Ingot Brokers vs EagleFX

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

Ingot Brokers vs EagleFX Comparison Table 2024
Ingot Brokers EagleFX
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3.8
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4.1
Ingot Brokers is ranked #43 among CFD brokers. EagleFX is ranked #31 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. EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders.
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 $6 round-turn commissions at EagleFX are competitive, with other commission structures we review often coming in at around $7 per round-turn, protecting profit margins for active traders.
  • This broker offers free and unlimited demo accounts in MT4, plus no inactivity fees - ideal for beginners seeking a risk-free environment to develop trading strategies.
  • EagleFX has introduced Bitcoin deposits, as well as fast-tracked withdrawals, which will serve active traders looking for hassle-free account management.
  • EagleFX continues to offer 24/7 customer support to clients via live chat, email or telephone while the ticket system on the website usually sees replies within 15 minutes.
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
  • EagleFX needs to step up its education with extremely basic guides and no learning articles added since 2022, made worse by the lack of analyst insights to inform trading strategies.
  • The range of 100+ instruments on the EagleFX platform will be extremely limiting for serious traders, especially compared to category leaders like Blackbull with its 26,000+ tradable assets.
  • EagleFX is based offshore and is not authorized by a trusted regulator, meaning traders may receive little to no safeguards, substantially increasing the risks of trading with this broker.
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
  • FX Broker With Best Withdrawal Options 2020
  • Best ECN/STP Broker 2020
  • Best Forex Broker 2020
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FSCA, JSC, FSA, CMA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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4.8
Android App Rating
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4.4
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 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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
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
MT4
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 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • AUD
  • USD
  • EUR
  • GBP
Commodities
  • Coffee
  • Cocoa
  • Sugar
  • Corn
  • Wheat
  • Soybeans
  • Oil
  • Natural Gas
  • Gold
  • Silver
  • Platinum
  • Gold
  • Silver
  • Oil
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. The broker offers a small range of 100+ CFD instruments spanning key markets, with high leverage up to 1:500. Pricing is reasonable, with round turn commissions coming in at $6 alongside tight spreads. Multiple short-term strategies are also permitted, including hedging and scalping.
Leverage
1:500 1:500
FTSE Spread
From 0 pip 0.77
GBPUSD Spread<
From 0 pip 1.3
Oil Spread
From 0 pip 0.09
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). EagleFX provides opportunities to go long or short on over 50 forex pairs from majors to exotics, with competitive spreads as low as 0.1 pips. The broker offers the leading charting software, MetaTrader 4, which delivers a host of charting tools for traders, including 9 timeframes and over 30 indicators.
Assets
30+ 55+
GBPUSD Spread
From 0 pip 1.3
EURUSD Spread
From 0 pip 0.7
EURGBP Spread
From 0 pip 1.4
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. A strong range of cryptocurrencies are available with 35+ tokens including popular assets like Bitcoin and Ethereum. You can also make convenient Bitcoin deposits within minutes, with no transfer fees.
Spread
From 0 pip Floating
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
  • DASH
  • EOS
  • BIT
  • ETP
  • LTC
  • BTC
  • OMG
  • ZEC
  • USDT
  • BCH
  • ETP
  • QTUM
  • XMR
  • DOT
  • ETC
  • IOS
  • NEO
  • SAN
  • ZRX
  • EDO
  • ETH
  • IOT
  • NEO
  • SAN
  • XRP
  • BTG
  • EDO
  • ETH
  • OMG
  • TRX
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Ingot Brokers EagleFX
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