Ingot Brokers
Nutmeg
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Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while Nutmeg was established in 2008 and is based in USA. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while Nutmeg is regulated by Unregulated among others. Ingot Brokers serves 10,000+ clients worldwide; Nutmeg has 10,000+. The minimum deposit is $1000 at Ingot Brokers and $0 at Nutmeg.
| Feature | Ingot Brokers | Nutmeg |
|---|---|---|
| Min. Deposit | $1000 | $0 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2004 | 2008 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and Nutmeg, directly affecting your bottom line as a trader. Nutmeg has a lower barrier to entry with a minimum deposit of $0 (vs $1000 at Ingot Brokers). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Nutmeg scores higher on fees in our assessment.
| Feature | Ingot Brokers | Nutmeg |
|---|---|---|
| Min. Deposit | $1000 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while Nutmeg supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nutmeg supports social and copy trading features, which Ingot Brokers does not offer. The two brokers are closely matched on platform offering.
| Feature | Ingot Brokers | Nutmeg |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Tablet & Mobile apps | WebTrader, Desktop, Mobile & Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ingot Brokers and Nutmeg compare. Nutmeg runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. Nutmeg publishes daily market commentary; Ingot Brokers does not. Both integrate third-party research tools. Nutmeg maintains an archive of past webinars for on-demand viewing. Nutmeg scores higher overall in education and research.
| Feature | Ingot Brokers | Nutmeg |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ingot Brokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Nutmeg supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ingot Brokers | Nutmeg |
|---|---|---|
| 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 Ingot Brokers and Nutmeg 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 | Ingot Brokers | Nutmeg |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |