Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Blackwell Global
0.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT BLACKWELL GLOBAL
Ingot Brokers
7.8 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT INGOT BROKERS
Axitrader
9.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AXITRADER
About

Blackwell Global is regulated by the Financial Conduct Authority. Blackwell Global have provided Forex, Spread betting, CFD trading services since 2010.

Ingot Brokers is regulated by ASIC. Ingot Brokers have provided Forex, Spread betting, CFD trading services since 2004.

Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007.

Why choose them?
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 14 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters London, UK Sydney, Australia 36 Leadenhall Street, London EC3A 1 AT, United Kingdom

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No Yes
Social Trading No No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 49 34 80
Commodities Offered 0 0 6
Stocks Offered 0 200 0
Bitcoin No Yes Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks No Yes No
Penny stocks No Yes No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei Yes No No
ETFs No No No
IPO No No No
See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

Losses can exceed deposits

See all instruments

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac Yes No Yes
WebTrader No No Yes
Mirror Trader No No No
ZuluTrade No No Yes
Sirix No No No
cTrader No No No
PAMM Yes Yes No
Custom Platforms INFINITUM No No

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

English, Spanish, German, and Portuguese

English, Arabic, and Chinese

English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

Losses can exceed deposits

See platform & features

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Blackwell Global and Ingot Brokers

Demo account Yes Yes Yes
Mini account Yes No Yes
Micro account Yes No Yes
Standard account Yes Yes Yes
ECN Account No No Yes
Islamic account Yes No Yes
Zero spread account No No Yes
VIP account Yes Yes Yes
Fixed spreads Yes Yes Yes
Variable spreads Yes No Yes
See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

See account options

Losses can exceed deposits

See account options

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TRADING CONDITIONS

Scalping Yes No Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes No Yes
Direct market access Yes Yes Yes
STP broker Yes No Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade 100 Lot None 100 Lots
Min deposit $500 1,000 $1

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller Yes Yes Yes
Skrill No Yes Yes
Payment processing time 1 business day 1 business day Instant via debit/credit card
Withdrawal processing time 1 business day 1 business day Same or next day with local payments. International payments take 3-5 days.
See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

Losses can exceed deposits

See all funding options

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DETAILED INFO

Excluded countries US US US, JP
Contact email Send Email Send Email Send Email
Phone number 44 207 397 3778 61280385040 44 207 096 7488
Live Chat Yes Yes No
Website http://www.blackwellglobal.com/ https://www.ingotbrokers.com.au/ www.axitrader.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered Not offered 0.2 pips
GBP/USD (Average: 1.1 pips) Not offered Not offered 0.6 pips
USD/JPY (Average: 1.1 pips) Not offered Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered Not offered 0.1 pips
USD/CHF (Average: 2.3 pips) Not offered Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered Not offered 0.2 pips
NZD/USD (Average: 3.6 pips) Not offered Not offered 0.2 pips
EUR/GBP (Average: 2.4 pips) Not offered Not offered 0.2 pips
View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

Losses can exceed deposits

View all spreads

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FEES

Inactivity Fee No No No
Commission No No Yes
Deposit Fee No Yes None
Withdrawal Fee Yes No None
View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

Losses can exceed deposits

View All Fees

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Last update

All information collected from http://www.blackwellglobal.com/. Last updated on 01/09/2019.

All information collected from https://www.ingotbrokers.com.au/. Last updated on 01/09/2019.

All information collected from www.axitrader.com. Last updated on 01/09/2019.

Company

Blackwell Global is an online forex trading service provider who are regulated by the Australian Securities and Investments Commission, Financial Market Authority, CySEC. To open an account with Blackwell Global, minimum deposits start from $2,000.

With Blackwell Global you can trade Forex, precious metals, and CFDs. If you like to trade on the go, Blackwell Global have iPhone and Android apps so you can trade from anywhere on your phone.

