Ingot Brokers vs Amega

Ingot Brokers or Amega – which is better for UK traders 2024? Compare Ingot Brokers and Amega in this detailed breakdown of their platforms, features and fees.

Ingot Brokers vs Amega Comparison Table 2024

Ingot Brokers	Amega
3.8	3.2
Ingot Brokers is ranked #40 among CFD brokers.	Amega is ranked #78 among CFD brokers.
Review	Review
Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.	Amega is an offshore STP broker offering CFD trading fon forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.
Pros
Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis Ingot Brokers offers a copy trading service with passive income opportunities for experienced strategy providers The low $100 minimum deposit and the option to trade with zero commissions will appeal to newer traders Ingot Brokers holds multiple regulatory licenses, including one from the top-tier regulator, ASIC Multiple free payment methods are available, including bank transfers and crypto payments	Amega supports a growing selection of payment options, including cryptos and international banking solutions with an accessible $20 minimum deposit. The MetaTrader 5 platform is excellent for trading with low latency, sophisticated order types, and up to 128 indicators and 21 timeframes to aid precise analysis. The One account keeps things simple for aspiring traders, featuring the full range of forex, stocks, indices and commodities with no hidden fees or swap fees, and $1 cashback per lot.
Cons
The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders The broker’s educational resources and market research trail most competitors The ECN account offers fewer assets than the other account types	Despite offering negative balance protection, Amega still lacks authorization from a trusted regulator, making it a high-risk option with no access to investor protection. Although the library of educational guides is growing, it falls far behind the likes of eToro which offers quizzes, videos and a social trading network for a complete learning journey. As brokers increasingly invest in their own trading software and add third-party solutions like cTrader to meet various trader preferences, Amega trails behind with just MT5.
Awards
Best Trading Experience APC 2021 - European Global Banking & Finance Awards Most Trusted Forex Brand APAC 2021 - European Global Banking & Finance Awards Most Trusted Forex Broker Asia 2021 - International Investors Awards Best Online Trading Support Middle East 2021 - International Investors Awards
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies	CFDs, Forex, Shares, Indices, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$20
Payment Methods
Credit Cards Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer	Perfect Money STICPAY Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FSCA, JSC, FSA, CMA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
Yes	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
Ingot Brokers offers a bespoke copy trading app where users can copy seasoned traders with low fees and detailed performance metrics. Beginners can learn from seasoned traders who in turn can generate a second revenue stream by marketing their trades.
Social Trading
No	No
Trade Signals
	MT5
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$5
Islamic Account
Yes	Yes
Account Currencies
USD AUD	USD
Commodities
Coffee Cocoa Sugar Corn Wheat Soybeans Oil Natural Gas Gold Silver Platinum	Corn Wheat Sugar Soybeans Cocoa Coffee Gold Silver Palladium Platinum Oil Gasoline Natural Gas
CFD
Ingot Brokers offers CFD trading on 1000+ instruments including stocks, commodities and cryptocurrencies. The MT4 and MT5 platforms offer comprehensive features for active CFD traders, including multiple order types and pre-integrated technical tools.	Trade CFDs on 100+ instruments from popular asset classes. Leverage up to 1:200 is available on precious metals, while stocks, indices and energies can access 1:20 max leverage and 1:10 for commodities. On the negative side, the depth of assets is limited vs other CFD brokers.
Leverage
1:500	1:1000
FTSE Spread
From 0 pip	From 0.8 pips
GBPUSD Spread<
From 0 pip	From 0.8 pips
Oil Spread
From 0 pip	From 0.8 pips
Stocks Spread
From 0 pip	From 0.8 pips
Forex
Ingot Brokers offers forex trading on a modest suite of 30+ currency pairs with raw spreads on the MT5 platform. There are also no restrictions on short-term trading strategies, including hedging, scalping and the use of Expert Advisors (EAs).	Amega offers an unusually large selection of currency pairs for an unregulated broker with 70+ forex CFDs, alongside up to 1:1000 leverage, zero commissions and competitive spreads from 0.8 pips. FX traders also have access to MT5 – the faster, more advanced version of MT4.
Assets
30+	70+
GBPUSD Spread
From 0 pip	0.8
EURUSD Spread
From 0 pip	0.8
EURGBP Spread
From 0 pip	0.8
Cryptocurrency
You can access 25 cryptocurrencies paired with USD, including BTC/USD and ETH/USD as well as smaller tokens like DOTUSD. The broker doesn’t offer a crypto wallet or exchange, although you can deposit via Bitcoin, Ethereum or Tether with zero fees.	Trade popular digital tokens against fiat currencies. Go long or short on Bitcoin and get 24/7 instant cashback when you trade in high volumes. However, traders looking for low-cap tokens should look at alternative brokers.
Spread
From 0 pip	From 0.8 pips
Coins
BTC ETH LTC BCH XRP DOT EOS LNK DOGE ADA XLM ATOM AAVE AVX BNB DASH ENJ FTM MATIC SNX WAVE XMR XTZ YFI SOL	BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Ingot Brokers	Amega
Review	Review
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