CMC Markets
Ingot Brokers
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while Ingot Brokers was established in 2004 and is based in Australia. CMC Markets holds licences including Financial Conduct Authority (FCA), while Ingot Brokers is regulated by Australian Securities and Investment Commission (ASIC) among others. CMC Markets serves 10,000+ clients worldwide; Ingot Brokers has 10,000+. The minimum deposit is $200 at CMC Markets and $1000 at Ingot Brokers.
| Feature | CMC Markets | Ingot Brokers |
|---|---|---|
| Min. Deposit | $200 | $1000 |
| Regulation | Financial Conduct Authority (FCA) | Australian Securities and Investment Commission (ASIC) |
| Founded | 1989 | 2004 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and Ingot Brokers, directly affecting your bottom line as a trader. Ingot Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $200 at CMC Markets). CMC Markets charges withdrawal fees while Ingot Brokers does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | CMC Markets | Ingot Brokers |
|---|---|---|
| Min. Deposit | $200 | $1000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
CMC Markets offers MT4, MT5, cTrader, while Ingot Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | CMC Markets | Ingot Brokers |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Binary, Tablet & Mobile apps | MT4, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and Ingot Brokers compare. CMC Markets runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. CMC Markets publishes daily market commentary; Ingot Brokers does not. Both integrate third-party research tools. CMC Markets maintains an archive of past webinars for on-demand viewing. CMC Markets scores higher overall in education and research.
| Feature | CMC Markets | Ingot Brokers |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. CMC Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Ingot Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CMC Markets | Ingot Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both CMC Markets and Ingot Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and Ingot Brokers supports 2, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | Ingot Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, and Chinese |