INGOT Brokers Review 2020
INGOT Brokers is an online trading broker offering over 1000 trading instruments across 8 different asset classes, including forex, metals, ETFs, equities, agriculture, indices, energies, and cryptocurrencies, for trading online via its award-winning trading platforms.
INGOT Brokers Review 2020, Pros & Cons
- Over 1,000 financial instruments
- Advanced trading platforms
- Multiple account options
- A range of trading tools & educational resources
- Limited payment options
- No US clients
- No daily market analysis
- No social trading platform integration
In this detailed INGOT Brokers review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
INGOT Brokers is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including INGOT Brokers.
INGOT Brokers Review: Summary
With over 10 years of market experience, INGOT Brokers offers endless trading opportunities, all in one place. They provide clients with the highly advanced MT4 and MT5 trading platforms for online trading of over 1,000 assets. Clients get access to a good selection of educational materials, trading tools, and a professional customer support team. They also offer negative balance protection to clients.
INGOT Brokers Review: Regulation
INGOT Brokers is authorized and regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA Number: 24172 IBC 2017). INGOT Brokers (Australia) Pty (ACN 159895434) holds an Australian financial services license (AFSL Number: 428015).
INGOT Brokers Review: Countries
The broker’s services are not intended for use by any person in any jurisdiction where such use would be contrary to local laws or regulations. They do not accept US clients.
Some INGOT Brokers features and products mentioned within this INGOT Brokers review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
INGOT Brokers Review: Trading Platforms
MT4/MT5 Trading Platforms
The broker provides traders with the highly advanced MetaTrader 4 and MetaTrader 5 trading platforms. Both are considered one of the best trading platforms of choice by most forex traders, thanks to the wide array of built-in charting and analytical tools and the support for automated trading with Expert Advisors (EAs).
The platforms are available as desktop applications for Windows and Mac computers, WebTraders, and mobile apps for Android and iOS devices. The web version can run in most popular web browsers without needing to download or install any additional software whereas the mobile trading app is useful for those who need to manage their trades whilst on the go from anywhere in the world with an internet connection.
INGOT Brokers Review: Trading Tools
In addition to the built-in tools of the MT4/MT5 trading platforms, traders also get access to some standalone trading tools, such as Economic Calendar, Trader’s Calculator, Currency Converter, and more.
INGOT Brokers Review: Education
The broker’s website contains a good selection of educational resources, including Blogs, Market trends, Announcements, Insights, and a FAQ section.
INGOT Brokers Review: Trading Instruments
INGOT Brokers allows clients to trade over 1,000 instruments across eight different asset classes, which includes forex, metals, ETFs, equities, agriculture, indices, energies, and cryptocurrencies.
INGOT Brokers Review: Trading Accounts & Fees
INGOT Brokers offers a good choice of multiple trading accounts types. They include the ECNAccount ($100), Professional Account ($100), and Prime Account ($25,000). Each of the account types can either be opened as an individual, joint, corporate, or agent account. Demo accounts are also provided for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this INGOT Brokers review. It is imperative to ensure that you check and understand all of the latest information before you open an INGOT Brokers account for online trading.
INGOT Brokers Review: Customer Service
The broker offers a 24/6 client support via telephone, email, Live Chat, and social media.
INGOT Brokers Review: Deposit & Withdrawal
The broker accepts the following payment methods: bank transfer, cryptocurrency, and Neteller.
INGOT Brokers Review: Account Opening
The account opening process is easy and direct. Click on the ‘Open Live Account’ icon and fill out all the required fields. Then, click on ‘Open Account’ to proceed. Once you receive approval via email, you can fund your account to start trading online.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
INGOT Brokers Review: Conclusion
Founded in 2006, INGOT Brokers is a regulated broker that offers over 1,000 tradable assets for online trading via the MT4/MT5 platforms. They provide clients with some trading tools, educational resources, and multilingual support. However, the broker does not have any social trading platform integration or daily market analysis. They could also improve on the variety of funding options offered.
The analysis, opinion, commentary, or research-based material on the broker’s website is for informative purpose only and not in any circumstance intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate the related markets and your ability to assume the associated risks if you are at all unsure.