Accounts & headline costs
Sections ↑Account comparison01
Account and service routes at a glance
| Account / service | Contract and customer scope | Platform and principal condition |
|---|---|---|
| CFD (Retail) | Alvar Financial Services Limited — Eligible Alvar retail clients | MetaTrader 5. Published MT5 retail schedule. The FX spread table does not identify whether the ECN or non-ECN commission model attaches to every price.Source 8Source 34Source 1 |
| Spread Betting (Retail) | Alvar Financial Services Limited — Eligible Alvar spread-betting clients; retail clients | Intertrader+ / MetaTrader. Application and product eligibility apply; selected markets support fractional stakes.Source 4Source 34Source 1 |
| CFD (Retail) | Tau Markets Ltd — Eligible international clients outside restricted countries; retail clients | MetaTrader 4 / 5 / Intertrader+. ROW agreement identifies Tau Markets Ltd; UK and other listed countries excluded. Do not carry Gibraltar compensation or insurance claims into this offer.Source 2 |
Intertrader’s account choice has two dimensions: the product contract and the client classification. The Alvar service offers spread betting and CFDs, while the ROW service identifies Tau Markets Ltd for CFDs. Terms were checked on 11 October 2026. Alvar’s application attestation requires sufficient experience, knowledge and expertise to understand the risks; retail classification is not an automatic acceptance promise.[26]
Account comparison02
Main contract alternatives
| Attribute | CFD account | Spread-betting account |
|---|---|---|
| Exposure | Leveraged OTC derivative measured in contracts/lots | Stake per defined market pointSource 3Source 4 |
| Ownership | No physical purchase of underlying shares, currency or commodity | No purchase of the underlying assetSource 3Source 4 |
| Platforms advertised | Intertrader+, MT5; selected markets on MT4 | Intertrader+, MT5 and MT4 in Alvar product materialSource 3Source 4 |
| Small-trade option | Selected contracts have fractional size | Selected markets from 10p per pointSource 18 |
Account comparison03
Account-level funding thresholds in the agreements
Pricing & charges04
FX charging models
| Attribute | Non-ECN forex | ECN forex |
|---|---|---|
| Spread | Fixed or variable spread-based pricing | Raw spread advertised from 0.0 pipsSource 7 |
| Separate commission | None under this model | Typical USD 3 per standard lot per side statedSource 7 |
| Currency qualification | Account-specific spread schedule | Examples use USD 3 per USD 100,000 in USD/JPY, but GBP 3 per GBP 100,000 in GBP/USD; converted to account currency.Source 7 |
Pricing & charges05
Published FX floors — retail MT5 tables
Products & platforms
Sections ↑Reference table06
FX contract dimensions
| Item | Published specification |
|---|---|
| Standard CFD lot | 100,000 base-currency units. A cash deposit is not the traded notional.Source 7 |
| Selected major-FX CFD size | 0.01–500 lots; EUR/USD and GBP/USD pip movement 0.0001, USD/JPY 0.01.Source 8 |
| Professional margin | The selected major-pair table shows 0.5% for professionals; this is not the retail rate.Source 8 |
Reference table07
Gold and exact WTI cash CFDs
| Product / symbol | Spread from | Contract / trade range | Retail margin |
|---|---|---|---|
| Gold spot — XAUUSD | 20 cents | Contract size 100; 0.01–500 | 5%Source 9 |
| WTI crude-oil spot — WTI | 3 cents | Contract size 100; 0.1–1,000 | 10%Source 9 |
| WTI crude-oil futures — WTI_f | 0.04 in the table headed cents | Contract size 100; minimum 1 shown | 10%Source 9 |
Reference table08
Other commodity exposure
| Family | Published choice and contract distinction |
|---|---|
| Energy | Brent and WTI are separate oil markets; cash/rolling and expiry-dated contracts can coexist.Source 5 |
| Metals | Gold and silver, including spot and futures-linked selections.Source 5 |
| Soft commodities | Agricultural/soft markets are advertised; check the precise contract expiry, quoted unit and platform availability.Source 5 |
Pricing & charges09
Selected retail index CFDs
Reference table10
Shares and bonds
| Product | Useful scope |
|---|---|
| Equity CFDs and spread bets | UK, US, European and Asian share exposure is marketed. These contracts can be bought or sold short where the market and broker permit.Source 6 |
| Euro-Bund futures CFD | EURO-BUND_f is listed with spread from 0.02 and minimum size 1; it is a derivative rather than direct custody of a government bond.Source 12 |
| Bond schedule inconsistency | The professional CFD table still says 20% margin, while professional spread betting says 1%. No uniform professional bond leverage is inferred.Source 12 |
Platforms & products11
Platforms and access
| Platform | Capabilities and scope |
|---|---|
| Intertrader+ web | Market/pending orders, stops, take-profits, alerts, charts and integrated research; trade tickets display required margin and spread cost.Source 15 |
| Intertrader+ mobile | iOS/Android access, chart trading, pending-order impact display, account history and attached stop/take-profit controls.Source 16 |
| MT5 | Multi-asset desktop/mobile terminal with market depth, indicators, Expert Advisors and copying capability; actual server configuration controls availability.Source 14 |
| MT4 | Forex, indices and commodities; technical analysis and EAs. The dedicated page describes CFD access and copy capability.Source 13 |
Fees & holding costs
Sections ↑Pricing & charges12
Equity tariffs override broad no-commission wording
| Market / format | Specific published charge | Retail margin |
|---|---|---|
| UK rolling CFD | 0.1% commission per side | From 20%Source 11 |
| US rolling CFD | 2.95 cents per side added to underlying price | From 20%Source 11 |
| UK rolling spread bet | Underlying spread plus 0.1% per side | From 20%Source 11 |
| US rolling spread bet | Underlying spread plus 2.95 cents per side | From 20%Source 11 |
Pricing & charges13
Financing and holding costs
| Product / event | Published treatment |
|---|---|
| Forex overnight | Quote-currency central-bank rate minus base-currency rate, adjusted by ±1%; exact live specification required.Source 7 |
| Index overnight | Underlying reference rate adjusted by ±2.5%; current platform rate controls.Source 7 |
| Tau Wednesday rollover | Its execution policy describes triple swap for positions held Wednesday into Thursday to account for the weekend. This is not a universal timetable for every product.Source 31 |
| Expiry or rolling contracts | Rollover requires the next contract’s price and enough margin. A futures-labelled instrument is not automatically free of holding or renewal costs.Source 33 |
Reference table14
Inactivity versus dormant-money treatment
| Question | Research result |
|---|---|
| Recurring inactivity charge | A specific recurring fee, timer and cap were not established in the inspected public pricing/support material. Absence of a tariff is not a zero-fee assurance.Source 20 |
| Long-term unclaimed balance — Tau | After six years without balance movement and reasonable unsuccessful tracing, client-money treatment may cease; records must be kept and future valid claims made good.Source 24 |
| Archiving / reactivation | No complete automatic archive, login-reset or reactivation-fee schedule was established. Request the account-specific procedure before leaving an account unused.Source 20 |
Pricing & charges15
Professional TradeBack rebate
| Tier / condition | Documented benefit |
|---|---|
| Silver | 5% rebate; monthly opening spread fees GBP 500–1,999.Source 29 |
| Gold | 7.5% stated; the current card repeats its label instead of publishing a full threshold.Source 29 |
| Platinum | 10% rebate from GBP 5,000 monthly opening spread fees.Source 29 |
| Scope | Professional traders only. This is a rebate on qualifying trading costs, not a universal reduction in every spread or a retail deposit bonus.Source 29 |
Execution & trading rules
Sections ↑Reference table16
Execution arrangement and order risk
| Issue | Established treatment |
|---|---|
| Execution policy | Alvar’s May 2023 summary describes execution factors and best-execution duties for retail and professional contracts. A routing description does not establish an exchange-traded position owned by the client.Source 30 |
