INGOT Brokers
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Pros and Cons
- Regulated by multiple authorities
- Low minimum deposit
- Supports MT4 and MT5
- Competitive spreads
- Offers Islamic accounts
- Inactivity fee applies
- No PAMM accounts
- Limited educational resources
- High leverage can be risky
- Withdrawal processing time can be slow
Introduction
INGOT Brokers is a globally recognized brokerage firm that has been providing trading services since 2006.
With a focus on innovation and customer satisfaction, it has built a reputation for offering a wide range of trading instruments, competitive spreads, and robust trading platforms.
This comprehensive review aims to provide an in-depth look at the broker, covering its features, services, regulation, and overall performance.
Open a free accountCompany Overview
Founded in 2006, the broker has grown to become a trusted name in the trading industry.
The company is headquartered in Sydney, Australia, and operates globally, serving clients in various regions.
Committed to offering a secure and transparent trading environment, it ensures that customers have access to the best possible trading conditions.
The firm’s continuous growth and commitment to quality service have made it a preferred choice for many investors.
Regulation and Security
One of the key factors contributing to the credibility of a company is its regulatory status.
INGOT Brokers is regulated by multiple reputable authorities, including:
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Federal Financial Supervisory Authority (BaFin)
These regulatory bodies ensure that the firm adheres to strict financial standards and provides a secure trading environment.
User funds are kept in segregated accounts, providing an additional layer of security.
Furthermore, the broker offers negative balance protection, ensuring that investors cannot lose more than their initial investment.
This level of regulatory oversight provides traders with confidence and peace of mind, knowing their funds are protected and that they are trading with a reputable entity.
Trading Platforms
INGOT Brokers offers two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Both platforms are known for their user-friendly interfaces, advanced charting tools, and extensive range of indicators.
Here’s a closer look at each platform:
MetaTrader 4 (MT4)
- User-friendly interface suitable for beginners and experienced users
- Advanced charting tools and technical analysis features
- Support for automated trading through Expert Advisors (EAs)
- Available on desktop, web, and mobile devices
MT4 is renowned for its robust functionality and ease of use.
It offers a comprehensive suite of tools that allow traders to conduct detailed technical analysis, manage trades, and execute strategies efficiently.
The platform’s automated trading capabilities enable the use of EAs, which can execute trades based on predefined criteria, providing a hands-free trading experience.
MetaTrader 5 (MT5)
- All features of MT4 plus additional functionalities
- More timeframes and order types
- Improved charting tools and indicators
- Economic calendar and market depth features
- Available on desktop, web, and mobile devices
MT5 is the next-generation trading platform that builds on the success of MT4.
It includes enhanced features such as additional timeframes and order types, offering greater flexibility for users.
The platform also integrates an economic calendar and market depth information, providing comprehensive market insights.
These advanced features make MT5 a preferred choice for traders looking for more sophisticated tools and capabilities.
Trading Instruments
The broker provides a diverse range of trading instruments, allowing investors to diversify their portfolios.
The available instruments include:
- Forex: Major, minor, and exotic currency pairs
- Commodities: Precious metals, energy products, and agricultural commodities
- Indices: Major global indices
- Shares: Stocks from major international markets
- Cryptocurrencies: Popular digital currencies like Bitcoin, Ethereum, and more
This wide range of instruments ensures that clients have numerous options for trading, catering to different trading strategies and preferences.
Whether one is interested in the volatility of cryptocurrencies or the stability of major forex pairs, the broker offers ample opportunities for diversification and risk management.
Account Types
To cater to the diverse needs of its clients, the firm offers several account types.
Each account type is designed to provide specific benefits and trading conditions.
The main account types include:
Standard Account
- Minimum deposit: $100
- Spreads: From 1.0 pips
- Leverage: Up to 1:500
- Access to MT4 and MT5
- Free demo account available
The Standard Account is ideal for beginners and those with limited capital.
It offers competitive spreads and high leverage, allowing anybody to maximize their trading potential.
The free demo account is particularly beneficial for new traders, providing a risk-free environment to practice and develop trading skills.
ECN Account
- Minimum deposit: $1,000
- Spreads: From 0.0 pips
- Leverage: Up to 1:200
- Commission: $7 per lot
- Access to MT4 and MT5
The ECN Account is designed for more experienced traders who require the tightest spreads and are willing to pay a commission per trade.
This account type provides direct access to the interbank market, ensuring that clients receive the best possible prices.
The combination of tight spreads and low commissions makes it an attractive option for high-frequency traders and scalpers.
Islamic Account
- Available for those who require swap-free trading conditions
- Same features as the Standard Account
The Islamic Account caters to traders who follow Sharia law, providing swap-free trading conditions.
This account type ensures that no interest is charged on overnight positions, making it compliant with Islamic finance principles.
The features are similar to the Standard Account, ensuring that Islamic traders have access to the same competitive trading conditions.
Open a demo accountSpreads and Fees
INGOT Brokers offers competitive spreads and low trading fees.
The spreads vary depending on the account type and the trading instrument. Here is an overview of the typical spreads:
Instrument | Standard Account | ECN Account |
---|---|---|
EUR/USD | 1.0 pips | 0.0 pips + $7 commission |
GBP/USD | 1.2 pips | 0.2 pips + $7 commission |
Gold | 0.25 pips | 0.1 pips + $7 commission |
Additionally, the broker does not charge any deposit or withdrawal fees.
However, an inactivity fee of $10 per month is applied after 90 days of inactivity.
This fee structure is transparent and competitive, ensuring that traders can maximize their profitability without incurring unnecessary costs.
Payment Methods
INGOT Brokers supports more than 10 payment methods, making it easy for clients to deposit and withdraw funds.
The available payment methods include:
- Bank Transfer
- Credit/Debit Card
- Skrill
- Neteller
All transactions are processed promptly, with most deposits being credited instantly.
Withdrawals are usually processed within 1-3 business days, though this may vary depending on the payment method.
The broker’s efficient payment processing ensures that clients can manage their funds conveniently and securely.
Customer Support
Customer support is a crucial aspect and this company provides comprehensive customer support through multiple channels:
- Email: support@ingotbrokers.com
- Phone: +61 2 8103 3000
- Live Chat: Available on the website
- Contact Form: Accessible on the website
The support team is knowledgeable and responsive, offering assistance in multiple languages.
The live chat feature is particularly useful for getting quick answers to urgent queries.
Its commitment to customer support ensures that clients can trade with confidence, knowing that help is readily available when needed.
Education and Research
While it provides a solid trading platform and competitive conditions, its educational resources are limited.
The broker offers basic educational materials, including:
- Trading guides
- Video tutorials
- Webinars
However, more advanced educational resources, such as in-depth courses or interactive tools, are not as readily available.
This may be a consideration for beginners who are looking for comprehensive learning materials.
The broker could enhance its educational offerings to provide more value to novice traders and help them develop their trading skills more effectively.
Mobile Trading
In today’s fast-paced world, having access to a reliable mobile trading app is essential.
INGOT offers mobile trading through the MT4 and MT5 apps, which are available for both iOS and Android devices.
The mobile apps provide a full range of features, including:
- Real-time quotes
- Advanced charting tools
- Full set of trade orders
- One-click trading
- Account management
The mobile apps are well-designed and offer a seamless trading experience, allowing clients to trade on the go with ease.
The apps’ functionality ensures that traders can monitor the markets, execute trades, and manage their accounts from anywhere, providing flexibility and convenience.
Trading Tools
INGOT Brokers offers tons of trading tools to enhance the trading experience.
These tools are designed to provide additional insights and improve trading efficiency.
Some notable tools include:
Economic Calendar
The economic calendar provides important dates and events that can impact the financial markets.
It includes information on economic releases, central bank meetings, and other significant events.
Traders can use this information to make informed trading decisions and manage their positions more effectively.
