Who owns InterTrader? InterTrader is a trading name of InterTrader Limited which is owned and controlled by GVC Holdings PLC; a multi-national trading company with a market capitalization of 2 Billion. GVC Holdings PLC is quoted and listed on the London Stock Exchange under the ticker GVC. InterTrader Limited is authorised and regulated by the Gibraltar Financial Services Commission and registered with the Financial Conduct Authority in the UK, ref 597312.
Originally launched in July 2008 through a partnership with CityIndex, InterTrader (previously known as Party Markets) is a division of GVC Holdings PLC, one of the biggest online gaming companies listed on the UK stock exchange with a market cap of about 2 Billion. In January 2010 PartyMarkets migrated away from the City Index platform to the London Capital Group family and it has been re-baptized as InterTrader. In 2016, InterTrader decided to go it alone (severing its ties with London Capital Group) and launched a new website operated directly by GVC Holdings PLC. InterTrader accepts UK applications as well as international clients. GVC Holdings PLC is a constituent of the FTSE 250 share index with its shares listed on The London Stock Exchange under the ticker: GVC.
Unlike some other spread betting and CFD providers InterTrader claims that they operate under a 'No Dealing Desk' broker model and have a policy of never trading against their own clients. All client trades are hedged completely. InterTrader subsequently has no conflict of interest in whether its clients make a profit or a loss.
The fact that they advertise 100% hedging model means that they do not have a dealing desk and deals are immediately transferred to the real market at present market prices. As such, traders can rest assured that their profits are derived from the market and withdrawal amounts do not make a difference to the bottom line of InterTrader. Personally I believe it is unethical for providers to speculate against clients even if this practice is very common in the trading industry. Today, clients demand direct and transparent market access, swift execution and no conflict of interest and this is what InterTrader is offering.
'InterTrader is perfect for the serious trader that believes the broker should be on your side. Our clients enjoy reliable execution via automated processing (ECN/STP) with no volume restrictions or re-quotes when trading in large sizes. This coupled with tight spreads and great liquidity with zero conflict of interest makes InterTrader ideal for professional traders'
We are told that InterTrader provides multi-asset-class liquidity across forex, indices, commodities, equities, bonds and interest rates, with access to large ECN liquidity pools of Tier-1 financial institutions. InterTrader also runs its own MT4 brokerage for retail traders.
STP stands for 'straight through processing' and ECN is an acronym for 'electronic communications network'. But what exactly is an ECN? For me an ECN is basically a price aggregator made up of a number of liquidity streams from anonymous and non-anonymous counterparties. An example of an ECN would be Currenex. Mos clients of true ECN's are institutional clients like brokerages and CFD and spread betting providers. An STP broker is normally a company that targets a mass of retail clients. STP brokers will widen the spread they receive from an ECN and (perhaps) charge a commission for the trades that their clients execute through their brokerage. An STP broker will hedge their clients trades on an ECN and make money through the fractional pip mark-up on big volume. An example of an STP broker would be someone like InterTrader and their No Dealing Desk.
Trading with both an STP broker and a ECN should in theory give you comfort that your business is not being overly analysed and that you have no 3rd party individual influencing your success.
My understanding is that such brokers operating under this model aren't counterparties to their clients' trades and don't profit if their clients lose. Rather, they make their profits primarily from the spread and commissions (if applicable), passing on (theoretically anyway) the benefits of direct market access whilst operating under the spread betting / CFD umbrella.
InterTrader offers their traders a choice of 3 different types of trading platforms. These include a web based platform, MT4 platform and trading apps for Android and iOS powered trading platforms.
Intertrader Web Based Platform
MetaTrader 4 Platform
InterTrader is offering clients a welcome bonus of up to 10% on your initial deposit up to the value of £10,000. Quite simply, the more you deposit, the bigger bonus you'll get and InterTrader welcomes new and professional traders alike. Terms and Conditions Apply. Check the details of this offer here.
Conclusion: We give InterTrader a thumbs up. Their web trading platform is very easy-to-use. Their no-nonsense execution and their commitment towards 'fair pricing' deserves commendation. Visit InterTrader here.
Note: Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
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