| Tau slippage | Its execution policy permits positive or negative slippage, including on stops and limits, particularly during volatility or illiquidity.Source 31 |
| Fill certainty | Best-execution language is not a guarantee of the requested price, immediate fill or profitable outcome. No independent latency or fill-quality test was performed.Source 30 |
Reference table17
Margin controls and client classification
| Item | Practical effect |
|---|---|
| Maintenance threshold | The agreements describe close-out when account valuation reaches 50% of margin used, starting with greatest-loss positions. Funding should precede the threshold, not depend on receiving a warning.Source 24 |
| Lower leverage by request | Consumer support says a client may ask the broker to restrict leverage further. This reduces permitted exposure but does not make a position loss-free.Source 20 |
| Professional status | Alvar categorisation requires assessment and written agreement/consent. Greater permitted leverage and reduced protections must be evaluated together.Source 26 |
Reference table18
Trading clocks and order confirmation
| Issue | Published requirement |
|---|---|
| Commodity cash sessions | Selected gold/WTI contracts run Sunday 23:00 to Friday 22:00, with 22:00–23:00 daily break in the schedule. Verify holiday/DST changes.Source 9 |
| FX table sessions | Selected retail CFDs: Sunday 22:05–Friday 21:55. Spread-betting table has a different Friday close; use the chosen contract’s row.Source 8 |
| Unconfirmed order | The agreement requires immediate telephone clarification if unsure whether an order filled or remains active. Resolve status before submitting another instruction.Source 23 |
Reference table19
Outage and order-dispute instructions
| Step | What the current documents say |
|---|---|
| Permitted communication | The agreement does not oblige the broker to execute instructions through chats, texts or unrecorded telephone conversations. No dedicated emergency dealing-desk number was established.Source 23 |
| Trade query deadline | Report a disputed trade/conversation with time and date within 24 hours; unexpected or missing confirmations require immediate notice.Source 23 |
| Platform responsibility | MT5 is third-party software; the broker’s notice disclaims responsibility for its performance/durability. A general support contact is not an execution acknowledgement.Source 27 |
Deposits, withdrawals & transfers
Sections ↑Reference table20
Funding and withdrawal channels
| Item | Established arrangement |
|---|---|
| Deposit route | Client portal accepts debit/credit-card funding; deposit from an account/card held in the customer’s name.Source 19 |
| Withdrawal request | Request through the secure online account and retain the transaction history. A public bank-receipt SLA was not established.Source 19 |
| Changed bank details | Agreements permit documentary checks before refunds to changed or closed-bank destinations; maintain original deposit evidence.Source 24 |
Reference table21
Withdrawal amount and frequency rules
| Condition | Agreement wording |
|---|---|
| Minimum withdrawal | 100 GBP / EUR / USD.Source 23 |
| First withdrawal in a day | One free withdrawal per CET calendar day, as defined in the agreement.Source 23 |
| Additional withdrawal below 1,000 | Processing charge 5 GBP / EUR / USD.Source 23 |
| Additional withdrawal above 1,000 | No broker processing fee. Exactly 1,000 is not resolved by the strict below/above wording.Source 23 |
| Receiving bank | May levy its own charge.Source 23 |
Reference table22
Spendable cash, holds and promotional amounts
| Item | What can restrict access |
|---|---|
| Margin versus cash | Margin is a deposit supporting exposure, not an ordinary fee. Losses and required margin affect money available for withdrawal.Source 20 |
| Tau verification holds | Withdrawals can be delayed/refused for outstanding KYC, source-of-funds/wealth evidence, legal directions or investigations.Source 24 |
| TradeBack cash status | The public rebate page does not settle payment timing, withdrawal release, reversal or exit conditions. Confirm those terms before treating an accrued rebate as withdrawable cash.Source 29 |
| Deposit bonus | No current retail deposit-bonus agreement was established from the reviewed offer/terms routes. Do not infer that an old promotional reference is a current cash entitlement.Source 19 |
Protection & regulation
Sections ↑Entities & regulation23
Practical protection boundaries
| Scope | Established position |
|---|---|
| Alvar / Gibraltar | GFSC lists Intertrader as an Alvar trading name and permits relevant investment activities, including CFDs/spread betting and rolling spot FX.Source 34 |
| Limited UK regulation | The broker gives FCA reference 597312 but describes limited regulation. The fully readable permission record was not obtained; this is not an unrestricted UK-authorisation or FSCS claim.Source 1 |
| Tau / Mauritius | ROW pages identify a Mauritius investment dealer. The Gibraltar member/insurance statements cannot establish protection for this separate counterparty.Source 2 |
| Negative balances | The inspected agreements contain broad deficit-repayment language. Applicable mandatory retail protections and any contractual limitation require explicit confirmation; no unconditional brand-wide negative-balance promise is established.Source 23Source 24 |
Entities & regulation24
Gibraltar statutory compensation
| Question | Official scheme answer |
|---|---|
| Participating firm | Alvar Financial Services Limited appears in GICS’s participant list.Source 36 |
| Amount | 90% of eligible loss, capped at EUR 20,000 per customer; this is not automatic reimbursement of all account funds.Source 37 |
| Covered event | An authorised member cannot return eligible client money/assets connected with protected investment activity.Source 38 |
| Excluded losses / claimants | Market losses are not covered; professional and institutional clients are excluded under the published eligibility rules.Source 38 |
Entities & regulation25
Private insurance: individual versus shared limits
| Point | What is documented / unresolved |
|---|---|
| Advertised individual amount | The Alvar safety-page headline states up to EUR 1 million. A current policy certificate was not available in the inspected material.Source 21 |
| ROW wording | The ROW safety page describes Lloyd’s insurance above GICS for insolvency with a client-money deficiency, but its body explicitly names Alvar. It does not verify Tau as an insured entity.Source 22 |
| Aggregate / period | No verified aggregate pool, per-event limit, policy period, excess, exhaustion rule or claims procedure was established. Individual headline cover cannot substitute for these terms.Source 22 |
| Segregation | Alvar says funds are reconciled daily and client balances segregated. This is separate from compensation eligibility and a private insurer’s liability.Source 21 |
Opening an account & support
Sections ↑Reference table26
Application and categorisation
| Stage | Customer requirement |
|---|---|
| Age and understanding | Alvar attestation requires age 18+ and understanding of relevant risks, policies and contract terms.Source 26 |
| Changes after opening | Notify material changes in residence, contact details, financial circumstances and classification information.Source 26 |
| ROW restrictions | Tau excludes the USA, UK, Sudan, Syria, North Korea, Iran, Iraq, Libya, Cuba, Myanmar, Yemen, Afghanistan, Vanuatu and Russia.Source 2 |
Official support and escalation
Intertrader customer supportTelephone
+44 20 3364 5189Source 1
Scope General client support; use for urgent clarification and request an authorised dealing route.
Hours Monday–Friday, 24 hours; timezone not specified
Support emailEmail
[email protected]Source 1
Scope Account/product queries and documented follow-up.
Hours Monday–Friday, 24 hours advertised
Alvar complianceEmail
Contact and callback formWebsite
https://www.intertrader.com/contactSource 1
Scope General contact; not an order-execution confirmation.
