Fortrade
Ingot Brokers
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while Ingot Brokers was established in 2004 and is based in Australia. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Ingot Brokers is regulated by Australian Securities and Investment Commission (ASIC) among others. Fortrade serves 10,000+ clients worldwide; Ingot Brokers has 10,000+. The minimum deposit is $1 at Fortrade and $1000 at Ingot Brokers.
| Feature | Fortrade | Ingot Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Regulation | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 | Australian Securities and Investment Commission (ASIC) |
| Founded | 1992 | 2004 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Ingot Brokers, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $1000 at Ingot Brokers). Neither broker charges withdrawal fees. Ingot Brokers applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; Ingot Brokers does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | Ingot Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Fortrade 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 | Fortrade | 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, 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 Fortrade and Ingot Brokers compare. Ingot Brokers has a video library; Fortrade does not. Ingot Brokers integrates third-party research tools (Autochartist); Fortrade does not. Ingot Brokers scores higher overall in education and research.
| Feature | Fortrade | 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. Fortrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Ingot Brokers supports 2 (bank transfer, credit/debit card). Fortrade uniquely supports PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Ingot Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Fortrade and Ingot Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Ingot Brokers supports 2, giving Ingot Brokers broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Ingot Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |