XS vs Ingot Brokers

XS vs Ingot Brokers Comparison Table 2024
XS Ingot Brokers
2.9
3.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

XS is an established forex and CFD broker based in Australia. Clients can access 1000+ assets on the popular MT4 and MT5 platforms. The firm holds several global licenses and is regulated by the ASIC, CySEC and Seychelles FSA.

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.

Comment by Reviewer
"Based on my experience with XS, this broker should provide competitive high-leverage trading opportunities to global traders looking for STP or ECN execution on a strong range of CFD assets. However, the lack of additional tools and educational resources is a major drawback for me." "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."
Pros
  • XS clients can access the reliable MetaTrader 4 and MetaTrader 5 platforms with several flexible account types
  • I'm pleased with the strong regulatory oversight from CySEC and ASIC, plus negative balance protection
  • I'm satisfied that the multiple payment methods will make the broker accessible to global traders
  • Traders can access 1000+ investments through leveraged CFDs, with zero commissions
  • There's a free MT4 or MT5 demo account for beginners and prospective clients
  • 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
Cons
  • Global traders registered with the offshore entity won't receive the same fund protections as the other licensed branches
  • I think XS trails behind competitors when it comes to education and research, with no notable tools available for clients
  • There are also no copy trading tools for new traders or for those who want to become strategy providers
  • 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
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
Instruments
CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto, Futures CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$200 $10
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, ASIC, FSA ASIC, FSCA, JSC, FSA, CMA
Margin Trading
Yes Yes
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
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader 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
Trade Signals
MetaTrader
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 Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • AUD
Stock Exchanges
Commodities
CFD Trading
With more than 1,100 CFDs spanning precious metals, stocks, crypto, forex, futures and indices, I’m pretty confident that there will be something for everyone at XS. Traders can also enjoy zero commissions on CFD trades plus a range of account types. 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 1:500
FTSE Spread
From 0.7 (Standard) From 0 pip
GBPUSD Spread
From 0.7 (Standard) From 0 pip
Oil Spread
From 0.7 (Standard) From 0 pip
Stocks Spread
From 0.7 (Standard) From 0 pip
Forex Trading
My tests have uncovered a decent range of 55 currency pairs at XS with spreads from 0.1 pips in the Pro accounts. Dedicated forex traders should also be pleased with the choice of MetaTrader platforms, which can facilitate complex forex strategies. 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
From 0.7 (Standard) From 0 pip
EURUSD Spread
From 0.7 (Standard) From 0 pip
EURGBP Spread
From 0.7 (Standard) From 0 pip
Assets
44 30+
Cryptocurrency
On the downside, I am disappointed to see such a mediocre variety of crypto products supported by XS, with only 6 cryptocurrencies available. With that said, I was able to access decent leverage rates up to 1:20. 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 0.7 (Standard) From 0 pip
Coins
  • ADA
  • ALG
  • APE
  • ATOM
  • AXS
  • BTC
  • DASH
  • DOGE
  • DOT
  • EOS
  • ETH
  • FIL
  • IOTA
  • LTC
  • NEO
  • OMG
  • QTM
  • SOL
  • TRX
  • UNI
  • XLM
  • XMR
  • XRP
  • XTZ
  • ZEC
  • 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
More Comparisons
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