Ingot Brokers
Xtrade
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Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while Xtrade was established in 2003 and is based in Australia. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Ingot Brokers serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $1000 at Ingot Brokers and $1 at Xtrade.
| Feature | Ingot Brokers | Xtrade |
|---|---|---|
| Min. Deposit | $1000 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2004 | 2003 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $1000 at Ingot Brokers). Neither broker charges withdrawal fees. Ingot Brokers applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; Ingot Brokers does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Ingot Brokers | Xtrade |
|---|---|---|
| Min. Deposit | $1000 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while Xtrade 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 | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ingot Brokers and Xtrade compare. Ingot Brokers has a video library; Xtrade does not. Ingot Brokers integrates third-party research tools (Autochartist); Xtrade does not. Ingot Brokers scores higher overall in education and research.
| Feature | Ingot Brokers | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ingot Brokers uniquely supports bank transfer and credit/debit card among the two brokers. Ingot Brokers scores higher on deposit and withdrawal flexibility.
| Feature | Ingot Brokers | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
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 Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Ingot Brokers offers multilingual support. Both brokers are comparable on support quality.
| Feature | Ingot Brokers | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |