INGOT Brokers Review

1. INGOT Brokers Pros and Cons
2. Is INGOT Brokers safe or a scam?
3. Leverage
4. Fees
5. Spread
6. Deposits and Withdrawals
7. Trading Platform
8. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offering, fees, platforms, verified regulations, contacted customer service and placed traders to see trading conditions and give expert opinion about INGOT

What is INGOT Brokers?

INGOT Brokers was established in 2006 and is an Australian Forex Broker offering trading services on Forex and CFDs, while further, the company diversified its portfolio to Asia, MENA and International trading regions through their offices in New Zealand, Switzerland and Bahrain.

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

The general offering of INGOT, due to their understanding and importance of transparent trading conditions, INGOT Brokers provides an NDD environment of orders execution along with competitive pricing starting from 0 pips and floating leverage.

Is Ingot Brokers Global?

Ingot Brokers is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Ingot Brokers covers include the UK, Germany, Australia, South Africa, Thailand, and China. Ingot Brokers has a total of more than 10,000 users.

Ingot Brokers Pros and Cons

Ingot is a reliable and highly regulated broker with good trading technology, DMA access to markets, and an excellent range of trading instruments. There are various account types and global expansion, including low spreads and education.

For the negative points, there is no 24/7 support, the market range is limited to FX and CFDs. Also, international trading is done through an offshore entity and conditions vary based on the account type and entity.

Overal INGOT Ranking

Overall, our impression of the broker was positive, it is a reliable broker with good service and long years of operation. The broker is suitable for clients from different countries, the fees offered are among the lowest as well as the spreads for FX pairs.

• INGOT Overall Ranking is 7.9 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

INGOT Alternative Brokers

However, we found the broker has not a very wide range of markets offering only FX and CFD trading instruments and doesn’t have a top-tier license, so here we gather some alternative Brokers for your consideration:

• BalckBull Markets – Excellent for High Leverage trading
• XM –  Broker with Excellent Regulation
• Interactive Brokers – Good for Trading Real Stock

Is INGOT Brokers safe or scam?

No, Ingot is not a scam it has a good reputation with a decade-long operation and is considered a low-risk Forex environment. INGOT Brokers is an authorized brokerage firm, regulated by the Australian Securities and Investment Commission (ASIC).

• Additionally, INGOT Global Ltd is authorized and licensed by Financial Services Authority of Seychelles (FSA), Securities Dealer License number “SD117”.

Overall, regulation and serious authorization is the first thing to check while choosing a broker, e.g. The broker meets strict capital requirements and implement internal procedures including risk management, staff training, accounting, and audits.

See our conclusion on INGOT Reliability:

• Our Ranked INGOT Trust Score is 8.3 out 0f 10 for the good reputation and quality service provided over the several years proving its integrity and credibility. Also, the broker holds top-tier regulation providing low-risk trading experience. The only point is that international trading is conducted through its offshore entity

Leverage

As for the leverage levels, which allow you to operate a much bigger trading size compared to your account balance. However, offered leverage depending on the instrument you trade, as well as maintained account balance and level of expertise in trading.

INGOT Leverage is based on the enityt you trade being different for Australia and Seychelles-where broker still allows the highest leverage levels.

• Australia traders entitles for 1:30 for Forex
• Retail International traders operating through Standard accounts may access up to 1:500 on the most liquid currency pairs. 

Account types

Based on our review, the account types at INGOT Brokers are divided between the choice of a platform, either MT4 or MT5, as well as by the desired investor’s portfolio. It means that the range offers the Forex, Equities, and Commodities account, while further, the accounts are split to either Standard of ECN/ Premium, and Professinal offering.

So you will be choosing between the offered instrument, the size you desire to trade, and which technology to use, as we think that opportunity is indeed very useful as allows you to choose the most convenient option and not to be confused with unnecessary

Instruments

The markets or instrument offering includes CFDs on FX currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar), ETFs, commodities, stocks as well a range of major indices across the multiple broker’s platforms.

• INGOT Markets Range Score is 8 out 0f 10 for wide trading instrument selection, yet the only gap it offers mainly CFDs and Forex Instruments

INGOT Fees

Variable spread which is offered by INGOT is among very competitive ones, due to its direct connectivity and market execution. The spreads and commission charge diverse by the account type and starting from 0 pips spread, which are also depending on the instrument you trade, e.g. commission for ETFs starting from 35$ or Futures trading at 10$.

