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Ingot Brokers vs BitMEX

Ingot Brokers or BitMEX – which is better for UK traders 2026? Compare Ingot Brokers and BitMEX in this detailed breakdown of their platforms, features and fees.

Ingot Brokers vs BitMEX Comparison Table 2026
Ingot Brokers	BitMEX

4.3	3.2
Ingot Brokers is ranked #33 among CFD brokers.	BitMEX is ranked #16 among crypto brokers.
Review	Review
Ingot Brokers, established in 2006, is a well-regulated brokerage firm. It provides opportunities for CFD trading on over 1,000 instruments, encompassing forex, stocks, indices, commodities, and cryptocurrencies. The firm supports both MetaTrader 4 and MetaTrader 5 platforms, offering account options with raw spreads as well as commission-free trades.	BitMEX, established in 2014, is a cryptocurrency exchange specialising in derivatives. The platform provides a seamless way to convert fiat to crypto, engage in spot trades, and trade crypto derivatives like perpetual contracts, traditional futures, and quanto futures. BitMEX is known for its significant market liquidity, standing as one of the top exchanges in this aspect.
Pros
Traders have access to the top-tier MT4 and MT5 platforms. Together, these platforms provide numerous advanced technical indicators and charting tools, facilitating comprehensive analysis. Ingot Brokers provides a trading service that allows experienced strategy providers to earn passive income. The modest minimum deposit of $100 and the absence of commission fees are attractive to novice traders. Ingot Brokers is regulated by multiple authorities, including ASIC, a leading regulatory body. Numerous free payment options exist, such as bank transfers and cryptocurrency transactions.	BitMEX introduced the perpetual swap in 2016 and has operated a specialised derivatives exchange since. Its extensive expertise in managing liquidations, funding systems, and order books during extreme scenarios is challenging for generalist exchanges, which treat derivatives as a secondary focus, to replicate. BitMEX functions as a peer-to-peer exchange without internal market makers, ensuring trades are only matched between external parties on a transparent order book. This structure is crucial for traders wary of potential conflicts of interest between exchanges and clients, especially after notable industry scandals involving proprietary trading desks and retail orders. While many exchanges disclose their reserves monthly, often due to external pressure, BitMEX stands out by releasing Proof of Reserves and Liabilities data twice weekly. These figures are independently verifiable on-chain. With exchange solvency now a serious due diligence issue, BitMEX’s frequent reporting and segregated, non-lent funds set a transparency benchmark few rivals achieve.
Cons
The selection of over 30 currency pairs falls short of the industry standard and may not meet the needs of dedicated forex traders. The broker's educational resources and market research lag behind most competitors. The ECN account provides a more limited range of assets compared to other account types.	All BitMEX transactions are in crypto, from deposits to withdrawals, with fiat conversions handled externally by third parties. Traders who use bank accounts face additional costs, exchange rate risks, and operational challenges absent on platforms with direct fiat support. The platform lacks accessibility. Its dense interface, unclear link between mark price and liquidation, and lack of guided onboarding create challenges for traders from spot exchanges. While rivals work to ease these issues, BitMEX's steep learning curve is a significant attrition risk. Excluding US residents permanently affects more than just market size. It restricts US institutional transactions, retail trading volume, and market-making activities from BitMEX's ecosystem. This notably impacts liquidity depth, particularly in newer, thinner contracts, a challenge competitors with US access experience less intensely.
Awards
Best Trading Experience APC 2021 - European Global Banking & Finance Awards Most Trusted Forex Brand APAC 2021 - European Global Banking & Finance Awards Most Trusted Forex Broker Asia 2021 - International Investors Awards Best Online Trading Support Middle East 2021 - International Investors Awards
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies	Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$0.01
Payment Methods
Credit Card Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
ASIC, FSCA, JSC, FSA, CMA	Republic of Seychelles
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
4.8	3.2
Android App Rating
4.6	3.2
Margin Trading
Yes	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	Yes
P2P Trading
No	Yes
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	BitMEX Market Maker, BotVS, and via API
Copy Trading
Yes	No
Copy Trading Platform
Ingot Brokers provides a customised trading app that allows users to replicate experienced traders' actions, featuring low fees and comprehensive performance insights. Novice traders can gain knowledge from experts, while the latter can earn additional income by sharing their trading strategies.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	No
Account Currencies
USD AUD
Commodities
Coffee Cocoa Sugar Corn Wheat Soybeans Oil Natural Gas Gold Silver Platinum
CFD
Ingot Brokers provides trading opportunities across over 1,000 instruments, including stocks, commodities, and cryptocurrencies. The MT4 and MT5 platforms come equipped with advanced features for active traders, such as various order types and built-in technical tools.
Leverage
1:500
FTSE Spread
From 0 pip
GBPUSD Spread<
From 0 pip
Oil Spread
From 0 pip
Stocks Spread
From 0 pip
Forex
Ingot Brokers provides trading services for over 30 currency pairs on the MT5 platform with competitive raw spreads. Traders can freely employ short-term strategies such as hedging, scalping, and the use of Expert Advisors (EAs) without any restrictions.
Assets
30+
GBPUSD Spread
From 0 pip
EURUSD Spread
From 0 pip
EURGBP Spread
From 0 pip
Cryptocurrency
You have access to 25 cryptocurrencies with USD pairings, such as BTC/USD and ETH/USD, along with smaller tokens like DOTUSD. While the broker lacks a crypto wallet and exchange, you can deposit using Bitcoin, Ethereum, or Tether without incurring any fees.	BitMEX provides an exceptionally competitive environment for crypto trading, offering low-cost $1 contracts and leverage up to 100:1. Its unique platform delivers advanced trading tools, featuring a customisable order book, a depth chart, and numerous technical indicators.
Spread
From 0 pip	-0.01% maker, 0.075% taker
Coins
BTC ETH LTC BCH XRP DOT EOS LNK DOGE ADA XLM ATOM AAVE AVX BNB DASH ENJ FTM MATIC SNX WAVE XMR XTZ YFI SOL	BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	Yes

Ingot Brokers	BitMEX
Review	Review
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