Market Analysis
The broker offers regular market analysis, providing clients with insights into market trends and potential trading opportunities.
The analysis covers various asset classes and is available in written and video formats.
This valuable resource helps traders stay informed about market developments and refine their trading strategies.
Trading Signals
Clients can also benefit from trading signals, which provide buy and sell recommendations based on technical analysis.
These signals can be particularly useful for those who prefer a more hands-off approach to trading.
By following the signals, traders can capitalize on market opportunities without having to conduct their analysis.
Account Opening Process
Opening an account is a straightforward process.
Here are the steps involved:
- Visit their website and click on the “Open Account” button.
- Fill out the registration form with your personal information.
- Verify your email address by clicking on the link sent to your email.
- Complete the KYC (Know Your Customer) process by submitting the required identification documents.
- Once your account is verified, you can make a deposit and start trading.
The entire process is quick and can be completed within a few minutes, provided all the necessary documents are submitted correctly.
Its user-friendly interface and efficient account opening procedure ensure that clients can start trading without unnecessary delays.
Promotions and Bonuses
The company occasionally offers promotions and bonuses to attract new customers and reward existing ones.
These promotions may include:
- Welcome bonuses
- Deposit bonuses
- Trading contests
- Referral programs
It’s important to read the terms and conditions of these promotions carefully, as they often come with specific requirements and conditions.
For example, a deposit bonus might require a minimum deposit amount and a certain volume of trades before the bonus can be withdrawn.
Understanding these terms ensures that clients can fully benefit from the promotions and avoid any misunderstandings.
Social Trading and Copy Trading
INGOT Brokers offers social trading and copy trading features, allowing clients to follow and copy the trades of experienced traders.
This is particularly beneficial for novice traders who can learn from seasoned professionals while potentially earning profits.
The platform for social trading is user-friendly and includes various filters to help clients find suitable traders to follow based on their performance, risk level, and trading style.
Automated Trading
The broker supports automated trading through the use of Expert Advisors (EA) on both MT4 and MT5 platforms.
Automated trading allows investors to implement and execute trading strategies without manual intervention.
EAs can be customized to suit individual trading preferences and can operate 24/7, taking advantage of market opportunities even when the trader is not actively monitoring the market.
Risk Management Tools
Effective risk management is crucial for successful trading.
INGOT provides several risk management tools to help people manage their exposure and protect their investments.
These tools include:
- Stop Loss and Take Profit orders
- Trailing Stops
- Margin Call Alerts
Using these tools, traders can set predefined levels for exiting trades, locking in profits, or minimizing losses.
Trailing stops, in particular, allow for dynamic adjustment of stop loss levels, which can help secure profits as the market moves in the trader’s favor.
Market Research and Analysis
This company offers a range of market research and analysis resources to help clients make informed trading decisions.
These resources include daily market reports, technical analysis, and fundamental analysis.
Their team of experts provides insights into market trends, economic indicators, and geopolitical events that can impact financial markets.
This comprehensive analysis helps traders stay informed and develop effective trading strategies.
Webinars and Seminars
To enhance the trading knowledge of its clients, Ingot regularly conducts webinars and seminars.
These events cover various topics, including trading strategies, market analysis, and risk management.
Webinars are accessible online, allowing anybody from different regions to participate.
Seminars are held in various locations, providing an opportunity for face-to-face interaction with experts and fellow traders.
Partnership Programs
The broker offers several partnership programs designed to reward clients who refer new users or promote the company’s services.
These programs include:
- Introducing Broker (IB) Program
- Affiliate Program
- White-Label Program
The Introducing Broker (IB) Program allows individuals or companies to earn commissions by referring new clients to the broker.
The Affiliate Program offers similar benefits but is typically geared towards online marketers and website owners.
The White-Label Program is designed for businesses that want to offer their own branded trading services using its infrastructure and technology.
These partnership programs provide additional revenue opportunities for clients and partners.
Trading Contests
INGOT Brokers organizes trading contests that allow clients to compete for prizes.
