INTERTRADER

InterTrader is a trading brand operated by Alvar Financial Services Limited, a company registered in Gibraltar. According to the company, it was founded in 2009 and has since provided CFD and forex trading services to retail and professional clients. The broker emphasizes its commitment to customer service and offers a range of financial instruments including indices, forex, shares, commodities, and bonds.

As a Gibraltar-based entity, InterTrader is subject to the regulatory framework of the Gibraltar Financial Services Commission. The broker also claims authorization from the UK Financial Conduct Authority, though this authorization is listed as a clone in industry databases. Traders should be aware of the regulatory status before depositing funds.

InterTrader holds a Market Making license from the Gibraltar Financial Services Commission (GFSC) under licence number FSC1108MIF. The GFSC is a reputable regulator in Europe, though it is not as stringent as some tier-1 regulators. The broker also reports an FCA reference number, but independent verification shows that this is a clone of a legitimate firm. As such, the primary regulation is the GFSC license.

The company is registered at 851 Europort, Gibraltar GX11 1AA. It has no employees recorded in the provided data, which may indicate a lean operation. The FXCanary risk score assigns a Guarded rating of 30/100, reflecting both positive user feedback and significant negative reports.

InterTrader offers a wide variety of asset classes for trading. According to the broker, clients can trade CFDs on indices, forex pairs, individual shares, commodities, and bonds. This range allows traders to diversify their portfolios within a single account. The specific instruments within each class are not fully detailed, but the broker claims coverage of major markets.

The broker also provides the ability to trade on leverage, though exact leverage ratios are not disclosed in the available information. Traders interested in specific instruments should consult the broker directly or check the platform's instrument list.

InterTrader supports three trading platforms: the proprietary Intertrader+ web platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). The proprietary platform is designed for ease of use, while MT4 and MT5 are industry standards known for advanced charting and automated trading capabilities. The broker states that these platforms are available for desktop and mobile devices.

User reviews on platform reliability are mixed. Many traders report a smooth experience with fast execution and minimal downtime, while a minority have encountered glitches and issues with order execution during volatile periods. Overall, the platform offering is robust and caters to different trading styles.

InterTrader has a mixed reputation among traders. On Trustpilot, it holds a rating of 4.6 out of 5 from nearly 300 reviews, with many users praising the customer support team for being responsive and helpful. Common compliments include quick issue resolution and patient assistance during account setup. However, on Forex Peace Army, the score is a low 1.647, indicating a significant number of negative reviews.

Negative feedback often centers on withdrawals, profit confiscation, and accusations of latency trading. Several users report that their accounts were closed or profits deleted after being accused of exploiting latency. These serious allegations contribute to the broker's Guarded risk score. Traders are advised to weigh the positive customer service experiences against these risks.

InterTrader offers a legitimate trading service under GFSC regulation, but potential clients should be cautious due to the reported issues with account closures and profit adjustments. The broker is best suited for traders who prioritize responsive support and a variety of platforms, but may not be ideal for those who engage in high-frequency or news-driven trading strategies.