes the different investment products available to InterTrader clients.

Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs)45
CFDs - Total Offered500
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

Aside from its spread-betting account offering to UK residents, which carries its own tax efficiency, InterTrader offers a CFD trading account where spreads vary depending on whether MT4 or the broker’s own web trading platform is used. While InterTrader’s MT4 account offering has lower spreads than its web trading platform offering, the lowest available margin rates are twice as high on its MT4 offering.

Overall, spreads shown for InterTrader’s MT4 offering are listed as 0.3 pips lower than its web trading platform offering, which stands at 0.6 pips..

InterTrader also offers a liquidity rebate program akin to an active trader offering where traders are rebated from 5-10% of the spread paid, starting at a minimum of £500 in the spread incurred. It’s worth noting that the TradeBack offering is available only on the broker’s web-based platform and not on MT4, where its spreads are comparably lower.

Minimum Initial Deposit£100
Average Spread EUR/USD - StandardN/A
All-in Cost EUR/USD - ActiveN/A
Active Trader or VIP Discounts Yes


InterTrader offers multiple research tools from third parties, including pattern-recognition tools and trading signals from Trading Central and AutoChartist, as well as technical analysis from IT Finance, and an economic calendar powered by Econoday.

Patterns and signals are provided to live account holders from within the InterTrader web platform, and the broker’s in-house staff post daily blogs along with weekly webinars. InterTrader has a robust range of third-party content, while its in-house content is limited.

Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist Yes
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment - Currency Pairs No
Economic Calendar Yes

Platforms & Tools

InterTrader is primarily a MetaTrader 4 (MT4) broker offering the standard, out-of-the-box MT4 platform experience. To learn more about the MT4 suite, developed by MetaQuotes Software Corporation, read our full MetaTrader guide. The broker also offers its own InterTrader web-based platform, which I focused on for this review.

InterTrader web platform

InterTrader’s web-based platform defaults to a dark theme that resembles a modern trading platform based on HTML5 and is packed into an easy-to-navigate layout, with four main modules with rates, orders, charts and research.

InterTrader web chart

Starting with the charting module, there were lots of options for configuring charts, and nearly 30 indicators. Zooming in and out of the charts was smooth. One nice touch is that trend lines automatically appear on charts even as various timeframes are changed and while switching across instruments.

One small problem was the full screen button did not work, even after I disabled any pop-up or ad-blockers running on the most updated version of Google Chrome. While the full screen limitation was not a big deal, I was able to manually resize the chart window to expand the view.

The charts and some of the integrated research are the best features of the InterTrader web trading platform, while other offerings, such as the watch list, were not as robust.

InterTrader also offers the ZuluTrade platform for social copy trading, helping to round out the broker’s platform offerings.

Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting - Indicators / Studies (Total)29
Charting - Drawing Tools (Total)21
Charting - Trade From Chart No
Watchlists - Total Fields7
Order Type - Trailing Stop Yes

Mobile Trading

InterTrader’s mobile app was developed by NetDania, a long-standing developer of financial trading platforms used by retail forex brokers. While we were not able to review InterTrader’s mobile app due to its incompatibility with my Samsung Galaxy S8+ and Samsung Galaxy S9+ devices, we expect it to closely match NetDania’s technology, which many forex brokers rely on.

InterTrader’s MetaTrader offering for mobile, iOS and Android versions of the MT4 app come standard, and are available for download from the Apple iTunes store and Android Play store, respectively.

Android App Yes
Apple iOS App Yes
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields Yes
Watch List No
Watch List Syncing No
Charting - Indicators / Studies30
Charting - Draw Trend Lines Yes
Charting - Trend Lines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave No
Forex Calendar No

Other Notes

Intertrader launched CFD trading on several cryptocurrencies including bitcoin, ethereum, bitcoin cash, litecoin and ripple, offering 50% margin, although it does not permit weekend trading and implements a daily break for one hour.

Final Thoughts

While we would like to see the TradeBack program available for MT4 accounts to remove the pricing imbalance between the broker’s web-based platform, spreads are comparably lower on the InterTrader’s MT4 account.

For traders looking for a broker regulated in the EU and backed by a public company with decades of history, InterTrader delivers a decent range of instruments across its trading platforms. The broker’s parental guarantee helps it win clients’ trust as customers can be eligible for reimbursement in the event of the broker’s insolvency.


For our 2018 Forex Broker Review we assessed, rated, and ranked 43 international forex brokers. Each FX broker was graded on 148 variables. Learn more.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.

Steven Hatzakis

About the author: Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Ratings Overall


Commissions & Fees
Offering of Investments
Platforms & Tools
Customer Service
Mobile Trading

Commissions & Fees

*InterTrader did not participate in the 2017 Online Broker Review, as a result the following data may not be up to date.

Commission Notes

The trading costs at InterTrader vary depending on the platform used and the associated account type. For example, on MT4, InterTrader lists spreads of 0.3 pip for the EUR/USD pair, while on the web-based trading platform spreads are listed at 0.6 pips for the same, making MT4 the option for cost-sensitive traders. In addition, the TradeBack liquidity rebate program is offered only on InterTrader’s web platform and is not available on MT4.

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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