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Intertrader Review
InterTrader is a Gibraltar regulated spread betting and CFD broker with only limited FCA oversight in the UK, and fraudsters have run a clone site using its name.
Min Deposit
$500
Spreads From
Around 0.3 pips on the MT4 account with commission, or 0.6 pips on the web platform
Max Leverage
1:30 for retail clients, higher for verified professional clients
Platforms
MT4, MT5
Pros
- Long operating history, tracing back to the Entain online gambling group
- Holds a real Gibraltar Financial Services Commission license, ref FSC1108MIF
- Also appears on the FCA register, giving UK clients some regulatory visibility
- The FCA has publicly named and warned about a clone site copying its name
Cons
- FCA lists the firm under limited scope permission, not a full UK license
- Gibraltar regulation gives weaker protection than a top tier FCA license
- A clone site once used the real firm's name and details to target UK consumers
InterTrader is a trading name of Alvar Financial Services Limited, a Gibraltar company that used to be called Intertrader Limited. It grew out of the online gambling group now known as Entain, then moved into standalone spread betting and CFD trading. The firm runs a UK branch registered with Companies House since 2018.
Gibraltar's Financial Services Commission is the main regulator, under reference FSC1108MIF. The Financial Conduct Authority also lists the firm, reference 597312, but only under a limited scope permission, not a full UK license. That limited status gives UK clients weaker protection than a fully FCA authorised broker.
In June 2021, the FCA warned that fraudsters were running a clone site at a copycat web address, using the real firm's name and details to scam UK consumers. The clone has no link to the real, Gibraltar regulated InterTrader. Anyone contacted out of the blue about an InterTrader account should check the FCA register directly before sending money.
Min. Deposit
USD 500
Max Leverage
1:30 for retail clients, higher for verified professional clients
Spreads From
Around 0.3 pips on the MT4 account with commission, or 0.6 pips on the web platform
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
