Ingot Brokers
WIT Invest
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while WIT Invest was established in 2008 and is based in Saint Vincent and the Grenadines. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while WIT Invest is regulated by Unregulated among others. Ingot Brokers serves 10,000+ clients worldwide; WIT Invest has 10,000+. The minimum deposit is $1000 at Ingot Brokers and $100 at WIT Invest.
| Feature | Ingot Brokers | WIT Invest |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2004 | 2008 |
| Country | Australia | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and WIT Invest, directly affecting your bottom line as a trader. WIT Invest 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; WIT Invest does not. WIT Invest charges deposit fees; Ingot Brokers does not. Overall, WIT Invest scores higher on fees in our assessment.
| Feature | Ingot Brokers | WIT Invest |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while WIT Invest supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. WIT Invest supports social and copy trading features, which Ingot Brokers does not offer. The two brokers are closely matched on platform offering.
| Feature | Ingot Brokers | WIT Invest |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ingot Brokers and WIT Invest compare. WIT Invest runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. WIT Invest publishes daily market commentary; Ingot Brokers does not. Both integrate third-party research tools. WIT Invest maintains an archive of past webinars for on-demand viewing. WIT Invest scores higher overall in education and research.
| Feature | Ingot Brokers | WIT Invest |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
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 WIT Invest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ingot Brokers | WIT Invest |
|---|---|---|
| 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 WIT Invest 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 | WIT Invest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |