Intertrader

mike.

Senior member
2,099 706
Intertrader are still giving you a free £100 when you open a live account with them, No deposit required to claim it !
You may have noticed the banners on the top of t2w forum page's which will take you to another intertrader bonus offer, But, there is no mention of this bonus on there homepage, what you have to do is log into there homepage and open a live account, then contact customer services via email with the heading "free £100" and include your username.

I opened one yesterday and was very straight forward, received a email shortly afterwards confirming account was opened and credited with £100.

This is not a demo and shouldn't be abused as it may spoil bonuses for beginners in the future. Simple to understand platform, You have access to their advanced charts and i found the spreads are tight to. You never know, pboyles might even fancy a flutter :LOL: :LOL:
 
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hacks

Active member
237 4
Your stakes must total at least £100 and you need to deposit £500 to withdraw the bonus, otherwise it would be removed from the account after 90 days. Equity trading doesn't count.

But it's still a good offer, thanks.
 

mike.

Senior member
2,099 706
Yes correct, you have to look at Capitalspreads thread. Intertrader.com is a white label of London Capital Group.


There's a review thread running here, I for one am really pleased with the service they provide, Should that change in the future, then i will put a report on here, but until then its 10/10 from me.

http://www.trade2win.com/boards/broker-reviews/132164-intertrader-com.html
 

Shakone

Senior member
2,458 665
I looked at the site. They seem to be regulated by the FCA, but they also seem to have intertrader direct which is metatrader only and registered in gibraltar which sounds a few alarm bells.

Is it just non-direct that you guys are talking about?
 

mike.

Senior member
2,099 706
I looked at the site. They seem to be regulated by the FCA, but they also seem to have intertrader direct which is metatrader only and registered in gibraltar which sounds a few alarm bells.

Is it just non-direct that you guys are talking about?

Yes, just the otc spreadbetting which is part of london capital group, there are banners at the bottom of t2w pages.
 

suitsork

Newbie
2 0
I looked at the site. They seem to be regulated by the FCA, but they also seem to have intertrader direct which is metatrader only and registered in gibraltar which sounds a few alarm bells.

Is it just non-direct that you guys are talking about?

intertrader direct is a white label of prospreads
 

C-12

Junior member
22 0
Well I've demo'd Intertrader Direct and opened up a live account. Live feed is identical to demo and pretty snappy from what I've seen. You can certainly scalp on it.

Far better than the clunky requote or off quote GKFX or FXCM feeds and nice low spreads (EU under 1 consistently and GU hovering between 1 and 1.5 during core hours. Not much difference to LMAX in my view except there's no commission and has spread betting tax benefits. (y)

Trading is done in lots as opposed to points and you can actually Spread bet in USD which is another bonus.

Negatives are the credit card payment system appears to be currently down and there's no iphone/ipad app I can find (not listed on MT4 app). Also regulator is based in Gibraltar but for a small 5-10k account it's not too much of a concern.

Surprised to see very little information about this broker. is there something I'm missing here since all seems too good to be true?
 
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Shakone

Senior member
2,458 665
Well I've demo'd Intertrader Direct and opened up a live account. Live feed is identical to demo and pretty snappy from what I've seen. You can certainly scalp on it.

Far better than the clunky requote or off quote GKFX or FXCM feeds and nice low spreads (EU under 1 consistently and GU hovering between 1 and 1.5 during core hours. Not much difference to LMAX in my view except there's no commission and has spread betting tax benefits. (y)

Trading is done in lots as opposed to points and you can actually Spread bet in USD which is another bonus.

Negatives are the credit card payment system appears to be currently down and there's no iphone/ipad app I can find (not listed on MT4 app). Also regulator is based in Gibraltar but for a small 5-10k account it's not too much of a concern.

Surprised to see very little information about this broker. is there something I'm missing here since all seems too good to be true?

Your post is a bit misleading. You mentioned spreadbetting benefits and no commission costs and spreads consistently under 1 for EURUSD.

You're talking about two separate things. The EURUSD has fixed spread of 1 (not under) and GBPUSD is 2 pips fixed if you're talking about spreadbet.

If you're talking about the Gibraltar one, then yeah, but it's in Gibraltar and they of course do charge commission.
 

C-12

Junior member
22 0
Your post is a bit misleading. You mentioned spreadbetting benefits and no commission costs and spreads consistently under 1 for EURUSD.

You're talking about two separate things. The EURUSD has fixed spread of 1 (not under) and GBPUSD is 2 pips fixed if you're talking about spreadbet.

If you're talking about the non spreadbet, then yeah, but it's in Gibraltar and they of course do charge commission.
Nope this is the Intertrader Direct version. No comms on forex spread bets. Not too sure about CFD's since I don't trade them but I'm sure it's covered in the spread?

Spreads are variable on Direct but fixed on the standard Intertrader platform.
 

Shakone

Senior member
2,458 665
Nope this is the Intertrader Direct version. No comms on forex spread bets. Not too sure about CFD's since I don't trade them but I'm sure it's covered in the spread?

Spreads are variable on Direct but fixed on the standard Intertrader platform.

From their site:

Low-cost trading

Trade at the interbank market spread on forex, and at tight fixed spreads on all other markets. The only charge is our dealing charge per trade (either incorporated in the spread or charged as commission).

What commission do they charge per 100k round trip?
 

C-12

Junior member
22 0
From their site:



What commission do they charge per 100k round trip?
They don't charge any on spread bets, which is why I was asking what the catch is.

This is from the website.

Forex

"CFDs: commission per trade; spread betting: charge included in spread"
 

Shakone

Senior member
2,458 665
They don't charge any on spread bets, which is why I was asking what the catch is.

This is from the website.

Forex

"CFDs: commission per trade; spread betting: charge included in spread"

Again

For spread betting and non-forex CFDs the charge is wrapped around the underlying market price. For forex CFDs we charge $3 per standard Lot (USD 100,000), meaning our spread betting and CFD charges are exactly the same.

$3 per 100k is high, and if it's built into the spread, that's even worse.
 

C-12

Junior member
22 0
Again



$3 per 100k is high, and if it's built into the spread, that's even worse.
Well it depends on how beneficial the tax free aspect of the spread betting is to you. ;)

I'm ok with the spreads (even if commission is built into them). I'm seeing the same spread on GBPUSD with LMAX but they charge commission on top. EU is consistently below 1 pip and mostly around 0.8 during core London hours.

My main question is why this broker has very little attention in the spread betting community and if there is anything to look out for?
 
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