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INGOT review

INGOT


On-line since: 2001
Country of origin: Australia
Regulation: ASIC
Payment options: bank wire transfer, Neteller, WebMoney, FasaPay, PerfectMoney, Payeer, OKPay, AliPay, EPay, Skrill
Minimum account size: $1000
Minimum lot size: 0.1 lot
Leverage: up to 1:100
Spreads: 1 pips on EUR/USD

About company:

INGOT Brokers is one of the most trusted brokers which renders services of online trading. The company provides its clients with access to the forex market, making it possible to trade stock indices including the Nasdaq, Dow Jones and S&P 500 indices. Besides, trading on precious metals, futures, CFDs and commodities (gas, crude oil) on global stock exchanges is also available.

INGOT Brokers is headquartered in Sydney and has representative offices in New Zealand, Switzerland, and Bahrain. The monthly trade volume at the company amounts to billions of US dollars.

Security

The broker’s activity is regulated by the Australian Securities and Investments Commission (AFSL 428015).

The companies regulated by the ASIC should conform to certain requirements and rules. For example, clients’ funds should be kept on segregated accounts. Besides, the Australian brokers should have at least 1 million dollars on their accounts.

However, the Australian companies are not obliged to join the Investor Compensation Fund unlike the European brokers. Though INGOT Brokers is a regulated company, we advise you to have a look at the comments about this broker before registering an account with it.

Trading conditions

INGOT Brokers offers a single account type. The minimum deposit is $1,000 while the maximum leverage is 1:100. This is a rather low leverage comparing to other brokers, so clients of INGOT Brokers cannot trade large sums with small deposits. Spreads are fixed; the average spread on EUR/USD is 2 pips. The broker charges no commission; it derives profits from spreads.

The broker’s clients have access to the stock markets of the MENA region (the Maghreb and the Middle East countries) – the Dubai Financial Market, the Saudi Stock Exchange, and the Egyptian Exchange.

Trading platform

The broker provides the tried and true MetaTrader 4 platform which can be installed on both PCs and mobile devices. Most traders around the globe choose MT4 as it features a set of advanced graphic tools, analytical tools, and a wide choice of expert advisors which enable automated trading so traders have more spare time.

Additionally, INGOT Brokers cooperates with ZuluTrade which ensures copying deals of successful traders or serving as a signal source. This company works in two most popular spheres of trading – the forex market and binary options.

Analytics and education

The analytical reviews of the Asian, European and the MENA markets are regularly posted on the website. They contain the latest news and daily price surveys. Newbies can watch video tutorials to learn how to work on the platform or register an account. The analytical information and glossary are available in English.

Client support service

The client support service can be contacted through a live chat, phone or by Skype. INGOT Brokers managers can speak English, French, German, Russian, and Arabic. Furthermore, the broker has accounts in numerous social networks, so its clients can keep abreast of the latest news and updates in a convenient format.

Payment methods

Clients of INGOT Brokers can withdraw and deposit funds through bank wire transfer, Neteller, WebMoney, and FasaPay, as well as PerfectMoney, Payeer, OKPay, AliPay, EPay, and Skrill.

Benefits:

  • INGOT Brokers is a regulated broker;
  • It provides access to the stock markets of the MENA region;
  • Trading is conducted through MT4.

Drawbacks:

  • Poor choice of account types;
  • High minimum deposit;
  • Low leverage;
  • Scalping is prohibited.

INGOT 2/10 (votes 2196)
Author of INGOT: Romero | Date 2021-09-10
I loved my trading experience at INGOT. This broker has favorable trading conditions. The only problem is their slow processing of withdrawals. I made two withdrawals from them and I had to wait for almost two weeks just to receive the money.
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Author of INGOT: Lanwee | Date 2021-08-31
I was never interested in this broker. The smallest deposit was unreasonable. And my friend has proven that this broker is not good for traders. Both professional traders and beginners. My friend can't set his desire position so far, always his orders executed 30 to 40 sec delay and I fall 1o to 20 pips requotes, sometimes the platform is too busy or disconnected from the server.
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Author of INGOT: Thakkar | Date 2020-09-02
I have seen that Ingot broker has regulation from ASIC and I have experienced a professional service and platform with them so far, which is essential for me to make a successful trade. As they have instant order executions and low spread in the market. I prefer their live chart and analytical tools on the platform. Ingot Brokers doesn't charge deposit or withdrawal fees, so I have satisfied with their reliable payment service. overall Ingot broker is cool.
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