Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| Trade Nation | INGOT Brokers | |
|---|---|---|
| Overall score | 3.33 / 5 | 3.3 / 5 |
| Regulation | EU-regulated (MiFID passporting) + FCA No. 525164 + FSA Seychelles-licensed (licence number unconfirmed) Regulated directly in the EU via Portugal's CMVM (not CySEC/Cyprus), alongside the FCA (UK), ASIC (Australia), and the FSCA (South Africa). Also holds a Bahamas SCB registration, not Tier-1 and excluded here. FSA Seychelles-licensed, per the official FSA Capital Markets register; licence number not independently confirmed. |
CySEC No. 462/25 + FSA Seychelles No. SD117 ASIC and CMA licences are held by other entities within the wider INGOT group, not confirmed to be held directly by the CySEC entity, which as of late 2025 had obtained its CySEC licence but reportedly had not yet begun operations under it. |
| Entity | Trade Nation Financial Markets Limited | Ingot Brokers Europe Ltd |
| Founded | 2014 | 2006 |
| Headquarters | London, UK | Limassol, Cyprus |
| Minimum deposit | Not independently confirmed | $100 |
| Avg. spread (EUR/USD) | Not independently confirmed | Not independently confirmed |
| Platforms | MT4, TradingView, Proprietary (TN Trader) | MT4, MT5 |
| Other Tier-1 regulators | ASIC, FSCA | ASIC, CMA |
| Instruments | 1,000+ instruments (a marketing claim; count not independently verified) across forex (30-35+ pairs), indices (20-40+), a small commodities range (mainly metals/energy), and shares (hundreds, across UK/Europe/Asia/US); crypto CFDs are offered only via its Bahamas/Seychelles entities, not on the UK consumer site. | 1,000+ instruments across forex, stocks (~1,000), indices (~20), commodities (~15), ETFs (~24), and crypto (15-25), per third-party reviews; could not confirm these figures on Ingot's own site. |
| Visit | Visit Trade Nation | Visit INGOT Brokers |
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