Ingot Brokers
scotia itrade
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Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while scotia itrade was established in 2012 and is based in UK. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while scotia itrade is regulated by Financial Conduct Authority (FCA) among others. Ingot Brokers serves 10,000+ clients worldwide; scotia itrade has 10,000+. The minimum deposit is $1000 at Ingot Brokers and $250 at scotia itrade.
| Feature | Ingot Brokers | scotia itrade |
|---|---|---|
| Min. Deposit | $1000 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F303 |
| Founded | 2004 | 2012 |
| Country | Australia | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and scotia itrade, directly affecting your bottom line as a trader. Ingot Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $250 at scotia itrade). Neither broker charges withdrawal fees. Ingot Brokers applies inactivity fees on dormant accounts; scotia itrade does not. Overall, scotia itrade scores higher on fees in our assessment.
| Feature | Ingot Brokers | scotia itrade |
|---|---|---|
| Min. Deposit | $1000 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while scotia itrade supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. scotia itrade supports social and copy trading features, which Ingot Brokers does not offer. Ingot Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Ingot Brokers | scotia itrade |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ingot Brokers and scotia itrade compare. scotia itrade runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. scotia itrade publishes daily market commentary; Ingot Brokers does not. Both integrate third-party research tools. scotia itrade maintains an archive of past webinars for on-demand viewing. scotia itrade scores higher overall in education and research.
| Feature | Ingot Brokers | scotia itrade |
|---|---|---|
| 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 scotia itrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). scotia itrade uniquely supports PayPal and Skrill and Neteller among the two brokers. scotia itrade scores higher on deposit and withdrawal flexibility.
| Feature | Ingot Brokers | scotia itrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 scotia itrade offer live chat support. Both provide phone support. Email support is available at both brokers. Ingot Brokers supports 2 languages and scotia itrade supports 8, giving scotia itrade broader global reach. Both brokers are comparable on support quality.
| Feature | Ingot Brokers | scotia itrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |