Ingot Brokers vs Interactive Brokers
Ingot Brokers or Interactive Brokers – which is better for UK traders 2024? Compare Ingot Brokers and Interactive Brokers in this detailed breakdown of their platforms, features and fees.
Ingot Brokers | Interactive Brokers |
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Ingot Brokers is ranked #42 among CFD brokers. | Interactive Brokers is ranked #8 among CFD brokers. |
Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options. | Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $0 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | $100 |
Regulator | |
ASIC, FSCA, JSC, FSA, CMA | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB |
Mobile Apps | |
iOS & Android | iOS & Android |
Trading App | |
The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1.55 - 2.59% | |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
Yes | No |
cTrader | |
No | No |
AlgoTrader | |
No | Yes |
OmniTrader | |
No | Yes |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | Yes |
Trading Central | |
No | Yes |
STP Account | |
No | Yes |
ECN Account | |
Yes | No |
DMA Account | |
No | Yes |
MAM Account | |
Yes | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Capitalise.ai & TWS API |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Ingot Brokers offers a bespoke copy trading app where users can copy seasoned traders with low fees and detailed performance metrics. Beginners can learn from seasoned traders who in turn can generate a second revenue stream by marketing their trades. | |
Social Trading | |
No | No |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | $0 |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
Ingot Brokers offers CFD trading on 1000+ instruments including stocks, commodities and cryptocurrencies. The MT4 and MT5 platforms offer comprehensive features for active CFD traders, including multiple order types and pre-integrated technical tools. | Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. |
Leverage | |
1:500 | 1:50 |
FTSE Spread | |
From 0 pip | 0.005% (£1 Min) |
GBPUSD Spread< | |
From 0 pip | 0.08-0.20 bps x trade value |
Oil Spread | |
From 0 pip | 0.25-0.85 |
Stocks Spread | |
From 0 pip | 0.003 |
Forex | |
Ingot Brokers offers forex trading on a modest suite of 30+ currency pairs with raw spreads on the MT5 platform. There are also no restrictions on short-term trading strategies, including hedging, scalping and the use of Expert Advisors (EAs). | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. |
Assets | |
30+ | 100+ |
GBPUSD Spread | |
From 0 pip | 0.08-0.20 bps x trade value |
EURUSD Spread | |
From 0 pip | 0.08-0.20 bps x trade value |
EURGBP Spread | |
From 0 pip | 0.08-0.20 bps x trade value |
Cryptocurrency | |
You can access 25 cryptocurrencies paired with USD, including BTC/USD and ETH/USD as well as smaller tokens like DOTUSD. The broker doesn’t offer a crypto wallet or exchange, although you can deposit via Bitcoin, Ethereum or Tether with zero fees. | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. |
Spread | |
From 0 pip | 0.12%-0.18% |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Ingot Brokers | Interactive Brokers |
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