Ingot Brokers
TopForex
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Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while TopForex was established in 2009 and is based in Cyprus. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Ingot Brokers serves 10,000+ clients worldwide; TopForex has 10,000+. The minimum deposit is $1000 at Ingot Brokers and $100 at TopForex.
| Feature | Ingot Brokers | TopForex |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2004 | 2009 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and TopForex, directly affecting your bottom line as a trader. TopForex has a lower barrier to entry with a minimum deposit of $100 (vs $1000 at Ingot Brokers). TopForex charges withdrawal fees while Ingot Brokers does not, giving Ingot Brokers an edge for frequent withdrawers. Ingot Brokers applies inactivity fees on dormant accounts; TopForex does not. Overall, TopForex scores higher on fees in our assessment.
| Feature | Ingot Brokers | TopForex |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while TopForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. TopForex supports social and copy trading features, which Ingot Brokers does not offer. The two brokers are closely matched on platform offering.
| Feature | Ingot Brokers | TopForex |
|---|---|---|
| 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, Web Trader, 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 TopForex compare. TopForex runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. TopForex publishes daily market commentary; Ingot Brokers does not. Both integrate third-party research tools. TopForex maintains an archive of past webinars for on-demand viewing. TopForex scores higher overall in education and research.
| Feature | Ingot Brokers | TopForex |
|---|---|---|
| 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 TopForex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ingot Brokers | TopForex |
|---|---|---|
| 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 TopForex 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 | TopForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |