InterTrade FX Review
Based in Kingstown, Saint Vincent and the Grenadines, InterTrade FX is an online trading broker. They strive to provide traders with straightforward access to various financial markets, including shares, cryptocurrencies, forex, indices, and more. Trades are executed via an intuitive trading platform, which is available in web and mobile versions. Clients benefit from some competitive trading conditions, such as negative balance protection, advanced charts, leverage of up to 1:200, and multiple trading account options.
InterTrade FX Review, Pros & Cons
- Proprietary trading platform
- Educational resources
- Some trading tools
- Multiple financial markets
- Various deposit & withdrawal options
- Lacks strict regulation
- Minimum $250 deposit
- No MetaTrader platforms
- No USA traders
In this detailed InterTrade FX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
InterTrade FX Overview
InterTrade FX is a multi-asset brokerage firm that is licensed by the FSA SVG to provide financial trading services. They provide traders with a web-based trading platform that offers seamless trading of the available financial assets. There are some useful trading tools, educational resources, and a customer support team to assist traders. The minimum deposit required to begin trading is $250.
InterTrade FX Regulation
InterTrade FX is licensed by the Financial Supervision Authority (FSA) of St. Vincent and the Grenadines with registration number: 24652IBC2018.
InterTrade FX Countries
The broker allows traders from different parts of the globe to open a live trading account with them provided that doing so would not violate local laws or regulations.
Some InterTrade FX features and products mentioned within this InterTrade FX review may not be available to traders from certain countries because of legal restrictions.
InterTrade FX Platforms
Customers can trade the available financial instruments using the InterTrade FX trading platform, an in-house-developed trading platform. The platform is built with advanced technology to ensure a hitch-free trading process. It is available as a WebTrader that runs directly on modern web browsers — Chrome, Safari, Firefox, and Edge — without needing to download or install any additional software. The platform is also mobile responsive, and as such, its full functionality can be narrowed down to the small screens of handheld Android and iOS devices.
InterTrade FX Trading Tools
Traders are provided with some standalone trading tools, including an economic calendar that shows the schedule of future market events along with their expected impacts on the financial markets.
InterTrade FX Education
To help ensure traders make informed trading decisions, the broker provides them with various learning resources, such as market news, trading guides, learning articles, online courses, and an FAQ section that answers some of the common questions they may have.
InterTrade FX Instruments
At InterTrade FX, you can trade Contracts for Difference (CFDs) on stocks, commodities, indices, currency pairs, and cryptocurrencies.
InterTrade FX Accounts & Fees
The following trading account options are available at InterTrade FX: Beginner, Plus, and Premier Accounts. Each of the accounts requires a minimum deposit of up to $3,000 and offers leverage of up to 1:200.
As broker fees can vary and change, there may be additional fees that are not listed in this InterTrade FX review. It is imperative to ensure that you check and understand all of the latest information before you open an InterTrade FX broker account for online trading.
InterTrade FX Support
Traders are provided with a responsive customer support team who are available 24/5 and can be reached via the following contact channels: telephone, email, and an online contact form.
InterTrade FX Deposit & Withdrawal
Traders can deposit and withdraw funds through any of the following payment methods:
- Bank Wire Transfer
- Credit/Debit cards
- Online payment processors — Sofort, iDeal, Giropay, Multibanko, Przelewy24, QIWI, Webmoney, Trustly, Neteller, and Skrill.
InterTrade FX Account Opening
Traders who are looking to create a live trading account with the broker should click on the ‘Open an Account’ tab at the top right corner of the broker’s website. Fill the application form and wait for the account to be approved.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
InterTrade FX Summary
Putting it all together, InterTrade FX is a broker that is based in Saint Vincent and the Grenadines. They allow clients to trade multiple financial instruments via a proprietary trading platform. Traders benefit from a range of trading conditions, such as negative balance protection, multiple account options, several payment methods, and leverage of up to 1:200.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.