- Customer Service
Established in 2008 and backed by the London Capital Group and BWIN.Party, InterTrader is a leading London based spread betting and Contract For Difference provider. Although the company is new compared to many of its competitors, it has grown into one of the most popular service providers of its kind. There are a number of reasons for InterTrader’s growing popularity among serious traders and this review will cover them. In 2013, InterTrader won the InvestmentTrends Award for being the best “Value for Money” broker.
First and foremost, InterTrader offers new clients an offer that is probably the best on the market, especially for those people looking to deal with larger sums of money. Your first deposit over £500 will be rewarded with a bonus of 10% of your deposit, up to a maximum of £10,000. Although every first deposit over £500 receives a 10% bonus, you will need to deposit a minimum of £100,000 to receive the maximum bonus, so if you are looking to bet smaller amounts, there might be better promotions out there.
InterTrader’s Refer a Friend bonus is also quite attractive. You can receive the bonus for up to five friends who sign up to InterTrader. Each time a friend signs up, the bonus increases, starting at £100 for the first friend, to £300 for the fifth- the total you can earn for referring five friends is £1,000. Each friend will also receive a bonus of £100.
One of the biggest selling points of InterTrader’s service is the cashback it offers to its clients. Each and every month you can benefit from receiving up to 10% of your spreads back into your account. As far as we are aware, this is the only promotion of its kind and it would be worth a significant sum of money if you are likely to trade regularly or with large sums. Visit the InterTrader website for more details.
InterTrader is very competitive with its charges. There are no commission fees charged and its spreads are very tight indeed, ranging from 0.05% on the UK 100. Some of the most popular markets it offers along with the spreads charged are:
UK 100 (Rolling Daily): 1 point
DAX 30 (Rolling Daily): 1 point
Wall Street (Rolling Daily): 1 point
Nasdaq (Rolling Daily): 2 points
EUR/USD (Rolling Daily): 1 pip
EUR/GBP (Rolling Daily): 0.8 pips
USD/JPY (Rolling Daily): 0.8 pips
AUD/USD (Rolling Daily): 1 pip
GBP/USD (Rolling Daily): 1.8 pips
UK 100 shares: 0.05% per side (on top of market spread)
Major US shares: 0.05% per side (on top of market spread)
Silver (Futures): 3 points
Gold (Rolling Daily): 4 points
Brent Crude (Futures): 4 points
US Crude (Futures): 4 points
InterTrader’s CFD Platform
The InterTrader CFD Platform is a white label of Capital Spread’s and is equally impressive. It is highly stable and user friendly which is great for those people that are new to trading CFDs. Traders can manage their CFD account via the web-based platform as well as the InterTrader mobile app which is available for iOS and Android mobile devices as well as the iPad. InterTrader also offers account holders the option to trade CFDs via their MT4 platform on InterTrader Direct. InterTraders MT4 platform includes automated trading options and 30 in-built indicators on a sleek and easy to use interface- this platform is definite highlight!
InterTrader offers one of the most attractive packages around thanks mainly to its tight spreads, Tradeback programme and the promotional bonuses it offers. The platform is high quality and the data it offers isn’t to be sniffed at.
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