INGOT Brokers Review

Category: Reviews | Author: Trading Brokers | Date: September 8, 2023

If you’re looking for a broker that can give you access to a wide range of markets and instruments, you might have heard of INGOT Brokers. They are a group of brokers that operate in different parts of the world and offer trading services on Forex and CFDs, including cryptocurrencies, commodities, metals, energies, ETFs, and futures. They also have licenses from various regulators, such as the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles and South Africa, and the Jordan Securities Commission (JSC). They say they offer fast and fair execution, low spreads, and flexible leverage. But are they really as good as they sound? In this article, we will take a closer look at INGOT Brokers and see how they stack up against other brokers in terms of regulation, platforms, tools, education, markets, accounts, and funding. By the end of this article, you will have a better idea of whether INGOT Brokers is the right broker for you.

Pros & Cons

  • They offer access to MetaTrader 4 and MetaTrader 5 platforms as well as their own web-based platform
  • They offer fast and digital account opening and verification
  • They offer educational resources, copy trading, and MAM Pro system for fund managers
  • They are regulated by various authorities, such as the ASIC, the FSA, and the JSC
  • They offer low spreads, low commissions, and floating leverage on their markets
  • They have different conditions and offerings depending on the entity and the region
  • They have an offshore entity in Seychelles that may not offer as much protection as the Australian entity
  • They do not offer mutual funds, bonds, or options trading They do not offer 24/7 customer support
  • They do not offer deposit or withdrawal options with electronic wallets

Summary

Ingot Brokers

Ingot Brokers

INGOT Brokers is an online trading broker that has been operating since 2006. They started in Australia and have grown to serve clients in various regions, such as Asia, MENA, Africa, and Europe. They have a global presence and a good reputation in the industry.

INGOT Brokers offers a wide range of trading services on Forex and CFDs. You can trade cryptocurrencies, commodities, metals, energies, ETFs, and futures with them. They have more than 10,000 users who enjoy their fast and fair execution, low spreads, and flexible leverage.

INGOT Brokers is regulated by multiple authorities, such as the ASIC in Australia, the FSA in Seychelles and South Africa, and the JSC in Jordan. They also have offices in New Zealand, Switzerland, and Bahrain. They follow high standards of security and transparency in their operations. INGOT Brokers uses the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own web-based platform. You can access their platforms on any device and enjoy their advanced tools and features. They also offer educational resources, copy trading, and a MAM Pro system for fund managers.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Compliance with regulatory standards is paramount in the financial industry, and INGOT Brokers takes this obligation seriously, ensuring a secure environment for its diverse clientele. INGOT Brokers (Australia) Pty Ltd holds a reputable license issued by the Australian Securities and Investments Commission (ASIC), denoted by license number 4280151.

This entity effectively serves the Australian and New Zealand markets, adhering to stringent regulatory oversight. Expanding its global reach, INGOT Global Ltd is registered in Seychelles and possesses the coveted Securities Dealer License, identified as SD117, awarded by the Financial Services Authority of Seychelles (FSA). With this licensing, INGOT Global Ltd caters to traders across Asia, MENA, Africa, and Europe. In Jordan, INGOT Financial Brokerage Ltd operates under the authorization of the Jordan Securities Commission (JSC), holding letter number 3/1/00829/212, ensuring regulatory compliance for clients in Jordan and maintaining a representative presence in Dubai.

Further extending its reach, INGOT Africa Ltd, registered in Kenya, secures the Non-Dealing Online Foreign Exchange Broker License from the Capital Markets Authority (CMA) of Kenya, complete with license number 1732, dedicated to serving clients in Kenya. This multi-jurisdictional approach underscores INGOT Brokers’ commitment to regulatory transparency and client protection.

Platforms & Tools

INGOT Brokers offers a versatile array of platforms and tools designed to cater to the diverse needs of traders. The broker provides access to the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, in addition to their proprietary web-based platform. Whether you prefer to trade on your desktop, laptop, or mobile device, INGOT Brokers ensures seamless accessibility.

MT4 & MT5 Platforms

MT4 & MT5 Platforms

The MetaTrader platforms boast an impressive array of features, including 30-38 technical indicators, 4-6 pending orders, 9-21 timeframes, 99-unlimited charts, and a comprehensive economic calendar. This empowers traders with the resources needed for in-depth market analysis and informed decision-making. Furthermore, the MetaTrader platforms support automated trading through Expert Advisors, allowing traders to implement algorithmic strategies with precision.

For those who prefer a web-based trading experience, INGOT Brokers’ platform offers a user-friendly interface, lightning-fast execution, and real-time quotes, ensuring that traders can react swiftly to market movements. Beyond the platforms themselves, INGOT Brokers provides additional tools to enhance the trading experience. Their copy trading feature enables traders to replicate the strategies of successful traders, potentially earning commissions in the process. Moreover, the MAM Pro system caters to fund managers, offering them a multi-allocation manager system that simplifies the management of multiple accounts with varying strategies. INGOT Brokers’ commitment to providing cutting-edge platforms and tools empowers traders to execute their strategies with precision and efficiency.

Education

INGOT Brokers is dedicated to empowering its clients with knowledge and expertise to thrive in the financial markets. As part of this commitment, they offer a wealth of educational resources, available to both their clients and potential traders at no cost. These resources encompass a comprehensive range of learning materials, including instructive videos, informative articles, engaging seminars, and insightful webinars.

Covering an array of topics relevant to trading and investing, the educational content addresses subjects like technical analysis, chart patterns, commodities, and the psychology of trading.

One noteworthy feature is the flexibility of their educational offerings, catering to traders of all levels of experience, from novices taking their first steps into trading to seasoned experts seeking to refine their strategies. INGOT Brokers also goes the extra mile by offering personalized one-to-one training sessions upon request. This tailored approach allows traders to receive customized guidance and support tailored to their unique needs and objectives.

Accessing this invaluable educational content is convenient, with options to explore it directly on the INGOT Brokers website or via their YouTube channel. By providing these educational resources, INGOT Brokers strives to equip its clients with the skills, knowledge, and confidence necessary to navigate the complexities of financial markets successfully.

Markets

INGOT Brokers is a multi-asset trading broker that offers a wide range of markets and instruments for its clients. You can trade Forex and CFDs on various asset classes, such as cryptocurrencies, commodities, metals, energies, ETFs, and futures. You can also trade indices, which are collections of stocks that reflect the performance of a specific nation or sector. These markets offer different opportunities and risks for traders and investors, depending on their preferences and goals.

Accounts

At INGOT Brokers, a diverse range of trading accounts is offered to cater to the distinct preferences and objectives of their clients. The process of opening an account is quick and convenient, achieved through straightforward registration, verification, and funding on their user-friendly website or portal. Clients can select from the following account options:

  • Professional Account: This entry-level account is accessible with a minimum deposit of $100 and provides floating leverage of up to 1:500. Traders can engage in Forex, metals, energies, indices, and ETF markets using this account. The account features competitive spreads starting from 1.2 pips and does not impose any commissions.
  • ECN Account: Tailored for more advanced traders, the ECN Account mandates a minimum deposit of $10,000. It extends access to an extensive array of markets, encompassing Forex, metals, energies, indices, ETFs, stocks, commodities, and cryptocurrencies. With floating leverage of up to 1:200 and attractive spreads commencing at 0.6 pips, this account type is accompanied by nominal commissions.
  • Prime Account: Designed for seasoned professionals seeking precise control, the Prime Account necessitates a minimum deposit of $50,000. It unlocks a comprehensive selection of markets, including Forex, metals, energies, indices, ETFs, stocks, commodities, and cryptocurrencies. Offering floating leverage of up to 1:50 and ultra-tight spreads commencing from 0 pips, this account maintains low commissions.
  • Islamic Account: INGOT Brokers extends Sharia-compliant Islamic Accounts for both Professional and ECN account types. These accounts refrain from interest or swap fees on overnight positions, aligning with Islamic financial principles. The minimum deposit requirement for the Standard Islamic Account is $100, while the Premium Islamic Account necessitates a minimum deposit of $10,000.

All INGOT Brokers accounts are distinguished by prompt and secure execution, negative balance protection, and 24/5 customer support.

Funding

At INGOT Brokers, financial transactions are a seamless experience, with a multitude of options available for depositing and withdrawing funds from your trading account. Choose from bank wire transfers, credit/debit cards, e-wallets, or the convenience of cryptocurrencies. The minimum deposit requirement stands at $100 for Professional accounts and $10,000 for ECN accounts, while withdrawals can be initiated for as little as $50 across all account types.

One of the standout features of INGOT Brokers is their commitment to a fee-free environment, with no charges imposed on deposits or withdrawals. It’s important to note that while INGOT Brokers does not levy any fees, your bank or payment service provider may have their fee structure. As for processing times, they are remarkably efficient, with deposits and withdrawals typically being completed within 1-3 business days. INGOT Brokers ensures that your trading experience is both smooth and flexible, allowing you to manage your funds effortlessly and focus on your trading strategies.

Conclusion

INGOT is a versatile multi-asset trading broker, catering to a broad spectrum of markets and instruments. Their commitment to regulation by authorities like ASIC, FSA, and JSC assures a secure trading environment. With the popular MetaTrader platforms and an in-house web-based option, INGOT Brokers offers flexibility to traders. Their array of educational resources, copy trading, and the MAM Pro system enhance the trading experience. Providing diverse account types and seamless fund transactions, they aim to accommodate various trading preferences.  It’s worth noting that while Ingot Brokers offers strong features, there are other Brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews.

$100

INGOT Brokers is a multi-asset trading broker that offers a wide range of markets and instruments for its clients. They are regulated by various authorities, such as the ASIC, the FSA, and the JSC. They use the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own web-based platform.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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