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Ingot Brokers vs BitMEX

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

Ingot Brokers vs BitMEX Comparison Table 2024
Ingot Brokers	BitMEX

3.8	3.2
Ingot Brokers is ranked #40 among CFD brokers.	BitMEX is ranked #6 among crypto 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.	BitMEX is a crypto exchange and derivatives trading platform, launched in 2014. The firm offers a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
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	The Guilds social trading service allows traders to participate in competitions and earn rewards, including a weekly prize pool worth 4,000 USDT at the time of writing BitMEX continues to deliver a considerable amount of market information for free, as well as trading guides and community channels on Discord, Telegram and more The broker offers high levels of security, using a combination of hot and cold wallets and cryptography key management The native token, BMEX, can be staked with up to 15% trading fee discounts, among other exclusive privileges Comprehensive customizability is available within the platform, with movable widgets and order book filters Traders have the opportunity to connect with investors using the intuitive inbuilt chat feature The exclusive crypto platform makes it more streamlined than other multi-asset terminals Traders can earn interest if they HODL Tether and Bitcoin The broker offers 2 API systems for seasoned traders
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	BitMEX is an offshore firm and is not regulated by any reputable authority, though this is common among crypto brokers BitMEX is geared towards more active traders, with fewer tools and features aimed at newbies The broker was involved in a legal dispute with US regulators which resulted in fines Withdrawals are only carried out at a specified time of day Only Bitcoin is accepted for free withdrawals
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	Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$0.01
Payment Methods
Credit Cards Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
ASIC, FSCA, JSC, FSA, CMA	Republic of Seychelles
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
	3.2
Android App Rating
	3.2
Margin Trading
Yes	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	No
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	No
Market Maker
No	Yes
P2P Trading
No	Yes
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	BitMEX Market Maker, BotVS, and via API
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	Yes
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
Islamic Account
Yes	No
Account Currencies
USD AUD
Commodities
Coffee Cocoa Sugar Corn Wheat Soybeans Oil Natural Gas Gold Silver Platinum
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.
Leverage
1:500
FTSE Spread
From 0 pip
GBPUSD Spread<
From 0 pip
Oil Spread
From 0 pip
Stocks Spread
From 0 pip
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).
Assets
30+
GBPUSD Spread
From 0 pip
EURUSD Spread
From 0 pip
EURGBP Spread
From 0 pip
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.	BitMEX continues to offer a highly competitive crypto trading environment, with cheap $1 contracts and leverage up to 1:100. The broker’s proprietary platform offers cutting-edge trading features, including a customizable order book, a depth chart and dozens of technical indicators.
Spread
From 0 pip	-0.01% maker, 0.075% taker
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	BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	Yes

Ingot Brokers	BitMEX
Review	Review
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