INGOT Brokers Review
INGOT Brokers was founded in 2006 as an Australian Broker. The company has also diversified its portfolio to Asia, MENA, and International trading areas through their offices in New Zealand and Switzerland.
Broker: INGOT Brokers
Leverage: 1:400
Regulation: FSA
Min. Deposit: $100
HQ: Australia
Platforms: MT4, MT5
Found In: 2006
INGOT Brokers Licences: INGOT Global Ltd - authorized by FSA (Seychelles)registration no. SD117
What are INGOT brokers?
The broker allows traders to trade a variety of instruments, including ETFs, Futures, Commodities, Metals, Energies, Futures, Futures, Commodities, Metals, Energies, Energies, and Forex. INGOT offers a customized solution for trading MENA shares and indices from countries like the UAE, Egypt and Saudi Arabia.
General offer of INGOT. Due to their understanding of the importance of transparent trading conditions and the ability to execute orders efficiently, INGOT brokers offers an NDD environment for orders execution, competitive pricing, and floating leverage starting at 0 pips.
Overview
INGOT is a trusted broker that offers excellent trading technology, DMA access for markets and a wide range of trading instruments. You can choose from a variety of account types, as well as global expansion.
Negative points: There is not 24/7 support, and the conditions in every region are different.
Pros
Wide selection of market instruments
Regulated with ASIC
Impressive account variety
Negative balance protection
High leverage ratios
Tight spreads
Cons
Not available in certain countries due to restricted jurisdictions
Demo account expires in two weeks
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐
Support ⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.0
Are INGOT Brokers real or a fraud?
Ingot isn't a fraud. It is regulated by ASIC, a top-tier authority with low-risk Forex environments.
INGOT brokers is an authorized brokerage company, regulated by ASIC. Read more about why trade with ASIC Brokers.
When choosing a broker to work with, it is important to ensure that they are licensed and authorized. ASIC requires financial service providers licensed by it to comply with strict capital requirements, as well as implement internal procedures such accounting and auditing.
The client's funds are kept separate from the company's operational funds and in high-tier Australia banks like Westpac Banking Corporation (Westpac) and National Australia Bank (NAB).
INGOT also offers a Professional Indemnity Insurance Policy (PIIP) to each client account.
Leverage
The leverage levels allow you to trade a larger trading volume than your account balance. INGOT, an Australian regulated broker, still allows the highest levels of leverage. The leverage offered depends on which instrument you trade and your level of trading expertise.
Retail traders who use Standard accounts can access leverage up to 1:1400 for major currency pairs. ECN accounts allow for leverage up to 1:10.
Types of accounts
INGOT Brokers offers a variety of account types. They can be divided by platform choice (MT4 or MT5), as well as the portfolio of the investor. This means that the Forex, Equities and Commodities account is available. Further, the accounts can be split to either Standard or Premium ECN/ Premium offerings.
You will choose between the size of the instrument you wish to trade and the technology you use. We think this is a very helpful option as it allows you to pick the most convenient option, and not be confused with unneeded.
Fees
Variable spread offered by INGOT, as mentioned above, is very competitive due to its market execution and direct connectivity.
Spreads and commission charges vary depending on account type. They start at 0 pip spread and depend on which instrument you trade. Commissions for ETFs start at 35$ and Futures trading starts at 10$.
Spread
The variable spread offered by INGOT, which is connected to the market and executes it directly, is very competitive. Below are some reference spreads applicable to Standard accounts.
Funding Methods
You have the option to choose from USD, EUR, and AUD among many deposit and withdrawal options. You can deposit or withdraw via Bank transfer, Neteller, Cards, or Skrill. INGOT also allows traders to fund and withdraw their account with Bitcoin or Ethereum.
Minimum deposit
INGOT needs 100$ at the first deposit for a first grade standard account. The minimum deposit varies depending on which account type you are trading through. Other accounts may require 5,000$ or 1000$ at the beginning.
INGOT Minimum Deposit vs Other Brokers
Withdrawal
Usually, INGOT covers deposits but payment providers can add on internal fees and e-payments.
You can withdraw funds from INGOR quickly and without any charges. This is a huge benefit to you in order to manage your money smartly.
Trading Platform
INGOT provides a user-friendly online trading platform that allows you to trade over 950 products and instruments in different markets via a single interface.
The INGOT platform, a market leader MetaTrader4 or as an option you can choose the next version MetaTrader5, which delivers a highly customizable trading environment that enhances trading performance.
Advanced order management tools and charting functionality will make it easier to manage positions efficiently and quickly. Expert advisors (EAs), which can automatically place, modify, and close your orders on Metatrader 4, 5 and 5 platforms, will also help.
These platforms are powerful and not surprising. The software is easy to use, and takes all information available on the MetaTrader platform into account.
MetaTrader is available for the iPhone, iPad, and Android with no cost. This application allows you to manage your account and trade in financial markets. It also lets you use 30 technical indicators for market analysis.
Moreover, INGOT supports PAMM Systems, which are specialized trading accounts used by money managers to manage multiple accounts simultaneously.
Education
Through extensive support and educational resources through multilingual support teams and relatively simple account opening, the company strives to continually improve and offer the best services on the market.
INGOT Brokers also takes active responsibility for supporting any efforts to improve the environment, education, and health, as well as making society a better place via their social programs.
The company won international recognition for its services and was awarded with numerous awards, in addition to great trading opportunities INGOT has enjoyed over a decade.
Conclusion
The INGOT brokers review revealed that there was an Australian brokerage with offices in different financial centers. The trading environment executes with NDD model. But some instruments may need instant execution, but offer competitive spreads or commissions. Brokers offer a wide range of trading instruments, a variety of account types, and advanced options of platforms and supporting materials.