Ingot Brokers vs LiteFinance | Which is best 2024 (2024)

Ingot Brokers vs LiteFinance | Which is best 2024 (1)

Review

3.8

Ingot Brokers is #40 in our CFD broker rankings.

Ingot Brokers vs LiteFinance | Which is best 2024 (2)

Review

4

Ingot Brokers vs LiteFinance | Which is best 2024 (3) Traders from UK accepted

Ingot Brokers vs LiteFinance | Which is best 2024 (4) Traders from UK not accepted

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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.

LiteFinance is an offshore-regulated broker with 55 forex pairs and a range of international stocks as well as a smaller list of indices, commodities and cryptocurrencies. With support for the MetaTrader 4 and MetaTrader 5 platforms as well as a proprietary mobile app, there is a good selection of tools available. The broker offers a Classic commission-free account as well as an ECN account with spreads starting from zero and a commission per lot.

Comment by Reviewer "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." "LiteFinance will suit traders seeking high leverage on forex, stocks, commodities, indices and cryptocurrencies. The social trading system will also suit newer investors looking to learn from seasoned 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
  • Great trading platform support with MT4, MT5 and a proprietary app
  • Decent suite of extra tools and features including a VPS
  • Fast and reliable customer support based on testing
  • High leverage available up to 1:500
  • Low starting deposit of $50
  • Automated trading via APIs
  • Good range of forex pairs
  • Social trading service
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
  • Not overseen by any top-tier regulator
  • Some complaints online about difficulties withdrawing funds
  • Wide spreads on the Classic account
  • Does not accept US traders
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, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies Demo Account Yes Yes Minimum Deposit $10 $50 Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
  • Bitcoin Payments
  • Credit Card
  • Debit Card
  • Ethereum Payments
  • Mastercard
  • Neteller
  • PayPal
  • Skrill
  • Visa
  • Wire Transfer
  • Alipay
  • Bitcoin Payments
  • Ethereum Payments
  • M-Pesa
  • Mastercard
  • Perfect Money
  • Swift
  • Visa
  • WebMoney
Minimum Trade 0.01 Lots 0.01 Lots Regulator ASIC, FSCA, JSC, FSA, CMA CySEC Margin Trading Yes Yes STP Account No No ECN Account Yes Yes DMA Account No Yes 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 Mobile Apps iOS & Android iOS & Android 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. LiteFinance offers a forex copy trading solution with hundreds of master traders. Simply decide how long you want to invest for and the amount, for example, $500 for three months. Social Trading No Yes Trade Signals Yes VPS Hosting No Yes Tournaments No No Demo Competitions No Yes 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
Stock Exchanges
  • Australian Securities Exchange
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Nasdaq
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
Commodities
  • Cocoa
  • Coffee
  • Corn
  • Gold
  • Natural Gas
  • Oil
  • Platinum
  • Silver
  • Soybeans
  • Sugar
  • Wheat
  • Gold
  • Oil
  • Silver
CFD Trading 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. CFDs are available on a breadth of assets including stocks, ETFs, indices, commodities and cryptocurrencies with both zero-commission and low-commission, tight spread accounts available. LiteFinance also offers high leverage of up to 1:500, providing significant trading opportunities. Leverage 1:500 1:500 (Crypto 1:50) FTSE Spread From 0 pip 0.8 GBPUSD Spread From 0 pip 0.8 Oil Spread From 0 pip 5.5 Stocks Spread From 0 pip Variable Forex Trading 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). With 55 forex pairs and cross pairs available, including a good selection of minors and exotics, LiteFinance is a good option for forex traders. Although it falls short of some competitors who offer 70 or 80+ forex assets, it offers excellent trading platforms and tools including a VPS. GBPUSD Spread From 0 pip 0.8 EURUSD Spread From 0 pip 0.2 EURGBP Spread From 0 pip 0.5 Assets 30+ 55 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. LiteFinance offers 62 cryptocurrencies, mostly paired with USD. The list includes some lesser-known tokens with lower market capitalization. However, traders will not directly buy and own the crypto tokens they trade. Spread From 0 pip From 0.1 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
  • AAV
  • ADA
  • ALG
  • ALI
  • ATO
  • AVX
  • AXS
  • BCH
  • BNB
  • BTC
  • BTG
  • COM
  • DGE
  • DOT
  • DSH
  • ENJ
  • EOS
  • ETH
  • FIL
  • ICP
  • ILV
  • ITA
  • KAV
  • LNK
  • LTC
  • LUN
  • MKR
  • MNA
  • MTC
  • NEA
  • NEO
  • OMG
  • QTM
  • SIA
  • SND
  • SOL
  • STX
  • THT
  • TRX
  • UNI
  • VET
  • XLM
  • XMR
  • XRP
  • XTZ
  • YFI
  • YGG
  • ZEC
  • ZIL
Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

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