Ingot Brokers vs AZAforex

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

Ingot Brokers vs AZAforex Comparison Table 2024

Ingot Brokers	AZAforex
3.8	3.4
Ingot Brokers is ranked #40 among CFD brokers.	AZAforex is ranked #6 among binary options 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.	AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.
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	Range of crypto, e-wallet, credit/debit card and wire transfer options 16 fiat and 6 crypto account base currencies Loyalty bonuses and rebate program Low minimum deposit of $1 Very high leverage up to 1:1000 Copy trading and PAMM account Free VPS for VIP accounts Demo account available
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	Unregulated broker reduces its safety score Withdrawal fees for some payment methods Limited educational content and resources Some poor customer reviews No MetaTrader access
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, Stocks, Cryptos, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$10	$1
Payment Methods
Credit Cards Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer	ADVcash Credit Cards Debit Card Perfect Money Wire Transfer
Minimum Trade
0.01 Lots	0.00001 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	No
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	No
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	No
Auto Trading
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
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	Yes
Account Currencies
USD AUD	USD THB VND UAH
Commodities
Coffee Cocoa Sugar Corn Wheat Soybeans Oil Natural Gas Gold Silver Platinum	Oil Silver
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 200+ CFDs with leverage up to 1:1000 on a powerful proprietary platform. Asset classes include stocks, forex and crypto with ECN execution. You can bet on rising and falling prices with leveraged CFDs.
Leverage
1:500	1:1000
FTSE Spread
From 0 pip	Variable
GBPUSD Spread<
From 0 pip	Variable
Oil Spread
From 0 pip	Variable
Stocks Spread
From 0 pip	Variable
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).	Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform.
Assets
30+	72
GBPUSD Spread
From 0 pip	Variable
EURUSD Spread
From 0 pip	Variable
EURGBP Spread
From 0 pip	Variable
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.	Invest in 10 popular cryptos such as Bitcoin and Ethereum. A choice of six crypto account base currencies are available plus a welcome bonus for new traders.
Spread
From 0 pip	Variable
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 BCH DASH ETH LTC USDC USDT XMR XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
	AZAforex offers binary options with time-dependent payouts that can be taken out on any asset included as a CFD or spot instrument. Over 50 binary options are available with a $1 minimum stake and payouts up to 190%.
Payout
	190%
Boundary Options
No	No
Ladder Options
No	No
Ingot Brokers	AZAforex
Review	Review
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