Blackwell Global offer Blackwell Trader MT4, Mobile Trading, Web Trader, MT4 MultiTerminal, Blackwell Trader Pro platforms to make your trades and support 10 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by Blackwell Global for the most popular instruments are:
2.2 EUR/USD, 3.0 FTSE 100, 0.38 GOLD,
2.8 GBP/USD, 10.0 DOW/JONES, 0.05 Crude Oil,
see all the spreads here.

Ingot Brokers is an online forex trading service provider who are regulated by the ASIC. To open an account with Ingot Brokers, minimum deposits start from $300.

With Ingot Brokers you can trade CFDs, energies, precious metals, and commodities. If you like to trade on the go, Ingot Brokers have iPhone appAndroid app so you can trade from anywhere on your phone.

Ingot Brokers offer MetaTrader 4, INGOT MT4 Tools Kit, Mobile Trading, Zulu Trade platforms to make your trades and support 2 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by Ingot Brokers for the most popular instruments are:
2 EUR/USD, n/a FTSE 100, 0.5 GOLD,
3 GBP/USD, n/a DOW/JONES, 5 Crude Oil,
see all the spreads here.

Axitrader is an online forex trading sevice provider who are regulated by the Financial Conduct Authority and ASIC. To open an account with Axitrader, minimum deposits start from $200.

With Axitrader you can trade 61 FX pairs, metals, and CFDs. If you like to trade on the go, Axitrader have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Axitrader offer MT4 for PC, MT4 for Mac, MT4 for Mobile, MT4 NexGen, MT4 Trading Signals, AxiTrader's Multi Account Manager platforms to make your trades and support 6 different languages.

They also offer a free demo account for traders who want to refine their trading skills.

The spreads offered by Axitrader for the most popular instruments are:
0.6 EUR/USD, 0.5 FTSE 100, 0.5 GOLD,
1 GBP/USD, 1 DOW/JONES, 0.5 Crude Oil,
see all the spreads here.



For more information about trading with Axitrader, we have put together an indepth Axitrader review with all the pros and cons about this broker.

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Blackwell Global or Ingot Brokers?

Accepts Scalping or a wide range of instruments?

If you’re a trader looking for a broker that allows scalping as a trading strategy, Blackwell Global may be the better option. However, if you want a broker with a large range of instruments available to trade, Ingot Brokers may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Blackwell Global to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Blackwell Global is regulated by Financial Conduct Authority, while Ingot Brokers is regulated by ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Blackwell Global will have very strict guidelines to follow to ensure they protect their retail trader clients.

Axitrader are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Blackwell Global has been around for 9 years, while Ingot Brokers have been around for 15 years. Our third alternative broker, Axitrader, have been around for 12 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Blackwell Global and Ingot Brokers use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Blackwell Global or Ingot Brokers in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Blackwell Global and Ingot Brokers are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Blackwell Global are based in London, UK, while Ingot Brokers are based in Sydney, Australia .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Blackwell Global and Ingot Brokers offer forex trading. Blackwell Global have a slightly larger variety of currency pairs with 49 pairs, compared to 34 offered by Ingot Brokers. Also, if you’re looking to trade cryptocurrencies, Ingot Brokers offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Blackwell Global and Ingot Brokers allow you to trade commodities like gold, silver and crude oil.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Blackwell Global and Ingot Brokers offer this. Our alternative broker, Axitrader, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Blackwell Global, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Blackwell Global does allow scalping and hedging. While Ingot Brokers does not allow scalping but does allow hedging. You can trade with EAs (expert advisors) on both Blackwell Global and Ingot Brokers.

In terms of risk management tools, neither Blackwell Global or Ingot Brokers offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Blackwell Global also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Blackwell Global accept Neteller while Ingot Brokers accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Blackwell Global charges 0.20 points, while Ingot Brokers charges 0.60 points. Therefore, Blackwell Global is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Blackwell Global or Ingot Brokers?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Blackwell Global is more reliable based on our criteria above. Ingot Brokers has a wider range of instruments to trade. Blackwell Global offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.