Event timeline27
Complaint routes are entity-specific
| Entity | Published procedure |
|---|---|
| Alvar | Compliance reviews the complaint and provides a comprehensive written response within eight weeks. Its public page refers unresolved matters to the GFSC.Source 25 |
| Tau | The separate complaint policy targets handling within 30 days and provides for longer complex cases with further communication; it should not be replaced with Alvar’s eight-week process.Source 32 |
| Trade dispute | Preserve confirmations, screenshots, order identifiers and timing. The short contractual trade-query deadline remains relevant even while a formal complaint is being considered.Source 30 |
Additional services
Sections ↑Reference table28
Included market-analysis tools
| Tool set | Function and eligibility |
|---|---|
| Trading Central | Featured Ideas, Technical Views, Market Buzz, Crowd Insight and economic-event tools combine analyst material with automated scanning.Source 17 |
| Access condition | The integrated suite is advertised free with live funded accounts and is built into Intertrader+.Source 17 |
| Chart research | IT-Finance advanced charting/back-testing and MT5 indicator extensions support strategy analysis; they are not a managed investment mandate.Source 15 |
Reference table29
Copying, pausing and residual positions
| Feature / action | Established limit |
|---|---|
| MetaTrader copying | MT4/MT5 product pages advertise automated copying. This is platform capability, not evidence of a separately governed Intertrader social-investment programme.Source 13Source 14 |
| Unfollow / disconnect | The reviewed product and MT5 disclaimer pages do not specify what happens to open copied positions, pending orders or attached stops when copying stops.Source 27 |
| Ongoing responsibility | Confirm whether an action stops new copies only or closes existing exposure, who manages residual orders, and whether third-party fees continue. Automatic liquidation or cancellation cannot be inferred.Source 27 |
Reference table30
Professional and partner infrastructure
| Service | What is offered |
|---|---|
| Introducing brokers | CPA, revenue-share, mark-up and hybrid commercial arrangements with marketing/back-office support.Source 28 |
| Money managers | Multiple-account management software and multiple execution venues; actual mandate, allocation, fee and withdrawal powers require a separate agreement.Source 28 |
| Single-flow API | A platform connection to broker liquidity/execution while retaining the partner’s own back office, CRM and compliance functions. Public protocol, minimum volume and access-price details were not established.Source 28 |
| VPS | No current universal free-VPS entitlement or monthly qualification was established from the reviewed platform/service material.Source 13 |
Company background & evidence
Sections ↑Event timeline31
Names, routing and account migrations
| Evidence | Practical implication |
|---|---|
| Legal-name continuity | GFSC identifies InterTrader Limited as a previous name and Intertrader as a current trading name of Alvar. This is a legal-entity history, not a separate broker listing.Source 34 |
| UK filing record | Companies House lists the previous Intertrader Limited name through 18 March 2022 and identifies Gibraltar company 105224. Registration is distinct from investment permission.Source 39 |
| Current regional split | ROW contracts identify Tau. The website also provides a login labelled for UK migrated users, but no full migration notice specifying transfer date, consent, positions, statements or old liabilities was obtained.Source 2Source 1 |
| Existing-account check | Use the received novation/transfer notice to identify the party responsible for old claims, retained trade history, new funding routes and protection changes; brand continuity alone does not resolve them.Source 39 |
Event timeline32
Documented regulatory outcome
| Event | What the authority says |
|---|---|
| 20 February 2025 settlement | GFSC says Alvar accepted it had not demonstrated effective business control and management during April 2021–May 2024.Source 40 |
| Penalty | Alvar agreed to GBP 186,038.52. The notice describes a regulatory settlement and cooperation; it does not say the firm’s current permissions were withdrawn.Source 40 |
The current firm identities and GICS mechanics are supported by direct authority records. Pricing, software features and insurance statements are broker publications, with conflicts retained where material. No trading account, withdrawal, telephone response or execution result was tested.[34]
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Alvar Financial Services Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Gibraltar Financial Services CommissionFSC1108MIF | Authorised | Checked 11 Oct 2026Current GFSC record confirms the company and Intertrader trading name; broker publishes licence reference FSC1108MIF.Source 34Source 1 |
| Financial Conduct Authority597312 | Not verified | Checked 11 Oct 2026Limited UK regulation is disclosed by the broker; complete current FCA permissions were not readable in the retrieved firm page.Source 1Source 35 |
Tau Markets Ltd
MauritiusSource 2
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Services CommissionGB22201294 / L10C23AB01 | Not verified | Checked 11 Oct 2026Current ROW disclosure; firm-specific FSC register entry was not independently retrieved.Source 2 |
Additional Information
Sections ↑Reference table33
Contract details that deserve a final symbol check
| Item | Why it matters |
|---|---|
| Fractional trading | A 0.1 stake or contract is a sizing increment, not fractional registered share ownership. The minimum is market-specific; the info button shows the actual market requirement.Source 18 |
| Euro-Bund point example | The bond table’s example repeats the same price on both sides. Its stated minimum tick/point should be confirmed before deriving money-per-point exposure.Source 12 |
| Software maintenance | Third-party MetaTrader service limitations apply separately from the broker’s margin and order rules; pausing a desktop terminal does not establish that server orders are cancelled.Source 27 |
| Statement access | The customer agreement says online statements can be unavailable during suspension/platform unavailability. Keep independent copies of confirmations and account history.Source 24 |
Sources & further reading
- Intertrader main offer and footer Intertrader · Accessed 11 Oct 2026
- ROW service and Mauritius disclosure Intertrader · Accessed 11 Oct 2026
- CFD service Intertrader · Accessed 11 Oct 2026
- Spread betting service Intertrader · Accessed 11 Oct 2026
- Commodity market offering Intertrader · Accessed 11 Oct 2026
- Equity market offering Intertrader · Accessed 11 Oct 2026
- Market pricing and financing Intertrader · Accessed 11 Oct 2026
- MT5 FX specifications Intertrader · Accessed 11 Oct 2026
- MT5 commodity specifications Intertrader · Accessed 11 Oct 2026
- MT5 index specifications Intertrader · Accessed 11 Oct 2026
- MT5 share tariffs Intertrader · Accessed 11 Oct 2026
- MT5 bond specifications Intertrader · Accessed 11 Oct 2026
- MetaTrader 4 Intertrader · Accessed 11 Oct 2026
- MetaTrader 5 Intertrader · Accessed 11 Oct 2026
- Intertrader+ web platform Intertrader · Accessed 11 Oct 2026
- Intertrader+ mobile platform Intertrader · Accessed 11 Oct 2026
- Integrated analysis services Intertrader · Accessed 11 Oct 2026
- Fractional trade sizes Intertrader · Accessed 11 Oct 2026
- Funding your account Intertrader · Accessed 11 Oct 2026
- Consumer support Intertrader · Accessed 11 Oct 2026
- Alvar client-funds statements Intertrader · Accessed 11 Oct 2026
- ROW client-funds statements Intertrader · Accessed 11 Oct 2026
- Alvar customer agreement Intertrader · Accessed 11 Oct 2026
- Tau retail client agreement Intertrader · Accessed 11 Oct 2026
- Alvar complaint procedure Intertrader · Accessed 11 Oct 2026
- Alvar application attestation Intertrader · Accessed 11 Oct 2026
- MT5 third-party disclaimer Intertrader · Accessed 11 Oct 2026
- Partner and institutional services Intertrader · Accessed 11 Oct 2026
- Professional TradeBack rebate Intertrader · Accessed 11 Oct 2026
- Alvar order-execution summary — May 2023 Intertrader · Accessed 11 Oct 2026
- Tau order-execution policy Intertrader · Accessed 11 Oct 2026
- Tau complaint policy Intertrader · Accessed 11 Oct 2026
- FX CFD key information document Intertrader · Accessed 11 Oct 2026
- Alvar current entity record Gibraltar Financial Services Commission · Accessed 11 Oct 2026
- Alvar FCA firm record Financial Conduct Authority · Accessed 11 Oct 2026
- GICS members Gibraltar Investor Compensation Scheme · Accessed 11 Oct 2026
- GICS compensation limits Gibraltar Investor Compensation Scheme · Accessed 11 Oct 2026
- GICS eligibility and exclusions Gibraltar Investor Compensation Scheme · Accessed 11 Oct 2026
- Alvar overseas-company record and previous name Companies House · Accessed 11 Oct 2026
- Alvar regulatory settlement — February 2025 Gibraltar Financial Services Commission · Accessed 11 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.