• INGOT Fees are ranked low with overall rating 8.2 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on account type, see our finds of fees and pricing in the table below

Spread

Based on our research, INGOT offers variable spreads which is among very competitive ones, due to its direct connectivity and market execution. See below some reference spreads for Standard account.

• INGOT Spreads are ranked low with overall rating 8.3 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too

Funding Methods

A wide variety of deposit and withdrawal methods provide you with the choice of currency also, USD, EUR and AUD. 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.

• INGOT Funding Methods we ranked Excellent with overall rating 8 out of 10. Minimum deposit is among average in industry, yet Fees are either none or very small also allowing to benefit from various account based currencies

Here are some good and negative points for INGOT funding methods found:

Minimum deposit

INGOT requires 100$ at the first deposit for the first grade standard account, The minimum deposit is depending on the account type you will be trading through, while other account may ask for 5,000$ or 1,000$ at the very beginning.

INGOT minimum deposit vs other brokers

	INGOT	Most Other Brokers
Minimum Deposit	$100	$500

Withdrawal

Typically INGOT covers fees for some of the deposits, yet the payment providers may add-on internal fees, as well as e-payment incur some additional charges.

The INGOR withdrawals are processed quickly and free of charge, which makes it a great benefit for you to manage funds smartly.

Trading Platform

INGOT platform is a market leader MetaTrader4 or also as an option you may choose next version MetaTrader5 that delivers a highly customizable trading environment that improves trading performance.

• INGOT Platform are ranked Excellent with overall rating 8.4 out of 10 compared to over 500 other brokers. We mark it as excellent being one of the best proposals we saw in industry, and a great range including MT4, MT5

Ingot Metatrader

INGOT offers a customer friendly online trading platform MT4 or MT5 that enables trading over 950 instruments and products in various markets ranges through only a single interface.

• Enhanced charting functionality and sophisticated order management tools will assist in the management of positions quickly and efficiently, while Expert Advisors (EAs) able to automatically place, modify and close your orders on the Metatrader 4 & 5 platforms.
• These platforms indeed very powerful and not a surprise choice, as it is very easy to use software which takes any available information on the MetaTrader platform into consideration.

Mobile Apps

MetaTrader available on the iPhone, iPad and android with no charge. While, through this application, you 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 the trading account used by money managers to manage multiple accounts simultaneously.

Customer Support

Another advantage we found with INGOT is their proactive and knowledgeable customer support committed to providing client satisfaction 24/5. The support is omnichannel offering Live chat, email, and international phone calls.

• We rank INGOT Customer Support 8 out 0f 10 based on our testing. The broker provides quick and relevant support and we remained highly satisfied with the quality of support. The main problem is that the broker doesn’t provide support on weekends, and Live chat is available only in English

See our find and Ranking on Customer Service Quality:

Education

The company is also keen to continuously develop and provide the most competitive services in the market through vast support and educational sources through multilingual support team and relatively easy account opening.

• In addition, the INGOT Brokers takes active responsibility to support any attempts to protect the environment, provide better education, improve health and make society a better place through their various social programs.

All in all, together with great trading opportunities INGOT through more than a decade of operation, the company gained international recognition and awards for their services.

• INGOT Education ranked with overall rating 9 out of 10 based on our research. The broker provides very good quality Education Materials, excellent research, also cooperates with market leading providers of data

INGOT Review Conclusion

Overall, we found INGOT Brokers company a reliable broker with good reputation maintaining offices in various financial centers. The trading environment performs the execution with NDD model, yet some instruments may require instant execution but deliver competitive spreads and commission offerings. The broker offers a great range of instruments to trade, the variety of the account type, as well as advanced options of the platforms and supportive materials.

Based on Our findings and Financial Expert Opinion INGOT is Good for:

• Beginning Traders
• Professional Traders
• EAs running
• Copy Trading
• Scalping / Hedging Startegies
• Traders who prefer MT4 or MT5 platform
• Currency Trading and CFD Trading
• Suitable for a Variety of Trading Strategies