INGOT Brokers Review

Company Brief:

INGOT Brokers was established in 2006 in Australia, while further diversifying its portfolio of the services in Asia, MENA and International trading through their offices in New Zealand, Switzerland and Bahrain.

By exploring the potential of the financial markets the broker enables to trade the range of instruments including ETFs, CFDs, Futures, Commodities, Metals, Energies, and Forex along with cryptocurrency trading. INGOT exclusively offers trading methods on MENA shares and indices in countries such as the UAE, Egypt, Saudi Arabia, Qatar and Kuwait with the ability to go long or short.

Due to the understanding and importance of transparent trading conditions, the company provides an NDD environment of orders execution along with competitive pricing from 0 pips and floating leverage up to 1:100.

The company is keen to continuously develop and provide the most competitive services in the market through vast of support and educational sources with multilingual support and easy account opening process. In addition, the INGOT Brokers tool responsibility to support any attempts made to protect the environment, better education, improve the health and make society a better place through various social programs. Through more than a decade of operation, the company gained international recognition and awards for their services.

Best ECN Broker ASIA

Best Forex Trading Platform

Most Powerful Forex Technical Research and Development Team

Most Efficient Execution Broker

Most Secure Broker

Licenses, Regulations & Security of funds:

INGOT Brokers is an authorized brokerage firm, regulated by the Australian Securities and Investment Commission (ASIC). ASIC requires licensed financial services providers to meet strict capital requirements and implement strict internal procedures including risk management, staff training, accounting and audits.

Clients’ funds are segregated completely from the operational funds of the company and kept in top-tier Australia banks such as National Australia Bank (NAB) and Westpac Banking Corporation (Westpac). In addition, INGOT provides a (PIIP) Professional Indemnity Insurance Policy is maintained with a top insurance company for each client account.

Trading Platforms & Tools:

INGOT offers a customer friendly online trading platform that enables clients over 950 instruments and products to trade in various markets through a single interface.

The INGOT platform is a market leader MetaTrader4 or next version MetaTrader5 that delivers a highly customizable trading environment that improves trading performance. Enhanced charting functionality and sophisticated order management tools will assist in the management of positions quickly and efficiently.

Expert Advisor (EAs) is an automated trading software that automatically places, modifies and closes your orders on the Metatrader 4 & 5 platforms, it is very easy to use and it takes any available information on the MetaTrader platform into consideration.

MetaTrader is also available on the iPhone, iPad and android with no charge. While, through this application, the trader can control the account, trade in the financial markets and use 30 technical indicators for market analysis.

Moreover, the INGOT supports PAMM systems, which is a special set of trading account used by money managers to manage their accounts. Management program provides research and general advice that is designed mainly for cooperatives, merchants, consumers, exporters and producers.

Account Types:

The account types at INGOT Brokers divided to the choice of a platform, either MT4 or MT5 one, as well as by the investor’s portfolio. The range offers the Individual account, Joint Account and a Corporate Account. Orders are placed with instant execution and filled at the price quoted on the platform.

An individual account is the first choice for individuals trading currencies, CFDs and precious metals who want great prices and excellent support. The new traders that are looking to access high levels of liquidity and quick execution through an account which is easy to trade and manage, an individual account is the best option. Furthermore, there is a choice between the Express, MENA, PRO and VIP account while all of them delivering different trading conditions suited to one’s own needs. The Express account requires 0$ deposit and is a quick feature to engage in trading. The MENA account requires 10,000$ to start while the trading conditions are designed specifically to the particular requirement. VIP account and PRO featuring tailored conditions that feature either floating or fixed spread according to the instrument. VIP account opening requires 100,000$ of balance maintenance.

The spreads and commission charge diverse by the account type and starting from 0 pips spread and e.g. commission for ETFs from 35$ or Futures trading at 10$.

With top-tier trading education and powerful tools, the trader can be guided by keeping up-to-date with the market and breaking news through the consulting program, along with the highest standard of tailored advice and risk management programs.

Funding Methods:

A wide variety of deposit and withdrawal methods provided with the choice of currency also, which includes USD, EUR and AUD. Typically INGOT covers fees for deposits, yet the payment providers may add-on internal fees. The deposit or withdrawal may be performed via Bank Transfer, Neteller, Cards or Skrill. In addition, INGOT enables traders to fund or withdraw the account with Bitcoin or Ethereum.

The withdrawals are processed quickly with some additional fee according to the payment option. Thus, the Bank Transfer charges are covered by INGOT, Neteller applies 0-25 Euros charge and Skrill perform wire transfers with 4 Euro fee and Visa Transfer with 1.8 Euro.

Conclusion:

Overall the INGOT Brokers review is about the Australian company that maintained offices in various financial centers to cover the client’s support need and necessity. The trading environment performs the execution with NDD model, yet some instruments may require instant execution along with competitive spreads and commission offerings. The broker delivers the range of instruments to trade, the variety of the account type to choose from, as well as advanced options of the platforms and supportive materials. The broker is a reliable choice due to its full compliance with the regulations of one of industry leading authority ASIC.