Ingot Brokers
PaxForex
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Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while PaxForex is regulated by Financial Services Authority (FSA) among others. Ingot Brokers serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $1000 at Ingot Brokers and $10 at PaxForex.
| Feature | Ingot Brokers | PaxForex |
|---|---|---|
| Min. Deposit | $1000 | $10 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2004 | 2011 |
| Country | Australia | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $1000 at Ingot Brokers). PaxForex charges withdrawal fees while Ingot Brokers does not, giving Ingot Brokers an edge for frequent withdrawers. Ingot Brokers applies inactivity fees on dormant accounts; PaxForex does not. PaxForex charges deposit fees; Ingot Brokers does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Ingot Brokers | PaxForex |
|---|---|---|
| Min. Deposit | $1000 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while PaxForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. PaxForex supports social and copy trading features, which Ingot Brokers does not offer. The two brokers are closely matched on platform offering.
| Feature | Ingot Brokers | PaxForex |
|---|---|---|
| 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 | Web, iPad, mac, Desktop, iPhone iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ingot Brokers and PaxForex compare. PaxForex runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. PaxForex publishes daily market commentary; Ingot Brokers does not. Both integrate third-party research tools. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | Ingot Brokers | PaxForex |
|---|---|---|
| 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 PaxForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). PaxForex uniquely supports Skrill and Neteller among the two brokers. PaxForex scores higher on deposit and withdrawal flexibility.
| Feature | Ingot Brokers | PaxForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Ingot Brokers supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Ingot Brokers | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |