Forex Financial Services
Ingot Brokers
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Ingot Brokers was established in 2004 and is based in Australia. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Ingot Brokers is regulated by Australian Securities and Investment Commission (ASIC) among others. Forex Financial Services serves 10,000+ clients worldwide; Ingot Brokers has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $1000 at Ingot Brokers.
| Feature | Forex Financial Services | Ingot Brokers |
|---|---|---|
| Min. Deposit | $2500 | $1000 |
| Regulation | Australian Securities and investment Commission (ASIC) | Australian Securities and Investment Commission (ASIC) |
| Founded | 2008 | 2004 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services 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 $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Ingot Brokers applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Ingot Brokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex Financial Services | Ingot Brokers |
|---|---|---|
| Min. Deposit | $2500 | $1000 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while Ingot Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Ingot Brokers does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | 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 | MT4 | MT4, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and Ingot Brokers compare. Ingot Brokers has a video library; Forex Financial Services does not. Ingot Brokers integrates third-party research tools (Autochartist); Forex Financial Services does not. Ingot Brokers scores higher overall in education and research.
| Feature | Forex Financial Services | Ingot Brokers |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Financial Services 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 | Forex Financial Services | 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 Forex Financial Services and Ingot Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | Ingot Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |