Queries re Stops and Intertrader

This is a discussion on Queries re Stops and Intertrader within the Spread Betting & CFDs forums, part of the Commercial category; To my eyes, Intertrader is currently looking like the next best thing to sliced toast - even if they won't ...

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Old Sep 15, 2017, 10:24am   #1
Joined Jul 2008
Queries re Stops and Intertrader

To my eyes, Intertrader is currently looking like the next best thing to sliced toast - even if they won't be beating IG Index any time soon -who I continue to recommend with the very greatest of confidence. All other things (spreads, margins etc.) being roughly Ďa little here a little thereí, itís recently becoming near on impossible to ignore, any longer, both their Ďtrading rebateí offer (up to 10% off spreads for very active clients) and then thereís intertrader's account opening Ď10% credit offer - up to £10,000í. For anyone who is a frequent flier, these kind of offers are very tempting indeed...

But.
But, I do have one lasting concern, which is the very reason why Iím not yet a client, and itís about CGSL (Computer Generated Stop Losses). As I understand matters (and please do correct me where mistaken), intertrader seem to make stop losses compulsory for every opened spreadbet. Now I might, at this point, admit that I very rarely use stop losses, given that with just under two decades worth of spreadbetting experience, Iíve learned (and use) other methods of managing risk, rather than solely relying on stop losses. So itís very important for me (and Iím sure Iím not the only one...), that stop losses remain completely optional, as opposed to compulsory. I usually scale in to a larger position, over a period of time, and thereís frankly no point doing that if an arbitrarily generated stop loss is going to start cutting into any of my positions, before Iíve even finished building them!
Nevertheless please donít take this as an argument, nor even the beginnings of one, against stop losses. Far from it. I believe that everyone needs to learn to use stop losses sensibly and have no problem admitting that I always used stop losses during my earlier learning years. More to the point, this poster would certainly encourage all inexperienced spread bet clients always to think of where to put your stop loss when you open your spreadbets. Where to place a stop loss is a skill which needs to be developed, long before you can even start to think of using other ways of managing risk. And I very much accept that plenty of experienced spread betting clients regularly make use of stop losses, as an essential part of their technique, and do well when doing so. Theyíre just not usually for me. But enough digression about the concept of using stop losses.
Back to Intertrader.
Could someone, who is a client of intertrader, please fill me in on how stops are used on their platforms? In particular:
(1) is it the case that stop losses really are compulsory as regards all opened spreadbets on the Intertrader web platform?
(2) Is it possible to cancel every stop just after opening a spreadbet on their webplatform, or is it only possible to edit each stop?
(3) Even if they insist on stop losses on all spreadbets, no matter how experienced a client is, then is it possible (i.e., are you allowed) to edit stops very widely (for example a 1000 points out on the ftse) Ė so that they are effectively and/or extremely unlikely to be hit, when scaling in to a larger position?
(4) Lastly, do you have any other comments about intertrader, which someone whoís thinking of signing up, needs to be aware of Ė e.g., how they manage withdrawals? How you find their customer service? Etc. Thank you in advance.
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Old Sep 15, 2017, 11:11am   #2
Joined Apr 2016
Ask inter trader and report back. Use one of those what-ya-call-its, the thing that goes ring ring.
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Old Sep 15, 2017, 11:34am   #3
Joined Jul 2008
peakoil started this thread Yes indeed, I can tell we won't be best of friends during this lifetime, "EnlightenedJoe"
I did ask them and received no response, which is why I ask here. Hope that helps you...

Anyone else could answer my queries please - would be much appreciated.
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Old Sep 15, 2017, 11:40am   #4
Joined Apr 2016
I don't have much need for friends. One more, or one less doesn't really matter.

If they don't respond, you have bigger problem than stops. You have even bigger problems if your primary mode of market success depends on discounts/promotions/special offers/free £10000/rebates etc.
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Old Sep 15, 2017, 11:46am   #5
 
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Hi pal, don't mind Joe, he has come back with a massive chip on his shoulder for some reason, takes comfort in wrecking threads...I traded with intertrader for two years, no issues whatsoever, zero slippage and no problem shot term scalping now and again. I understand they are now registered in Gibraltar but still regulated by the fca, You need to do a spot of homework on that issue possibly...They revamped their platform a couple of years back and also formed " intertrader direct" which I'm led to believe trades as as separate company, open a demo and see how it goes, tbf I was pleasantly surprised how good they were regarding customer service etc...
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Thanks! The following members like this post: darktone , tomorton
Old Sep 15, 2017, 11:54am   #6
Joined Jul 2008
peakoil started this thread With the greatest of disrespect, EnlightenedJoe, I actually don't need someone with all of 1,427 posts in one single year, to tell me anything about my problems. Moreover, and much as you might have better luck elsewhere on these forums, I will from now onwards do my best to ignore you, as I have better things to do, than get involved in the troll game, from this full stop onwards.

To most others:
Assuming there have been no valid responses to the topic above, any on topic responses would, again, be much appreciated. Thank you
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Old Sep 15, 2017, 12:02pm   #7
Joined Apr 2016
Quote:
Originally Posted by mike. View Post
Hi pal, don't mind Joe, he has come back with a massive chip on his shoulder for some reason, takes comfort in wrecking threads...I traded with intertrader for two years, no issues whatsoever, zero slippage and no problem shot term scalping now and again. I understand they are now registered in Gibraltar but still regulated by the fca, You need to do a spot of homework on that issue possibly...They revamped their platform a couple of years back and also formed " intertrader direct" which I'm led to believe trades as as separate company, open a demo and see how it goes, tbf I was pleasantly surprised how good they were regarding customer service etc...
Stop trolling. Why don't you tell the OP what he wants to know ? He's got no time to waste, monies to be made, etc.
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Old Sep 15, 2017, 12:05pm   #8
Joined Jul 2008
peakoil started this thread Thanks mike. :-) Sounds good.
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