Your capital is at risk. Trade only with funds you can afford to lose.
OANDA
#70 in our CFD broker rankings
Accepts traders from SPAM
Rating breakdown
- Regulation & trust4.4same as Ingot Brokers (4.4)
- Assets & markets3.40.8 lower than Ingot Brokers (4.2)
- Fees & costs3.50.4 lower than Ingot Brokers (3.9)
- Platforms & tools3.30.5 lower than Ingot Brokers (3.8)
- Accounts & banking3.50.7 lower than Ingot Brokers (4.2)
- Education4.30.5 higher than Ingot Brokers (3.8)
- Research3.80.5 higher than Ingot Brokers (3.3)
- Customer support4.50.5 higher than Ingot Brokers (4.0)
Ingot Brokers’s score. Numbers show the difference.
Ingot Brokers
#20 in our CFD broker rankings
Accepts traders from SPAM
Rating breakdown
- Regulation & trust4.4same as OANDA (4.4)
- Assets & markets4.20.8 higher than OANDA (3.4)
- Fees & costs3.90.4 higher than OANDA (3.5)
- Platforms & tools3.80.5 higher than OANDA (3.3)
- Accounts & banking4.20.7 higher than OANDA (3.5)
- Education3.80.5 lower than OANDA (4.3)
- Research3.30.5 lower than OANDA (3.8)
- Customer support4.00.5 lower than OANDA (4.5)
OANDA’s score. Numbers show the difference.
| OANDA | Ingot Brokers | |
|---|---|---|
| Overview | OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. | 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. |
| Customer Reviews | Based on 3 customer reviews | Based on 2 customer reviews |
| Trustpilot Score | – | |
| Comment by Reviewer | “OANDA will serve day traders looking for a trustworthy broker with a beginner-friendly platform, superb research and straightforward account opening. The $0 minimum deposit and excellent customer support makes it especially attractive to newer traders.” | “Ingot Brokers is a good choice for day traders looking for a no-frills broker with a wide range of instruments. Experienced traders will appreciate access to the advanced MT5 platform, although beginners may be disappointed in the lack of educational resources.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs, Spread Betting | CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $10 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, CIRO, ASIC, MAS, JFSA, KNF, BVI FSC | ASIC, CySEC, JSC, FSA, CMA-Kenya |
| Margin Trading | Yes | Yes |
| Margin Rate | 2% | – |
| STP Account | No | No |
| ECN Account | No | Yes |
| DMA Account | No | No |
| MAM Account | No | Yes |
| 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 | Yes | No |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | OANDA Trade, MT4 | iOS & Android |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader and OANDA API | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | No | 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 | No |
| VPS Hosting | No | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | Yes | No |
| Inactivity Fee | $10 | $0 |
| Islamic Account | No | Yes |
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| CFD Trading | ||
| Overview | You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms. | 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 | 1:200 | 1:500 |
| FTSE Spread | 1.0 | From 0 pip |
| GBPUSD Spread | 1.4 | From 0 pip |
| Oil Spread | 3.0 | From 0 pip |
| Stocks Spread | 12 (Apple Inc) | From 0 pip |
| Forex Trading | ||
| Overview | OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds. | 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). |
| GBPUSD Spread | 1.4 | From 0 pip |
| EURUSD Spread | 0.8 | From 0 pip |
| EURGBP Spread | 0.9 | From 0 pip |
| Assets | 68 | 30+ |
| Cryptocurrency | ||
| Overview | OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility. | 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 | $100 | From 0 pip |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |