Ingot Brokers
Teletrade
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Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while Teletrade was established in 2008 and is based in Cyprus. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Ingot Brokers serves 10,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is $1000 at Ingot Brokers and $100 at Teletrade.
| Feature | Ingot Brokers | Teletrade |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2004 | 2008 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and Teletrade, directly affecting your bottom line as a trader. Teletrade has a lower barrier to entry with a minimum deposit of $100 (vs $1000 at Ingot Brokers). Neither broker charges withdrawal fees. Ingot Brokers applies inactivity fees on dormant accounts; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Ingot Brokers | Teletrade |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Ingot Brokers | Teletrade |
|---|---|---|
| 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 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ingot Brokers and Teletrade compare. Teletrade runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. Teletrade publishes daily market commentary; Ingot Brokers does not. Both integrate third-party research tools. Teletrade maintains an archive of past webinars for on-demand viewing. Teletrade scores higher overall in education and research.
| Feature | Ingot Brokers | Teletrade |
|---|---|---|
| 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 Teletrade supports 2 (Skrill, Neteller). Ingot Brokers uniquely supports bank transfer and credit/debit card among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Ingot Brokers scores higher on deposit and withdrawal flexibility.
| Feature | Ingot Brokers | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| 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 Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Ingot Brokers supports 2 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Ingot Brokers | Teletrade |
|---|---|---|
| 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 |