These contests are designed to encourage active trading and provide an opportunity for traders to showcase their trading skills.
Prizes can include cash rewards, trading credits, and other incentives.
Participation in trading contests can be a fun and engaging way for traders to test their strategies and win rewards.
Transparency and Trust
Transparency and trust are fundamental, and this company is committed to providing clear and accurate information about its services, fees, and trading conditions.
The website includes detailed information about account types, spreads, commissions, and other relevant details.
This transparency helps build trust with customers and ensures that they clearly understand what to expect.
Corporate Social Responsibility
INGOT Brokers is also committed to corporate social responsibility (CSR).
The broker engages in various initiatives aimed at giving back to the community and promoting sustainable practices.
These initiatives include charitable donations, sponsorship of educational programs, and support for environmental conservation efforts.
By engaging in CSR activities, the firm demonstrates its commitment to making a positive impact on society and the environment.
Client Feedback and Testimonials
The broker values feedback and uses it to continuously improve its services.
INGOT regularly collects and reviews testimonials to understand their experiences and address any concerns.
Positive feedback highlights its strengths, such as competitive spreads, reliable platforms, and excellent customer support.
Constructive feedback helps identify areas for improvement, ensuring that the company can continue to meet the evolving needs of its clients.
Industry Awards and Recognition
The company has received numerous industry awards and recognition for its outstanding services.
These accolades reflect the firm’s commitment to excellence and its ability to consistently deliver high-quality trading solutions.
Awards and recognition from reputable industry bodies enhance the broker’s credibility and reputation, making it a trusted choice for clients worldwide.
Community Engagement
The broker actively engages with its trading community through various channels, including social media, webinars, and online forums.
By fostering a sense of community, it creates an environment where investors can share insights, ask questions, and learn from each other.
This engagement helps build strong relationships with clients and encourages a collaborative approach to trading.
Future Developments
Looking ahead, INGOT Brokers continues to innovate and expand its offerings to meet the changing needs of traders.
The broker is committed to staying at the forefront of technological advancements, ensuring that clients have access to the latest tools and features.
Future developments may include new trading platforms, additional trading instruments, and enhanced educational resources.
By continually evolving, the company aims to provide a superior trading experience for its clients.
Conclusion
In conclusion, INGOT Brokers is a reputable and reliable brokerage firm that offers a comprehensive range of trading services.
With a strong regulatory framework, competitive trading conditions, and a commitment to customer satisfaction, the broker provides a secure and transparent trading environment.
The availability of multiple account types, advanced trading platforms, and a wide range of trading instruments makes it an attractive choice for both novice and experienced traders.
The broker’s dedication to transparency, corporate social responsibility, and continuous improvement further enhances its appeal.
Whether you are looking for a trusted company to start your trading journey or seeking a reliable partner to support your trading activities, INGOT Brokers is well-positioned to meet your needs.
With its comprehensive offering and commitment to excellence, they are poised to continue serving the diverse needs of traders worldwide.
The broker’s focus on innovation, security, and customer satisfaction ensures that investors can trade with confidence and achieve their financial goals.
Visit official website: www.ingotbrokers.comUser Reviews
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Frequently Asked Questions (FAQ)
Is INGOT Brokers a regulated broker?
Yes, the company is regulated by multiple authorities including ASIC, CySEC, and BaFin.
What is the minimum deposit required to start trading?
The minimum deposit required to start trading is $100.
What trading platforms does it support?
INGOT Brokers supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Are there any fees for deposits and withdrawals?
This broker does not charge any fees for deposits or withdrawals.
Does INGOT Brokers offer a demo account?
Yes, it offers a demo account for practice trading.
Is there an inactivity fee?
Yes, there is an inactivity fee of $10 per month after 90 days of inactivity.
What payment methods are accepted?
INGOT Brokers accepts various payment methods including Bank Transfer, Credit/Debit Card, Skrill, and Neteller.
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This article has been written, edited and reviewed by the following members of our team:
Last update:September 7, 2025