Ingot Brokers vs FXCentrum

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

Ingot Brokers vs FXCentrum Comparison Table 2024

Ingot Brokers	FXCentrum
3.8	3.3
Ingot Brokers is ranked #43 among CFD brokers.	FXCentrum is ranked #89 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.	FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.
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	Very competitive pricing with no commissions and spreads from 0.2 pips Flexible trading platform options with the popular MetaTrader 5 as well as a bespoke platform Good selection of forex, stocks and commodities to trade with over 3000 instruments Personal 'retention manager' assigned to account holders Great suite of educational content for beginners Low starting deposit of just $10 Copy trading via ZuluTrade
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	Few educational resources or additional tools for advanced traders Bonuses have difficult withdrawal requirements Clients from USA and Poland not accepted Monthly withdrawal charges No MetaTrader 4 platform Monthly inactivity fee Offshore regulation
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, ETFs, Commodities
Bonus
	$160 no deposit bonus
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Payment Methods
Credit Cards Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer	AstroPay Credit Cards Debit Card Mastercard Perfect Money Swift Visa Wire Transfer
Minimum Trade
0.01 Lots	0.1 Lots
Regulator
ASIC, FSCA, JSC, FSA, CMA	SFSA
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	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.	Copy trading is available via the award-winning ZuluTrade platform. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	Yes
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 EUR
Commodities
Coffee Cocoa Sugar Corn Wheat Soybeans Oil Natural Gas Gold Silver Platinum	Cocoa Coffee Gold Silver Oil Copper Gasoline Platinum Aluminium Nickel
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 commission-free CFDs on 3000+ instruments from forex, stock and commodities markets with volumes starting from 0.1 lots, a low minimum deposit of $10 and tight floating spreads. The selection of CFDs beats most competitors.
Leverage
1:500	1:1000
FTSE Spread
From 0 pip	2.0
GBPUSD Spread<
From 0 pip	0.4
Oil Spread
From 0 pip	0.05
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 50+ forex pairs including popular majors and minors with very high leverage available up to 1:1000. Gold, silver, palladium and platinum pairs with USD are also available.
Assets
30+	50+
GBPUSD Spread
From 0 pip	0.4
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.
Spread
From 0 pip
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
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Ingot Brokers	FXCentrum
Review	Review
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