Ingot Brokers vs Axi
Ingot Brokers or Axi – which is better for UK traders 2024? Compare Ingot Brokers and Axi in this detailed breakdown of their platforms, features and fees.
| Ingot Brokers | Axi |
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| Ingot Brokers is ranked #40 among CFD brokers. | Axi is ranked #26 among CFD brokers. |
| 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. | Established in 2007, Axi is a multi-regulated forex and CFD broker that has made strides to improve its trading experience over the years, from expanding its suite of stocks and upgrading the Axi Academy to launching its own copy trading app. |
| 72.4% of retail investor accounts lose money when trading CFDs with this provider | |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, FSCA, JSC, FSA, CMA | FCA, ASIC, FMA, DFSA, SVGFSA |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
Axi’s app delivers a smooth, efficient trading experience, integrating all the tools needed for active trading in global markets right from your palm. Benefiting from upgrades to fix bugs and improve speed, it now features push notifications, personalized watchlists, and educational videos, all within a user-friendly interface that really impresses. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | Yes |
| PAMM Account | |
| No | Yes |
| 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, Myfxbook |
| Copy Trading | |
| Yes | Yes |
| 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 | Yes |
| Trade Signals | |
| MT4, Autochartist | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $10 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| 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. | Axi offers a growing suite of CFDs covering currencies, shares, indices, commodities and crypto (location dependent). It’s clearly built with active traders in mind with zero restrictions on scalping or algo trading, extensive leverage opportunities, and fast execution with latency under 100ms. |
| Leverage | |
| 1:500 | 1:30 |
| FTSE Spread | |
| From 0 pip | 1.0 |
| GBPUSD Spread< | |
| From 0 pip | 0.6 |
| Oil Spread | |
| From 0 pip | 0.03 |
| Stocks Spread | |
| From 0 pip | 0.07 |
| 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). | Axi’s 70+ currency pairs is its strongest market offering and beats out rivals like AvaTrade, which offers only 50+. Combine this with an elevated MT4 offering through the NextGen add-on, and Axi remains an excellent broker for forex traders. |
| Assets | |
| 30+ | 70+ |
| GBPUSD Spread | |
| From 0 pip | 0.5 |
| EURUSD Spread | |
| From 0 pip | 0.2 |
| EURGBP Spread | |
| From 0 pip | 0.5 |
| 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. | Axi provides 24/7 short-term trading opportunities on 30 popular cryptos paired with fiat currencies, other tokens and more unusually, metals. It also stands out with its high leverage up to 1:200 for advanced crypto traders, amplifying potential returns but also losses. |
| Spread | |
| From 0 pip | From 0.0 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Ingot Brokers | Axi |
| 72.4% of retail investor accounts lose money when trading CFDs with this provider | |
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Ingot Brokers vs |
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